The global Masterbatch market stood at approximately 5.8 million tonnes in 2022 and is anticipated to grow at a CAGR of 5.22% during the forecast period until 2032.
A masterbatch is created by blending different additives, fillers, and a limited quantity of carrier resin during plastic processing and moulding. This facilitates operational convenience and involves processes such as measurement, mixing, melting, extrusion, granulation, etc., using equipment like extruders. Comprising carrier resin, various fillers, and diverse additives, the masterbatch has additive or filler concentrations several times to over ten times higher than those found in the final plastic products. The surge in demand from the packaging industry is poised to drive global market growth. The world has witnessed significant expansion in its packaging sector, attributed to the flourishing e-commerce industry. The increasing utilization of plastic in various sectors, including consumer goods, building & construction, and automotive, is expected to propel the masterbatch market's growth across the globe during the forecast period. To enhance product sales, manufacturers in the consumer goods sector are adopting attractive packaging, incorporating different types of masterbatch with polymers. This trend is anticipated to contribute to increased product demand globally in the projected period. Masterbatch market size is likely to reach roughly 9.7 million tonnes by 2032.
On the basis of type, Masterbatch market is segmented into – Black, White, Color and Additive. It is categorized into four types, each tailored to specific aesthetic and property requirements in downstream products. With a substantial portion of masterbatch consumption occurring in polymer production, there is a consistent rise in demand, particularly from the automotive and construction sectors. The ongoing trend of replacing traditional metal structures with polymer materials, driven by their superior properties, is expected to contribute significantly to the growth of the masterbatch market in the foreseeable future.
Based on region, Asia Pacific region is the largest consumer of Masterbatch. The Asia-Pacific (APAC) region is poised to remain the largest consumer of masterbatch due to its burgeoning manufacturing industries, urbanization trends, and a robust packaging sector. With rapid industrialization in countries like China and India, the demand for masterbatch in diverse applications such as automotive, packaging, and construction is consistently rising. The escalating urban population and a growing middle class contribute to increased demand for consumer goods, further propelling the consumption of masterbatch. Additionally, the shift towards plastics in various sectors and ongoing infrastructure development projects in the region reinforce APAC's status as a vital market for masterbatch.
Based on the end-user industry, the global Masterbatch market is divided into Packaging, Automotive, Consumer Goods, Construction, and Others. However, Packaging industry is the leading consumer of the global Masterbatch market. The significant portion of the market is linked to the packaging sector, encompassing retail, industrial, and consumer packaging, including both flexible and rigid alternatives. The upsurge in urban population, seeking packaged products, has led to a heightened demand for packaging solutions. Consumers increasingly favour packaging that is convenient, sustainable, flexible, provides adequate protection, and allows for easy traceability. Given that plastic packaging aligns with these requirements, its demand is anticipated to increase, consequently driving the overall product demand. Substantial growth opportunities are foreseen for the packaging industry in emerging markets like India and China.
Major players in the Global Masterbatch market are Ampacet Corporation, Alok Masterbatches Pvt. Ltd., Americhem, Avient, BARS, Cabot Corporation, Clariant, Coperion GmbH, Hubron International, Ochre Media Pvt Ltd, Tosaf, Treffert Gmbh & Co. Kg. and Others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Masterbatch which covers production, demand and supply of Masterbatch market in the globe.
• To analyse and forecast the market size of Masterbatch
• To classify and forecast Global Masterbatch market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Masterbatch market in the globe.
To extract data for Global Masterbatch market, primary research surveys were conducted with Masterbatch manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Masterbatch market over the coming years.
ChemAnalyst calculated Masterbatch demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Masterbatch. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Masterbatch manufacturers and other stakeholders
• Organizations, forums and alliances related to Masterbatch distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Masterbatch manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Masterbatch market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
5.8 million tonnes
Market size Volume in 2032
9.7 million tonnes
Growth Rate
CAGR of 5.22% from 2023 to 2032
Base Year
2022
Estimated Year
2023
Historic Data
2015 – 2021
Forecast period
2024 – 2032
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Demand by type, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Packaging, Automotive, Consumer Goods, Construction and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Masterbatch market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Masterbatch.
3. Capacity By Location
To better understand the regional supply of Masterbatch by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Masterbatch by the leading players and forecast how it will grow in the coming years.
6. Demand by Type
Learn about the various types of Masterbatch: Black, White, Color and Additive, and their demands. It will allow you to choose which type to concentrate on when designing your strategy.
7. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Packaging, Automotive, Consumer Goods, Construction and Others) are creating a market and the forecast for the growth of the Masterbatch market.
8. Demand by Region
Analyzing the change in demand of Masterbatch in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Masterbatch. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Masterbatch.
11. Company Share
Figure out what proportion of the market share of Masterbatch is currently held by leading players across the globe.
12. Manufacturing Process
Discover insights into the intricate manufacturing process of Masterbatch.
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resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
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It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Masterbatch in terms of volume in 2022?
Ans:
The global market size of Masterbatch had reached approximately 5.8 million tonnes in 2022.
Q2.
Which region is the major consumer of Masterbatch?
Ans:
Asia Pacific region is the leading consumer of Masterbatch globally.
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Ans:
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