Masterbatch Market Analysis 2021-2027

1
Masterbatch Market, By Type, Trend Analysis,
Competitive Market Share
Forecast, 2020-2027
2
Masterbatch Market size- Industry Trends
Forecast Report 2027 A recent study conducted by
the strategic consulting and market research
firm BlueWeave Consulting revealed that global
masterbatch market was worth USD 11.2 billion in
2020. It is estimated to grow at a CAGR of 5.0,
earning revenue of around USD 15.7 billion by the
end of 2027. The global masterbatch market is
gaining significant traction because of various
driving factors, including the expanding
construction and automobile industry, which
consumes different types of masterbatches. The
effective use of masterbatches for coloring raw
polymers during the plastic manufacturing
processes is also propelling the growth of
the global masterbatches market. Plastics
containing masterbatches are utilized in the
production of important vehicle components,
plastic packaging, consumer items, and so on.
3
Growth Drivers  Shift from Metallic to Plastic
Automobile Bodies As plastics replace metal in
the manufacturing of automobile bodies, the
global masterbatch market is experiencing
significant growth. The increasing production and
penetration of electric vehicles are also
contributing to the growing demand for
masterbatches. Plastics are frequently used for
manufacturing various crucial automotive
components such as airbags, seat belts, bumpers,
dashboards, etc., as it is lightweight and thus
consumes less energy or fuel. Thus, the growing
automobile industry is significantly propelling
the global masterbatch market, especially in
emerging economies.
4
Restraints  Growing Adoption of Sustainable and
Environment-Friendly Materials Increasing
awareness of environmental issues and sustainable
development is expected to impact demand for
masterbatch negatively. Several countries are
imposing a complete ban on plastic manufacturing
and its products to eradicate single-use plastics
from their respective countries completely.
Masterbatches are extremely harmful to the
environment as they are used with recycled and
non-biodegradable plastics. Consequently, the
government is imposing stringent regulations
regarding plastic use, which threatens the
market's growth.
5
Impact of COVID-19 in industry Global
masterbatch sales have been greatly affected by
the COVID-19 pandemic. Due to the huge increase
in the number of COVID-19 cases beyond the
control of the healthcare system, several
countries imposed complete lockdowns that halted
all economic activities. Due to this, the
manufacturing and production activities were
restricted, resulting in a complete decline in
masterbatch demand, which resulted in severe
market losses. However, it is expected that the
market will recover in the post-COVID-19 period
as end-user industries resume business
activities.
6
Regional Insight Geographically, the global
masterbatch market is segmented into North
America, Europe, Asia-Pacific, Latin America,
Middle-East Africa. A flourishing automotive
industry and consumer goods manufacturing
industry contributes to the dominance of the
Asia-Pacific region in this market. Several
emerging economies such as China and India are
experiencing lucrative growth in the demand for
low-cost polymers because of the increasing
construction projects for infrastructural
development activities. Moreover, the expansion
of manufacturing and packaging in Asia-Pacific is
also fueling masterbatch market growth.
7
Competitive landscape The leading players in the
global masterbatch market are Americhem Inc., A.
Schulman Inc., Clariant AG, Ampacet Corporation,
Cabot Corporation, Polyone Corporation (Group)
Co., Ltd, Plastika Kritis S.A., GCR Group,
Polyplast Mueller GmbH, Hubron International,
Avient Corporation, Penn Color Inc., High
Technology Masterbatches S.L., Dainichiseika
Color ChemicalS Mfg. Co., Ltd., CONSTAB, K.D.
FEDDERSEN, Primex Color, Tosaf Compounds Ltd.,
Americhem, and other prominent players. Sample
copy https//www.blueweaveconsulting.com/report/
global-masterbatch-market-bwc20212/report-sample

8
About Us Blueweave Consulting offers a one-stop
solution for your market intelligence needs for
any service or product. You get well-researched
comprehensive reports based on qualitative and
quantitative data to put your business plan into
action. Your well-informed and timely decisions
using our reports avert situations of excessive
risks and help you grow your business with
optimum risk-return trade-off. Delivering
quality insights into several product or service
markets within the timeline as per the needs of
the clients has earned BWC an excellent
reputation among clients. BWC strives to provide
timely and accurate digital market intelligence
services for making your business endeavors
successful.
9
Contact Us  1
866 658 6826 1 425 320 4776 44 1865 60
0662  info(_at_)blueweaveconsulting.com  www.blueweav
econsulting.com