Market Size of Masterbatch Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Masterbatch Market Analysis
The global masterbatch market is projected to register a CAGR of almost 5% during the forecast period (2022-2027).
The market was negatively impacted by COVID-19 in 2020. The COVID-19 outbreak in the first half of 2020 substantially impacted the numerous end-user industries of automotive, transportation, and building and construction. However, by 2021, the situation stabilized, and the market is expected to rise healthily in the current year.
Over the short term, increasing demand for plastic in the automotive industry due to its ability to reduce weight and space needs while simultaneously boosting fuel efficiency are some driving factors stimulating the market demand.
On the other hand, fluctuations in raw material prices, such as polymers, titanium oxide, and calcium carbonate, could hinder the market's growth.
The rising demand for biobased masterbatch will likely create opportunities for the market in the coming years.
The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
Masterbatch Industry Segmentation
Masterbatch (MB) is a solid plastic additive used to color polymers or give them other qualities. It is a concentrated mixture of pigments and/or additives contained in a carrier resin and then cooled and chopped into a granular shape using a heat process. The masterbatch market is segmented by type, polymer, end-user industry, and geography. By type, the market is segmented into white masterbatch, black masterbatch, color masterbatch, additive masterbatch, and special effect masterbatch. By polymer, the market is segmented into polypropylene, polyethylene, high-impact polystyrene, polyvinyl chloride, polyethylene terephthalate, and others. By end-user, the market is segmented into agriculture, building & construction, automotive and transportation, electric and electronics, packaging, and others. The report also covers the market size and forecasts for the masterbatch market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD million) and volume (kilotons).
| By Type | |
| White Masterbatch | |
| Black Masterbatch | |
| Colour Masterbatch | |
| Additive Masterbatch | |
| Special Effect Masterbatch |
| By Polymer | |
| Polypropylene | |
| Polyethylene | |
| High Impact Polystyrene | |
| Polyvinyl Chloride | |
| Polyethylene Terephthalate | |
| Others |
| By End-User | |
| Building & Construction | |
| Packaging | |
| Automotive & Transportation | |
| Electric & Electronic | |
| Consumer Goods | |
| Agriculture | |
| Others (Healthcare, Textile, etc.) |
| Geography | |||||||
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Masterbatch Market Size Summary
The masterbatch market is poised for significant growth, driven by increasing demand across various sectors, particularly in the Asia-Pacific region. This growth trajectory is supported by the rising use of plastics in the automotive industry, where the material's properties contribute to weight reduction and improved fuel efficiency. Despite challenges such as fluctuating raw material prices, the market is expected to benefit from the growing interest in biobased masterbatch solutions. The Asia-Pacific region, with its robust industrial base and rapid economic growth, is anticipated to lead the market, with countries like China and India playing pivotal roles due to their expansive manufacturing and consumer electronics sectors. The demand for masterbatch is further bolstered by the thriving food packaging industry in North America and the increasing need for packaged foods in Asia-Pacific, driven by changing consumer lifestyles and rising disposable incomes.
The market landscape is characterized by fragmentation, with key players such as Cabot Corporation, Tosaf, Avient, Clariant, and Americhem actively contributing to innovation and capacity expansion. Recent developments, such as Cabot Corporation's launch of a new black masterbatch and Avient Corporation's capacity expansion in Vietnam, highlight the industry's focus on enhancing product offerings and meeting regional demands. The European plastic packaging industry is also expected to contribute to market growth, with a steady increase in demand for masterbatch products. Overall, the masterbatch market is set to experience steady growth, supported by diverse applications in packaging, automotive, and electronics, alongside strategic advancements by leading industry players.
Masterbatch Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rising Demand in Plastic packaging Industry
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1.1.2 Increasing Demand of Plastic in Automotive Industry
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1.2 Restraints
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1.2.1 Fluctuation in Raw Material Price
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1.2.2 Strict Environmental Regulations
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1.3 Value Chain / Supply Chain Analysis
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1.4 Porters 5 Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 White Masterbatch
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2.1.2 Black Masterbatch
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2.1.3 Colour Masterbatch
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2.1.4 Additive Masterbatch
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2.1.5 Special Effect Masterbatch
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2.2 By Polymer
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2.2.1 Polypropylene
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2.2.2 Polyethylene
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2.2.3 High Impact Polystyrene
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2.2.4 Polyvinyl Chloride
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2.2.5 Polyethylene Terephthalate
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2.2.6 Others
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2.3 By End-User
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2.3.1 Building & Construction
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2.3.2 Packaging
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2.3.3 Automotive & Transportation
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2.3.4 Electric & Electronic
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2.3.5 Consumer Goods
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2.3.6 Agriculture
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2.3.7 Others (Healthcare, Textile, etc.)
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 India
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2.4.1.2 China
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 France
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2.4.3.4 Italy
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Argentina
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2.4.4.2 Brazil
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 South Africa
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2.4.5.2 Saudi Arabia
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2.4.5.3 Rest of Middle-East and Africa
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Masterbatch Market Size FAQs
What is the current Masterbatch Market size?
The Masterbatch Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)
Who are the key players in Masterbatch Market?
Cabot Corporation, Tosaf, Avient, Clariant and Americhem are the major companies operating in the Masterbatch Market.
