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.
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
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.
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.
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.
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.