Additive Masterbatch Market - Forecast(2023 - 2028)

Report Code: CMR 73074 Report Format: PDF + Excel

Additive Masterbatch Market Overview

Additive Masterbatch Market size is forecast to reach US$3.6 billion by 2026, after growing at a CAGR of 6.3% during 2021-2026. Due to the positive demand for plastics with additional properties during packaging processes, the market size of additive masterbatch is expected to rise at an upward pace in the forecast period. Increasing demand for carrier resins such as polyethylene, polyethylene terephthalate, and ethylene vinyl alcohol owing to its water, chemical, scratch, and UV resistance characteristics, in the production of additive masterbatch, would further drive the market growth. Additionally, the growing industrialization and urbanization in emerging economies, coupled with the changing trend of using plastics rather than metals due to their high prices, is likely to fuel the additive masterbatch industry in the forecast timeframe.

Impact of Covid-19:

The tragedy of COVID-19, which is declared a pandemic by the World Health Organization, had a noticeable impact on global economic growth. In the year 2020, the additive masterbatch market was widely affected due to the COVID-19 pandemic where most of the industrial activities were at a halt. This, in turn, affected the demand and supply chain as well thereby limited the growth of the market over the year 2020. 

Report Coverage

The report “Additive Masterbatch Market– Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the additive masterbatch market.

By Type: Antimicrobial, Flame retardant, Antioxidant, Foaming Agent, Laser Marking, UV Stabilizer, and Others.
By Carrier Resin: Polyethylene (PE), Polystyrene (PS), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Ethylene Vinyl Copolymer (EVC), and Others.
By Application: Building & Construction, Automotive, Packaging, Consumer goods, Agriculture, Healthcare, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and New Zealand, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific),South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways

  • Asia-Pacific region dominated the additive masterbatch market owing to the rising automotive manufacturing facilities and the move of European automotive manufacturers to low-cost Asian markets.
  • Additive masterbatches are liquid or solid additives placed in plastic processes to provide additional characteristics such as color, anti-static, dark glow, laser marking, flame retardance, etc. In the near future, the low cost of the product and decent application of the additive during the plastic production process is expected to improve the market.
  • Rising need for anti-scratch products with the growing demand for high-end consumers demand damage-free surfaces, such as consumer goods and mobile devices, will drive the additive masterbatch market growth.
  • In the automotive industry, the replacement of metals with plastics would further drive the demand for additive masterbatches in the forecast period.

Figure: Asia Pacific Additive Masterbatch Market Revenue, 2020-2026 (US$ Billion)

Additive Masterbatch Market Revenue

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Additive Masterbatch Market Segment Analysis –By Type

UV stabilizer segment held the largest share in the additive masterbatch market in the year 2020. UV stabilizer masterbatch increases the useful life of products that have been subjected to the detrimental effects of ultraviolet radiation from the sun or other sources. Increasing usage of UV inhibitors to protect the material by absorbing damaging wavelengths and/or interfering with the generation of free radicals in the polymer molecules when exposed to UV light is driving the market growth. In comparison to a typical stabilizer masterbatch, these proprietary mixtures of chemicals protect and enhance the polymer, resulting in a cleaner, brighter appearance. Thus, rising demand for UV stabilizers would drive the additive masterbatch market growth over the forecast period.

Additive Masterbatch Market Segment Analysis – Carrier Resin

Polyethylene segment held the largest share in the additive masterbatch market in the year 2020. Due to its superior features such as moisture resistance, low density, and high durability, the demand for polyethylene resin is expected to rise in the upcoming years. During the manufacture of plastic wraps, plastic sheets & bags, lids, toys, pipes, buckets and containers, and others, these additives are commonly used, inflating the size of the commodity market in the near future.UV rays can also be blocked by using polyethylene resin in additive masterbatches. Moreover, it can also be utilized to minimize the product's weight and resin usage. Thus, owing to the above-mentioned properties the rising demand for polyethylene resins is anticipated to further drive the demand for additive masterbatches.

Additive Masterbatch Market Segment Analysis – Application

The packaging segment held the largest share in the additive masterbatch market in 2020 and is projected to grow at a CAGR of 5.9% during 2021-2026. Because of the changing lifestyle and the increased standard of living, the need for improved design, improved safety, and moisture resistance support the packaging industry. Due to the large usage of plastics in several industries, the packaging industry is expected to grow in the upcoming years. Furthermore, the low cost, imparts longevity, resistance to harsh chemicals, humidity, and corrosion, low thermal conductivity, properties of packaging materials with the usage of the additive masterbatches would further raise the market growth. With the surging trend in the packaging industry, the market for additive masterbatch is expected to propel the forecast period.

Additive Masterbatch Market Segment Analysis – Geography

Asia Pacific region dominated the additive masterbatch market share with more than 54.3% in the year 2020. Asia Pacific is expected to lead the additive masterbatch market due to the substantial rise in the building and construction, and healthcare industries. Also, with the rising automotive and packaging production, the demand for additive masterbatches is anticipated to rise over the forecast period. For instance, the packaging industry in India is largely driven to make their goods compact and portable by growing innovation in industries. According to the Packaging Industry Association of India, The India Packaging Market was worth US$ 50.5 billion in 2019 and is predicted to grow to US$ 204.81 billion by 2025, with a CAGR of 26.7% between 2020 and 2025. In the coming years, this heavy propulsion in packaging products is expected to raise the growth of the additive masterbatch industry.

Additive Masterbatch Market Drivers

Rising Demand For Antimicrobial Masterbatches

Antimicrobial masterbatches are used to prevent germs and fungi from growing on the surface of plastics and fabrics. Masterbatches can be used to add them to formulations in the same way that other ingredients are. High-performance antimicrobial masterbatch has been developed to combat the growing threat of bacteria to humans as they go about their daily activities. These microscopic, virtually imperceptible organisms are found all about us, commonly proliferating in wet areas such as kitchens, bathrooms, toilets, clothing, and hospital beds. Moreover rising investment in the healthcare industries will also drive the demand for antimicrobial masterbatches. For instance, according to India Brand Equity Foundation, the Indian market for medical tourism is rising at an annual rate of 18 % and is projected to cross US$ 9 billion by 2020. Australia spends more than $180.0 billion annually on its healthcare system, approximately 10.0 percent of GDP or $7,485 per capita. In the coming years, robust order for the antimicrobial masterbatches from the healthcare and various other end-use industries are projected to drive the market growth.

Rising Building and Construction Industry

In the building and construction industry, additive masterbatch plays an important role. The increasing usage of plastics in a variety of applications, including as pipes, cables, flooring, domes, roofing, windows & doors, storage tanks, hardware containers, insulation materials, and others is likely to drive up demand for additive masterbatch. Plastics are utilized in the construction and building sector for a variety of reasons, including durability, cost-effectiveness, recycling, safety, lightweight, ease of installation, and corrosive resistance.Increasing usage of carrier reins such as polystyrene (PS), polycarbonate (PC), polyethylene (PE), polyethylene terephthalate, and ethylene vinyl alcohol in the fabrication of building and construction goods would also drive the market growth. Thus, increasing demand for additive masterbatch in the building and the construction industry would drive the growth of the market over the forecast period.

Additive Masterbatch Market Challenges

Stringent Regulations

However, strict regulations and rising knowledge of the minimum use of plastics can prove to be an obstacle to the growth of the market over the forecast period. The use of plastic goods that could serve as a restriction in the product market in the near future has been absolutely banned by both developed and developing countries. For instance, strict regulations as per the United States Food & Drug Administration (FDA) and the European Union made to restrict the use of additive masterbatches that can be incorporated into plastics food contact materials and articles are anticipated to restrict the market growth in the forecast period.

Additive Masterbatch Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the additive masterbatch market. Major players in the additive masterbatch market are PolyOne Corporation, Plastiblends India Ltd., Plastika Kritis S.A., Polyplast Muller GmbH, Tosaf Group, DOW Corning Corporation, RTP Company, Clariant AG, A. Schulman Inc., Ampacet Corporation, and O'neil Color & Compounding, among others.

Acquisitions/Product Launches:

  • In July 2020, PolyOne Corporation a leading global provider of specialist polymer materials, services, and sustainable solutions, completed the acquisition of Clariant Chemicals India Ltd's colour and additive masterbatch business.

Relevant Reports

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1. Additive Masterbatch Market- Market Overview
    1.1 Definitions and Scope
2. Additive Masterbatch Market- Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Carrier Resin
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. Additive Masterbatch Market- Landscape
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Additive Masterbatch Market- Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Additive Masterbatch Market– Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis - Major Companies
6. Additive Masterbatch Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Additive Masterbatch Market-Strategic analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Additive Masterbatch Market– By Type (Market Size -US$Million)
    8.1 Antimicrobial
    8.2 Flame retardant
    8.3 Antioxidant
    8.4 Foaming Agent
    8.5 Laser Marking
    8.6 UV Stabilizer
    8.7 Others
9. Additive Masterbatch Market– By Carrier Resin (Market Size -US$Million)
    9.1 Polyethylene (PE)
    9.2 Polystyrene (PS)
    9.3 Polypropylene (PP)
    9.4 Polyvinyl Chloride (PVC)
    9.5 Polyethylene Terephthalate (PET)
    9.6 Ethylene Vinyl Copolymer (EVC)
    9.7 Others
10. Additive Masterbatch Market– By Application (Market Size -US$Million)
    10.1 Building & Construction
        10.1.1 Residential
        10.1.2 Commercial
        10.1.3 Industrial
        10.1.4 Infrastructure
    10.2 Automotive
        10.2.1 Passenger Cars
        10.2.2 Light Commercial Vehicles
        10.2.3 Heavy Commercial Vehicles
    10.3 Packaging
    10.4 Consumer goods
    10.5 Agriculture
    10.6 Healthcare
    10.7 Others
11. Additive Masterbatch Market- By Geography (Market Size -US$Million)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 ROW
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of South Africa
12. Additive Masterbatch Market- Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Additive Masterbatch Market- Market Share Analysis Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level- Major companies
    13.3 Market Share by Key Region- Major companies
    13.4 Market Share by Key Country- Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category- Major companies
14. Additive Masterbatch Market- Key Company List by Country Premium Premium 
15. Additive Masterbatch Market Company Analysis- Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Additive Masterbatch Market By Type Market 2019-2024 ($M)
2.Global Additive Masterbatch Market By Carrier Resin Market 2019-2024 ($M)
2.1 Polyethylene Market 2019-2024 ($M) - Global Industry Research
2.2 Polypropylene Market 2019-2024 ($M) - Global Industry Research
2.3 Polystyrene Market 2019-2024 ($M) - Global Industry Research
3.Global Additive Masterbatch Market By End-Use Industry Market 2019-2024 ($M)
3.1 Packaging Market 2019-2024 ($M) - Global Industry Research
3.2 Consumer Goods Market 2019-2024 ($M) - Global Industry Research
3.3 Building & Construction Market 2019-2024 ($M) - Global Industry Research
3.4 Automotive Market 2019-2024 ($M) - Global Industry Research
3.5 Agriculture Market 2019-2024 ($M) - Global Industry Research
4.Global Additive Masterbatch Market By Type Market 2019-2024 (Volume/Units)
5.Global Additive Masterbatch Market By Carrier Resin Market 2019-2024 (Volume/Units)
5.1 Polyethylene Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Polypropylene Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 Polystyrene Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Additive Masterbatch Market By End-Use Industry Market 2019-2024 (Volume/Units)
6.1 Packaging Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Consumer Goods Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Building & Construction Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Automotive Market 2019-2024 (Volume/Units) - Global Industry Research
6.5 Agriculture Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Additive Masterbatch Market By Type Market 2019-2024 ($M)
8.North America Additive Masterbatch Market By Carrier Resin Market 2019-2024 ($M)
8.1 Polyethylene Market 2019-2024 ($M) - Regional Industry Research
8.2 Polypropylene Market 2019-2024 ($M) - Regional Industry Research
8.3 Polystyrene Market 2019-2024 ($M) - Regional Industry Research
9.North America Additive Masterbatch Market By End-Use Industry Market 2019-2024 ($M)
9.1 Packaging Market 2019-2024 ($M) - Regional Industry Research
9.2 Consumer Goods Market 2019-2024 ($M) - Regional Industry Research
9.3 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
9.4 Automotive Market 2019-2024 ($M) - Regional Industry Research
9.5 Agriculture Market 2019-2024 ($M) - Regional Industry Research
10.South America Additive Masterbatch Market By Type Market 2019-2024 ($M)
11.South America Additive Masterbatch Market By Carrier Resin Market 2019-2024 ($M)
11.1 Polyethylene Market 2019-2024 ($M) - Regional Industry Research
11.2 Polypropylene Market 2019-2024 ($M) - Regional Industry Research
11.3 Polystyrene Market 2019-2024 ($M) - Regional Industry Research
12.South America Additive Masterbatch Market By End-Use Industry Market 2019-2024 ($M)
12.1 Packaging Market 2019-2024 ($M) - Regional Industry Research
12.2 Consumer Goods Market 2019-2024 ($M) - Regional Industry Research
12.3 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
12.4 Automotive Market 2019-2024 ($M) - Regional Industry Research
12.5 Agriculture Market 2019-2024 ($M) - Regional Industry Research
13.Europe Additive Masterbatch Market By Type Market 2019-2024 ($M)
14.Europe Additive Masterbatch Market By Carrier Resin Market 2019-2024 ($M)
14.1 Polyethylene Market 2019-2024 ($M) - Regional Industry Research
14.2 Polypropylene Market 2019-2024 ($M) - Regional Industry Research
14.3 Polystyrene Market 2019-2024 ($M) - Regional Industry Research
15.Europe Additive Masterbatch Market By End-Use Industry Market 2019-2024 ($M)
15.1 Packaging Market 2019-2024 ($M) - Regional Industry Research
15.2 Consumer Goods Market 2019-2024 ($M) - Regional Industry Research
15.3 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
15.4 Automotive Market 2019-2024 ($M) - Regional Industry Research
15.5 Agriculture Market 2019-2024 ($M) - Regional Industry Research
16.APAC Additive Masterbatch Market By Type Market 2019-2024 ($M)
17.APAC Additive Masterbatch Market By Carrier Resin Market 2019-2024 ($M)
17.1 Polyethylene Market 2019-2024 ($M) - Regional Industry Research
17.2 Polypropylene Market 2019-2024 ($M) - Regional Industry Research
17.3 Polystyrene Market 2019-2024 ($M) - Regional Industry Research
18.APAC Additive Masterbatch Market By End-Use Industry Market 2019-2024 ($M)
18.1 Packaging Market 2019-2024 ($M) - Regional Industry Research
18.2 Consumer Goods Market 2019-2024 ($M) - Regional Industry Research
18.3 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
18.4 Automotive Market 2019-2024 ($M) - Regional Industry Research
18.5 Agriculture Market 2019-2024 ($M) - Regional Industry Research
19.MENA Additive Masterbatch Market By Type Market 2019-2024 ($M)
20.MENA Additive Masterbatch Market By Carrier Resin Market 2019-2024 ($M)
20.1 Polyethylene Market 2019-2024 ($M) - Regional Industry Research
20.2 Polypropylene Market 2019-2024 ($M) - Regional Industry Research
20.3 Polystyrene Market 2019-2024 ($M) - Regional Industry Research
21.MENA Additive Masterbatch Market By End-Use Industry Market 2019-2024 ($M)
21.1 Packaging Market 2019-2024 ($M) - Regional Industry Research
21.2 Consumer Goods Market 2019-2024 ($M) - Regional Industry Research
21.3 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
21.4 Automotive Market 2019-2024 ($M) - Regional Industry Research
21.5 Agriculture Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Additive Masterbatch Market Revenue, 2019-2024 ($M)
2.Canada Additive Masterbatch Market Revenue, 2019-2024 ($M)
3.Mexico Additive Masterbatch Market Revenue, 2019-2024 ($M)
4.Brazil Additive Masterbatch Market Revenue, 2019-2024 ($M)
5.Argentina Additive Masterbatch Market Revenue, 2019-2024 ($M)
6.Peru Additive Masterbatch Market Revenue, 2019-2024 ($M)
7.Colombia Additive Masterbatch Market Revenue, 2019-2024 ($M)
8.Chile Additive Masterbatch Market Revenue, 2019-2024 ($M)
9.Rest of South America Additive Masterbatch Market Revenue, 2019-2024 ($M)
10.UK Additive Masterbatch Market Revenue, 2019-2024 ($M)
11.Germany Additive Masterbatch Market Revenue, 2019-2024 ($M)
12.France Additive Masterbatch Market Revenue, 2019-2024 ($M)
13.Italy Additive Masterbatch Market Revenue, 2019-2024 ($M)
14.Spain Additive Masterbatch Market Revenue, 2019-2024 ($M)
15.Rest of Europe Additive Masterbatch Market Revenue, 2019-2024 ($M)
16.China Additive Masterbatch Market Revenue, 2019-2024 ($M)
17.India Additive Masterbatch Market Revenue, 2019-2024 ($M)
18.Japan Additive Masterbatch Market Revenue, 2019-2024 ($M)
19.South Korea Additive Masterbatch Market Revenue, 2019-2024 ($M)
20.South Africa Additive Masterbatch Market Revenue, 2019-2024 ($M)
21.North America Additive Masterbatch By Application
22.South America Additive Masterbatch By Application
23.Europe Additive Masterbatch By Application
24.APAC Additive Masterbatch By Application
25.MENA Additive Masterbatch By Application
26.Regional Revenue Mix of Major Market Players, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Clariant AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Polyone Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Plastika Kritis S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Ampacet Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.DOW Corning Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Oneil Color & Compounding, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Polyplast Muller GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.RTP Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Tosaf Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)