Global Additive Masterbatch market scope 2024, Forecast To 2033
23 Jan, 2024
The additive masterbatch market has exhibited robust growth, increasing from $4.38 billion in 2023 to $4.67 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 6.4%. Historical growth is attributed to economic growth, heightened demand for plastic products, regulatory compliance, industrial expansion, and a surge in the building and construction sector. Looking ahead to 2028, the market is expected to maintain strong growth, reaching $6.12 billion at a CAGR of 7.0%. Drivers include rising plastic recycling initiatives, government investments in infrastructure development, growth in the automotive industry, an expanding packaging sector, and increased demand for sustainable products. Major trends encompass smart masterbatches, bio-based and biodegradable masterbatches, customized formulations, antimicrobial and antiviral additives, and collaborative partnerships.
Global Additive Masterbatch Market Key Driver
The additive masterbatch market is set to grow with the rapid expansion of the packaging industry. As a crucial element in covering and protecting products, packaging utilizes additive masterbatch for various applications, including food, drugs, and cosmetics. The U.S. flexible packaging market is projected to reach $39 billion in 2021, further emphasizing the packaging industry's growth. This rise in packaging activities is anticipated to fuel the demand for additive masterbatch, aligning with market size values for 2023, 2024, and 2028.
Get A Free Sample Of The Global Additive Masterbatch Market ReportGlobal Additive Masterbatch Market Segments
The global additive masterbatch market covered in this report is segmented –
1) By Type: Antimicrobial, Antioxidant, Flame-Retardant, Other Types
2) By Carrier Resin: Polyethylene (PE), Polystyrene (PS), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Other Carrier Resins
3) By End User Industry: Packaging, Automotive, Consumer Goods, Building And Construction, Agriculture, Other End User Industries
By Geography: The regions covered in the Additive Masterbatch market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the additive masterbatch market in 2023. Asia-Pacificis expected to be the fastest-growing region in the additive masterbatch market share during the forecast period. The regions covered in the additive masterbatch market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Additive Masterbatch Industry Players
Clariant AG, Ampacet Corporation, Tosaf Compounds Ltd., Dow Corning Corp, Primex Color Compounding & Additives, Universal Masterbatch Llp, Roto Pre Masterbatch, XLPE Masterbatch, Engineering Masterbatch, Special Effect Masterbatch, Biodegradable plastics, Entec Polymers Llc, Chroma Color Corp, The Chemours Company, Kuala Lumpur Kepong Berhad, Sattler PRO-TEX GmbH, European Plastic Company, Plasticon Masterbatches, Sumiran Masterbatch Pvt Ltd., M.G. Polyblends, JJ Plastalloy Private Ltd., Kandui Industries, Chrostiki SA, Cromex Technology LLp, Delta Tecnic, GRAFE GmbH & Co KG, Reinforced ThermoPlastics, Astra Polymer Compounding Co Ltd., PolyOne Corp
Get The Full Global Additive Masterbatch Market Report
Additive Masterbatch Market Overview
The additive masterbatch refer to inorganic or organic compounds that come from both natural and artificial sources, used to change the original qualities or add new ones to pure plastic. Additive masterbatch can be used as the raw material for creating plastic items directly or in combination with other materials such as wood powder. When different additives are combined with plastic, different properties emerge, such as increased toughness, effective insulation, improved glossiness, and others.
Additive Masterbatch Global Market Report 2023 provides data on the global additive masterbatch market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The additive masterbatch market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.