Global Additive Masterbatch Market, By Type (Antimicrobial, Flame Retardant, Antioxidant, Others), Carrier Resin (Polyethylene (PE), Polystyrene (PS), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Others), End User (Packaging, Building and Construction, Automotive, Consumer Goods, Agriculture, Electrical and Electronics, Others)– Industry Trends and Forecast to 2029
Market Analysis and Size
Additive masterbatch has augment the properties of plastic. The rising demand of plastic durability is driving the growth of the additive market. The flame retardant property of additive masterbatch is major factor for fire avoidance in the respective industries. While processing the plastic flame retardant are mixed to attain the flame retardant property additive masterbatch. The additive masterbatch application can be in many forms like sheet, wrap basket, color plastic bag, plastic toys, lids pipes and others.
The growing demand of plastic material in consumer goods food & beverage, pharmaceutical, and other industry rising the growth of additive masterbatch market.
Data Bridge Market Research analyses that the additive masterbatch market was valued at USD 11.67 billion in 2021 and is expected to reach USD 18.88 billion by 2029, registering a CAGR of 6.20 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Antimicrobial, Flame Retardant, Antioxidant, Others), Carrier Resin (Polyethylene (PE), Polystyrene (PS), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Others), End User (Packaging, Building and Construction, Automotive, Consumer Goods, Agriculture, Electrical and Electronics, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Clariant AG (Switzerland), Schulman, Inc. (U.S.), PolyOne Corporation (U.S.), Plastika Kritis S.A. (Greece), Plastiblends. (India), Dow (U.S.), PPM(Germany), RTP Company (U.S.), Ampacet Corporation (U.S.), LyondellBasell Industries Holdings B.V.(US), Tosaf Group (US), O'neil Color & Compounding (US), Astra Polymers (Saudi Arabia)., Prayag Polytech (India), Alok Masterbatch (India), Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan), Rajiv Plastic Industries (India), Meilian Chemical Co., Ltd. (China)
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Market Opportunities
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Market Definition
Masterbatch is an intense mixture of additives encapsulated and pigments which is form in the presence of heat process which is then cooled and cut into a shape of granular. Masterbatch allows the processor to colour the raw polymer during the process of formation of plastic. Additive masterbatch is used in manufacturing of packaging on the basis of industrial requirements and standard specifications
Additive Masterbatch Market Dynamics
Drivers
- Rapid urbanization and industrialisation
The rapid urbanization and industrialization and urbanization across the worldwide increase the demand of plastic product which have considerably fueled the market and hence acts as a significant driver for the additive masterbatch market. The rapid development in the industrial sectors has generated a large consumer base for masterbatch-oriented products due to their long use and economical availability.
- Stringent rules and regulations associated with the use of plastic
Growing industrial production, global population, and the use of plastic in day-to-day products has main reason to rise in the quantum of solid waste. Governments of several countries have implemented strict regulations for encouraging the recycling and reuse of plastic and control the plastic waste. Additive masterbatch is used to enhance the functional properties to recycled plastic. Increasing stringent government norms and plastic recycling about plastics will projected to drive the revenue growth of the additive masterbatch market globally.
- Rise the demand in packaging industry
The manufacturing of packaging films manufactures used additive masterbatch to comply with prescribed packaging industrial requirements and standard specifications. Growing demand for effective packaging materials and rapid growth in the packaging industry are projected to increase the demand for additive masterbatch.
Opportunities
Additive masterbatch has boost the properties of plastic. The plastic has the properties such as scratch resistance chemical residence, water resistance, so additive masterbatch is enhancing these properties. The growing demand of plastic durability is expected to driving the growth of the additive masterbatch market. The consumption of plastics in several countries especially in the construction industry is a good market opportunity for market players in the global additive masterbatch.
Restraints/ Challenges
The governmental rules and regulations has affected the growth of the additive masterbatch market value because the Governments of most of the countries have been banned on the usage of plastics and other derivatives of plastics which acts as a threat to the market.The availability of local product and low-cost are mostly used by several manufacturers are also restraint the additive masterbatch market. And that will obstruct the market's growth rate.
This additive masterbatch market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the additive masterbatch market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Additive Masterbatch Market
The outbreak of covid-19 has severely affected the various market. The supply chain and manufacturing unit both have been rigorously impacted the growth of the market.The emergence of COVID-19 has slowed down the growth of the additive masterbatch market, conversely due to lift of lockdown the markets are slowly gaining their traction. Due to the sudden growth in CAGR is attributable to the demand and growth of the additive masterbatch market’s, returning to pre-pandemic level once the pandemic is over.
Recent Development
- In July 2020, PolyOne Corporation which is leading as a global provider of sustainable solutions and specialist polymer materials, services completed the acquisition of Clariant Chemicals India additive masterbatch business and Ltd's colour.
Global Additive masterbatch Market Scope
The additive masterbatch market is segmented on the basis of type, carrier resin and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Antimicrobial
- Flame Retardant
- Antioxidant
- Others
Carrier Resin
- Polyethylene (PE)
- Polystyrene (PS)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Others
End User
- Packaging
- Building and Construction
- Automotive
- Consumer Goods
- Agriculture
- Electrical and Electronics
- Others
Additive Masterbatch Market Regional Analysis/Insights
The additive masterbatch market is analysed and market size insights and trends are provided by country, type, carrier resin and end-user as referenced above.
The countries covered in the additive masterbatch market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the additive masterbatch market in terms of revenue and market share and revenue during the forecast period. This is due to the growing demand for additive masterbatch in this region. The Asia-Pacific region leads the additive masterbatch market due to high consumption of plastic in several industries such as consumer goods industries, packaging sector, electronics sector, and many other products and industries which has eventually led to the increase of the additive masterbatch market in this region
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Additive Masterbatch Market Share Analysis
The additive masterbatch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to additive masterbatch market.
Some of the major players operating in the additive masterbatch market are:
- Clariant AG (Switzerland)
- Schulman, Inc. (U.S.)
- PolyOne Corporation (U.S.)
- Plastika Kritis S.A. (Greece)
- Plastiblends. (India)
- Dow (U.S.)
- PPM(Germany)
- RTP Company (U.S.)
- Ampacet Corporation (U.S.)
- LyondellBasell Industries Holdings B.V.(US)
- Tosaf Group (US)
- O'neil Color & Compounding (US)
- Astra Polymers (Saudi Arabia)
- Prayag Polytech (India)
- Alok Masterbatch (India)
- Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan)
- Rajiv Plastic Industries (India)
- Meilian Chemical Co., Ltd. (China)
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