Major factors driving the growth of the market include the cost-effectiveness of masterbatches, rapid industrialization in emerging countries, increasing use of plastics, investments in developing environmentally friendly products and manufacturing processes and widening applications. On the other hand, competition from small and domestic players, fluctuations in raw material prices, and stringent government regulations act as market deterrents.
Masterbatch is a solid or liquid additive for imparting coloring and adding specific properties to base polymer in plastic manufacturing. Economically, these concentrated mixtures boost the appearance and performance of the polymer. Accordingly, these are preferred over other coloring options such as powders, pastes, and fluid additives as these alternatives have low consistency, low repeatability, and poor hygiene levels. During different processes including molding, injection molding, or extrusion processes, masterbatches add standard, specialty, and customized colors to the plastic. Resins such as polyethylene, polypropylene, and polystyrene are used in the process to obtain the required properties. Different types of masterbatches find applications globally- including White, Color, Black, and Additive types. masterbatches are used in various end-use industries for different applications including Packaging, Construction, Automotive, Consumer Goods, and others.
GLOBAL MASTERBATCH MARKET GROWTH OUTLOOK, 2020- 2030
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Globalization in the automotive and transportation industry resulted in increased adoption of engineered plastics, which is strengthening the demand for color and additive masterbatches and compounds. Both interior and exterior designing segments remain lucrative markets for masterbatch manufacturers.
To improve the functionality of vehicle’s exterior products, improve fuel efficiency and add a luxurious feel to the interiors Instrument Panels, Doors, bumpers, dashboards, Overhead Consoles, and others increasingly deploy masterbatch solutions. CAFÉ regulations in North America and the drive towards fuel efficiency across markets will support the use of plastics, which drives masterbatch market growth. Companies such as Americhem, Tosaf, Clariant, and others are emphasizing providing end-to-end customized solutions for their clients. This will provide strong support for overall masterbatch market revenue growth.
The global masterbatch market is witnessing increased applications, in particular, in industries with demand for high-performance products. Masterbatch imparts additional functionalities and significantly improves the appearance of the polymers during the manufacturing process. Innovation and demand for lightweight materials are encouraging the replacement of metals with plastics. Masterbatch manufacturers find demand from the packaging industry, retail, industrial, institutional, automotive, Electronic Appliances, and consumer goods sectors. Further, the construction industry is also steadily adopting color and additive masterbatches, for manufacturing PVC & PPR pipes, roofing, house wrap, stadium seating, fencing, decking, wire & cable, and others.
E-retail has emerged as a major sales channel for consumer, retail, and healthcare goods. With the increasing e-commerce market size, the need for packaging is increasing steadily, which will drive the demand for masterbatches. However, with companies aiming to lower their plastic usage in e-commerce packaging, this can provide challenges for further growth.
By Type
By Application
By Region
*List not exhaustive
Masterbatch Market Outlook 2024
1 Market Overview
1.1 Introduction to Masterbatch Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Masterbatch Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Masterbatch Market Companies with Area Served
4.2.2 Products Offerings Global Masterbatch Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Masterbatch Market Trends
6.1 Global Masterbatch Revenue (USD Million) and CAGR (%) by Type (2018-2028)
6.2 Global Masterbatch Revenue (USD Million) and CAGR (%) by Applications (2018-2028)
6.3 Global Masterbatch Revenue (USD Million) and CAGR (%) by Regions (2018-2028)
7 Global Masterbatch Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Masterbatch Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Masterbatch Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Masterbatch Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Masterbatch Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Masterbatch Development Regional Status and Outlook
8.1 Global Masterbatch Revenue (USD Million) By Regions (2018-2022)
8.2 North America Masterbatch Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Masterbatch Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Masterbatch Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Masterbatch Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Masterbatch Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Masterbatch Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Masterbatch Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Masterbatch Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Masterbatch Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Masterbatch Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Masterbatch Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Masterbatch Revenue (USD Million) by Applications (2018-2022)
8.5 South America Masterbatch Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Masterbatch Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Masterbatch Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Masterbatch Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Masterbatch Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Masterbatch Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Masterbatch Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Masterbatch Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Masterbatch Market Revenue (USD Million), by Type, and Applications (2023-2028)
10.1 Global Masterbatch Revenue (USD Million) and Market Share (%) by Type (2023-2028)
10.1.1 Global Masterbatch Revenue (USD Million), and Market Share (%) by Type (2023-2028)
10.2 Global Masterbatch Revenue (USD Million) and Market Share (%) by Applications (2023-2028)
10.2.1 Global Masterbatch Revenue (USD Million), and Market Share (%) by Applications (2023-2028)
11 Global Masterbatch Development Regional Status and Outlook Forecast
11.1 Global Masterbatch Revenue (USD Million) By Regions (2023-2028)
11.2 North America Masterbatch Revenue (USD Million) by Type, and Applications (2023-2028)
11.2.1 North America Masterbatch Revenue (USD) Million by Country (2023-2028)
11.2.2 North America Masterbatch Revenue (USD Million), by Type (2023-2028)
11.2.3 North America Masterbatch Revenue (USD Million), Market Share (%) by Applications (2023-2028)
11.3 Europe Masterbatch Revenue (USD Million), by Type, and Applications (2023-2028)
11.3.1 Europe Masterbatch Revenue (USD Million), by Country (2023-2028)
11.3.2 Europe Masterbatch Revenue (USD Million), by Type (2023-2028)
11.3.3 Europe Masterbatch Revenue (USD Million), by Applications (2023-2028)
11.4 Asia Pacific Masterbatch Revenue (USD Million) by Type, and Applications (2023-2028)
11.4.1 Asia Pacific Masterbatch Revenue (USD Million), by Country (2023-2028)
11.4.2 Asia Pacific Masterbatch Revenue (USD Million), by Type (2023-2028)
11.4.3 Asia Pacific Masterbatch Revenue (USD Million), by Applications (2023-2028)
11.5 South America Masterbatch Revenue (USD Million), by Type, and Applications (2023-2028)
11.5.1 South America Masterbatch Revenue (USD Million), by Country (2023-2028)
11.5.2 South America Masterbatch Revenue (USD Million), by Type (2023-2028)
11.5.3 South America Masterbatch Revenue (USD Million), by Applications (2023-2028)
11.6 Middle East and Africa Masterbatch Revenue (USD Million), by Type, and Applications (2023-2028)
11.6.1 Middle East and Africa Masterbatch Revenue (USD Million), by Region (2023-2028)
11.6.2 Middle East and Africa Masterbatch Revenue (USD Million), by Type (2023-2028)
11.6.3 Middle East and Africa Masterbatch Revenue (USD Million), by Applications (2023-2028)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List Of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Masterbatch Market Companies with Areas Served
Table 3 Products Offerings Global Masterbatch Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Masterbatch Revenue (USD Million) And CAGR (%) By Type (2018-2028)
Table 8 Global Masterbatch Revenue (USD Million) And CAGR (%) By Applications (2018-2028)
Table 9 Global Masterbatch Revenue (USD Million) And CAGR (%) By Regions (2018-2028)
Table 10 Global Masterbatch Revenue (USD Million) By Type (2018-2022)
Table 11 Global Masterbatch Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Masterbatch Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Masterbatch Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Masterbatch Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Masterbatch Market Share (%) By Regions (2018-2022)
Table 16 North America Masterbatch Revenue (USD Million) By Country (2018-2022)
Table 17 North America Masterbatch Revenue (USD Million) By Type (2018-2022)
Table 18 North America Masterbatch Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Masterbatch Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Masterbatch Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Masterbatch Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Masterbatch Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Masterbatch Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Masterbatch Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Masterbatch Revenue (USD Million) By Country (2018-2022)
Table 26 South America Masterbatch Revenue (USD Million) By Type (2018-2022)
Table 27 South America Masterbatch Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Masterbatch Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Masterbatch Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Masterbatch Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Masterbatch Revenue (USD Million) By Type (2023-2028)
Table 33 Global Masterbatch Revenue Market Share (%) By Type (2023-2028)
Table 34 Global Masterbatch Revenue (USD Million) By Applications (2023-2028)
Table 35 Global Masterbatch Revenue Market Share (%) By Applications (2023-2028)
Table 36 Global Masterbatch Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2028)
Table 37 North America Masterbatch Revenue (USD)By Country (2023-2028)
Table 38 North America Masterbatch Revenue (USD Million) By Type (2023-2028)
Table 39 North America Masterbatch Revenue (USD Million) By Applications (2023-2028)
Table 40 Europe Masterbatch Revenue (USD Million) By Country (2023-2028)
Table 41 Europe Masterbatch Revenue (USD Million) By Type (2023-2028)
Table 42 Europe Masterbatch Revenue (USD Million) By Applications (2023-2028)
Table 43 Asia Pacific Masterbatch Revenue (USD Million) By Country (2023-2028)
Table 44 Asia Pacific Masterbatch Revenue (USD Million) By Type (2023-2028)
Table 45 Asia Pacific Masterbatch Revenue (USD Million) By Applications (2023-2028)
Table 46 South America Masterbatch Revenue (USD Million) By Country (2023-2028)
Table 47 South America Masterbatch Revenue (USD Million) By Type (2023-2028)
Table 48 South America Masterbatch Revenue (USD Million) By Applications (2023-2028)
Table 49 Middle East and Africa Masterbatch Revenue (USD Million) By Region (2023-2028)
Table 50 Middle East and Africa Masterbatch Revenue (USD Million) By Region (2023-2028)
Table 51 Middle East and Africa Masterbatch Revenue (USD Million) By Type (2023-2028)
Table 52 Middle East and Africa Masterbatch Revenue (USD Million) By Applications (2023-2028)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List Of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Masterbatch Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Masterbatch Revenue Market Share (%) By Type (2022)
Figure 5 Global Masterbatch Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Masterbatch Revenue Market Share (%) By Applications (2022)
Figure 7 Global Masterbatch Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Masterbatch Market Share (%) By Regions (2022)
Figure 9 North America Masterbatch Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Masterbatch Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Masterbatch Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Masterbatch Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Masterbatch Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Masterbatch Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Masterbatch Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Masterbatch Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Masterbatch Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Masterbatch Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Masterbatch Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Masterbatch Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Masterbatch Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Masterbatch Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Masterbatch Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Masterbatch Revenue (USD Million) By Type (2023-2028)
Figure 25 Global Masterbatch Revenue Market Share (%) By Type (2028)
Figure 26 Global Masterbatch Revenue (USD Million) By Applications (2023-2028)
Figure 27 Global Masterbatch Revenue Market Share (%) By Applications (2028)
Figure 28 Global Masterbatch Market Revenue (USD Million) By Regions (2023-2028)
Figure 29 North America Masterbatch Revenue (USD Million) By Country (2023-2028)
Figure 30 North America Masterbatch Revenue (USD Million) By Type (2023-2028)
Figure 31 North America Masterbatch Revenue (USD Million) By Applications (2023-2028)
Figure 32 Europe Masterbatch Revenue (USD Million) By Country (2023-2028)
Figure 33 Europe Masterbatch Revenue (USD Million) By Type (2023-2028)
Figure 34 Europe Masterbatch Revenue (USD Million) By Applications (2023-2028)
Figure 35 Asia Pacific Masterbatch Revenue (USD Million) By Country (2023-2028)
Figure 36 Asia Pacific Masterbatch Revenue (USD Million) By Type (2023-2028)
Figure 37 Asia Pacific Masterbatch Revenue (USD Million) By Applications (2023-2028)
Figure 38 South America Masterbatch Revenue (USD Million) By Country (2023-2028)
Figure 39 South America Masterbatch Revenue (USD Million) By Type (2023-2028)
Figure 40 South America Masterbatch Revenue (USD Million) By Applications (2023-2028)
Figure 41 Middle East and Africa Masterbatch Revenue (USD Million) By Region (2023-2028)
Figure 42 Middle East and Africa Masterbatch Revenue (USD Million) By Region (2023-2028)
Figure 43 Middle East and Africa Masterbatch Revenue (USD Million) By Type (2023-2028)
Figure 44 Middle East and Africa Masterbatch Revenue (USD Million) By Applications (2023-2028)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
By Type
By Application
By Region
The global market size for masterbatches is valued at $14.3 billion in 2022.
The market is poised to register 5.8% growth over the forecast period from 2023 to 2030.
PolyOne Corporation, Cabot Corporation, Ampacet Corporation, Clariant AG, LyondellBasell Industries NV., Global Colors Group, Hubron International Ltd., Plastiblends India Ltd., Tosaf Group, Penn Color, Inc.
Automotive application, Additive, and Asia Pacific are the fastest-growing segments in the market.