USD 2.1 billion
Additive Masterbatch Market Size, Share, Growth Analysis, By Carrier Resin(Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC)), By Application(Automotive, Agriculture, Building & Construction, Packaging), By Type(Antimicrobial, Antioxidant, Flame Retardants, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2499 |
Region:
Global |
Published Date: April, 2024
Pages:
182
|Tables:
97
|Figures:
74
Additive Masterbatch Market Insights
Global Additive Masterbatch Market size was valued at USD 2.1 billion in 2022 and is poised to grow from USD 2.23 billion in 2023 to USD 3.64 billion by 2031, growing at a CAGR of 6.3% in the forecast period (2024-2031).
Additive masterbatch is a concentrate used to modify thermoplastics in their manufacturing stage. The concentrate is usually in granule form and consists of one or more additives with a carrier resin. Global surge in demand for advanced plastics with enhanced properties is projected to be a key factor driving additive masterbatch demand outlook across the forecast period. Rapidly increasing chemical manufacturing activity and growing emphasis on improving plastic manufacturing practice to comply with modern sustainability mandates are also slated to benefit sales of additive masterbatch in the future. Moreover, the advancements in masterbatch technologies are also slated to create lucrative new opportunities for additive masterbatch market players going forward. However, volatility in raw material pricing, regulatory compliance, safety concerns, and supply chain disruptions are key constraints that could impede additive masterbatch market development over the coming years. Asia Pacific is estimated to be one of the most attractive markets for additive masterbatch companies in the world owing to rapid urbanization and industrialization in countries such as India, China, South Korea, and Indonesia.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Packaging
Fastest Growth
Automotive
Growth Rate
6.3% CAGR
Global Additive Masterbatch Market ($ Bn)
Country Share for North America Region (%)
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Additive Masterbatch Market Segmental Analysis
The global additive masterbatch market is segmented based on application, carrier resin, type, and region. In terms of type, the market is segmented into antimicrobial, antioxidant, flame retardants, and others. In terms of application, the market is segmented into automotive, agriculture, building & construction, packaging, electrical & electronics, and others. In terms of carrier resin, the market is segmented into polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinyl chloride (PVC), polyethylene terephthalate (PET), and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Application
The packaging application is estimated to account for a major chunk of the global additive masterbatch market share. Extensive use of different types of plastics in the packaging space resulted in the dominance of this application segment. Increasing demand for more eco-friendly plastics and bans on the use of single-use plastics are also creating new opportunities for additive masterbatch companies in this segment. UV stability and flame retardation are some key properties that can be enhanced in plastics using additive masterbatch.
Use of additive masterbatch in the automotive space is slated to increase at a rapid pace across the forecast period. Surging demand for lightweight components in vehicles to increase efficiency has led to high adoption of plastic composites in the automotive space, which in turn is projected to favor the demand for additive masterbatch as well. Growing popularity of electric vehicles and rising use of plastic components in the same are also slated to benefit additive masterbatch market growth via this segment going forward.
Global Additive Masterbatch Market By Application
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Additive Masterbatch Market Regional Insights
North America accounts for a massive revenue share of the global additive masterbatch market owing to the presence of key packaging companies in this region. High use of additive masterbatch to create plastics for packaging and other applications allows this region to hold sway over others. The United States is estimated to lead the demand for additive masterbatch in this region followed by Canada. Rapidly expanding construction industry in North American countries will also bolster the demand for additive masterbatch in the long run.
Rapid urbanization and industrialization are slated to be the top catalysts for additive masterbatch market in the Asia Pacific region making it the fastest growing one in the world. High consumption of plastic in different applications in this region and growing chemical manufacturing activity are estimated to bolster the demand for additive masterbatch in this region over the coming years. Availability of cheap labor and raw materials in this region will also contribute to the rapid additive masterbatch market development going forward. China, India, Japan, and Indonesia are slated to emerge as investment-worthy markets in the Asia Pacific region for additive masterbatch providers.
Global Additive Masterbatch Market By Region
- Largest
- Fastest
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Additive Masterbatch Market Dynamics
Drivers
High Demand Plastics with Enhanced Properties
- Plastics that have been enhanced to meet specific requirements and perform better than general plastic products are increasing in demand at a rapid pace, this is slated to bolster additive masterbatch market growth in the long run.
Innovation in Additive Masterbatch Technologies
- Technological innovations have resulted in the creation of novel additive masterbatch technologies and practices that enhance the creation of novel plastic products. High investments in R&D are projected to further result in innovation and drive additive masterbatch market development.
Restraints
Volatile Raw Material Pricing
- Raw materials required in additive masterbatch are subject to frequent changes in price as they are directly dependent on global trade conditions, commodity markets, geopolitical alliances, tensions, etc. This could affect the cost of the end-product and thereby slow down additive masterbatch market growth.
Supply Chain Disruption
- Trade wars between countries, imposition of bans on trade of certain goods, and geopolitical tensions are some major causes that could lead to supply chain disruption. This disruption could cause fluctuations in the demand and supply chain thereby hurting additive masterbatch market development in the future.
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Additive Masterbatch Market Competitive Landscape
Global additive masterbatch market is highly competitive as multiple companies are trying to maximize their market share and presence. Market players are projected to target industries such as automotive and construction where the demand for high-performance plastics is slated to reach new heights. Rapidly expanding commerce sector is also slated to bolster the demand for additive masterbatch in the packaging space thereby providing opportunities for new as well as established companies.
Top Player’s Company Profiles
- Prayag Polytech
- Alok Masterbatch
- Schulman, Inc.
- Ampacet Corporation
- Meilian Chemical Co., Ltd.
- Dow
- Rajiv Plastic Industries
- PPM
- PolyOne Corporation
- LyondellBasell Industries Holdings B.V.
- Tosaf Group
- O'neil Color & Compounding
- Astra Polymers
- Plastika Kritis S.A.
- Plastiblends.
- RTP Company
- Dainichiseika Color & Chemicals Mfg. Co. Ltd.
- Clariant AG
Recent Developments
- In March 2023, Gerdau Graphene, a renowned company focused on sustainability, announced the launch of its new graphene-enhanced PE additive masterbatch. The company also partnered with Sumitomo Corp. For the distribution of the same.
- In November 2023, Ampacet, a leading name in the additive masterbatch space, announced the launch of its new antimicrobial additive masterbatch. ProVital+ GermsClean was intended to be used to develop plastics for medical-grade applications.
- In December 2023, Mechnano, a leading provider of 3D printing materials collaborated with Bomar to develop a new low viscosity masterbatch for 3D printing resins.
Additive Masterbatch Key Market Trends
Use of Bio-based and Sustainable Additives: Additive masterbatch providers should emphasize on the sustainability trend to incorporate the use of sustainable and bio-based additives. Companies can focus on the development of unique additive masterbatch products that are compliant with modern sustainability mandates and also help improve the properties of different plastics.
Additive Masterbatch Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, surging use of enhanced and high-performance plastics around the world is projected to bolster the demand for additive masterbatch over the coming years. High use of plastics in the automotive industry will also bolster the demand for additive masterbatch going forward. However, supply chain disruptions and volatile raw material prices are predicted to hamper the overall additive masterbatch market growth prospects in the long run. Rapid industrialization and urbanization are slated to make the Asia Pacific region a highly opportune space in the global landscape. Sustainability is a key trend that could create new moneymaking opportunities for additive masterbatch market players going forward.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.1 billion |
| Market size value in 2031 | USD 3.64 billion |
| Growth Rate | 6.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Additive Masterbatch Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Additive Masterbatch Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Additive Masterbatch Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Additive Masterbatch Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Additive Masterbatch Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Additive Masterbatch Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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