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North America masterbatch market value is likely to reach around USD 2 billion by 2024. Product demand in this region will witness decent growth on account of the developing construction and automotive sectors of the region.According to a growth forecast analysis by Global Market Insights, Inc., the masterbatch market size will likely surpass USD 13 billion by 2024. Masterbatch market is most likely to witness growth in the forecast period due to rising demand for biodegradable masterbatches. These superior products help the plastic material to degrade after completing its shelf-life, are non- toxic, cost-effective, and ideal for food and drugs packaging applications. The biodegradable products are used for manufacturing environment friendly agricultural films, popularly used by farmers to improve the crop production rate, maintain soil moisture and control different weathering conditions. Stringent environmental norms implemented across the globe will drive the market for biodegradable products in food, agricultural and healthcare industry.
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Latin America holds a significant share of the masterbatch market which made a revenue of more than USD 250 million in 2024. Increasing demand for the product from Brazil and Mexico would augment the masterbatch market development in the study period.
Additive is a significant product type in the masterbatch market and is likely to generate revenue exceeding USD 1 billion by 2024. Additive product types are used to introduce specific performance characteristics to plastic components, and includes heat stabilizers, flame retardants, anti-oxidants, stiffening agents, anti-microbial solutions, optical brighteners, anti-foggers, corrosion inhibitors, and various other options. These products help to improve the strength, quality, look, and feel of the product in different end-use sectors.
White product type holds a significant share in the masterbatch market due to its wide usage in various applications. They are primarily composed of titanium dioxide (TiO2) and provide brilliant whiteness to plastic goods. It can resist extreme processing conditions, including sheet & film extrusion, blow/injection molding, preventing strong odor, die build up and heavy smoke that could be initiated by high processing temperatures.
The consistent research and development activities being undertaken to develop advanced tech has eventually improved the application of polymers as an alternative to traditional auto parts made of metal. This has necessitated the increased production of polymer auto parts in the automotive industry, given that they provide better durability and high strength. Moreover, the massive investments being made to develop electric vehicles would further drive the masterbatch market size expansion.
Browse key industry insights spread across 263 pages with 299 market data tables & 25 figures & charts from the report, “Masterbatch Market Size By Product (Black, White, Color, Additive), By End-user (Automotive, Consumer Goods, Packaging, Agriculture, Construction), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Indonesia, South Korea, Brazil, Mexico, South Arabia, South Africa, UAE), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/masterbatch-market
Owing to the aforementioned factors, the automotive industry, out of all end-user industries, seized a commendable share of the masterbatch market revenue share in the year 2017. As per reliable reports, the masterbatch industry size from automotive sector is projected to record an appreciable y-o-y growth rate over 2018-2024.
Packaging is one of the most significant end-user segments in the masterbatch market which is likely to grow by around 5.5% CAGR from 2018 to 2024. It is used in a varied range of applications such as food & beverage containers, medical bags and boxes, security packaging, etc. Growing demand from the rigid and flexible packaging sectors will signify the segment growth over the coming years.
Key product manufacturing companies in the masterbatch market include Cabot Corporation, Clariant, Hubron, PolyOne, Penn Color, Ampacet Corporation, A. Schulman, Inc. etc. Large number of small and medium scale local manufacturers are also present in this market.
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Partial Table of Contents (ToC) of the report:
Chapter 4. Masterbatch Market, Product By End-User
4.1. Masterbatch market share by product, 2017 & 2024
4.2. Black
4.2.1. Market estimates and forecast, 2013 – 2024
4.2.2. Market estimates and forecast, by end-user, 2013 – 2024
4.2.3. Market estimates and forecast, by region, 2013 – 2024
4.3. White
4.3.1. Market estimates and forecast, 2013 – 2024
4.3.2. Market estimates and forecast, by end-user, 2013 – 2024
4.3.3. Market estimates and forecast, by region, 2013 – 2024
4.4. Color
4.4.1. Market estimates and forecast, 2013 – 2024
4.4.2. Market estimates and forecast, by end-user, 2013 – 2024
4.4.3. Market estimates and forecast, by region, 2013 – 2024
4.5. Additive
4.5.1. Market estimates and forecast, 2013 – 2024
4.5.2. Market estimates and forecast, by end-user, 2013 – 2024
4.5.3. Market estimates and forecast, by region, 2013 – 2024
Chapter 5. Masterbatch Market, By End-user
5.1. Masterbatch market share by end-user, 2017 & 2024
5.2. Automotive
5.2.1. Market estimates and forecast, 2013 – 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.3. Consumer goods
5.3.1. Market estimates and forecast, 2013 – 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
5.4. Packaging
5.4.1. Market estimates and forecast, 2013 – 2024
5.4.2. Market estimates and forecast, by region, 2013 – 2024
5.5. Agriculture
5.5.1. Market estimates and forecast, 2013 – 2024
5.5.2. Market estimates and forecast, by region, 2013 – 2024
5.6. Construction
5.6.1. Market estimates and forecast, 2013 – 2024
5.6.2. Market estimates and forecast, by region, 2013 – 2024
5.7. Others
5.7.1. Market estimates and forecast, 2013 – 2024
5.7.2. Market estimates and forecast, by region, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/masterbatch-market
Browse Related Report:
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https://www.gminsights.com/industry-analysis/abs-market-for-automotive-plating-on-plastics
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
Name: Arun Hegde
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Organization: Global Market Insights, Inc.
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Website: https://www.gminsights.com/pressrelease/masterbatch-market
Release ID: 503169
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