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The global masterbatch market was valued at US$ 10.3 Billion in 2021.
We expect the global masterbatch market to exhibit a CAGR of 4.97% during 2022-2027.
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
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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