February 3, 2023

The increasing consumption of rubber color in the automotive industry is expected to aid the healthy growth of the market, states The increasing demand for lightweight materials is expected to bolster the healthy growth of the market during the forecast period.

The catastrophe caused by coronavirus has disrupted the supply chain of every industry around the world. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. Some industries are struggling, and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

The report on the rubber color masterbatch market incorporates:

  • Grander insights into the market
  • Valuable data about eminent players
  • Emerging trends
  • Regional insights
  • Market drivers and restraints
  • Latest development

 

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Market Driver:

Expansion of Clariant AG’s Manufacturing Plant to Support Development 

The key players are expanding their production capacity to cater to the demand of various industries, which, in turn, can foster the growth of the market. For instance, in February 2016, Clariant AG, a specialty chemical corporation, announced that it has plans to increase its manufacturing capacity across the globe. This expansion will allow the company to fulfill its mandate for masterbatches around the globe by merely increasing its product offerings.  Moreover, the increasing application of rubber color in the automotive industry is expected to spur opportunities for the market. Ongoing innovation and demand for lightweight materials in end-use industries can contribute positively to the market growth in the forthcoming years. Masterbatches for polymer volume coloration are mainly focused on transforming thermoplastic polymers into brilliant colors. The need for replacing metals with plastics and rubber components to reduce the overall weight of vehicles is expected to create lucrative opportunities for the market. However, the availability of alternatives is expected to restrict the adoption in the foreseeable future.

Regional Analysis:

Rapid Industrialization to Stimulate Growth in Europe

Asia-Pacific is expected to hold the largest share owing to the flourishing automotive industry. The supportive government regulations in Japan, China, India can have a tremendous impact on the market in Asia Pacific. Europe is expected to expand during the forecast period owing to the rapid industrialization. The increasing ratio of exports is expected drive the market in the region. North America is likely to rise tremendously due to the competitive business situation and the emerging domestic companies with high technical capabilities. The Middle East and Africa are predicted to experience a slow growth rate due to the regions’ lack of spending power. Moreover, the limited number of manufacturers is expected to limit the growth in the region further. The market in Latin America is expected to experience sluggish growth due to the market’s availability of alternatives.

 

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Key Development

April 2016: A. Schulman, Inc., an American manufacturer of plastic compounding materials, announced its plans to expand its color masterbatch plant in China. The new plant was built to allow the company to produce color additives and expand its footprint on the Chinese markets.

The Report Lists the Key Players in the Global Rubber Color Masterbatch Market:

  • Aron Universal Limited
  • Prisma Color Limited
  • Hangzhou Xiaoluan Imp & Exp Co.,Ltd
  • Universal Masterbatch LLP(UNICOL)
  • PT Basis Pancakarya
  • Thai Bamroong Chemicals Co., Ltd.
  • Shanghai Yuku Chemical Technology Co., Ltd.

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