The global additive masterbatches market was estimated at USD 2.59 billion in 2019 and is predicted to reach USD 3.28 billion by 2025, registering a CAGR of 6.2% between 2020 and 2025.
Masterbatch is a liquid or solid additive widely employed to color plastics and give it special properties. It is a mixture of additives and pigments that allows the coloring of the raw polymer during the plastic manufacturing process. The additive masterbatch enhances the features of basic plastics. The escalating substitution of metals for polymers in industries like automotive, consumer goods, building and construction, and packaging is predicted to drive the worldwide industry for additive masterbatches during the foreseen years. Escalated industrialization and urbanization in developing regions around the world are predicted to drive the industry for the anticipated years. The worldwide additive masterbatch is a lucrative industry and is predicted to grow at an encouraging annual rate during the foreseen years.
To color plastics or impart other properties to plastic, the masterbatch, which is a solid or liquid additive, is employed. The additive master batch is a concentrated mixture of additives or colorants that condense into a carrier resin during the heating process, which cools and forms. During the plastic manufacturing process, the masterbatch allows the raw polymer to color economically. The additive masterbatch is a new advanced and sustainable innovation on the industry. It improves plastic properties like water resistance, chemical resistance and scratch resistance. The plastics industry is growing and in great call, therefore the call for additive masterbatch is also escalating.
Recent Developments and Trends
Americhem introduces latest 3 additive masterbatches for artificial fibre applications. Custom color masterbatch and functional additives maker Americhem Inc says that it has advanced three latest functional additive solutions for the fibres business.
DuPont introduces latest masterbatch collaborating anti – block and slip for PE blown film. DuPont, a worldwide advanced unit of the DowDuPont Specialty goods Division, is introducing here at Chinaplas 2019.
Additive Masterbatch Market Drivers
The worldwide industry for additive masterbatches is driven by growing call from emerging economies. Quick industrialization in advancing regions like is predicted to drive the worldwide industry for these masterbatches. Also, it is estimated that the escalating use of plastics compared to other conventional materials will drive the industry for additive masterbatches during the foreseen period. The primary drivers of expansion in the packaging industry are rapid urbanization, changing call for consumer lifestyles, economic and geographic trends, escalating health awareness among different categories of consumers and the development of materials and packaging technology. The recent increase in call for advanced and sustainable products is driving the call for additive masterbatch. The escalating use of plastics in heavy and light packaging is improving the demand for the additive masterbatch. End-use businesses are driving the masterbatch additive industry. Other factors, like consumer call for versatile and aesthetic plastic products (which have attractive colors) multiply, thus contributing to industry expansion. Different types of additive masterbatch, like antimicrobial masterbatch, are in high call in the industry, influencing industry expansion. The master batch of flame retardant additives is employed to prevent fire in different industries from delaying ignition time.
Presence of local and less expensive goods are considered as a major restraint of the industry.
The escalating focus on the advancement of carrier resins for masterbatches is a great opportunity for the additive masterbatches industry. The escalating applications of low-density polyethylene and high-density polyethylene in the packaging industry have resulted in the expansion of the polyethylene carrier resin in the packaging industry. The growing world population, industrial production and the use of plastic in everyday products have resulted in an increase in the amount of solid waste. The governments of several countries have strict regulations to control plastic waste and encourage recycling and reuse of plastic. The additive masterbatch is employed to impart functional properties to the recycled plastic. Escalating plastics recycling and stringent government plastics standards will drive revenue expansion in the global additive masterbatches market during the foreseen period.
Presence of local and less expensive goods are a major challenge of the industry.
Additive Masterbatch Market Segmentation:
Depending on the type, the Antimicrobial Additive Masterbatch is estimated to be the largest and fastest growing type of Masterbatch. The dominance of the master batch of antimicrobial additives is due to the escalating call for plastic products.
By carrier resin:
Based on carrier resin, polyethylene is the largest type of carrier resin. This is due to its superior properties compared to other resins.
By end use industry:
Plastics play a key role in the building and construction industry. The call for plastics for this segment is predicted to increase due to its escalating use in various applications.
Additive Masterbatch Regional Analysis:
The Additive Masterbatch Report includes the segmentation of Regions with their respective Countries.
Based on the region, Asia Pacific is the largest industry for additive masterbatch and is predicted to experience the fastest expansion during the foreseen period. Growing call from the packaging, consumer goods and healthcare industries is driving the business for additive masterbatches in the region. The growing purchasing power of the middle class is also acting as a key driver of the industry. The growing call for organic products is driving innovation in the plastics industry for high-end products, like consumer goods and electronics, which require damage-free surfaces. Therefore, the need for anti-scratch products arises, stimulating the additive masterbatches industry. The largest industry for additive masterbatch is in the Asia-Pacific region. The Asia-Pacific region leads the industry in terms of volume and value. The escalating use of plastics has led to the expansion of plastic manufacturing plants. In the years to come, this plastic consumption will not decrease and therefore the additive masterbatches industry will grow significantly. Europe and North America have a large number of masterbatch packaging firms. In the Asia-Pacific region, China has the majority of masterbatch packaging firms.
Some of the significant industry players working in the additive masterbatch industry are Plastika Kritis S.A., PolyOne Corporation, Plastiblends India Ltd., Tosaf Group, Polyplast Muller GmbH, DOW Corning Corporation, A. Schulman, Inc., Clariant AG, RTP Company, O'neil Color & Compounding, and Ampacet Corporation.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.4 Flame Retardants
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2 Carrier Resin
5.2.5 Y-o-Y Growth Analysis, By Carrier Resin
5.2.6 Market Attractiveness Analysis, By Carrier Resin
5.2.7 Market Share Analysis, By Carrier Resin
5.3 End-Use Industry
5.3.3 Building & Construction
5.3.4 Consumer Goods
5.3.7 Y-o-Y Growth Analysis, By End-Use Industry
5.3.8 Market Attractiveness Analysis, By End-Use Industry
5.3.9 Market Share Analysis, By End-Use Industry
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By Carrier Resin
18.104.22.168 By End-Use Industry
6.1.4 Market Attractiveness Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Type
188.8.131.52 By Carrier Resin
184.108.40.206 By End-Use Industry
6.1.5 Market Share Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By Carrier Resin
126.96.36.199 By End-Use Industry
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Clariant AG
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Tosaf Group
8.3 A. Schulman, Inc.
8.4 Polyplast Muller GmbH
8.5 Ampacet Corporation
8.6 PolyOne Corporation
8.7 DOW Corning Corporation
8.8 Plastika Kritis S.A.
8.9 RTP Company
8.10 Plastiblends India Ltd.
8.11 O'neil Color & Compounding
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures