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 News

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 Market Report Snapshots

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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 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. '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'

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.

North America accounts for a massive revenue share of the 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.

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