Masterbatch Market

Preliminary research of Fairfield Market Research indicates a promising growth outlook for global masterbatch market during the course of next few years.

Rising Adoption of Plastics as a Viable Substitute of Metal to Pave the Potential Avenues for Masterbatch Market

With increasing focus towards sustainability, flexibility and efficiency, the demand for masterbatch has increased considerably. As businesses revert towards plastics as a viable replacement for metals across different industries, the prominence of masterbatch has spiked since the past few years. The ability of plastics to deliver superior technical and functional properties as compared to metals has fuelled their use across industries including construction and automotive among others. Moreover, plastics offer design flexibility, safety, and significant weight reduction, which widens their use in critical end use applications. For instance, engineering plastics are adopted in the automotive sector and used in several components such as airbags, steering wheels, dashboards, bumpers, and seatbelts. Also, aircraft manufacturers rely on lightweight plastics such as PC and PP hood, windows, and other interior applications. This aspect coupled with significant growth in the automotive industry and aerospace sector is expected to drive the growth of the masterbatch market in the forthcoming years.

Likewise, the demand for masterbatch in the construction sector is also expected to increase. In this sector, the use of polymeric compounds and plastics is expanding on the back of their functional properties. Their high tensile strength, robustness, high UV and weather resistance, high chemical resistance, superior antimicrobial property and long lasting service life has played a vital role in pushing their adoption in the building sector. Plastics are also commonly used in manufacturing of PVC profiles, PPR pipes, PVC pipes, insulation foam used in water storage tanks, glow signs and door indicators among others. That said, the expanding construction sector is likely to favour their demand. Furthermore, the growth of the market is influenced by the rising adoption of corrosion inhibitors and polycarbonates in various industrial applications across developed and developing regions. These factors remain instrumental in driving the growth of the masterbatch market worldwide and manufacturers can seek different strategies to tap untouched potential of the market, particularly in developing nations.

Rising Plastic Packaging Demand to Complement Masterbatch Market Growth

Plastic packaging has witnessed steady growth on the back of rising retail sector. Increase in retailing backed by significant proliferation of ecommerce platform has triggered demand for attractive and creative packaging formats. Moreover, industries such as food and beverages and pharmaceuticals are largely dependent on plastic packaging. This packaging type offers flexibility, firmness and supports in maintaining the shelf life of the food product thus preserving food quality.

In addition, the use of plastic packaging in drug delivery systems is also another aspect influencing the growth of the masterbatch market. Pharmaceutical companies have been increasingly adopting plastic packaging and labelling as a means of marketing and preserving their products. Furthermore, plastics offer high dimensional stability, superior moisture barrier, clarity, high stress resistance, low water absorption and high impact strength, flame, and heat resistance. This aspect is directly fuelling the demand for masterbatch as it is used to impart necessary functional qualities to plastics by integrating with base polymers. In this backdrop, growing use of plastic packaging in several industries such as pharmaceuticals and food and beverages is expected to bolster growth of the masterbatch market.

PP Carrier Polymer-based Masterbatch to Gain Significant Traction in Global Masterbatch Market

The use of PP (polypropylene) masterbatch has been increasing at a momentous pace since the past few years and is expected to surge going forward. As a carrier polymer, polypropylene offers exceptional flexibility and mechanical strength. In addition, it also improves the quality of surface, is light in weight and hence used as a replacement for metal components, especially in the automotive industry. The lightweight property can enhance the performance of the vehicle by improving fuel consumption and efficiency. It is also being widely used in the consumer goods sector as it reflects high antimicrobial resistance and flexibility. In addition, manufacturers of polypropylene are diverting their focus towards bio-based propylene from synthetic on the back of growing environmental concerns. These factors are expected to give an impetus to the use of polypropylene as carrier polymer for masterbatch.

Masterbatch Market to Witness a Notable Surge in Black Masterbatch Sales

From a revenue standpoint, the sale of black masterbatch is expected to remain high as compared to other types. This growth can be attributed towards growing demand or PCV containers, tyres and other applications across industries including packaging, construction, and transportation. In addition, the use of black masterbatch in several agricultural products such as greenhouse films, drip irrigation tape and tubing, geomembranes and shade cloth is expected to increase. Given this background, the sale of black masterbatch is expected to increase significantly in turn contributing towards revenue growth of the masterbatch market on the global front.

Asia Pacific Exacted to Lead the Pack in Global Masterbatch Market

The developing nations in the Asia Pacific are likely to showcase high inclination towards use of masterbatch. This can be attributed towards momentous growth across end use industries such as automotive, construction and packaging to name a few. Moreover, several macro economic factors such as rising customer pool, favourable business environment and availability of cheap land and labour have attracted several companies across these industries in the region, consequently expanding the adoption of masterbatch.

Masterbatch Market: Competitive Landscape

Few of the major players in the market include Ampacet Corporation, Clariant AG, Penn Colour Inc., PolyOne Corporation, Hubron International Ltd., and Plastibends.

The Global Masterbatch Market Is Segmented As Below:

By Type

• White
• Black
• Color
• Additive
• Filler

By Polymer

• Polypropylene (PP)
• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• Biodegradable Plastics
• Others

By Application

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

By Region

• North America

• U.S.
• Canada
• Mexico

• Europe

• UK
• France
• Germany
• Russia
• Rest of Europe

• Asia Pacific

• Japan
• South Korea
• India
• China
• Rest of Asia Pacific

• LAMEA

• Latin America
• Middle East
• Africa

Key Elements Included In The Study: Global Masterbatch Market

• Masterbatch Market by Product/Technology/Grade, Application/End-user, and Region
• Executive Summary (Opportunity Analysis and Key Trends)
• Historical Market Size and Estimates, Value and Volume, 2018 - 2021
• Volume Consumption at Regional and Country Level, 2022 - 2029
• Market Dynamics and Economic Overview
• Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2022 - 2029
• Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
• Regional and Product/Grade/Application/End-user Price Trends Analysis
• Production Output Analysis (Major Producing Regions)
• Key Trade Statistics (Import and Export)
• Value Chain and Five Force’s Analysis
• Regional/Sub-region/Country Market Size and Trend Analysis
• Company Market Share Analysis and Key Player Profiles

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Disclaimer:

• The segmentation/company profiles/countries depicted above may vary in the actual report.