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Masterbatch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A1995
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Market Overview:
The global masterbatch market size reached US$ 10.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
A masterbatch refers to a concentrated mixture of pigments and additives that is used for adding a certain hue or stain to various polymers and plastic products. It can also be utilized to enhance specific properties in the products, such as antistatic, ultraviolet (UV) stability and flame retardation. Some of the common types of masterbatches include color, white, black, filler and additive. They are manufactured by heating the concentrated mixture, which is then encapsulated into a carrier resin, cooled down and cut into granular shaped beads. These beads dissolve under high temperatures, thereby dispersing the desired color and properties to the products. As a result, masterbatches find extensive applications in the manufacturing of plastic products that are used across industries, such as automotive, textile, packaging, construction, pharmaceutical and electronics.
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The global market is primarily being driven by rapid industrialization, along with the growing demand for environment-friendly and innovative coloring agents. Furthermore, significant growth in the automotive industry is also providing a boost to the market growth. Automobile manufacturers are rapidly replacing heavy metal parts with lightweight plastic components that are fortified with masterbatches to get the desired colors and mechanical properties, thus creating a positive impact on the overall product demand. Additionally, increasing awareness regarding the beneficial properties of masterbatches is acting as another growth-inducing factor. In comparison to the traditionally used coloring agents, masterbatches offer improved color consistency, opacity and dispersion rate. Other factors, including the increasing utilization of black masterbatch for infrastructural applications, coupled with the growing demand for bio-based plastic products, such as agricultural films, are projected to drive the market further.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global masterbatch market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, polymer type and application.
Breakup by Type:
- Color
- White
- Black
- Additive
- Filler
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Breakup by Polymer Type:
- PP
- LDPE/LLDPE
- HDPE
- PVC
- PUR
- PET
- PS
- Others
Breakup by Application:
- Packaging
- Building & Construction
- Consumer Goods
- Automotive
- Textile
- Agriculture
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being A. Schulman Inc., Americhem, Inc., Ampacet Corporation, Cabot Corporation, Clariant AG, Gabriel-Chemie GmbH, Hubron (International) Ltd., Penn Color, Inc., Plastiblends India Ltd., Plastika Kritis S.A., PolyOne Corporation, Polyplast Müller GmbH, RTP Company, Inc. and Tosaf Compounds Ltd.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Type, Polymer Type, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | A. Schulman Inc., Americhem, Inc., Ampacet Corporation, Cabot Corporation, Clariant AG, Gabriel-Chemie GmbH, Hubron (International) Ltd., Penn Color, Inc., Plastiblends India Ltd., Plastika Kritis S.A., PolyOne Corporation, Polyplast Müller GmbH, RTP Company, Inc. and Tosaf Compounds Ltd. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global masterbatch market was valued at US$ 10.9 Billion in 2022.
We expect the global masterbatch market to exhibit a CAGR of 4.8% during 2023-2028.
The rising applications of masterbatch as a coloring agent in the manufacturing of plastic products that are used across various sectors, such as automotive, textile, packaging, etc., are primarily driving the global masterbatch market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for masterbatches.
Based on the type, the global masterbatch market can be segmented into color, white, black, additive, and filler. Currently, white holds the majority of the total market share.
Based on the polymer type, the global masterbatch market has been divided into PP, LDPE/LLDPE, HDPE, PVC, PUR, PET, PS, and others. Among these, PP currently exhibits a clear dominance in the market.
Based on the application, the global masterbatch market can be categorized into packaging, building & construction, consumer goods, automotive, textile, agriculture, and others. Currently, the packaging industry accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global masterbatch market include A. Schulman Inc., Americhem, Inc., Ampacet Corporation, Cabot Corporation, Clariant AG, Gabriel-Chemie GmbH, Hubron (International) Ltd., Penn Color, Inc., Plastiblends India Ltd., Plastika Kritis S.A., PolyOne Corporation, Polyplast Müller GmbH, RTP Company, Inc., and Tosaf Compounds Ltd.
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