The global masterbatch market size reached US$ 10.9 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 14.5 Billion by 2028, exhibiting a CAGR of 4.87% during 2022-2028.
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.
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.
2. What is the expected growth rate of the global masterbatch market during 2023-2028?
3. What are the key factors driving the global masterbatch market?
4. What has been the impact of COVID-19 on the global masterbatch market?
5. What is the breakup of the global masterbatch market based on the type?
6. What is the breakup of the global masterbatch market based on the polymer type?
7. What is the breakup of the global masterbatch market based on the application?
8. What are the key regions in the global masterbatch market?
9. Who are the key players/companies in the global masterbatch market?
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.
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.
Key Market Segmentation:
The analyst 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
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:
- 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.Key Questions Answered in This Report
1. What was the size of the global masterbatch market in 2022?2. What is the expected growth rate of the global masterbatch market during 2023-2028?
3. What are the key factors driving the global masterbatch market?
4. What has been the impact of COVID-19 on the global masterbatch market?
5. What is the breakup of the global masterbatch market based on the type?
6. What is the breakup of the global masterbatch market based on the polymer type?
7. What is the breakup of the global masterbatch market based on the application?
8. What are the key regions in the global masterbatch market?
9. Who are the key players/companies in the global masterbatch market?
Table of Contents
1 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Masterbatch Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Color
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 White
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Black
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Additive
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Filler
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Polymer Type
7.1 PP
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 LDPE/LLDPE
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 HDPE
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 PVC
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 PUR
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 PET
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 PS
7.7.1 Market Trends
7.7.2 Market Forecast
7.8 Others
7.8.1 Market Trends
7.8.2 Market Forecast
8 Market Breakup by Application
8.1 Packaging
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Building & Construction
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Consumer Goods
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Automotive
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Textile
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Agriculture
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 A. Schulman Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Americhem Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Ampacet Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Cabot Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Clariant AG
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Gabriel-Chemie GmbH
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Hubron (International) Ltd
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Penn Color Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Plastiblends India Ltd
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Plastika Kritis S.A.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 PolyOne Corporation
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Polyplast Müller GmbH
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.13 RTP Company Inc.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.14 Tosaf Compounds Ltd
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
List of Figures
Figure 1: Global: Masterbatch Market: Major Drivers and Challenges
Figure 2: Global: Masterbatch Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Masterbatch Market: Breakup by Type (in %), 2022
Figure 4: Global: Masterbatch Market: Breakup by Polymer Type (in %), 2022
Figure 5: Global: Masterbatch Market: Breakup by Application (in %), 2022
Figure 6: Global: Masterbatch Market: Breakup by Region (in %), 2022
Figure 7: Global: Masterbatch Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Masterbatch (Color) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Masterbatch (Color) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Masterbatch (White) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Masterbatch (White) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Masterbatch (Black) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Masterbatch (Black) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Masterbatch (Additive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Masterbatch (Additive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Masterbatch (Filler) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Masterbatch (Filler) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Masterbatch (PP) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Masterbatch (PP) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Masterbatch (LDPE/LLDPE) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Masterbatch (LDPE/LLDPE) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Masterbatch (HDPE) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Masterbatch (HDPE) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Masterbatch (PVC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Masterbatch (PVC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Masterbatch (PUR) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Masterbatch (PUR) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Masterbatch (PET) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Masterbatch (PET) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Masterbatch (PS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Masterbatch (PS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Masterbatch (Other Polymer Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Masterbatch (Other Polymer Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Masterbatch (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Masterbatch (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Masterbatch (Building & Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Masterbatch (Building & Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Masterbatch (Consumer Goods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Masterbatch (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Masterbatch (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Masterbatch (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Masterbatch (Textile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Masterbatch (Textile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Masterbatch (Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Masterbatch (Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Masterbatch (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Masterbatch (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: North America: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: North America: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: United States: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: United States: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Canada: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Canada: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Asia Pacific: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Asia Pacific: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: China: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: China: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Japan: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Japan: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: India: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: India: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: South Korea: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: South Korea: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Australia: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Australia: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Indonesia: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Indonesia: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Europe: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Europe: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Germany: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Germany: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: France: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: France: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: United Kingdom: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: United Kingdom: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Italy: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Italy: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Spain: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Spain: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Russia: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Russia: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Latin America: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Latin America: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Brazil: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Brazil: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Mexico: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Mexico: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Others: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 93: Others: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 94: Middle East and Africa: Masterbatch Market: Sales Value (in Million US$), 2017 & 2022
Figure 95: Middle East and Africa: Masterbatch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 96: Global: Masterbatch Industry: SWOT Analysis
Figure 97: Global: Masterbatch Industry: Value Chain Analysis
Figure 98: Global: Masterbatch Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Masterbatch Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Masterbatch Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Masterbatch Market Forecast: Breakup by Polymer Type (in Million US$), 2023-2028
Table 4: Global: Masterbatch Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Masterbatch Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Masterbatch Market: Competitive Structure
Table 7: Global: Masterbatch Market: Key Players
Companies Mentioned
- 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.
- Tosaf Compounds Ltd.
Methodology
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