Additive Masterbatch Market

Additive Masterbatch Market Size & Growth 2023-2028

The additive masterbatch market was estimated at USD 4.59 billion in 2022 and is predicted to reach USD 6.28 billion by 2028, registering a CAGR of 8.2% between 2023-2028

Masterbatch is a liquid or solid additive widely employed to color plastics and give them 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 in 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 masterbatch 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 in the industry. It improves plastic properties like water resistance, chemical resistance, and scratch resistance. The plastics industry is growing and in the great call, therefore the call for additive masterbatch is also escalating.

Drivers in the Additive Masterbatch Market:

The worldwide industry for additive masterbatches is driven by growing calls from emerging economies. Quick industrialization in advancing regions 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 calls 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 the 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 masterbatches, like antimicrobial masterbatches, are in a high call in the industry, influencing industry expansion. The masterbatch of flame retardant additives is employed to prevent fire in different industries from delaying ignition time.

Opportunities in the Additive Masterbatch Market:

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 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 the 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.

ADDITIVE MASTERBATCH MARKET REPORT COVERAGE:

Additive Masterbatch Market Segmentation:

Additive Masterbatch Market - By Type:

• Antimicrobial

• Antioxidant

• Flame – retardant

• Others

Depending on the type, the Antimicrobial Additive Masterbatch is estimated to be the largest and fastest-growing type of Masterbatch. The dominance of the masterbatch of antimicrobial additives is due to the escalating call for plastic products.

Additive Masterbatch Market - By Carrier Resin:

• Polyethylene

• Propylene

• Polystyrene

• Others

Based on carrier resin, polyethylene is the largest type of carrier resin. This is due to its superior properties compared to other resins.

Additive Masterbatch Market - By End-use:

• Packaging

• Automotive

• Consumer goods

• Building and Construction

• Agriculture

• Others

Plastics play a key role in the building and construction industry. The call for plastics for this segment is predicted to increase due to their escalating use in various applications.

Additive Masterbatch Market - By Region:

The Additive Masterbatch Report includes the segmentation of Regions with their respective Countries.

• North America Additive Masterbatch Industry includes the U.S. and Canada.

• Europe Additive Masterbatch Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

• Asia Pacific Additive Masterbatch Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

• Latin America Additive Masterbatch Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

• The Middle East & Africa Additive Masterbatch Industry includes KSA, UAE, Israel, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

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

1. Plastika Kritis S.A

2. PolyOne Corporation

3. Plastiblends India Ltd

4. Tosaf Group

5. Polyplast Muller GmbH

6. DOW Corning Corporation

7. A. Schulman, Inc

8. Clariant AG

9. RTP Company

10. O'Neil Color & Compounding

11. Ampacet Corporation