Masterbatch Market Trend, Covid-19 Outbreak, Segmentation, Application, Region, Industry Share, Intended Audience and Forecast to 2025

Market Overview

The global market for masterbatch is set to reach USD 11,903.45 million by the end of 2023, asserts Market Research Future (MRFR). MRFR analysis also concludes that the global market is expected to grow at a CAGR of 5.54% during the forecast period (2018-2023). The future of the global market is likely to be lucrative owing to opportunities in numerous end-use industries, which include packaging, building and construction, consumer goods, transportation, electrical and electronics, and textile. Moreover, growing demand for plastic as substitutes for various materials like metal, concrete, and steel in various end-use industries has worked tremendously in favor of the market. Further, emerging trends like increasing demand of anti-shrinkage and flame retardant masterbatches for polypropylene (PP) pipes and polycarbonate (PC) sheets have had a direct impact on the dynamics of the global market, propelling the market growth.

On the flip side, strict government regulations to counteract the production of non-biodegradable materials are presumed to curb the market growth. However, looking at the current market scenario, it is safe to say the market is well on its way to higher levels on account of shifting consumer trend from sedentary to a healthier lifestyle. This trend, in particular, gives rise to growing demand in the packaged food and other retail products, as it helps address various concerns regarding unhealthy packaging like contamination of contained food. Also, rapid urbanization along with increasing standard of living of people in developing nations is expected to be highly instrumental for the market growth in the coming years.

Regional Outlook

Global Masterbatch Market Trend has been studied with respect to five key regions – Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominated the global market in 2017 with a 42.78% share and expects to reach USD 4,782.10 million by the end of 2023. The market in the region is presumed to grow at a modest CAGR of 6.13% on account of increasing demand for masterbatch in the packaging industry. Moreover, the growth trajectory can also be attributed to demand from the established automotive and transportation industry in the region. Rising consumer awareness coupled with favorable government initiatives in developing economies such as China, India, Malaysia, and South Korea have fueled the market growth as well.

On the other hand, North America is projected to be the second-largest masterbatch market, with the United States (U.S.) ruling the regional market. This position has been achieved due to the substantial growth in automotive, packaging and consumer goods industries. Hence, strong establishment of industries and strong presence of market players in the region have resulted in the remarkable performance of the market.

Europe is another substantial market where economies such as Germany, the UK, France, Italy, and Russia play significant roles in adding to this growth. Meanwhile, the markets in Latin America and the Middle East & Africa claimed relatively smaller shares of the global masterbatch market in 2017 due to undeveloped infrastructures, slow economic growth as well as slow industrialization.

Market Segmentation

Global Masterbatch Market, by Type

• Color
• White
• Black
• Additive

Global Masterbatch Market, by Application

• Packaging
• Consumer Products
• Building & Construction
• Automobile Industry
• Electrical & Electronics
• Others

Global Masterbatch Market, by Region

• North America
  • US
  • Canada

• Europe
  • Germany
  • UK
  • Russia
  • France
  • Spain
  • Italy
  • Belgium
  • The Netherlands
  • CIS
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Thailand
  • Australia & New Zealand
  • Rest of Asia-Pacific

• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

• Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa

Available Additional Customizations

• Company Profiles of Other Key Players
• Regulatory Framework of General Chemicals
• Raw Material Pricing Analysis
• Pricing Analysis

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Key Players

According to MRFR analysis, the key players in the global Masterbatch market are A. Schulman, Inc (US), Cabot Corporation (US), Clariant (Switzerland), PolyOne (US), Plastika Kritis SA (Greece), Ampacet corporation (US), Americhem, Inc (US), Astra Polymers (Saudi Arabia), ALOK (India), Hubron International (UK), GABRIEL-CHEMIE Group (Austria), Prayag Polytech (India), DongGuan HengCai Plastic Pigment Ltd (China), Plastiblends (India), POLYPLAST (Germany), GCR Group (Spain), Tosaf (Israel), RTP Company (US).

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.