31-Aug-2022 | Facts and Factors
According to Facts and Factors, the global additive masterbatch market size was worth USD 3,792.50 million in 2021 and is estimated to grow to USD 5289.02 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.70% over the forecast period. The report analyzes the additive masterbatch market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the additive masterbatch market.
A masterbatch is a potent combination of pigments and additives that has been heated up and encapsulated in a carrier resin before being cooled and chopped into granules. When making plastic, masterbatch enables the processor to color raw polymer inexpensively. Additive masterbatch is employed to manufacture packaging that meets industry standards and criteria. The need for additive masterbatch is expected to increase due to the packaging industry's fast expansion and the rising demand for efficient packaging materials. A masterbatch is a solid or liquid plastic additive that gives the plastic a certain color or quality. It is a concentrated mixture of dyes or additives that are heated into a carrier resin, which is then condensed during the cooling process and cut into the desired shape. Masterbatches enable the technique to color raw polymer inexpensively while making plastic. Additive masterbatch is a new, cutting-edge invention on the market. The growing need for new products drives the market for additive masterbatch.
Browse the full “Additive Masterbatch Market Size, Share, Growth Analysis Report By Type (Antimicrobial, Antioxidant, Flame-retardant, Others), By Carrier Resin (Polyethylene, Polypropylene, Polystyrene, Others), By End-use Industry (Packaging, Automotive, Consumer Goods, Building & Construction, Agriculture, Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/additive-masterbatch-market
The market for additive masterbatch is being investigated by the rise in high-quality and long-lasting goods. The massive increase in the usage of plastics and the demand for light packaging are driving up the price of additive masterbatch. The pharmaceutical, food, and customer asset packaging and end-use industries are boosting the additive masterbatch market. Despite this stringent law, the growing awareness of the need for plastics to be used sparingly may act as a barrier to the growth of the goods business. The use of plastic products is practically prohibited in many countries, which might currently be a limitation on business. Numerous opportunities are expected to arise in the future due to the significant order for the masterbatches used in the production of food and alcohol packaging.
The global additive masterbatch market is segregated based on type, carrier resin, end-user industry, and region. The market is segmented by type: antimicrobial, antioxidant, flame-retardant, and others. Antimicrobial segments will dominate the market in 2021. Based on carrier resin, the market is segmented into polyethylene, polypropylene, polystyrene, and others. The polyethylene segment dominates the market in 2021. Based on the end-user industry, the market is segmented into packaging, automotive, consumer goods, building & construction, agriculture, and others. The Packaging segment dominates the market in 2021.
The additive masterbatch is divided into five regions: Middle East & Africa, Europe, North America, Asia Pacific, and Latin America. Due to a rise in plastic usage in this area, Asia Pacific is the largest stakeholder in the additive masterbatch market in 2021. The increase in demand results from several end-use industries, such as packaging, building and construction, automotive and transportation, and consumer goods. It is projected that the growth of these businesses will raise consumer demand for the product during the next eight years. The Asia Pacific will hold the largest market share due to European automakers moving to Asia's low-cost markets and the construction of vehicle production facilities in this region.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 3,792.50 Million |
Projected Market Size in 2028 |
USD 5289.02 Million |
CAGR Growth Rate |
5.70% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Clariant AG, Schulman Inc., Polyone Corporation, Plastika Kritis S.A., Plastiblends India Ltd., Ampacet Corporation, DOW Corning Corporation, O'neil Color & Compounding, Penn Color Inc., Polyplast Muller GmbH, RTP Company, Tosaf Group, and Others |
Key Segment |
By Type, Carrier Resin, End-use Industry, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Key players in the global additive masterbatch market include Clariant AG, Schulman, Inc., Polyone Corporation, Plastika Kritis S.A., Plastiblends India Ltd., Ampacet Corporation, DOW Corning Corporation, O'neil Color & Compounding, Penn Color, Inc., Polyplast Muller GmbH, RTP Company, and Tosaf Group.
Recent Development:
- March 2021: Ampacet, a major producer of masterbatches, has announced the expansion of its ScratchShield products, which help shield plastic items against dings and dents caused by manufacturing, shipping, and handling operations.
- March 2021: An international chemicals firm recognized for its peroxide and blowing agent masterbatches, Zebra-chem GmbH, has officially been bought by materials science expert Milliken & Co. These new polymers may include up to 100% recycled material thanks to peroxide masterbatches.
Global Additive Masterbatch Market is segmented as follows:
By Type
- Antimicrobial
- Antioxidant
- Flame-retardant
- Others
By Carrier Resin
- Polyethylene
- Polypropylene
- Polystyrene
- Others
By End-use Industry
- Packaging
- Automotive
- Consumer Goods
- Building & Construction
- Agriculture
- Others
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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