Additive Masterbatch Market Analysis | 2023-2028

Additive Masterbatch Market Analysis | 2023-2028

Additive Masterbatch Market Analysis | 2023-2028
Report code - SR2691 Delivery - 2 Weeks
Additive Masterbatch Market Size, Share, Trend, Forecast Analysis & Growth O See more...

“The Additive Masterbatch Market is expected to grow at a CAGR of 6.2% during 2023-2028 to reach US$ 18.88 billion by 2028.”

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Market Dynamics

Introduction

A masterbatch is a concentrated blend of pigments and additives that has been heated up and encapsulated in a carrier resin before being cooled and divided into granules. When making plastic, masterbatch enables the processor to color the raw polymer affordably. To manufacture packaging that meets industry standards and criteria, an additive masterbatch is utilized. The need for an additive masterbatch is expected to increase due to the packaging industry's rapid growth and the rising demand for efficient packaging materials.

Market Drivers

The market for additive masterbatch has been investigated by the current growth in high-quality and long-lasting goods. The enormous rise in the use of plastics and the demand for light packaging are driving up the price of additive masterbatch. The pharmaceutical, food, and customer asset packaging industries, as well as end-use industries, are boosting the additive masterbatch market.

Despite this stringent law, an increasing understanding of the need for plastics to be used sparingly may act as a barrier to the growth of the goods business. The use of plastic products is practically prohibited in many countries, which might currently be a limitation on business. Numerous opportunities are expected to arise in the future due to the substantial order for the masterbatches used in the production of food and alcohol packaging.

Segments Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

Polymer Type

Polyethylene (PE), Polystyrene (PS), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET)

The Polypropylene (PP) segment accounts for the highest growth in the market during the forecast period.

Application Type

Packaging, Building & Construction, Automotive, Consumer Goods, Textile, and Agriculture

Packaging is expected to remain the dominant application type in the market during the forecast period.

Region Analysis

North America, Europe, Asia-Pacific, and the Rest of the World

Asia-Pacific is expected to remain the largest market during the forecast period.

Polymer Type

“The Polypropylene (PP) segment accounts for the highest growth in the market during the forecast period.”

The Additive Masterbatch market is segmented into Polyethylene (PE), Polystyrene (PS), Polypropylene (PP), Polyvinyl Chloride (PVC), and Polyethylene Terephthalate (PET). The PP segment is anticipated to have the highest CAGR throughout the predicted period because of its lower density and higher softening point than PE. It is used in many products, including cars, consumer goods, flexible packaging, BOPP film, textiles, carpets, and reusable objects like containers, furniture, papers, lab equipment, and medical devices.

Application Type

“Packaging is expected to remain the dominant application type in the market during the forecast period.”

The market is segmented into Packaging, Building & Construction, Automotive, Consumer Goods, Textiles, and Agriculture.  Packaging is used extensively in the industrial, retail, and institutional sectors for the preservation and transportation of goods; hence, it is anticipated that this category will have the greatest CAGR over the anticipated period.

Regional Analysis

“Asia-Pacific is expected to remain the largest market during the forecast period.”

This is because additive masterbatch is becoming increasingly in demand in the Asia-Pacific region due to high plastic consumption across several industries, including the consumer goods, packaging, electronics, and many other products and industries. 

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Key Players

The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. 

The following are the key players in the additive masterbatch market (arranged alphabetically).

  • A. Schulman
  • Clariant AG
  • DOW
  • Marval Industries Incorporation
  • O'neil Color
  • Plastiblends
  • Plastika Kritis S.A.
  • PolyOne Corporation
  • Polyplast Muller GmbH
  • RTP Company
  • Tosaf Compounds Ltd.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

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?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth analysis of the Additive Masterbatch Market

How lucrative is the future?

The market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Who are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirements?

10% free customization

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s additive masterbatch market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.

The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

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

Competitive Benchmarking

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

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

Frequently Asked Questions (FAQ)

A masterbatch is a concentrated blend of pigments and additives that has been heated up and encapsulated in a carrier resin before being cooled and divided into granules. When making plastic, masterbatch enables the processor to color the raw polymer affordably. To manufacture packaging that meets industry standards and criteria, an additive masterbatch is utilized. The need for an additive masterbatch is expected to increase due to the packaging industry's rapid growth and the rising demand for efficient packaging materials.

The additive masterbatch market is estimated to grow at a CAGR of 6.2% during the forecast period, driven by the enormous rise in the use of plastics.

DOW, A. Schulman, Incorporation, O'neil Color, Plastiblends, Polyplast Muller GmbH, RTP Company, Plastika Kritis S.A., Clariant AG, Marval Industries Incorporation., Tosaf Compounds Ltd., PolyOne Corporation are the leading players in the additive masterbatch market.

The Additive Masterbatch Market is expected to reach US$ 18.88 billion by 2028.

Asia-Pacific is estimated to remain dominant in the Additive Masterbatch market in the foreseeable future. Due to high plastic consumption across several industries, including the consumer goods industry, the packaging industry, the electronics industry, and many other products and industries.

Packaging is expected to remain the dominant application type in the market during the forecast period. Packaging is used extensively in the industrial, retail, and institutional sectors for the preservation and transportation of goods.

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