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).
Additionally, encapsulation of chemical additives in masterbatch delivers various benefits such as protection from humidity, UV rays, and temperature during storage. The benefits offered by masterbatch considerably prolong additive shelf life, which in turn decreases material costs lost due to degradation.
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Some 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 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.
Market in Europe accounted for significantly large revenue share in 2020, due to growth of construction and automotive industries. In addition, rising demand for plastic products in countries in the region in driving market revenue growth.
The report concludes with a panoramic view of the global Masterbatch industry, which comprises the salient global and regional market aspects, supported by key statistical data and industry-verified facts. It thoroughly examines the market size, share, and volume existing throughout the historical years (2019-2020) in order to forecast the same for the projected years (2021-2028). Furthermore, the report studies a wide array of growth prospects and threats and challenges that are poised to influence the performance of the key market players in the near future.
Market Segmentation by Key Player:
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)
Polymer Outlook (Revenue, USD Billion; 2018–2028)
Low Density Polyethylene
Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
Building & Construction
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key points covered in the report:
The report provides the reader with a detailed study of the global Masterbatch market, including essential data beneficial for business.
The prominent factors driving and restraining market growth, latest product trends, and technological advancements have been extensively discussed by the authors of the report.
A broad market categorization, based on product type, application gamut, and end-user landscape, has been included in the report.
It further entails the latest product development, incorporation of new techniques, and profiles of major competitors in the market.
Table Of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Masterbatch Market Segmentation & Impact Analysis
4.1. Masterbatch Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
184.108.40.206. Growing demand for improving fuel-efficiency in automotive
220.127.116.11. Growth of building & construction industry
18.104.22.168. Growing demand for masterbatch in consumer goods
22.214.171.124. Increasing use of polyester fiber in textile industry
126.96.36.199. Rising disposable income
4.2.3. Market restraints analysis
188.8.131.52. Limitations of masterbatch
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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