Masterbatch Market Size & Share, by Product (Color, White, Black, Additives); Carrier Polymer {Polypropylene (PP), LDPE & LLDPE, HDPE, Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polyurethane (PUR), Polystyrene (PS)}; End-user (Packaging, Building & Construction, Consumer Goods, Automotive, Agriculture, Petrochemicals) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5154
  • Published Date: Aug 11, 2023
  • Report Format: PDF, PPT

Global Masterbatch Market TOC

 

  1. An Introduction to the Research Study
    1. Preface
    2. Market Taxonomy
    3. Definition of the Market and the Segments
    4. Acronyms and Assumptions
  2. The Research Procedure
    1. Sources of Data
      1. Secondary
      2. Primary
        1. Manufacturer Front
        2. Supplier/Distributor Front
        3. End user front
    2. Calculation and Derivation of Market Size
      1. Top-down approach
      2. Bottom-up approach
  3. Recommendation by Analyst for C-Level Executives
  4. An Abstract of the Report
  5. Evaluation of Market Fluctuations and Outlook
    1. Market Growth Drivers
    2. Market Growth Deflation
    3. Market Trends
      1. End user based
      2. Product based
  6. Fundamental Market Prospects
  7. Decarbonization Strategy and Carbon Credit Benefits for Market Players
  8. Regulation & Standards Landscape
  9. Economic Outlook: US, Europe
  10. Industry Value Chain Analysis
  11. Impact of COVID-19 on the Global Masterbatch Market
  12. Recent Trends in the Masterbatch Market
  13. Pricing Analysis
  14. End-use Analysis
  15. Global Masterbatch Market Outlook & Projections, Opportunity Assessment, 2022-2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Market Segmentation Analysis 2022-2035
      1. By Product
        1. Color, Market Value (USD million), CAGR, 2022-2035F
        2. White, Market Value (USD million), CAGR, 2022-2035F
        3. Black, Market Value (USD million), CAGR, 2022-2035F
        4. Additives, Market Value (USD million), CAGR, 2022-2035F
        5. Others, Market Value (USD million), CAGR, 2022-2035F
      2. By Carrier Polymer
        1. Polypropylene (PP), Market Value (USD million), CAGR, 2022-2035F
        2. LDPE & LLDPE, Market Value (USD million), CAGR, 2022-2035F
        3. HDPE, Market Value (USD million), CAGR, 2022-2035F
        4. Polyvinyl Chloride (PVC), Market Value (USD million), CAGR, 2022-2035F
        5. Polyethylene Terephthalate (PET), Market Value (USD million), CAGR, 2022-2035F
        6. Polyurethane (PUR), Market Value (USD million), CAGR, 2022-2035F
        7. Polystyrene (PS), Market Value (USD million), CAGR, 2022-2035F
        8. Others, Market Value (USD million), CAGR, 2022-2035F
      3. By End-user
        1. Packaging, Market Value (USD million), CAGR, 2022-2035F
        2. Building & Construction, Market Value (USD million), CAGR, 2022-2035F
        3. Consumer Goods, Market Value (USD million), CAGR, 2022-2035F
        4. Automotive, Market Value (USD million), CAGR, 2022-2035F
        5. Agriculture, Market Value (USD million), CAGR, 2022-2035F
        6. Petrochemicals, Market Value (USD million), CAGR, 2022-2035F
        7. Others, Market Value (USD million), CAGR, 2022-2035F
      4. By Region
        1. North America, Market Value (USD million), CAGR, 2022-2035F
        2. Asia Pacific, Market Value (USD million), CAGR, 2022-2035F
        3. Europe, Market Value (USD million), CAGR, 2022-2035F
        4. Latin America, Market Value (USD million), CAGR, 2022-2035F
        5. Middle East & Africa, Market Value (USD million), CAGR, 2022-2035F
  16. North America Masterbatch Market Outlook & Projections, Opportunity Assessment, 2022-2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Market Segmentation Analysis 2022-2035
      1. By Product
        1. Color, Market Value (USD million), CAGR, 2022-2035F
        2. White, Market Value (USD million), CAGR, 2022-2035F
        3. Black, Market Value (USD million), CAGR, 2022-2035F
        4. Additives, Market Value (USD million), CAGR, 2022-2035F
        5. Others, Market Value (USD million), CAGR, 2022-2035F
      2. By Carrier Polymer
        1. Polypropylene (PP), Market Value (USD million), CAGR, 2022-2035F
        2. LDPE & LLDPE, Market Value (USD million), CAGR, 2022-2035F
        3. HDPE, Market Value (USD million), CAGR, 2022-2035F
        4. Polyvinyl Chloride (PVC), Market Value (USD million), CAGR, 2022-2035F
        5. Polyethylene Terephthalate (PET), Market Value (USD million), CAGR, 2022-2035F
        6. Polyurethane (PUR), Market Value (USD million), CAGR, 2022-2035F
        7. Polystyrene (PS), Market Value (USD million), CAGR, 2022-2035F
        8. Others, Market Value (USD million), CAGR, 2022-2035F
      3. By End-user
        1. Packaging, Market Value (USD million), CAGR, 2022-2035F
        2. Building & Construction, Market Value (USD million), CAGR, 2022-2035F
        3. Consumer Goods, Market Value (USD million), CAGR, 2022-2035F
        4. Automotive, Market Value (USD million), CAGR, 2022-2035F
        5. Agriculture, Market Value (USD million), CAGR, 2022-2035F
        6. Petrochemicals, Market Value (USD million), CAGR, 2022-2035F
        7. Others, Market Value (USD million), CAGR, 2022-2035F
      4. By Country
        1. US, Market Value (USD million), CAGR, 2022-2035F
        2. Canada, Market Value (USD million), CAGR, 2022-2035F
  17. Asia Pacific Masterbatch Market Outlook & Projections, Opportunity Assessment, 2022-2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Market Segmentation Analysis 2022-2035
      1. By Product
      2. By Carrier Polymer
      3. By End-user
      4. By Country
        1. China, Market Value (USD million), CAGR, 2022-2035F
        2. Japan, Market Value (USD million), CAGR, 2022-2035F
        3. India, Market Value (USD million), CAGR, 2022-2035F
        4. South Korea, Market Value (USD million), CAGR, 2022-2035F
        5. Australia, Market Value (USD million), CAGR, 2022-2035F
        6. Singapore, Market Value (USD million), CAGR, 2022-2035F
        7. Rest of Asia Pacific, Market Value (USD million), CAGR, 2022-2035F
  18. Europe Masterbatch Market Outlook & Projections, Opportunity Assessment, 2022-2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Market Segmentation Analysis 2022-2035
      1. By Product
      2. By Carrier Polymer
      3. By End-user
      4. By Country
        1. Germany, Market Value (USD million), CAGR, 2022-2035F
        2. UK, Market Value (USD million), CAGR, 2022-2035F
        3. France, Market Value (USD million), CAGR, 2022-2035F
        4. Italy, Market Value (USD million), CAGR, 2022-2035F
        5. Spain, Market Value (USD million), CAGR, 2022-2035F
        6. Russia, Market Value (USD million), CAGR, 2022-2035F
        7. Netherlands, Market Value (USD million), CAGR, 2022-2035F
        8. Rest of Europe, Market Value (USD million), CAGR, 2022-2035F

 

  1. Latin America Masterbatch Market Outlook & Projections, Opportunity Assessment, 2022-2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Market Segmentation Analysis 2022-2035
      1. By Product
      2. By Carrier Polymer
      3. By End-user
      4. By Country
        1. Brazil, Market Value (USD million), CAGR, 2022-2035F
        2. Argentina, Market Value (USD million), CAGR, 2022-2035F
        3. Mexico, Market Value (USD million), CAGR, 2022-2035F
        4. Rest of Latin America, Market Value (USD million), CAGR, 2022-2035F
  2. Middle East & Africa Masterbatch Market Outlook & Projections, Opportunity Assessment, 2022-2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Market Segmentation Analysis 2022-2035
      1. By Product
      2. By Carrier Polymer
      3. By End-user
      4. By Country
        1. GCC, Market Value (USD million), CAGR, 2022-2035F
        2. Israel, Market Value (USD million), CAGR, 2022-2035F
        3. South Africa, Market Value (USD million), CAGR, 2022-2035F
        4. Middle East & Africa, Market Value (USD million), CAGR, 2022-2035F
  3. Comprehensive Analysis of Leading Players in the Market
    1. Market share of Key Competitors in the Market, (%) 2022
    2. Benchmarking of the Competitors
    3. Competitor Cost Advantage Analysis
    4. Profile of the Major Vendors
      1. LyondellBasell Industries Holdings B.V.
      2. Avient Corporation
      3. Ampacet Corporation
      4. Cabot Corporation
      5. Plastika Kritis S.A.
      6. Plastiblends
      7. Hubron International
      8. Tosaf Inc.
      9. Penn Color Inc.
      10. Astra Polymers
      11. Americhem
      12. Gabriel-Chemie Gesellschaft m.b.H.
      13. Coperion GmbH
      14. TREFFERT GMBH & CO. KG
      15. Ingenia Polymers Corp.

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Masterbatch Market size is estimated to cross USD 27.61 billion by the end of 2035, growing at a CAGR of 5.80% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of masterbatch was around USD 13.18 billion. The demand for masterbatch is growing faster due to the increasing demand from the packaging industry globally. As per the Waste and Resources Action Programme, nearly 141 million tons of plastic packaging are produced every year worldwide.

Moreover, the end-use sectors such as the construction industry in the masterbatch market are witnessing an increasingly high demand for sophisticated color formulations which is driving the demand for masterbatch across the globe.


Masterbatch Market
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Global Masterbatch Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Adoption in Automotive Industry – The increasing focus on replacing metal with plastic in the automotive industry to reduce vehicle weight and thereby improve fuel efficiency is driving the demand for a variety of plastics that use the masterbatch for imparting several functional properties. According to the International Energy Agency statistics, electric car sales reached a record high in 2021, despite the restrictions imposed due to the COVID-19 pandemic. The electric car sales globally amounted to nearly 6.6 million in 2021, which was double the total sales recorded in 2020. Besides, according to the International Organization of Motor Vehicle Manufacturers (OICA), 80,145,988 automobiles were manufactured in 2021, and 77,621,582 were manufactured in 2020.
  • Rising Demand for Biodegradable Masterbatches – The threat posed by plastics to the environment has given way to the use of biodegradable masterbatches. Today’s consumers are demanding that polymers used in manufacturing be biodegradable plastics and compostable. The government is also pushing corporates and manufacturers, especially those in the plastics industry towards sustainability and renewability of their offerings and execute initiatives to reduce their carbon footprint. For instance, according to the International Trade Council, Saudi Arabia released regulations requiring manufacturers, brand owners, and importers to prove that their plastic products are oxo-biodegradable, by using a masterbatch during the manufacturing of their products which has been approved by SASO (Saudi Standards, Metrology and Quality Organisation). The legislation ensures that plastic products made with d2w technology will not be an environmental nuisance.
  • Cost Benefit of Masterbatches- When opposed to employing pure pigments or additives, masterbatches provide more cost-effective alternatives. They allow for the efficient dispersion of additives, colorants, and other functional components in finished products, resulting in improved performance and cost savings for manufacturers.

Challenges

  • Fluctuation in Raw Material Prices - Since polymers are crude oil derivatives, their prices are as unpredictable as the prices of crude oil. The prices of key raw materials such as polymers and other chemicals namely titanium dioxide, are highly volatile owing to the fluctuations in demand. Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) is an important factor that affects oil prices. The frequent changes in crude oil prices may negatively impact the market growth.
  • Availability of low-quality and cheaper products
  • Supply chain disruption due to war & other external factors

Masterbatch Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

5.80%

Base Year Market Size (2022)

USD 13.18 Billion

Forecast Year Market Size (2035)

USD 27.61 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia-Pacific (Japan, China, India, Singapore, South Korea, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Rest of Europe)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Middle East and Africa (GCC, Israel, South Africa, Rest of Middle East and Africa)
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Masterbatch Segmentation

Product Type (Color, White, Black, Additives)

The white masterbatch market is estimated to gain the largest revenue share over the projected time frame. It is frequently employed in the production process of polymers or thermoplastics such as polyethylene, PET, and PP to add whiteness or opacity to the finished products. On the other hand, the color segment is projected to witness a high CAGR of 6.29% during the forecast period, owing to the wide-ranging use of color masterbatches by several market sectors like the electronic, sport & leisure, automotive, agriculture, building & construction, packaging, and textile industries. Color masterbatches have many applications in the electronics industry. For instance, they are used in the coloring of wires, lighting fixtures, and electrical components.

End-user (Packaging, Building & Construction, Consumer Goods, Automotive, Agriculture, Petrochemicals)

Masterbatch market from the packaging segment is expected to garner a significant share. This is mostly because of the increasing application of masterbatch in the plastics utilized in packaging to provide numerous properties like UV stability, weather resistance, antioxidant, and antistatic properties for the protection of packaged products. For instance, an anti-fog additive masterbatch is used in flexible packaging to increase the precision of packaging and maintain the freshness and quality of the food. Similarly, color masterbatches are used to color caps and closures of plastic packaging bottles. This, as a result, is anticipated to create numerous opportunities for boosting the demand for masterbatches in the packaging industry in the coming years.

Our in-depth analysis of the global market includes the following segments:

    Product

  • Color
  • White
  • Black
  • Additives

    Carrier Polymer

  • Polypropylene (PP)
  • LDPE & LLDPE
  • HDPE
  • Polyvinyl Chloride (PVC)
  • Polyethylene Terephthalate (PET)
  • Polyurethane (PUR)
  • Polystyrene (PS)

    End User

  • Packaging
  • Building & Construction
  • Consumer Goods
  • Automotive
  • Agriculture
  • Petrochemicals

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Masterbatch Industry- Regional Synopsis

APAC Market Forecast

The Asia Pacific masterbatch market is projected to hold the largest market share and grow with a CAGR of 6.05% over the analysis period. The market is also growing faster due to numerous factors such as the surge in population, easy availability of raw materials, rising adoption of innovative technologies, and low cost of labor. For instance, according to World Bank statistics, the population of the South Asia region rose from 1.68 billion in 2011 to 1.9 billion in 2021. Furthermore, key market players are aggressively expanding their operations to support the market demand across the globe. For instance, in February 2021, Avient Corporation completed the expansion of existing production capabilities at its Binh Duong site in Vietnam for color concentrates.

European Market Statistics

The growth of the masterbatch market is poised to show notable revenue in the upcoming years. This can be attributed to the due to the increasing demand for polymers and special effects that are used to differentiate the products. There has been an increasing focus in Europe on manufacturing superior products for food packaging & non-food packaging applications. Europe has stringent environmental regulations for plastic production & consumption, which would encourage the production of biodegradable masterbatches. For instance, oxo-biodegradable masterbatch can degrade in the presence of oxygen (Heat and UV light accelerate the process) much more quickly than ordinary plastic and then biodegrade in the open environment.

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Masterbatch Market Size
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Companies Dominating the Masterbatch Landscape

top-features-companies
    • LyondellBasell Industries Holdings B.V.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Avient Corporation
    • Ampacet Corporation
    • Cabot Corporation
    • Plastika Kritis S.A.
    • Plastiblends
    • Hubron International
    • Tosaf Inc.
    • Penn Color Inc.
    • Astra Polymers
    • Americhem
    • Gabriel-Chemie Gesellschaft m.b.H.
    • Coperion GmbH
    • TREFFERT GMBH & CO. KG
    • Ingenia Polymers Corp.

In-the-news

In The News

  • LyondellBasell Industries Holdings B.V. announced that its black color masterbatch with the name Polybatch 73641 NIR had been provided with the COTREP certification. The certification signifies that the plastics having COTREP-certified masterbatches can be separated using conventional Near-Infrared (NIR) sorting equipment.
  • Avient Corporation launched two additions to its MEVOPUR  line of medical-grade materials. These additions were intended to assist pharmaceutical packaging and medical device manufacturers to reach their sustainability goals more easily. The Mevopur range includes functional additives that improve the performance of polymers used in medical devices, pharmaceutical packaging, etc.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5154
  • Published Date: Aug 11, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The high preference for masterbatches as a coloring method and increasing adoption in the automotive industry are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 5.80% over the forecast period, i.e., 2023 – 2035.

The major players in the market are LyondellBasell Industries Holdings B.V., Avient Corporation, Ampacet Corporation, Cabot Corporation, Plastika Kritis S.A. and others.

The white masterbatch segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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