The Global Masterbatch Market size was valued at around USD 12.25 billion in 2023 & is estimated to grow at a CAGR of around 6.5% during the forecast period, i.e., 2024-30.
Global Masterbatch Market Driver:
Replacement of Metals with Plastics in Automotive Applications Driving Market Growth β Owing to the increase in demand for lightweight materials in the automotive sector, the demand for masterbatches has seen an immense increment. Over the years, the applications of plastics have increased in the automotive sector. The varieties of plastic, as well as the number of applications that the plastic industry serves in the automotive sector, have increased. Currently, plastic provides most of the interior automotive, along with the sealing of external parts of the automotive. Increased capabilities include dust resistance, water resistance, UV resistance, corrosion resistance, better structural integrity, and coloring capabilities.
In some cases, the automotive industry also uses plastic to customize its products as per the customersβ requirements. For instance, customized masterbatches are used in the automotive industry in interior trim, exterior trim, upholstery, and under the hood. With the help of additives, plastics can also have antistatic properties and abrasion-led degradation resistance.
In recent years, 54 leading countries have sold around 86 million vehicles using masterbatch plastics. In 2021, worldwide sales of vehicles using masterbatches were 100 million. The automotive industry is projected to be driven by China and India, with increasing demand for vehicles using plastic, and new vehicle registration is projected to surpass 100 million units globally in the coming years.
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Key Market Reports Highlights
β’ Market Dimensions & Projections
β’ Pricing Evaluation
β’ Recent Strategic Moves by Companies
β’ Primary Stakeholders
β’ Import/Export Trend Analysis
β’ Competitive Landscape Assessment
β’ Emerging Opportunities
β’ Market Trends and Indicators
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Global Masterbatch Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
β’ By Type
o Color Masterbatch- Market Size & Forecast 2019-2030, (Thousand Tons)
ο§ Standard Color- Market Size & Forecast 2019-2030, (Thousand Tons)
ο§ Speciality Color- Market Size & Forecast 2019-2030, (Thousand Tons)
ο§ Tailor-made Color- Market Size & Forecast 2019-2030, (Thousand Tons)
o Additive Masterbatch- Market Size & Forecast 2019-2030, (Thousand Tons)
ο§ Antimicrobial Additive- Market Size & Forecast 2019-2030, (Thousand Tons)
ο§ Antioxidant Additive- Market Size & Forecast 2019-2030, (Thousand Tons)
ο§ Flame Retardant- Market Size & Forecast 2019-2030, (Thousand Tons)
ο§ UV Stabilizer- Market Size & Forecast 2019-2030, (Thousand Tons)
ο§ Foaming/Blowing Agent- Market Size & Forecast 2019-2030, (Thousand Tons)
ο§ Optical Brightener- Market Size & Forecast 2019-2030, (Thousand Tons)
ο§ Nucleating Agent- Market Size & Forecast 2019-2030, (Thousand Tons)
o White Masterbatch- Market Size & Forecast 2019-2030, (Thousand Tons)
o Black Masterbatch- Market Size & Forecast 2019-2030, (Thousand Tons)
β’ By Polymer
o Polypropylene- Market Size & Forecast 2019-2030, (Thousand Tons)
o Low-Density Polyethylene and Linear Low-Density Polyethylene- Market Size & Forecast 2019-2030, (Thousand Tons)
o High- Density Polyethylene- Market Size & Forecast 2019-2030, (Thousand Tons)
o Polyvinyl Chloride- Market Size & Forecast 2019-2030, (Thousand Tons)
o Polyurethane- Market Size & Forecast 2019-2030, (Thousand Tons)
o Polyethylene Terephthalate- Market Size & Forecast 2019-2030, (Thousand Tons)
o Polystyrene- Market Size & Forecast 2019-2030, (Thousand Tons)
o Others (Polycarbonate, Polyamide, etc.)- Market Size & Forecast 2019-2030, (Thousand Tons)
β’ By Application
o Packaging- Market Size & Forecast 2019-2030, (Thousand Tons)
o Building and Construction- Market Size & Forecast 2019-2030, (Thousand Tons)
o Consumer Goods- Market Size & Forecast 2019-2030, (Thousand Tons)
o Automotive- Market Size & Forecast 2019-2030, (Thousand Tons)
o Textile- Market Size & Forecast 2019-2030, (Thousand Tons)
o Agriculture- Market Size & Forecast 2019-2030, (Thousand Tons)
o Others (Retail, Healthcare, etc.)- Market Size & Forecast 2019-2030, (Thousand Tons)
β’ By Region
o North America
o South America
o Europe
o The Middle East & Africa
o Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Primex Plastics Corporation, Vanetti S.P.A, RTP Company, Plastiblends, Plastika Kritis S.A., Penn Color Inc., Hubron International, Gabriel-Chemie GmbH, Tosaf Compounds Ltd., LyondellBasell Industries Holdings B.V, Sukano AG, Americhem, Inc., Cabot Corporation, Avient Corporation, Ampacet Corporation, Others (Astra Polymers, AF Color, etc.),
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