Lucintel Forecasts Masterbatch Market to Reach $13.8 Billion by 2028

According to the recent study the masterbatch market is projected to reach an estimated $13.8 billion by 2028 from $11 billion in 2022, at a CAGR of 3.9% from 2022 to 2028. Growth in this market is primarily driven by increasing demand for light weight plastic as substitutes for various materials like metal, concrete, and steel in various end use industries.

Browse 124 figures/charts and 98 tables in this 207-page report to understand trends, opportunities and forecast in masterbatch market by end use (packaging, consumer goods, electrical and electronics, transportation, fiber and textiles, building and construction, and others), product type (color, white, black, additive, and filler) resin carrier type (PE, PP, PS, PA, EVA, ABS, SAN, and PC), process (film extrusion, blow molding, injection molding, pipe, conduit and tubing, extrusion coating, sheet and thermoforming, wire and cable, rotational molding, and other extrusion), and region (North America, Europe, and Asia Pacific & ROW).

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“Packaging market is expected to remain the largest segment during the forecast period.”

Based on end use, the masterbatch market is segmented into packaging, consumer goods, electrical and electronics, transportation, fiber and textiles, building and construction, and others. Lucintel forecasts that the packaging market is expected to remain the largest segment due to increasing consumption of packaged consumer goods. Fibers/textile is expected to witness highest growth over the forecast period.

“Within the masterbatch market, the color masterbatch segment is expected to remain the largest product type.”

Based on product type the color masterbatch segment is expected to witness the highest growth over the forecast period due to because it’s used for special effect and colors to distinguish products.

“Asia pacific will dominate the masterbatch market in near future.”

Asia Pacific (APAC) is expected to remain the largest region by value and volume and it is also expected to experience the highest growth over the forecast period due to growth in end uses and increasing urbanization, rising construction and infrastructure activities, changing consumer lifestyles, economic development, and demand for plastic products especially in China and India.

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Major players of masterbatch market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Lyondell Basell, Cabot Corporation, Avient Corporation, Ampacet Corporation, Ampacet Corporation, Tosaf Group, Polyplast, Podder Pigments Ltd, Gabriel Chemic GmbHare among the major masterbatch providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/masterbatch-market.aspx or helpdesk@lucintel.com.

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