Masterbatch Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Masterbatch Market

The masterbatch market size was valued at USD 10.99 billion in 2018, and the market is now projected tgrow USD 16.35 billion in 2026 exhibiting a CAGR of 5.3% during the forecast period of 2024-2032.

The COVID-19 pandemic had favorable and unfavorable effects on the development of the masterbatch market. The decline in production activities or manufacturing disruption and challenges affecting supply chains caused a slight setback in market growth; however, the increasing need for packaging products, medical equipment or hygiene products made the market gradually gain traction again. Growing importance of sustainable and functional packaging pushed the development of masterbatch solutions even further. Also, the change in consumer buying behavior from grocery stores shifted towards online deliveries and e-commerce firmed up the demand for versatile and reasonable packaging that in turn favored this industry. This indeed provides an indication of the future stability and steady growth of the masterbatch market due tglobal economy stability which is experienced across the world.

The global packaging’s made from plastics are expanding because fresh retail forms, including the organized retail option, improves the use of specified plastics packaging forms. The food and beverages sector that remains a major consumer and user of plastics uses plastics tfacilitate quality of the food items and textend shelf-life of the foodstuffs etc. Prepared meals are alsexpected tclosely follow, and sthe demand is going tincrease dramatically. This drugs’ manufacturing and distribution sector is another significant customer of plastic packaging and is alsrapidly growing indicating market growth. In combination, these sectors are slowly but surely increasing the market size and worth of plastic packaging.

The construction industry is the world’s largest buyer of raw materials with a projected growth rate of 4.2% per annum arising from increased residential, non-residential and infrastructure projects. This growth can be linked tan up surging global building activities as well as infrastructure investments in the transport, telecommunication, and energy sectors. According tthe analysis of Fitch Sultan, an affiliate at Fitch Ratings, China construction industry was driven by government infrastructure expenditure in 2018. Likewise, speech from the building sector of Thailand and South East Asia been that it recovered in the year 2018, but there would be improved growth due timproved public infrastructure investments. They all supplement one another and therefore collectively create a strong foundation for construction industries texpand across the globe.

Comprehensive Analysis of Masterbatch Market

The masterbatch market growth is alsincreasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near tthe industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, by polymer analysis and by end-user analysis. By type analysis incudes white, black, color, additive, and fillers. By polymer analysis incudes polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, and others. By end-user analysis incudes packaging, building & construction, consumer good, automotive, agriculture, and others.

The Asia Pacific region lead the masterbatch market share by benefitting a market size of USD 1.98 billion in 2018 due tthe increasing demand for plastic goods.

Top players in the market have their responsibility of chemicals & advanced materials industrial prospectus growth of the retailing industry and the markets. These players include, Clariant, Ampacet Corporation, A. Schulman, Inc., PolyOne, Cabot Corporation, PLASTIKA KRITIS S.A., Plastiblends, Hubron International, Tosaf, and Penn Color Inc. these market players provide a level-playing competitive landscape.

In December 2019, PolyOne Corporation acquired Clariant Color and Masterbatch Additives Company tstrengthen its specialized solutions for high-growth markets like packaging, apparel, and healthcare.

Segmentation Table

ATTRIBUTE DETAILS

Study Period - 2015-2026

Base Year - 2018

Forecast Period - 2019-2026

Historical Period - 2015-2017

Unit - Value (USD Million) and Volume (KilTons)

Segmentation By Type

• White
• Black
• Color
• Additive
• Fillers

By Polymer

• Polyethylene
• Polypropylene
• Polyvinyl Chloride
• Polyethylene Terephthalate
• Others

By End-Use

• Packaging
• Building & Construction
• Consumer Good
• Automotive
• Agriculture
• Others

By Geography

• North America (the U.S., and Canada)
• Europe (Germany, UK, France, Italy, Spain, Russia & CIS, and the Rest of Europe)
• Asia Pacific (China, India, Japan, ASEAN, and the Rest of Asia Pacific)
• Latin America (Brazil, Mexico, and the Rest of Latin America)
• Middle East & Africa (South Africa, GCC, and the Rest of Middle East & Africa)

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