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Masterbatch Market (Type - Additive, White, and Others; Carrier Resins - PE, PP, PVC, PS, and Others; End User - Packaging, Building & Construction, Automotive, Consumer Goods, and Agriculture): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : October, 2021

  • Rep Id : CM00881

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on the masterbatch market provides in-depth analysis of segments and sub-segments in the global as well as regional masterbatch market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional masterbatch market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global masterbatch market. According to the report, the global masterbatch market is projected to grow at a CAGR of 5.70% over the forecast period of 2021-2027.

 

Market Insight

Masterbatch market was valued at USD 11070.6 million in 2020 and expected to reach USD 16,109 million in 2027, with a CAGR of 5.70% during the forecast period. Masterbatches are widely used in the polymer and plastic industries to provide color and other physical properties to the end product. Masterbatches are offered with carrier polymers such as polyethene, polypropene, polyvinyl chloride, and polystyrene to be used for injection molding and extrusion processes. The industries such as packaging, construction, consumer goods, automotive, and agriculture are the major users of masterbatches. Moreover, the market is characterized by the presence of several local and multinational suppliers. The players in the masterbatch market offer a wide range of products to the customers. These players are engaged in R&D activities to develop innovative products and production processes to boost their revenue and consolidate their market position. The market is expected to grow at a significant CAGR of 5.70% over the forecast period of 2021-2027 owing to the growing adoption of plastics in the key end-use industries.

 

The global masterbatch market is majorly driven by the increasing use of plastics instead of metals across various end-use industries. Plastics are preferred over other materials for various applications across many end-use industries due to their enhanced physical properties. Moreover, masterbatches are used in making plastic, which gives the desired color and physical attributes to the plastic. Thus, the growing adoption of plastic instead of metals, in turn, drives the growth of the masterbatch market. Furthermore, increasing the sale of consumer products across developing regions is further augmenting the growth of the masterbatch market. The market of consumer goods is on the rise, particularly in the developing economies across the Asia Pacific, and Latin America. The flourishing retail sector is also supporting the growth of the consumer goods industry in these regions. Many consumer goods use plastics for packaging. Thus, the growth of the consumer goods industry boosts the demand for plastics, driving the growth of masterbatches used to produce those plastic packaging. However, the availability of cheaper, low-quality masterbatches is expected to hamper the growth of the masterbatch market. Nevertheless, the development of eco-friendly masterbatch products is anticipated to boost the market growth over the forecast period. The outbreak of the COVID-19 pandemic had a fairly low impact on the masterbatch market. The demand from end-users such as building, construction, and automotive declined, while demand from medical, and packaging industries was increased. The COVID-19 outbreak led to lockdowns in several countries across the world. Due to these lockdowns, the end-use industries such as building, construction, and automotive industries incurred huge losses in their sales. Furthermore, the drop in demand for plastic products from these industries compelled the manufacturers to reduce production significantly.

 

Geographically, Asia Pacific held the largest share in the masterbatches market in 2020. China and India are the key revenue generator in the Asia Pacific masterbatches market. Factors such as rapidly expanding construction and the automotive industry in emerging countries such as China and India are expected to drive the growth of the Asia Pacific masterbatches market. Europe is anticipated to hold the second-largest share of the masterbatches market. Germany is the major key revenue generator and is forecast to grow at approximately 7.28% CAGR.

 

Masterbatch Market


Segment Covered

The report on the global masterbatch market covers segments such as type, carrier resins, and end user. On the basis of type, the sub-markets include additive, white, and others. On the basis of carrier resins, the sub-markets include PE, PP, PVC, PS, and others. On the basis of end user, the sub-markets include packaging, building & construction, automotive, consumer goods, and agriculture.

 

Companies Profiled:

The report provides profiles of the companies in the market such as LyondellBasell Industries N.V., Avient Corporation, Americhem, Inc., Ampacet Corporation, Astra Polymers, PLASTIKA KRITIS, Cabot Corporation, Plastiblends India Limited, Tosaf Compounds Ltd, and Penn Color Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of masterbatch market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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