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Masterbatch Market Projected to Reach $11.06 Billion by 2032, Expanding at a CAGR of 6.6%
Report Overview The latest research report titled Masterbatch Market presents a comprehensive analysis of a rapidly growing industry. The report includes a detailed study of the market share, size, growth drivers, recent developments, and top trends. Besides, a thorough analysis of the product offerings, applications, advancements, benefits and scope has been covered. The study includes…
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Masterbatch Market 2024 to 2030: Analyzing Demand in Plastics, Packaging, and More
Masterbatch Industry Overview
The global masterbatch market size is expected to reach USD 9.65 billion by 2030 to expand at a CAGR of 6.3% from 2024 to 2030 as per the new report by Grand View Research, Inc. Increasing replacement of metal with plastic is projected to fuel the market growth. In addition, rising demand from the European region is expected to propel the demand over the forecast period.
In terms of revenue, black masterbatch was the largest type segment in 2022 and the trend is anticipated to continue over the forecast period. The increasing need for improving the surface appearance of plastic components in automotive and transportation, building and construction, and consumer goods is expected to contribute to the growth. Additive masterbatch is being widely used on account of various properties it imparts to plastics such as antistatic, antifoaming, antioxidant, antimicrobial, thermo-stabilizer, barrier properties, metal deactivators, anti-block, flame retardant, UV stabilizer, oxygen scavenger, and abrasion resistance. The growth of the packaging sector, especially plastic packaging, is anticipated to drive the demand.
Gather more insights about the market drivers, restrains and growth of the Masterbatch Market
These are used in various end-use industries, such as packaging, building and construction, consumer goods, automotive and transportation, and agriculture, as it imparts useful functional properties such as smooth surface finish and desired hardness. The increasing spending capability of customers toward purchasing attractively packaged consumer goods is expected to trigger the need for various plastic componentss to improve the appearance and other properties. These factors together are anticipated to boost the market demand over the forecast period.
In terms of revenue, polypropylene (PP) was the largest carrier polymer segment in 2022 and the trend is anticipated to continue over the forecast period. Polypropylene offers excellent electrical resistance and does not present stress-cracking problems at high temperatures and strong chemicals. As such, it is useful in both rigid and flexible packaging applications. The demand for polypropylene as a carrier polymer is projected to increase owing to its excellent mechanical strength and flexibility offered by it. Polypropylene also enhances the quality of surfaces. It is lightweight and therefore, is used to replace metal components in the automotive industry.
Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.
The global thermal insulation coating market size was estimated at USD 10.45 billion in 2024 and is projected to grow at a CAGR of 6.6% from 2025 to 2030.
The global oil and gas corrosion protection market size was valued at 9.78 USD billion in 2023 and is projected to grow at a CAGR of 2.4% from 2024 to 2030.
Masterbatch Market Segmentation
Grand View Research has segmented the global masterbatch market report based on type, carrier polymer, end-use, and region:
Masterbatch Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
White
Black
Color
Additive
Filler
Biodegradable
Masterbatch Carrier Polymer Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Polypropylene (PP)
Polyethylene (PE)
Low-Density Polyethylene
High-Density Polyethylene
Polyvinyl Chloride (PVC)
Polyethylene Terephthalate (PET)
PUR
PS
Biodegradable Plastics
Other Carrier Polymers
Masterbatch End-Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Packaging
Building & Construction
Consumer Goods
Automotive & Transportation
Agriculture
Other End-Uses
Masterbatch Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Benelux
Poland
Asia Pacific
China
India
Japan
South Korea
Taiwan
Australia & New Zealand
Indonesia
Central & South America
Brazil
Argentina
Chile
Middle East & Africa
Iran
Saudi Arabia
South Africa
Key Companies profiled:
Schulman, Inc.
Ampacet Corporation
Cabot Corporation
Clariant AG
Hubron International Ltd.
Penn Color, Inc.
Plastiblends India Ltd.
Global Colors Group
PolyOne Corporation
Tosaf Group
Key Masterbatch Company Insights
Some prominent players in the global masterbatch market include:
In November 2023, The investment firm Koinos Capital, headquartered in Milan, established the Impact Formulators Group by merging the operations of two Italian companies specializing in masterbatch and additives manufacturing, namely Masterbatch S.r.l. and Ultrabatch S.r.l.
In November 2023, TER Chemicals and Momentive have mutually agreed to extend their current distribution agreement for high-performance additives in polymer modification. This expansion encompasses all European countries, with the exception of Iberia and the UK. The portfolio offered includes multifunctional masterbatches, anti-block agents, light diffusers, crosslinkers, and coupling agents. These products aim to provide customers with effective solutions to enhance the performance of their products and address various processing challenges.
In May 2023, Tosaf Color Service introduced a new masterbatch carrier system. The recently launched masterbatch carrier system by Tosaf Color Service is fully compliant with widely recognized food contact standards, as asserted by the company. This compliance extends to the guidelines set forth by the German Federal Institute for Risk Assessment (BfR) and aligns with the intricate and diverse regulatory frameworks of the United States and China, including the standards of the Food and Drug Administration (FDA) and China Food Safety Law.
Recent Developments
In June 2023, Ampacet announced the launch of PET UVA, a masterbatch that offers protection to the packaging contents from harmful UV light, thereby keeping the food fresher, extending product shelf life, and limiting waste. The company also offers UVA in PP and PE.
In June 2023, Ampacet unveiled the introduction of a new additive - AA Scavenger 0846, designed particularly for restricting the acetaldehyde levels in both PET and rPET bottles. This product launch was aimed at supporting the sustainability efforts of the company in the packaging industry by encouraging the use of recycled materials and reducing waste.
In April 2023, Penn, Color, Inc. announced the commencement of its world-class facility in Rayong Province, Thailand in order to expand its manufacturing capabilities. The objective of this new plant was to enable the company to deliver high-quality colorant & additive masterbatches across the Asia-Pacific market.
Order a free sample PDF of the Masterbatch Market Intelligence Study, published by Grand View Research.
Masterbatch Market In-Depth Analysis and Forecast 2024 - 2030
The global masterbatch market size is expected to reach USD 9.65 billion by 2030 to expand at a CAGR of 6.3% from 2024 to 2030 as per the new report by Grand View Research, Inc. Increasing replacement of metal with plastic is projected to fuel the market growth. In addition, rising demand from the European region is expected to propel the demand over the forecast period.
In terms of revenue, black masterbatch was the largest type segment in 2022 and the trend is anticipated to continue over the forecast period. The increasing need for improving the surface appearance of plastic components in automotive and transportation, building and construction, and consumer goods is expected to contribute to the growth. Additive masterbatch is being widely used on account of various properties it imparts to plastics such as antistatic, antifoaming, antioxidant, antimicrobial, thermo-stabilizer, barrier properties, metal deactivators, anti-block, flame retardant, UV stabilizer, oxygen scavenger, and abrasion resistance. The growth of the packaging sector, especially plastic packaging, is anticipated to drive the demand.
These are used in various end-use industries, such as packaging, building and construction, consumer goods, automotive and transportation, and agriculture, as it imparts useful functional properties such as smooth surface finish and desired hardness. The increasing spending capability of customers toward purchasing attractively packaged consumer goods is expected to trigger the need for various plastic componentss to improve the appearance and other properties. These factors together are anticipated to boost the market demand over the forecast period.
Gather more insights about the market drivers, restrains and growth of the Masterbatch Market
Detailed Segmentation:
Market Concentration & Characteristics
The market is fragmented in nature. The masterbatch is primarily used in the polymer industry for coloring and enhancing the properties of plastics. The global polymer industry is experiencing significant growth, driven by increased demand in various sectors such as packaging, automotive, construction, and consumer goods.
Type Insights
The black type dominated the market with a revenue share of 28.48% in 2023. This high share is attributed to the growth in demand for black masterbatch and the high demand for tires, PVC containers, and other products for application in the automotive and transportation, building and construction, agriculture, and packaging industries. The growing need for agricultural products such as drip irrigation tubing and tape, greenhouse films, shade cloth, and geomembranes is also projected to boost market growth over the forecast period.
Carrier Polymer Insights
The polypropylene (PP) carrier polymer segment dominated the market with a revenue share of 26.68% in 2023. It is attributed to the demand for polypropylene as a carrier polymer is projected to increase owing to its excellent mechanical strength and flexibility offered by it. Polypropylene also enhances the quality of surfaces. It is lightweight and, therefore, is used to replace metal components in the automotive industry. All these factors are expected to fuel the growth of the polypropylene segment in the forecast period.
End-use Insights
The packaging masterbatch end-use segment dominated the market with a revenue share of 26.91% in 2023. Its high share is attributable to the packaging industry, which includes retail, industrial, and consumer packaging, which further includes flexible and rigid options. A rise in the number of city inhabitants who require packaged goods is resulting in an increased demand for packaging. Consumers need packaging that is convenient, sustainable, flexible, offers protection, and is easily traceable. As plastic packing fulfills all these needs, its demand is expected to grow, which is, in turn, projected to result in the growing demand for the product. There is immense growth potential for the packaging industry in emerging economies such as India and China.
Regional Insights
Asia Pacific dominated the market with a revenue share of 30.42% in 2023, owing to the presence of several end-use industries, including automotive and transportation, packaging, building and construction, and consumer goods. The growth of these industries is expected to fuel the demand for the product over the next eight years.
Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.
• The global oil and gas corrosion protection market size was valued at 9.78 USD billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2030.
• The global technical textile chemicals market size was valued at USD 8.93 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2030.
Key Companies & Market Share Insights
The market is fragmented, with several global and regional players. Key players in the market comply with the regulatory policies and are engaged in research & development activities to develop innovative products. For instance, Hubron International became a corporate member of The Graphene Council, the world’s largest community for graphene researchers, developers, producers, academics, and scientists. Since Hubron International is involved in masterbatch/compounding of graphene materials and has technologies available for the processing of 2D materials, the growing usage of 2D materials in the thermoplastic arena for providing lightweight products is expected to strengthen Hublon International’s position in the masterbatch market. Most key industry players are integrated across the value chain, posing entry barriers for new market players. Some prominent players in the global masterbatch market include:
• In November 2023, The investment firm Koinos Capital, headquartered in Milan, established the Impact Formulators Group by merging the operations of two Italian companies specializing in masterbatch and additives manufacturing, namely Masterbatch S.r.l. and Ultrabatch S.r.l.
• In November 2023, TER Chemicals and Momentive have mutually agreed to extend their current distribution agreement for high-performance additives in polymer modification. This expansion encompasses all European countries, with the exception of Iberia and the UK. The portfolio offered includes multifunctional masterbatches, anti-block agents, light diffusers, crosslinkers, and coupling agents. These products aim to provide customers with effective solutions to enhance the performance of their products and address various processing challenges.
Key Masterbatch Companies:
• A. Schulman, Inc.
• Ampacet Corporation
• Cabot Corporation
• Clariant AG
• Global Colors Group
• Hubron International Ltd.
• Penn Color, Inc.
• Plastiblends India Ltd.
• PolyOne Corporation
• Tosaf Group
Masterbatch Market Segmentation
Grand View Research has segmented the global masterbatch market report based on type, carrier polymer, end-use, and region:
Masterbatch Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• White
• Black
• Color
• Additive
• Filler
• Biodegradable
Masterbatch Carrier Polymer Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Polypropylene (PP)
• Polyethylene (PE)
o Low-Density Polyethylene
o High-Density Polyethylene
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• PUR
• PS
• Biodegradable Plastics
• Other Carrier Polymers
Masterbatch End-Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Packaging
• Building & Construction
• Consumer Goods
• Automotive & Transportation
• Agriculture
• Other End-Uses
Masterbatch Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Benelux
o Poland
• Asia Pacific
o China
o India
o Japan
o South Korea
o Taiwan
o Australia & New Zealand
o Indonesia
• Central & South America
o Brazil
o Argentina
o Chile
• Middle East & Africa
o Iran
o Saudi Arabia
o South Africa
Order a free sample PDF of the Masterbatch Market Intelligence Study, published by Grand View Research.
Recent Developments
• In June 2023, Ampacet announced the launch of PET UVA, a masterbatch that offers protection to the packaging contents from harmful UV light, thereby keeping the food fresher, extending product shelf life, and limiting waste. The company also offers UVA in PP and PE.
• In June 2023, Ampacet unveiled the introduction of a new additive - AA Scavenger 0846, designed particularly for restricting the acetaldehyde levels in both PET and rPET bottles. This product launch was aimed at supporting the sustainability efforts of the company in the packaging industry by encouraging the use of recycled materials and reducing waste.
• In April 2023, Penn, Color, Inc. announced the commencement of its world-class facility in Rayong Province, Thailand in order to expand its manufacturing capabilities. The objective of this new plant was to enable the company to deliver high-quality colorant & additive masterbatches across the Asia-Pacific market.
Masterbatch Market Size, Share, Growth and Industry Trends 2024 - 2030
The global masterbatch market size was valued at USD 6.24 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. The replacement of metal with plastics in the end-use industries, including automotive and transportation, building and construction, consumer goods, and packaging, is expected to be a key factor driving the global market in the forecast period.
The product is available in solid and liquid forms and is used for imparting color and enhancing valuable properties of polymers such as antistatic, antifog, antilocking, UV stabilizing, and flame retardation. Various carrier polymers, such as polypropylene, polyethylene, polyvinyl chloride, and polyethylene terephthalate, are preferred along with the product for use in injection molding and extrusion processes.
The rising demand from the packaging industry in the U.S. is expected to boost market growth. There has been considerable growth in the packaging market in the U.S. on account of growth in the e-commerce business. In the U.S., there are approximately 16,806 plastic manufacturing facilities spread across 50 states. The increasing use of plastic in consumer goods, building & construction, automotive, and other sectors is anticipated to boost the growth of masterbatch in the country in the forecast period. Consumer goods manufacturers are providing attractive product packaging to attract a large number of customers to boost sales of their products. Different types of masterbatch are used in combination with polymers to make attractive packaging, which is projected to increase product demand in the forecast period.
Gather more insights about the market drivers, restrains and growth of the Masterbatch Market
Masterbatch Market Report Highlights
• The black segment witnessed the fastest growth rate with a CAGR of nearly.7.1% as color masterbatch finds application in various end-use industries such as packaging, building and construction, consumer goods, automotive and transportation, and agriculture
• Polyethylene emerged as the second-largest carrier polymer segment, in terms of revenue, in 2023. The growing popularity on account of useful properties of HDPE, LDPE, and LLDPE is projected to drive the segment.
• The packaging segment emerged as the largest end-use segment in 2023 due to different types of the industrial, customer, and retail packaging segments across various geographies
• According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the production of commercial vehicles reached 8.3 million in 2022, up from 7.6 million in 2021. Thus, with the growing production of automobiles, the demand for automotive plastics in exterior and interior parts is anticipated to rise. This is likely to drive the demand for masterbatch in automotive sector over the forecast period.
Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.
• The global oil and gas corrosion protection market size was valued at 9.78 USD billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2030.
• The global technical textile chemicals market size was valued at USD 8.93 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2030.
Masterbatch Market Segmentation
Grand View Research has segmented the global masterbatch market report based on type, carrier polymer, end-use, and region:
Masterbatch Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• White
• Black
• Color
• Additive
• Filler
• Biodegradable
Masterbatch Carrier Polymer Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Polypropylene (PP)
• Polyethylene (PE)
o Low-Density Polyethylene
o High-Density Polyethylene
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• PUR
• PS
• Biodegradable Plastics
• Other Carrier Polymers
Masterbatch End-Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Packaging
• Building & Construction
• Consumer Goods
• Automotive & Transportation
• Agriculture
• Other End-Uses
Masterbatch Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Benelux
o Poland
• Asia Pacific
o China
o India
o Japan
o South Korea
o Taiwan
o Australia & New Zealand
o Indonesia
• Central & South America
o Brazil
o Argentina
o Chile
• Middle East & Africa
o Iran
o Saudi Arabia
o South Africa
Order a free sample PDF of the Masterbatch Market Intelligence Study, published by Grand View Research.
Masterbatch Market Report: Industry Manufacturers Analysis 2024-2030
Masterbatch Industry Overview
The global masterbatch market size was valued at USD 6.24 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030.
The replacement of metal with plastics in the end-use industries, including automotive and transportation, building and construction, consumer goods, and packaging, is expected to be a key factor driving the global market in the forecast period.
Gather more insights about the market drivers, restrains and growth of the Masterbatch Market
The product is available in solid and liquid forms and is used for imparting color and enhancing valuable properties of polymers such as antistatic, antifog, antilocking, UV stabilizing, and flame retardation. Various carrier polymers, such as polypropylene, polyethylene, polyvinyl chloride, and polyethylene terephthalate, are preferred along with the product for use in injection molding and extrusion processes.
The rising demand from the packaging industry in the U.S. is expected to boost market growth. There has been considerable growth in the packaging market in the U.S. on account of growth in the e-commerce business. In the U.S., there are approximately 16,806 plastic manufacturing facilities spread across 50 states. The increasing use of plastic in consumer goods, building & construction, automotive, and other sectors is anticipated to boost the growth of masterbatch in the country in the forecast period. Consumer goods manufacturers are providing attractive product packaging to attract a large number of customers to boost sales of their products. Different types of masterbatch are used in combination with polymers to make attractive packaging, which is projected to increase product demand in the forecast period.
Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.
The global ceramic coating market size was estimated at USD 10.37 billion in 2023 and is expected to grow at a CAGR of 8.4% from 2024 to 2030.
The global anti-slip coatings market size was estimated at USD 149.17 million in 2023 and is estimated to grow at a CAGR of 6.6% from 2024 to 2030.
Key Companies & Market Share Insights
The market is fragmented, with several global and regional players. Key players in the market comply with the regulatory policies and are engaged in research & development activities to develop innovative products. For instance, Hubron International became a corporate member of The Graphene Council, the world’s largest community for graphene researchers, developers, producers, academics, and scientists. Since Hubron International is involved in masterbatch/compounding of graphene materials and has technologies available for the processing of 2D materials, the growing usage of 2D materials in the thermoplastic arena for providing lightweight products is expected to strengthen Hublon International’s position in the masterbatch market. Most key industry players are integrated across the value chain, posing entry barriers for new market players. Some prominent players in the global masterbatch market include:
In November 2023, The investment firm Koinos Capital, headquartered in Milan, established the Impact Formulators Group by merging the operations of two Italian companies specializing in masterbatch and additives manufacturing, namely Masterbatch S.r.l. and Ultrabatch S.r.l.
In November 2023, TER Chemicals and Momentive have mutually agreed to extend their current distribution agreement for high-performance additives in polymer modification. This expansion encompasses all European countries, with the exception of Iberia and the UK. The portfolio offered includes multifunctional masterbatches, anti-block agents, light diffusers, crosslinkers, and coupling agents. These products aim to provide customers with effective solutions to enhance the performance of their products and address various processing challenges.
In May 2023, Tosaf Color Service introduced a new masterbatch carrier system. The recently launched masterbatch carrier system by Tosaf Color Service is fully compliant with widely recognized food contact standards, as asserted by the company. This compliance extends to the guidelines set forth by the German Federal Institute for Risk Assessment (BfR) and aligns with the intricate and diverse regulatory frameworks of the United States and China, including the standards of the Food and Drug Administration (FDA) and China Food Safety Law.
Key Masterbatch Companies:
Schulman, Inc.
Ampacet Corporation
Cabot Corporation
Clariant AG
Global Colors Group
Hubron International Ltd.
Penn Color, Inc.
Plastiblends India Ltd.
PolyOne Corporation
Tosaf Group
Recent Developments
In June 2023, Ampacet announced the launch of PET UVA, a masterbatch that offers protection to the packaging contents from harmful UV light, thereby keeping the food fresher, extending product shelf life, and limiting waste. The company also offers UVA in PP and PE.
In June 2023, Ampacet unveiled the introduction of a new additive - AA Scavenger 0846, designed particularly for restricting the acetaldehyde levels in both PET and rPET bottles. This product launch was aimed at supporting the sustainability efforts of the company in the packaging industry by encouraging the use of recycled materials and reducing waste.
In April 2023, Penn, Color, Inc. announced the commencement of its world-class facility in Rayong Province, Thailand in order to expand its manufacturing capabilities. The objective of this new plant was to enable the company to deliver high-quality colorant & additive masterbatches across the Asia-Pacific market.
In May 2023, Cabot Corporation launched its new aerogel particles portfolio - ENTERA, which acts as a thermal insulation additive for enabling the development of ultra-thin thermal barriers for Li-ion EV batteries. The portfolio comprises three products that can be integrated into different thermal barrier forms, including, sheets, blankets, pads, foams, films, and coatings.
In March 2023, Cabot Corporation announced the launch of its sustainable solutions platform - EVOLVE. This platform was aimed at developing sustainable reinforcing carbons for varied industries and curating materials that enable a more sustainable future by leveraging circular value chains & materials recovered from worn tires, bio-based and renewable materials, and processes that limit greenhouse gas emissions.
In October 2022, Clariant launched new additive solutions at K 2022 to reinforce more sustainable plastics and decrease resource use. These new developments include Licowax AS 100 TP - an anti-scratch additive for polypropylene and thermoplastic olefins formulations, AddWorks AGC 970 - a light stabilizer for polyethylene agricultural films, and Licocare RBW 560 TP Vita a bio-based wax for injection molded polyester compounds.
Order a free sample PDF of the Masterbatch Market Intelligence Study, published by Grand View Research.
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Masterbatch Market report by Precision Business Insights provides an in-depth research analysis of market size, share and growth.
The global masterbatch market is projected to reach USD 15.7 billion in 2023, registering at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period 2024-2030. The growth of the marketis majorly driven by the increasing application of plastic over metals in the automotive industry and the increasing demand for biodegradable masterbatches
Masterbatch Market 2024-2030: Leading Players Updates and Growth Analysis Report
The global masterbatch market size was valued at USD 6.24 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. The replacement of metal with plastics in the end-use industries, including automotive and transportation, building and construction, consumer goods, and packaging, is expected to be a key factor driving the global market in the forecast period.
Gather more insights about the market drivers, restrains and growth of the Masterbatch Market
The product is available in solid and liquid forms and is used for imparting color and enhancing valuable properties of polymers such as antistatic, antifog, antilocking, UV stabilizing, and flame retardation. Various carrier polymers, such as polypropylene, polyethylene, polyvinyl chloride, and polyethylene terephthalate, are preferred along with the product for use in injection molding and extrusion processes.
The rising demand from the packaging industry in the U.S. is expected to boost market growth. There has been considerable growth in the packaging market in the U.S. on account of growth in the e-commerce business. In the U.S., there are approximately 16,806 plastic manufacturing facilities spread across 50 states. The increasing use of plastic in consumer goods, building & construction, automotive, and other sectors is anticipated to boost the growth of masterbatch in the country in the forecast period. Consumer goods manufacturers are providing attractive product packaging to attract a large number of customers to boost sales of their products. Different types of masterbatch are used in combination with polymers to make attractive packaging, which is projected to increase product demand in the forecast period.
Masterbatch Market Segmentation
Grand View Research has segmented the global masterbatch market report based on type, carrier polymer, end-use, and region:
Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• White
• Black
• Color
• Additive
• Filler
• Biodegradable
Carrier Polymer Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Polypropylene (PP)
• Polyethylene (PE)
o Low-Density Polyethylene
o High-Density Polyethylene
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• PUR
• PS
• Biodegradable Plastics
• Other Carrier Polymers
End-Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Packaging
• Building & Construction
• Consumer Goods
• Automotive & Transportation
• Agriculture
• Other End-Uses
Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Benelux
o Poland
• Asia Pacific
o China
o India
o Japan
o South Korea
o Taiwan
o Australia & New Zealand
o Indonesia
• Central & South America
o Brazil
o Argentina
o Chile
• Middle East & Africa
o Iran
o Saudi Arabia
o South Africa
Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.
• The global ceramic coating market size was estimated at USD 10.37 billion in 2023 and is expected to grow at a CAGR of 8.4% from 2024 to 2030.
• The global anti-slip coatings market size was estimated at USD 149.17 million in 2023 and is estimated to grow at a CAGR of 6.6% from 2024 to 2030.
Key Companies & Market Share Insights
The market is fragmented, with several global and regional players. Key players in the market comply with the regulatory policies and are engaged in research & development activities to develop innovative products. For instance, Hubron International became a corporate member of The Graphene Council, the world’s largest community for graphene researchers, developers, producers, academics, and scientists. Since Hubron International is involved in masterbatch/compounding of graphene materials and has technologies available for the processing of 2D materials, the growing usage of 2D materials in the thermoplastic arena for providing lightweight products is expected to strengthen Hublon International’s position in the masterbatch market. Most key industry players are integrated across the value chain, posing entry barriers for new market players. Some prominent players in the global masterbatch market include:
• In November 2023, The investment firm Koinos Capital, headquartered in Milan, established the Impact Formulators Group by merging the operations of two Italian companies specializing in masterbatch and additives manufacturing, namely Masterbatch S.r.l. and Ultrabatch S.r.l.
• In November 2023, TER Chemicals and Momentive have mutually agreed to extend their current distribution agreement for high-performance additives in polymer modification. This expansion encompasses all European countries, with the exception of Iberia and the UK. The portfolio offered includes multifunctional masterbatches, anti-block agents, light diffusers, crosslinkers, and coupling agents. These products aim to provide customers with effective solutions to enhance the performance of their products and address various processing challenges.
• In May 2023, Tosaf Color Service introduced a new masterbatch carrier system. The recently launched masterbatch carrier system by Tosaf Color Service is fully compliant with widely recognized food contact standards, as asserted by the company. This compliance extends to the guidelines set forth by the German Federal Institute for Risk Assessment (BfR) and aligns with the intricate and diverse regulatory frameworks of the United States and China, including the standards of the Food and Drug Administration (FDA) and China Food Safety Law.
Key Masterbatch Companies:
• A. Schulman, Inc.
• Ampacet Corporation
• Cabot Corporation
• Clariant AG
• Global Colors Group
• Hubron International Ltd.
• Penn Color, Inc.
• Plastiblends India Ltd.
• PolyOne Corporation
• Tosaf Group
Recent Developments
• In June 2023, Ampacet announced the launch of PET UVA, a masterbatch that offers protection to the packaging contents from harmful UV light, thereby keeping the food fresher, extending product shelf life, and limiting waste. The company also offers UVA in PP and PE.
• In June 2023, Ampacet unveiled the introduction of a new additive - AA Scavenger 0846, designed particularly for restricting the acetaldehyde levels in both PET and rPET bottles. This product launch was aimed at supporting the sustainability efforts of the company in the packaging industry by encouraging the use of recycled materials and reducing waste.
• In April 2023, Penn, Color, Inc. announced the commencement of its world-class facility in Rayong Province, Thailand in order to expand its manufacturing capabilities. The objective of this new plant was to enable the company to deliver high-quality colorant & additive masterbatches across the Asia-Pacific market.
• In May 2023, Cabot Corporation launched its new aerogel particles portfolio - ENTERA, which acts as a thermal insulation additive for enabling the development of ultra-thin thermal barriers for Li-ion EV batteries. The portfolio comprises three products that can be integrated into different thermal barrier forms, including, sheets, blankets, pads, foams, films, and coatings.
• In March 2023, Cabot Corporation announced the launch of its sustainable solutions platform - EVOLVE. This platform was aimed at developing sustainable reinforcing carbons for varied industries and curating materials that enable a more sustainable future by leveraging circular value chains & materials recovered from worn tires, bio-based and renewable materials, and processes that limit greenhouse gas emissions.
• In October 2022, Clariant launched new additive solutions at K 2022 to reinforce more sustainable plastics and decrease resource use. These new developments include Licowax AS 100 TP - an anti-scratch additive for polypropylene and thermoplastic olefins formulations, AddWorks AGC 970 - a light stabilizer for polyethylene agricultural films, and Licocare RBW 560 TP Vita a bio-based wax for injection molded polyester compounds.
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"Masterbatch Market Forecast: $22.8 Billion by 2031"
Meticulous Research®, a renowned global market research organization, recently released a comprehensive study titled, "Masterbatch Market Size, Share, Forecast, & Trends Analysis by Product (Color, Additive, White, Black), Type (Biodegradable), Polymer (PE, PA, PP, PVC, PS, PUR, PET, PVDF), End User (Consumer Electronics, Packaging) - Global Forecast to 2031."
This latest report from Meticulous Research® indicates that the global masterbatch market is anticipated to reach a valuation of $22.8 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2024 to 2031.
The expansion of this market is primarily driven by increasing demand for plastics with specific functional additives, the rising need for customized colors, textures, and properties in plastic products, and the growing application of plastics across various industrial sectors. Nevertheless, the market faces constraints due to heightened awareness of environmental pollution caused by plastics. On a more positive note, the rising demand for biodegradable and sustainable masterbatch solutions and the need for safe, hygienic packaging materials, especially in the healthcare and food sectors, are expected to present growth opportunities. However, the scarcity of biodegradable masterbatch options remains a significant challenge for industry participants.
Additionally, Meticulous Research® highlights that the inclusion of antimicrobial solutions in masterbatch formulations and the growing trend of customized masterbatch solutions are gaining traction in the market.
The masterbatch market is meticulously segmented by product, type, polymer, and end-user, offering a detailed analysis of industry competitors and market dynamics at regional and country levels.
According to Meticulous Research®, the market is segmented by product into color, additive, white, black, filler, UV, and other products. The color segment is poised to dominate the market, accounting for over 23.0% of the market share in 2024. This dominance is attributed to the increasing demand for customized colors across various industries, the growing emphasis on visual appeal in consumer products, the need for consistent color branding, and the requirement for color-coded products for easier identification and adherence to safety standards.
The UV segment, however, is expected to exhibit the highest growth rate during the 2024–2031 period. This growth is driven by a growing awareness of the detrimental effects of UV radiation on plastics, government regulations mandating UV protection, and a rising demand for UV masterbatch products that enhance the longevity and durability of plastics exposed to outdoor conditions.
Meticulous Research® further categorizes the market by type into biodegradable and non-biodegradable masterbatches. The non-biodegradable segment is expected to lead the market in 2024, accounting for over 24.0% of the market share. The popularity of this segment is due to the lower cost, high durability, and long shelf life of non-biodegradable plastics, making them ideal for applications that require long-term use and resistance to environmental factors. This segment also sees growing demand in end-use industries like packaging, automotive, and consumer electronics.
Nevertheless, the biodegradable segment is anticipated to grow at a faster rate during the forecast period, driven by the increasing preference for sustainable alternatives to conventional plastics, innovations in biodegradable polymers and processing technologies, and government policies that discourage single-use plastics in favor of biodegradable materials in packaging.
According to Meticulous Research®, the market is also segmented by polymer, with categories including polyethylene (PE), polyamide (PA), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), polyurethane (PUR), polyethylene terephthalate (PET), polybutylene terephthalate (PBT), ethylene vinyl acetate (EVA), polyvinylidene fluoride (PVDF), polyether ether ketone (PEEK), acrylonitrile butadiene styrene (ABS), and others. The polyethylene segment is expected to hold the largest share, over 24.0%, of the market in 2024. This can be attributed to the widespread use of polyethylene masterbatch products in packaging, automotive, and agricultural applications, thanks to their cost-effectiveness, versatility, and durability.
However, Meticulous Research® projects that the polyethylene terephthalate (PET) segment will experience the highest growth rate during the forecast period. PET masterbatch products are increasingly favored for their clarity, light weight, recyclability, moisture resistance, and other properties, which make them highly suitable for applications in medical packaging, textiles, and electronics.
Lastly, Meticulous Research® examines the market based on end-user industries. The market is divided into segments such as building and construction, consumer electronics, automotive, textiles, agriculture, aerospace, packaging, medical devices, and others. Packaging manufacturers are expected to lead the market, capturing over 38.0% of the market share in 2024. The adoption of masterbatch products by packaging manufacturers to enhance recyclability, biodegradability, and overall environmental performance is a major driving factor. The rise of e-commerce and online retail also boosts demand for protective and visually appealing packaging materials.
Meanwhile, the consumer electronics segment is predicted to see the highest growth rate during the 2024–2031 period. Meticulous Research® attributes this to the increasing use of masterbatch additives in electronics manufacturing for various purposes such as coloration, surface finishing, reinforcement, flame retardancy, and UV protection, alongside advancements in smart electronics, IoT devices, and 3D printing.
Geographically, Meticulous Research® segments the market into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to hold the largest share of over 36.0% in 2024, followed by Europe and North America. The region's dominance is attributed to factors like rising automotive production, rapid growth in e-commerce, increased demand for plastic products, and the extensive use of masterbatch additives. Asia-Pacific is also expected to exhibit the highest growth rate, over 7.0%, during the forecast period.
Key Players:
The key players operating in the masterbatch market are Ampacet Corporation (U.S.), LyondellBasell Industries N.V. (Netherlands), Cabot Corporation (U.S.), PLASTIKA KRITIS (Greece), Plastiblends (India), Hubron International (U.K.), Tosaf Compounds Ltd. (Israel), Penn Color, Inc. (U.S.), Americhem (U.S.), Clariant International Ltd (Switzerland), RTP Company (U.S.), Gabriel-Chemie GmbH (Austria), Avient Corporation (U.S.), SOLTEX PETRO PRODUCTS LTD. (India), Budin Group (U.S.), Poddar Pigments Limited (India), and Exxon Mobil Corporation (U.S.).
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5849
Key Questions Answered in the Report:
Which are the high-growth market segments based on product, type, polymer, end user, and geography?
What was the historical market size for masterbatches globally?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the masterbatch market?
Who are the major players, and what shares do they hold in the masterbatch market?
What is the competitive landscape like in the masterbatch market?
What are the recent developments in the masterbatch market?
What are the growth strategies adopted by major players in the masterbatch market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global masterbatch market, and how do they compete with the other players?
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