Global Masterbatch Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type (Color, Additive, White, Black, Filler), Polymer (PP, LDPE & LLDPE, HDPE, PVC, PET, PUR, PS), Application (Packaging, Building & Construction, Automotive, Consumer Goods, Textile, Agriculture), and Region (North America, Europe, Asia Pacific, Latin America, Middle east and Africa) – Industry Analysis (2024 to 2029)

Updated On: June, 2024
ID: 8374
Pages: 175

Global Masterbatch Market Size (2024 to 2029)

The Global Masterbatch Market was valued at US$ 17.41 billion in 2023 and is anticipated to reach US$ 29.76 billion by 2029, witnessing a CAGR of 9.35% during the forecast period 2024 to 2029.

Masterbatch can be an intense mixture of additives and pigments summed up in a heating system into a carrier resin that is chilled and turned into a granular form. The processor is allowed to paint raw polymer at a low price throughout the production process of plastics. Masterbatch is a solvent or solid mixture of different pigments employed for coloring or increasing alternative features of polymers such as flame retardation, anesthetic, ultraviolet (UV) stabilizing, and anti-locking. They are plastic additives in the type of solid or liquid that protect the polymers from different toxic radiations while imparting color and boosting the mechanical characteristics. The plastic market is highly concentrated in China and the South Asian nations owing to the presence of low-price labor and raw materials. 

MARKET DRIVERS

The establishment of the latest products and coming up with the latest telecommunications are the usual trends in the worldwide masterbatch industry. Development in the masterbatch market is directly related to the sum of polymer consumption in an area. Escalating production of plastic products and parts, constant economic advancement, innovation in packaging products, quick industrialization, and constant perforation of masterbatch through various forms of coloring techniques are significant drivers in the global masterbatch market. The call for plastics and masterbatch is escalating quickly in the building segment, in insulation materials, performance safety windows, storage tanks, pipes, doors, and cables. Increasing mercantile and urban projects in rising providences are driving infrastructural advancement. Also, increasing customer recognition of attractive interiors is driving the call for masterbatch material forms. The successful building industry is probable to stabilize the masterbatch industry in the foreseen period.

MARKET OPPORTUNITIES

The surge in the call for specialty masterbatch products in various end-user verticals offers substantial development opportunities in the masterbatch business. Makers of customer products are highly seeking packaging materials that install low-price products and make sure of effective storage and transportation. In the coming few years, the call is hence estimated to rise for developed masterbatch which provides both functional performance and aesthetic looks.

MARKET CHALLENGES

Changes in the costs of raw materials are a key factor hampering the expansion of the masterbatch industry. Increasing oil costs result in an escalation in resin costs and pose a major challenge for competitors in the industry. Strict environmental rules and competition from other polymers also restrain the expansion of the global masterbatch industry. In addition to that, different polymer resins are employed as carriers throughout the production of masterbatch. The rising product sales in different end-use businesses have catapulted the call for different raw materials also. Moreover, the raw material supply is not in line with rising additive production, which is creating a supply gap in the value chain.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2022

Forecast Period

2024 to 2029

CAGR

9.35%

Segments Covered

By Type, Polymer, Application, and Region

 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Market Leaders Profiled

A. Schulman, Inc., AMERICHEM, Ampacet Corporation, BASF SE, Cabot Corporation, Clariant, and PolyOne Corporation, among others. Ferro Corporation, Tosaf Compounds Ltd., Dow Corning Corporation, Multibase, Foshan Laicai Plastic Masterbatch Co., Ltd., Hebron Ltd., ItalMaster, PolyOne Corporation

 

DETAILED SEGMENTATION OF THE GLOBAL Masterbatch MARKET INCLUDED IN THIS REPORT

This research report on the global masterbatch market has been segmented and sub-segmented based on type, polymer, application, and region.

Global Masterbatch Market Analysis By Type

Global Masterbatch Market Analysis By Polymer

  • PP
  • LDPE and LLDPE
  • HDPE
  • PVC
  • PET
  • CPVC
  • PUR
  • PS

The rising employment and utilization of PVC and CPVC in several products, like wires and cables, wood PVC composites, waterproofing membranes, food, and medicinal packaging, leads to the development of the global masterbatch market.

Global Masterbatch Market Analysis By Application

  • Packaging
  • Building and Construction
  • Automotive
  • Consumer goods
  • Textile
  • Agriculture

REGIONAL ANALYSIS

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

The Asia Pacific is the ruling region and accounts for over 45.2% of the worldwide call of plastics. Quick industrialization and an escalating population have made their contribution to the economic expansion in the nations of China and India. High calls from the local plastic makers and converters in the area will propel sales in Asia in the next few years. Rising high and middle-class populations in the area will result in higher use of plastic end products like automobiles, home appliances, customer products, electronic equipment, and others. Fast industrial expansion in the region, leading to rising GDP will have a positive impact on regional product sales. Latin America is anticipated to experience a considerably fast expansion rate on the basis of consumption of plastics over the foreseen period due to its escalated use in building and construction in Mexico and Brazil to meet industrial and also public infrastructure requirements. The rapidly developing transportation sector and escalating automotive production in the area are likely to further boost the Latin American masterbatch industry over the outlook period.

KEY MARKET PLAYERS

Companies playing a promising role in the global masterbatch market include A. Schulman, Inc., AMERICHEM, Ampacet Corporation, BASF SE, Cabot Corporation, Clariant, and Others. PolyOne Corporation, Ferro Corporation, Tosaf Compounds Ltd Dow Corning CorporationMultibase, Foshan Laicai Plastic Masterbatch Co., Ltd Hebron Ltd, ItalMaster, PolyOne Corporation, GABRIEL-CHEMIE, and Others.

RECENT HAPPENINGS IN THE MARKET

  • Schulman, Inc. declared its new material innovation, EasyPour additive masterbatch to improve consumer occurrence by enhancing the distribution of liquids from stand-up pouches and other packaging arrangements. A. Schulman created the Polybatch EasyPour product family to control interactions of plastic packaging inner surface and its components.

  • Americhem introduced the three latest additive masterbatch varieties for artificial fiber applications. Americhem Inc., a renowned conventional color masterbatch and functional additives provider, confirmed that they developed three new functional additive solutions to support the fibers industry.
  • DuPont Transportation & Industrial, a division of DowDuPont Specialty Products, planned to launch new products at Chinaplas 2019, named the latest DOW CORNING™ AMB-12235 masterbatch for aiding polyethylene (PE) blown film.

Please wait. . . . Your request is being processed

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample