Masterbatch Market Growth Analysis | 2022-2028

Market Insights

The masterbatch market was estimated at USD 11.43 billion in 2021 and is likely to grow at a CAGR of 5.11% during 2022-2028 to reach USD 16.27 billion in 2028.

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What is masterbatch?

Masterbatch is an additive used for coloring plastics or imparting other properties to plastics during the manufacturing process. Masterbatches can be of various types such as color, white, black, additive, and filler. They are widely used in packaging, building & construction, consumer goods, automotive, textile, agriculture, and others. They are usually imparted with polymers such as PP, LDPE/LLDPE, HDPE, PVC, PUR, PET, PS, and others.

Market Drivers

The prime factors that are driving the masterbatch market are –

• The expanding packaging industry along with the organic growth of the building & construction, consumer goods, automotive, textile, and agriculture industries.
• The automotive industry's transition from metal to plastic will boost the market.
• Growing end-user markets such as packaging, automobiles, and healthcare.
• Rapid industrialization and continuing penetration of masterbatch via various types of coloring processes.

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Key Players

Some of the major players in the market are-

• Clariant AG
• Ampacet Corporation
• Cabot Corporation
• A. Schulman, Inc.
• Polyone Corporation
• Plastika Kritis S.A.
• Plastiblends India Ltd.
• Hubron International
• Tosaf Group
• Penn Color, Inc.

Segments Analysis

By Type

The market is segmented as color, white, black, additive, and filler. Increasing use of color masterbatch in packaging, building & construction, automotive, consumer goods, agriculture, and textile industries is the major factor behind the dominance of the segment. The color type held the largest share of the market in 2021 and is expected to remain dominant during the forecast period.

By Polymer Type

The market is segmented as PP, LDPE/LLDPE, HDPE, PVC, PUR, PET, PS, and Others. The polypropylene (PP) segment holds the market share of more than 20% of the market in 2021 and the market is also expected to witness healthy growth during the forecast period. Polypropylene's demand as a carrier polymer is expected to rise due to its superior mechanical strength and flexibility. Polypropylene also improves surface quality.  Because it is lightweight, it is utilized to replace metal components in the automotive sector. All of these reasons are projected to drive the polypropylene segment's growth during the forecast period.

By Application Type

The market is segmented as packaging, building & construction, consumer goods, automotive, textile, agriculture, and others. The Packaging Segment holds the largest share of more than 20% of the market and is also expected to witness healthy growth during the forecast period. Expanding the range of packaging in a wide array of industries including building & construction, consumer goods, electricals & electronics, personal care, medical, household, and other industries is the major factor driving the growth of the segment.

Regional Insights

Asia-Pacific holds the largest share of more than 30% of the market in 2021 and is the fastest-growing market during the forecast period, with China, Singapore, South Korea, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is majorly driven by significant economic development in the regions, the rapidly expanding construction industry, and the presence of a huge consumer base. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The masterbatch market is segmented into the following categories.

By Type

• Color
• White
• Black
• Additive
• Filler

By Polymer Type

• PP
• LDPE/LLDPE
• HDPE
• PVC
• PUR
• PET
• PS
• Others

By Application Type

• Packaging
• Building & Construction
• Consumer Goods
• Automotive
• Textile
• Agriculture
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Report Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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