The global masterbatch market size is expected to reach USD 16.31 Billion in 2028 and register a revenue CAGR of 4.8% over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising demand for masterbatch in production of wires for use across various end-use industries, rising focus on improving fuel-efficiency of vehicles, and increasing demand for packaging materials. Increasing concerns and initiatives to reduce air pollution and environmental impacts due to automotive emissions is driving a steady shift towards Electric Vehicles (EVs). This trend is also leading to incorporation of more lightweight and high-performance components in vehicles, especially in automotive wires, which in turn would require novel formulations and materials such as masterbatch.
The report studies the factors influencing the growth of the industry in the global Masterbatch Market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the Masterbatch Market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
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Key Highlights from the Report
- In December 2019, PolyOne Corporation made an announcement about signing an agreement for acquisition of color and additive masterbatch business of Clariant.
- Among the product type segments, additive segment accounted for significantly large revenue share in 2020. Additive masterbatch prevents degradation due to heat and offers protection from oxidation and UV rays. Also, it provides excellent resistance to fire and electricity.
- Among the industry vertical segments, building construction segment accounted for second-largest revenue share in 2020. Black masterbatches are commonly used inn deck railings, tubing, pipes, and fencing. Masterbatches prevents corrosion caused to building end-products due to chemicals and also improves wear and tear resistance.
Scope of the Report:
With all the data gathered and analyzed using SWOT analysis, there was a clearer picture of the competitive landscape of the global Masterbatch provider market. Sources for the future market growth were uncovered and outlying competitive threats also surfaced. There was strategic direction eminent in the market and this shows in the key trends and developments studied. By getting market background and using current norms, policies, and trends of other leading markets for cross-references, market data was completed.
Some major players in the market include LyondellBasell Industrial NV, Plastika Kritis SA, Avient Corporation, Tosaf Group, Ampacet Corporation, Cabot Corporation, Americhem Inc., Hubron International, PENN Color Inc., and Vanetti SPA.
Emergen Research has segmented the global masterbatch market on the basis of product type, polymer, industry vertical, and region:
Product Type Outlook (Revenue, USD Billion; 2018–2028)
- White
- Black
- Color
- Additive
- Filler
Polymer Outlook (Revenue, USD Billion; 2018–2028)
- Polypropylene
- High-density Polyethylene
- Low Density Polyethylene
- Polyvinyl Chloride
- Polyethylene Terephthalate
- Polystyrene
- Polyurethane
- Others
Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
- Building Construction
- Packaging
- Automotive
- Textile
- Consumer Goods
- Agriculture
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