Blueweave
Global Masterbatch Market Bwc20212

Global Masterbatch Market, By Type (Color Masterbatch, Additive Masterbatch, White Masterbatch, Black Masterbatch, Filler Masterbatch), By Polymer (Polypropylene (PP), Low-Density Polyethylene & Linear Low-Density Polyethylene (LDPE & LLDPE), High-Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), Polyurethane (PUR), Polyethylene Terephthalate (PET), Polystyrene (PS), Others), By Application (Packaging, Textile, Building & Construction, Agriculture, Consumer Goods, Automotive, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: September 2021
  • Report ID: BWC20212
  • Available Format: PDF
  • Page: 186

Report Overview

Global masterbatch market is gaining significant traction because of the driving factors such as the rapidly growing application of masterbatch in automobile and construction industries and the rising use of these polymers in the manufacturing of consumer goods industries

Global Masterbatch Market- Industry Trends & Forecast Report 2027

Global masterbatch market was worth USD 11.2 billion in 2020 and is projected to reach USD 15.7 billion by 2027, growing at a CAGR of 5.0% in the forecast period. The market is experiencing significant growth due to the rapidly growing use of masterbatch in automobile and construction industries and rising use of these polymers in consumer goods industries due to the increasing need for lightweight plastic raw materials.

Global Masterbatch Market

Source: BlueWeave Consulting

Global Masterbatch Market- Overview

Masterbatch is a solid or liquid additive added to plastics for coloring purposes or imposing other properties, such as antimicrobial features. A liquid masterbatch is a mixture of coloring agents or pigments that can color polymers or provide other desired properties. They come in black, white and different colors. Many end-user industries use masterbatches for their fire retardant, UV stabilized, anti-locking, and antistatic characteristics. A masterbatch improves the performance and quality of plastic and packaging materials.

Global Masterbatch Market Forecast and Trends

Growth Drivers

Shift from Metallic to Plastic Automobile Bodies

As plastics replace metal in the manufacturing of automobile bodies, the global masterbatch market is experiencing significant growth. The increasing production and penetration of electric vehicles are also contributing to the growing demand for masterbatches. Plastics are frequently used for manufacturing various crucial automotive components such as airbags, seat belts, bumpers, dashboards, etc., as it is lightweight and thus consumes less energy or fuel. Thus, the growing automobile industry is significantly propelling the global masterbatch market, especially in emerging economies.

Innovations in Masterbatch Production

The increasing demand for masterbatches in the market encourages manufacturers to adopt innovative technologies and expand their production. For instance, the emergence of color liquid compounding technologies has enabled formulators to produce masterbatches with unique color precision ranging from dark shades to vibrant hues only in a few easy steps. The color masterbatches produced through this technology offer cost-effectiveness along with high color precision. Such innovations are expected to expand its application in the end-user industries, driving its market growth.

Restraints

Growing Adoption of Sustainable and Environment-Friendly Materials

Increasing awareness of environmental issues and sustainable development is expected to impact demand for masterbatch negatively. Several countries are imposing a complete ban on plastic manufacturing and its products to eradicate single-use plastics from their respective countries completely. Masterbatches are extremely harmful to the environment as they are used with recycled and non-biodegradable plastics. Consequently, the government is imposing stringent regulations regarding plastic use, which threatens the market's growth.

Impact of COVID-19 on Global Masterbatch Market

Global masterbatch sales have been greatly affected by the COVID-19 pandemic. Due to the huge increase in the number of COVID-19 cases beyond the control of the healthcare system, several countries imposed complete lockdowns that halted all economic activities. Due to this, the manufacturing and production activities were restricted, resulting in a complete decline in masterbatch demand, which resulted in severe market losses. However, it is expected that the market will recover in the post-COVID-19 period as end-user industries resume business activities.

Global Masterbatch Market - By Type

Based on types, the global masterbatch market is segmented into color masterbatch, additive masterbatch, white masterbatch, black masterbatch, and filler masterbatch. The color masterbatch segment accounts for the largest market share as manufacturers prominently use them to color raw polymer economically during the plastics manufacturing process. They are often preferred over other types for their maximum capacity and processing ease. The additive masterbatch segment is also expected to grow at a high CAGR during the forecast period.

Global Masterbatch Market - By Polymer

Based on polymers, the global masterbatch market is segmented into polypropylene (PP), low-density polyethylene & linear low-density polyethylene (LDPE & LLDPE), high-density polyethylene (HDPE), polyvinyl chloride (PVC), polyurethane (PUR), polyethylene terephthalate (PET), polystyrene (PS), and others. Polyethylene holds the largest market share due to its availability in various forms, such as high-density, low-density, linear density polyethylene, etc., that are used for applications such as construction, automotive, packaging, etc. The polypropylene (PP) segment is estimated to gain significant traction during the forecast period.

Global Masterbatch Market - By Application

Based on applications, the global masterbatch market is segmented into packaging, textile, building & construction, agriculture, consumer goods, automotive, and others. The packaging segment accounts for the largest market share as the manufacturers of consumer goods significantly focus on attractive and colorful plastic packaging to attract customers and keep the price in control. Additionally, the automotive segment holds a significant share of the market, as automobile manufacturers are switching from metal bodies to plastic ones since the latter is lighter and has a more attractive appearance.

Global Masterbatch Market - Regional Insights

Geographically, the global masterbatch market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. A flourishing automotive industry and consumer goods manufacturing industry contributes to the dominance of the Asia-Pacific region in this market. Several emerging economies such as China and India are experiencing lucrative growth in the demand for low-cost polymers because of the increasing construction projects for infrastructural development activities. Moreover, the expansion of manufacturing and packaging in Asia-Pacific is also fueling masterbatch market growth.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global masterbatch market are Americhem Inc., A. Schulman Inc., Clariant AG, Ampacet Corporation, Cabot Corporation, Polyone Corporation (Group) Co., Ltd, Plastika Kritis S.A., GCR Group, Polyplast Mueller GmbH, Hubron International, Avient Corporation, Penn Color Inc., High Technology Masterbatches S.L., Dainichiseika Color & ChemicalS Mfg. Co., Ltd., CONSTAB, K.D. FEDDERSEN, Primex Color, Tosaf Compounds Ltd., Americhem, and other prominent players.

The market is highly fragmented, with the presence of several global and regional industry players. Local companies enjoy an edge in the local market. Companies invest heavily in R&D for product approvals and launch to stay competitive. Furthermore, the adoption of competitive strategies like partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

Recent Developments

  • In September 2021, Ampacet, a US-based chemical industry company, announced the launch of ProVital and ProVital + range of masterbatches for healthcare applications.
  • In August 2021, Tosaf Group’s Colloids Ltd., announced to have developed and launched a series of graphene thermoplastic masterbatches that includes base resins, such as polyolefins, PS, SAN, nylon 6, etc.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By Type, By Polymer, By Application, By Region

Key Players

Americhem Inc., A. Schulman Inc., Clariant AG, Ampacet Corporation, Cabot Corporation, Polyone Corporation(Group) Co., Ltd, Plastika Kritis S.A., GCR Group, Polyplast Mueller GmbH, Hubron International, Avient Corporation, Penn Color Inc., High Technology Masterbatches S.L., Dainichiseika Color & ChemicalS Mfg. Co., Ltd., CONSTAB, K.D. FEDDERSEN, Primex Color, Tosaf Compounds Ltd., Americhem, and other prominent players.

 

By Type

  • Color Masterbatch
  1. Specialty Color
  2. Tailor-Made Colors
  • Additive Masterbatch
  1. Antimicrobial Additive
  2. Antioxidant Additive
  3. Flame Retardant
  4. UV Stabilizer
  5. Foaming Agent/Blowing Agent
  6. Optical Brightener
  7. Nucleating Agent
  • White Masterbatch
  • Black Masterbatch
  • Filler Masterbatch

By Polymer

  • Polypropylene (PP)
  • Low-Density Polyethylene & Linear Low-Density Polyethylene (LDPE & LLDPE)
  • High-Density Polyethylene (HDPE)
  • Polyvinyl Chloride (PVC)
  • Polyurethane (PUR)
  • Polyethylene Terephthalate (PET)
  • Polystyrene (PS)
  • Others
  1. Polycarbonate (PC)
  2. Acrylonitrile Butadiene Styrene (ABS)
  3. Polyamide (PA)

By Application

  • Packaging
  • Textile
  • Building & Construction
  • Agriculture
  • Consumer Goods
  • Automotive
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Shift From Metallic To Plastic Automobile Bodies
        2. Innovations In Masterbatch Production
      2. Market Restraints
        1. Growing Adoption Of Sustainable And Environment-Friendly Materials
      3. Market Challenges
        1. Negative Impact of the COVID-19
      4. Market Opportunity
        1. Rising Application In Medical Industry
        2. Growing Construction Activities In Emerging Economies
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Global Masterbatch Market Overview
    1. Market Size & Forecast by Value, 2017-2027
    2. Market Size and Forecast, By Segment
      1. By Type
        1. Color Masterbatch
          1. Specialty Color
          2. Tailor-Made Colors
        2. Additive Masterbatch
          1. Antimicrobial Additive
          2. Antioxidant Additive
          3. Flame Retardant
          4. UV Stabilizer
          5. Foaming Agent/Blowing Agent
          6. Optical Brightener
          7. Nucleating Agent
        3. White Masterbatch
        4. Black Masterbatch
        5. Filler Masterbatch
      2. By Polymer
        1. Polypropylene (PP)
        2. Low-Density Polyethylene & Linear Low-Density Polyethylene (LDPE & LLDPE)
        3. High-Density Polyethylene (HDPE)
        4. Polyvinyl Chloride (PVC)
        5. Polyurethane (PUR)
        6. Polyethylene Terephthalate (PET)
        7. Polystyrene (PS)
        8. Others
          1. Polycarbonate (PC)
          2. Acrylonitrile Butadiene Styrene (ABS)
          3. Polyamide (PA)
      3. By Application
        1. Packaging
        2. Textile
        3. Building & Construction
        4. Agriculture
        5. Consumer Goods
        6. Automotive
        7. Others
      4. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Latin America
        5. Middle East & Africa
  6. North America Masterbatch Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Polymer
      3. By Application
      4. By Country
        1. U.S.
        2. Canada
  7. Europe Masterbatch Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Polymer
      3. By Application
      4. By Country
        1. Germany
        2. U.K.
        3. Russia
        4. France
        5. Italy
        6. Spain
        7. Rest of Europe
  8. APAC Masterbatch Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Polymer
      3. By Application
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Masterbatch Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Polymer
      3. By Application
      4. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Masterbatch Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
    3. By Type
    4. By Polymer
    5. By Application
    6. By Country
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking By Operating Parameters
  12. Impact of COVID-19 on Global Masterbatch Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Americhem Inc.
    2. A. Schulman Inc.
    3. Clariant AG
    4. Ampacet Corporation
    5. Cabot Corporation
    6. Polyone Corporation (Group) Co., Ltd
    7. Plastika Kritis S.A.
    8. GCR Group
    9. Polyplast Mueller GmbH
    10. Hubron International
    11. Avient Corporation
    12. Penn Color Inc.
    13. High Tecnology Masterbatches S.L.
    14. Dainichiseika Color & ChemicalS Mfg. Co.,Ltd.
    15. CONSTAB
    16. K.D. FEDDERSEN
    17. Primex Color
    18. Tosaf Compounds Ltd.
    19. Americhem
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

 

Figure 1: Global Masterbatch Segmentation

 

Figure 2: Global Masterbatch Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Global Masterbatch Market Size, By Value (USD Billion), 2020-2027

 

Figure 5: Global Masterbatch Market Share (%), By Type, By Value, 2020-2027

 

Figure 6: Global Masterbatch Market Share (%), By Polymer, By Value, 2020-2027

 

Figure 7: Global Masterbatch Market Share (%), By Application, By Value, 2020-2027

 

Figure 8: Global Masterbatch Market Share (%), By Region, By Value, 2020-2027

 

Figure 9: North America Masterbatch Market Size, By Value (USD Billion), 2020-2027

 

Figure 10: North America Masterbatch Market Share (%), By Type, By Value, 2020-2027

 

Figure 11: North America Masterbatch Market Share (%), By Polymer, By Value, 2020-2027

 

Figure 12: North America Masterbatch Market Share (%), By Application, By Value, 2020-2027

 

Figure 13: North America Masterbatch Market Share (%), By Country, By Value, 2020-2027

 

Figure 14: Europe Masterbatch Market Size, By Value (USD Billion), 2020-2027

 

Figure 15: Europe Masterbatch Market Share (%), By Type, By Value, 2020-2027

 

Figure 16: Europe Masterbatch Market Share (%), By Polymer, By Value, 2020-2027

 

Figure 17: Europe Masterbatch Market Share (%), By Application, By Value, 2020-2027

 

Figure 18: Europe Masterbatch Market Share (%), By Country, By Value, 2020-2027

 

Figure 19: the Asia-Pacific Masterbatch Market Size, By Value (USD Billion), 2020-2027

 

Figure 20: the Asia-Pacific Masterbatch Market Share (%), By Type, By Value, 2020-2027

 

Figure 21: the Asia-Pacific Masterbatch Market Share (%), By Polymer, By Value, 2020-2027

 

Figure 22: the Asia-Pacific Masterbatch Market Share (%), By Application, By Value, 2020-2027

 

Figure 23: the Asia-Pacific Masterbatch Market Share (%), By Country, By Value, 2020-2027

 

Figure 24: Latin America Masterbatch Market Size, By Value (USD Billion), 2020-2027

 

Figure 25: Latin America Masterbatch Market Share (%), By Type, By Value, 2020-2027

 

Figure 26: Latin America Masterbatch Market Share (%), By Polymer, By Value, 2020-2027

 

Figure 27: Latin America Masterbatch Market Share (%), By Application, By Value, 2020-2027

 

Figure 28: Latin America Masterbatch Market Share (%), By Country, By Value, 2020-2027

 

Figure 29: Middle East & Africa Masterbatch Market Size, By Value (USD Billion), 2020-2027

 

Figure 30: Middle East & Africa Masterbatch Market Share (%), By Type, By Value, 2020-2027

 

Figure 31: Middle East & Africa Masterbatch Market Share (%), By Polymer, By Value, 2020-2027

 

Figure 32: Middle East & Africa Masterbatch Market Share (%), By Application, By Value, 2020-2027

 

Figure 33: Middle East & Africa Masterbatch Market Share (%), By Region, By Value, 2020-2027

 

List of Tables

 

Table 1: Global Masterbatch Market Size, By Type, By Value, 2020-2027

 

Table 2: Global Masterbatch Market Size, By Polymer, By Value (USD Billion), 2020-2027

 

Table 3: Global Masterbatch Market Size, By Application, By Value (USD Billion), 2020-2027

 

Table 4: Global Masterbatch Market Size, By Region, By Value (USD Billion), 2020-2027

 

Table 5: North America Masterbatch Market Size, By Type, By Value (USD Billion), 2020-2027

 

Table 6: North America Masterbatch Market Size, By Polymer, By Value (USD Billion), 2020-2027

 

Table 7: North America Masterbatch Market Size, By Application, By Value (USD Billion), 2020-2027

 

Table 8: North America Masterbatch Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 9: Europe Masterbatch Market Size, By Type, By Value (USD Billion), 2020-2027

 

Table 10: Europe Masterbatch Market Size, By Polymer, By Value (USD Billion), 2020-2027

 

Table 11: Europe Masterbatch Market Size, By Application, By Value (USD Billion), 2020-2027

 

Table 12: Europe Masterbatch Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 13: the Asia-Pacific Masterbatch Market Size, By Type, By Value (USD Billion), 2020-2027

 

Table 14: the Asia-Pacific Masterbatch Market Size, By Polymer, By Value (USD Billion), 2020-2027

 

Table 15: the Asia-Pacific Masterbatch Market Size, By Application, By Value (USD Billion), 2020-2027

 

Table 16: the Asia-Pacific Masterbatch Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 17: Latin America Masterbatch Market Size, By Type, By Value (USD Billion), 2020-2027

 

Table 18: Latin America Masterbatch Market Size, By Polymer, By Value (USD Billion), 2020-2027

 

Table 19: Latin America Masterbatch Market Size, By Application, By Value (USD Billion), 2020-2027

 

Table 20: Latin America Masterbatch Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 21: The Middle-East & Africa Masterbatch Market Size, By Type, By Value (USD Billion), 2020-2027

 

Table 22: The Middle-East & Africa Masterbatch Market Size, By Polymer, By Value (USD Billion), 2020-2027

 

Table 23: The Middle-East & Africa Masterbatch Market Size, By Application, By Value (USD Billion), 2020-2027

 

Table 24: The Middle-East & Africa Masterbatch Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 25: Americhem Inc. Financial Analysis

Table 26: Americhem Inc. Business Overview

Table 27: A. Schulman Inc. Financial Analysis

Table 28: A. Schulman Inc. Business Overview

Table 29: Clariant AG Corporation Financial Analysis

Table 30: Clariant AG Corporation Business Overview

Table 31: Ampacet Corporation Financial Analysis

Table 32: Ampacet Corporation Business Overview

Table 33: Cabot Corporation Financial Analysis

Table 34: Cabot Corporation Business Overview

Table 35: Polyone Corporation (Group) Co., Ltd Financial Analysis

Table 36: Polyone Corporation (Group) Co., Ltd Business Overview

Table 37: Plastika Kritis S.A. Financial Analysis

Table 38: Plastika Kritis S.A. Business Overview

Table 39: GCR Group Financial Analysis

Table 40: GCR Group Business Overview

Table 41: Polyplast Mueller GmbH Financial Analysis

Table 42: Polyplast Mueller GmbH Business Overview

Table 43: Hubron International Financial Analysis

Table 44: Hubron International Business Overview

Table 45: Avient Corporation Financial Analysis

Table 46: Avient Corporation Financial Analysis

Table 47: Penn Color Inc. Financial Analysis

Table 48: Penn Color Inc. Business Overview

Table 49: High Tecnology Masterbatches S.L. Financial Analysis

Table 50: High Tecnology Masterbatches S.L. Business Overview

Table 51: Dainichiseika Color & ChemicalS Mfg. Co.,Ltd. Financial Analysis

Table 52: Dainichiseika Color & ChemicalS Mfg. Co.,Ltd. Business Overview

Table 53: CONSTAB Financial Analysis

Table 54: CONSTAB Business Overview

Table 55: K.D. FEDDERSEN Financial Analysis

Table 56: K.D. FEDDERSEN Business Overview

Table 57: Primex Color Financial Analysis

Table 58: Primex Color Business Overview

Table 59: Tosaf Compounds Ltd.  Financial Analysis

Table 60: Tosaf Compounds Ltd.  Business Overview

Table 61: Americhem Financial Analysis

Table 62: Americhem Business Overvie

Market Segmentation

By Type

  • Color Masterbatch
  1. Specialty Color
  2. Tailor-Made Colors
  • Additive Masterbatch
  1. Antimicrobial Additive
  2. Antioxidant Additive
  3. Flame Retardant
  4. UV Stabilizer
  5. Foaming Agent/Blowing Agent
  6. Optical Brightener
  7. Nucleating Agent
  • White Masterbatch
  • Black Masterbatch
  • Filler Masterbatch

By Polymer

  • Polypropylene (PP)
  • Low-Density Polyethylene & Linear Low-Density Polyethylene (LDPE & LLDPE)
  • High-Density Polyethylene (HDPE)
  • Polyvinyl Chloride (PVC)
  • Polyurethane (PUR)
  • Polyethylene Terephthalate (PET)
  • Polystyrene (PS)
  • Others
  1. Polycarbonate (PC)
  2. Acrylonitrile Butadiene Styrene (ABS)
  3. Polyamide (PA)

By Application

  • Packaging
  • Textile
  • Building & Construction
  • Agriculture
  • Consumer Goods
  • Automotive
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
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Frequently Asked Questions:

Ans: Global masterbatch market reached USD 11.2 billion in 2020.
Ans: The major factors driving the growth of the global masterbatch market are; shift from metallic to plastic automobile bodies and innovations in masterbatch production.
Ans: The key players in the global masterbatch market are: Americhem Inc., A. Schulman Inc., Clariant AG, Ampacet Corporation, Cabot Corporation, Polyone Corporation (Group) Co., Ltd, Plastika Kritis S.A., GCR Group, Polyplast Mueller GmbH, Hubron International, Avient Corporation, Penn Color Inc., High Technology masterbatches S.L., Dainichiseika Color & ChemicalS Mfg. Co., Ltd., CONSTAB, K.D. FEDDERSEN, Primex Color, Tosaf Compounds Ltd., Americhem, and other prominent players.
Ans: The packaging segment accounted for the largest share in the global masterbatch market.
Ans: Asia-Pacific has the largest share in the global masterbatch market.