Global Masterbatch Market Trends, Applications, Analysis, Growth, and Forecast to 2028

Global Masterbatch Market Introduction

"The Masterbatch Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

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Masterbatch is liquid or a solid mixture of pigments or additive utilized for coloring or enhancing other properties of polymers including UV stabilizing, flame retardation, antilocking, and antistatic. Masterbatch can be utilized in several technological including blow, spinning, and injection, among others. Packaging industry has applications in various types of masterbatch, where white and color masterbatch are most commonly utilized segments.

Raw materials used for masterbatch production include carrier, dispersant, pigments, and some additives. The masterbatch market can be categorized into four segments - additive, white, color, and black. Additive masterbatch has various applications in customized plastic products in end-use industries such as electronic appliances, automotive, textile, food and beverages packaging, and pharmaceutical packaging. Color masterbatch is utilized in the production of plastics for electronic appliances, automobiles, flexible packaging used for medicine and food and beverages packaging. Black masterbatch is primarily used in automotive, construction, and electronic industries.

Dynamics

Growing adoption for masterbatch in end-use industries such as automobile, packaging, and healthcare a major factor projected to drive the global masterbatch market growth. Rising building and construction industries for pipes & fittings, doors & windows, fences & fenestrations, and siding is among factor projected to drive growth of the global masterbatch market.

Rising demand for plastics from luxury goods and construction packaging industries are further expected to drive the global masterbatch market. Increasing investment in the automotive industry across various developed as well as developing countries. Increasing adoption of masterbatch for automotive applications as a replacement of metals with the plastics materials and rapid growth in emerging economies are some factors projected to drive the target market growth.

However, cheaper and low-quality product offerings is a major factor estimated to restraint the global masterbatch market growth.

Segment Insights

Among the type segments, the color masterbatch segment is projected to accounts for major revenue share in the global masterbatch market, owing to growing adoption in various applications including packaging, automotive, building & construction, consumer goods, textile, and agriculture, among others. Rising demand from the packaging segment is another major factor expected to drive revenue growth of the segment. The revenue of the color masterbatch segment is projected to register highest CAGR.

Among the polymer segments, the polypropylene segment is anticipated to register a moderate revenue share in the global masterbatch market.

Among the application segments, the automotive segment is expected to account for a major revenue share in the global masterbatch market. The revenue of the automotive segment is projected to register highest CAGR.

Region Insights

The Asia Pacific market is estimated to account for moderate revenue share in the global masterbatch market in 2019. Asia Pacific masterbatch market is projected to register highest growth, owing to high adoption in the packaging industry.  Rising demand for masterbatch products from countries such as India, China, and Japan in this region is a factor expected to drive growth of the Asia Pacific market.

Global Masterbatch Market Segmentation:

Segmentation by Type:

• Color Masterbatch
• Additive Masterbatch
• White Masterbatch
• Black Masterbatch
• Filler Masterbatch

Segmentation by Polymer:

• Polypropylene (PP)
• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Polyurethane (PUR)
• Others (Polyethylene Terephthalate (PET) and Polystyrene (PS))

Segmentation by Application:

• Packaging
• Building & Construction
• Consumer Goods
• Automotive
• Others (Textile and Agriculture)

Segmentation by region:

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