Solid Masterbatches Market - Forecast(2023 - 2028)

Report Code: CMR 97960 Report Format: PDF + Excel

Solid Masterbatches Market Overview

The solid masterbatches market size is estimated to reach US$15.5 billion by 2027, growing at a CAGR of around 4.7% from 2022 to 2027. The solid masterbatch is a concentrated mixture of additives, pigments, flame retardants such as antimony oxide, chlorendic acid, tricresyl phosphate, and others. The solid masterbatches are used in the production of polymers due to their UV stabilizing, antistatic, and flame retardation properties. The rising demand of the solid masterbatches in the plastic manufacturing and packaging is creating a drive in the solid masterbatches market. Furthermore, the increasing application of the solid masterbatches and plastic material in construction, automotive, packaging, and other end-use industries will lead to growth in the global solid masterbatches industry during the forecast period.

COVID-19 Impact

The solid masterbatches market was majorly impacted by the disruption during the COVID-19 pandemic. The disturbance in production, logistics disruption, rising demand and supply gap, and other lockdown restrictions led to major decline in the growth prospects in the market. The solid masterbatches has rising application in the automotive sector. The automotive industry experienced major decline in the covid-19 outbreak. The automotive production, assembling activities, distribution, and others faced shutdown and delay. Moreover, various assembly plants were closed across the world, along with rising labor shortages and restrictions on transportation. According to the International Organization of Motor Vehicle Manufacturers (OICA), the automotive production saw a decline of 21% in Europe, 19% in U.S., 32% in Brazil, 35% in Africa, and 10% in Asia. The declining demand for automotive sector led to major fall in solid masterbatches applications such as steering wheels, engine components, and others. Thus, with declining applications and growth, the solid masterbatches saw a major slowdown in the covid-19 outbreak.

Report Coverage

The “Solid Masterbatches Market Report – Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments of the solid masterbatches industry outlook.

By Type: Black, White, Color, Additive, and Special Effect
By Polymer: High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polyurethane (PUR), and Others
By Application: Plastic Processing, Cables, Insulation Materials, Steering Wheels, PVC Composites, Water Proofing Membranes, Medicinal Packaging, and Others
By End Use Industry: Construction (Residential, Commercial, Industrial), Automotive (Passenger Vehicle, Commercial Vehicle), Packaging, Aerospace, Medical, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

  • The solid masterbatches market size will increase owing to its growing application in plastic processing, packaging, textiles, medical packaging, and others during the forecast period.
  • The Asia Pacific region held the largest market share in the solid masterbatches industry due to rising production in automotive sector, rise in food & beverage packaging demand, and various construction projects in APAC, thereby boosting the demand for the solid masterbatches.
  • The color masterbatches type is experiencing growth in the market owing to its high demand in polymer coloring, lightweight, durability, and conductivity properties.

Figure: Asia Pacific Solid Masterbatches Market Revenue, 2021-2027 (US$ Billions)

Solid Masterbatches Market Revenue

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Solid Masterbatches Market Segment Analysis – By Type

By type, the color segment accounted for the largest share in the solid masterbatches market and is expected to grow by around 4.4% during the forecast period. The increasing application of the color masterbatches for plastic packaging across various industrial verticals, majorly in flexible packaging sector is creating high demand of the color solid masterbatch in the market. The color type provides light stability, conductivity, and coloring features in the plastics. The demand of color masterbatch type in packaging sector for plastic packaging films, sheets, and others is growing. According to the India Brand Equity Foundation (IBEF), the packaging sector in India is estimated to grow from USD 50.5 billion in 2019 to USD 204.81 billion by 2025. Moreover, the rise in food packaging, pharmaceutical packaging, and other packaging applications is boosting the demand of the color solid masterbatches. Thus, with increasing usage of color solid masterbatches in flexible plastic packaging sector, the solid masterbatches will grow in the coming years.

Solid Masterbatches Market Segment Analysis – By End-Use Industry

By end-use industry, the packaging segment holds the largest solid masterbatches market share and will grow at a CAGR of over 4.9% during the forecast period. The growth of the solid masterbatches in the packaging sector is influenced by its rising demand in luxury goods packaging, medicinal, food & beverage packaging, and others. The solid masterbatch plastics films or sheets has improved strength, texture, and anti-microbial features, which makes it ideal for wide range of packaging applications. The high demand for the color solid masterbatches type in food & beverage packaging, pharmaceuticals packaging, and others is offering major growth in the solid masterbatches industry. According to the Flexible Packaging Association (FPA), the sales in the flexible packaging sector in United States accounted for USD 33.6 billion in 2019. Furthermore, the solid masterbatches aids in increasing the recyclability of the blow-molded plastics, extruded, and molded plastics in the packaging sector. Thus, with high demand in packaging industry, the solid masterbatches will grow during the forecast period.

Solid Masterbatches Market Segment Analysis – By Geography

By geography, the Asia Pacific segment is the fastest-growing region in the solid masterbatches market and will grow by over 4.1% during the forecast period. The growth of solid masterbatches market in this region is influenced by high demand in various end-use industries such as automotive, packaging, construction, and others. The growing automotive production is major countries such as China, India, and others is boosting the demand of solid masterbatches application in automotive components such as steering wheels, dashboards, and other vehicle components. According to the China Association of Automobile Manufacturers (CAAM), the production of automobiles in China showed an 8.7% year-on-year for the passenger cars in January 2022. The shift from metal components to plastics in automotive sector is offering growth for the solid masterbatches. Furthermore, the increasing use of color masterbatches for various packaging applications for food & beverage, medical, and others in APAC region is propelling the demand in the market. The composition of additives, flame retardant elements such as magnesium hydroxide, antimony oxide, tricresyl phosphate, and others in plastics and enhances the properties in plastics packaging or other products. Thus, with rising production and demand of solid masterbatches in automotive, plastic packaging, construction, and others in Asia Pacific, the solid masterbatches industry will grow rapidly in the coming years.

Solid Masterbatches Market– Drivers

Growing demand from the automotive industry

The application of the solid masterbatches in automotive sector is growing rapidly. It is used in various automotive components such as dashboards, steering wheels, side view mirrors, radiator fan, engine components, and others. The shift from metal products to light-weight plastic in automotive sector is influencing the growth of solid masterbatches. The use of solid masterbatches in automotive offers fuel efficiency and matches regulations for the GHG emissions. According to the Society of Indian Automobile Manufacturers (SIAM), sales of passenger vehicles in India accounted for around 2.7 million in 2020-21. The rising automotive production and growth is driving the market of solid masterbatches and boosts the demand for the solid masterbatches in automotive applications. Thus, the solid masterbatches is growing and experiencing major growth in the market.

Increasing applications in the building and construction sector

The solid masterbatches has growing application in the construction sector. The solid masterbatch plastics are used in various construction activities such as roofing, barricades, doors & windows, reflectors, and others. The solid masterbatches products such as PVC and CPVC are used in various residential and commercial buildings and construction sector. According to the United States Census Bureau, the total construction spending annual rate in U.S. accounted for around USD 1.67 millions in January 2022. The increasing demand of masterbatches owing to its fire resistance, light weight, and efficient functioning in extreme weather conditions features. Thus, the growing construction and infrastructure project is driving the solid masterbatches market and providing growth in the market.

Solid Masterbatches Market– Challenges

Environmental regulations on non-biodegradability of plastics

The demand of solid masterbatches in plastics for application in various industries is rising. However, the stringent environmental regulation on non-biodegradability of plastics such as PVC, PP, PET, and others is creating a major challenge in the solid masterbatches market. The usage for the conventional non-biodegradable plastics faces various restrictions and regulations due to rising threat to the environment from their accumulation. For instance, the United States Food and Drug Association (FDA) and European Union encourage the strict regulations and restriction for the additive masterbatches that are used in plastic food connected materials. Thus, the solid masterbatches faces major growth restriction and challenge with the stringent regulations on plastics materials.

Solid Masterbatches Industry Outlook

The solid masterbatches top 10 companies include:

  1. Clariant AG
  2. Ampacet Corporation
  3. Tosaf Group
  4. Polyone Corporation
  5. Plastika Kritis S.A.
  6. Hubron International
  7. BASF SE
  8. Americhem
  9. Techmer
  10. Uniform Color Co.

Recent Developments

  • In October 2021, the Chroma Color Corporation made acquisition of the J. Meyer & Sons, Inc., a leading manufacturer of the color concentrates and masterbatches with the aim to strengthen applications in medical sector and boost the business portfolio.
  • In July 2020, the PolyOne Corporation, a leading provider of the polymer materials and sustainable solutions acquired the color and additive masterbatch business of the Clariant Chemicals India Ltd.
  • In October 2019, the Clariant launched a patent-protected CESA protect additive masterbatch for the polyethene terephthalate (PET) packaging. This launch provides extended shelf life of packaged items such as food and beverages.

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Color Concentrates Market – Forecast (2022 - 2027)

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1. Solid Masterbatches Market- Market Overview
   1.1 Definitions and Scope
2. Solid Masterbatches Market - Executive Summary
   2.1 Key Trends by Type
   2.2 Key Trends by Polymer
   2.3 Key Trends by Application
   2.4 Key Trends by End-Use Industry
   2.5 Key Trends by Geography
3. Solid Masterbatches Market – Comparative analysis
   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. Solid Masterbatches 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. Solid Masterbatches 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. Solid Masterbatches 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. Solid Masterbatches 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. Solid Masterbatches Market – By Type (Market Size -$Million/Billion)
   8.1 Black
   8.2 White
   8.3 Color
   8.4 Additive
   8.5 Special Effect
9. Solid Masterbatches Market – By Polymer (Market Size -$Million/Billion)
   9.1 High Density Polyethylene
   9.2 Low Density Polyethylene
   9.3 Polypropylene
   9.4 Polyvinyl Chloride
   9.5 Polyethylene Terephthalate
   9.6 Polyurethane
   9.7 Others
10. Solid Masterbatches Market – By Application (Market Size -$Million/Billion)
   10.1 Plastic Processing
   10.2 Cables
   10.3 Insulation Materials
   10.4 Steering Wheels
   10.5 PVC Composites
   10.6 Water Proofing Membranes
   10.7 Medicinal Packaging
   10.8 Others
11. Solid Masterbatches Market - By End-Use Industry (Market Size -$Million/Billion)
   11.1 Construction
      11.1.1 Commercial
      11.1.2 Industrial
      11.1.3 Residential
   11.2 Automotive
      11.2.1 Passenger Vehicles
      11.2.2 Commercial Vehicles
   11.3 Packaging
   11.4 Aerospace
   11.5 Medical
   11.6 Others
12. Solid Masterbatches Market - By Geography (Market Size -$Million/Billion)
   12.1 North America
      12.1.1 USA
      12.1.2 Canada
      12.1.3 Mexico
   12.2 Europe
      12.2.1 UK
      12.2.2 Germany
      12.2.3 France
      12.2.4 Italy
      12.2.5 Netherlands
      12.2.6 Spain
      12.2.7 Russia
      12.2.8 Belgium
      12.2.9 Rest of Europe
   12.3 Asia-Pacific
      12.3.1 China
      12.3.2 Japan
      12.3.3 India
      12.3.4 South Korea
      12.3.5 Australia and New Zeeland
      12.3.6 Indonesia
      12.3.7 Taiwan
      12.3.8 Malaysia
      12.3.9 Rest of APAC
   12.4 South America
      12.4.1 Brazil
      12.4.2 Argentina
      12.4.3 Colombia
      12.4.4 Chile
      12.4.5 Rest of South America
   12.5 Rest of the World
   12.5.1 Middle East
      12.5.1.1 Saudi Arabia
      12.5.1.2 UAE
      12.5.1.3 Israel
      12.5.1.4 Rest of the Middle East
   12.5.2 Africa
      12.5.2.1 South Africa
      12.5.2.2 Nigeria
      12.5.2.3 Rest of Africa
13. Solid Masterbatches Market – Entropy
   13.1 New Product Launches
   13.2 M&As, Collaborations, JVs and Partnerships
14. Solid Masterbatches Market – Industry/Competition Segment Analysis Premium
   14.1 Company Benchmarking Matrix – Major Companies
   14.2 Market Share at Global Level - Major companies
   14.3 Market Share by Key Region - Major companies
   14.4 Market Share by Key Country - Major companies
   14.5 Market Share by Key Application - Major companies
   14.6 Market Share by Key Product Type/Product category - Major companies
15. Solid Masterbatches Market – Key Company List by Country Premium Premium
16. Solid Masterbatches Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
   16.1 Company 1
   16.2 Company 2
   16.3 Company 3
   16.4 Company 4
   16.5 Company 5
   16.6 Company 6
   16.7 Company 7
   16.8 Company 8
   16.9 Company 9
   16.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies*"

LIST OF TABLES

1.Global Solid Masterbatches Market Analysis and Forecast By Product Type Market 2019-2024 ($M)
2.Global Solid Masterbatches Market Analysis and Forecast By End User Market 2019-2024 ($M)
3.Global Solid Masterbatches Market Analysis and Forecast By Color Type Market 2019-2024 ($M)
4.Global Solid Masterbatches Market Analysis and Forecast By Product Type Market 2019-2024 (Volume/Units)
5.Global Solid Masterbatches Market Analysis and Forecast By End User Market 2019-2024 (Volume/Units)
6.Global Solid Masterbatches Market Analysis and Forecast By Color Type Market 2019-2024 (Volume/Units)
7.North America Solid Masterbatches Market Analysis and Forecast By Product Type Market 2019-2024 ($M)
8.North America Solid Masterbatches Market Analysis and Forecast By End User Market 2019-2024 ($M)
9.North America Solid Masterbatches Market Analysis and Forecast By Color Type Market 2019-2024 ($M)
10.South America Solid Masterbatches Market Analysis and Forecast By Product Type Market 2019-2024 ($M)
11.South America Solid Masterbatches Market Analysis and Forecast By End User Market 2019-2024 ($M)
12.South America Solid Masterbatches Market Analysis and Forecast By Color Type Market 2019-2024 ($M)
13.Europe Solid Masterbatches Market Analysis and Forecast By Product Type Market 2019-2024 ($M)
14.Europe Solid Masterbatches Market Analysis and Forecast By End User Market 2019-2024 ($M)
15.Europe Solid Masterbatches Market Analysis and Forecast By Color Type Market 2019-2024 ($M)
16.APAC Solid Masterbatches Market Analysis and Forecast By Product Type Market 2019-2024 ($M)
17.APAC Solid Masterbatches Market Analysis and Forecast By End User Market 2019-2024 ($M)
18.APAC Solid Masterbatches Market Analysis and Forecast By Color Type Market 2019-2024 ($M)
19.MENA Solid Masterbatches Market Analysis and Forecast By Product Type Market 2019-2024 ($M)
20.MENA Solid Masterbatches Market Analysis and Forecast By End User Market 2019-2024 ($M)
21.MENA Solid Masterbatches Market Analysis and Forecast By Color Type Market 2019-2024 ($M)

LIST OF FIGURES

1.US Solid Masterbatches Market Revenue, 2019-2024 ($M)
2.Canada Solid Masterbatches Market Revenue, 2019-2024 ($M)
3.Mexico Solid Masterbatches Market Revenue, 2019-2024 ($M)
4.Brazil Solid Masterbatches Market Revenue, 2019-2024 ($M)
5.Argentina Solid Masterbatches Market Revenue, 2019-2024 ($M)
6.Peru Solid Masterbatches Market Revenue, 2019-2024 ($M)
7.Colombia Solid Masterbatches Market Revenue, 2019-2024 ($M)
8.Chile Solid Masterbatches Market Revenue, 2019-2024 ($M)
9.Rest of South America Solid Masterbatches Market Revenue, 2019-2024 ($M)
10.UK Solid Masterbatches Market Revenue, 2019-2024 ($M)
11.Germany Solid Masterbatches Market Revenue, 2019-2024 ($M)
12.France Solid Masterbatches Market Revenue, 2019-2024 ($M)
13.Italy Solid Masterbatches Market Revenue, 2019-2024 ($M)
14.Spain Solid Masterbatches Market Revenue, 2019-2024 ($M)
15.Rest of Europe Solid Masterbatches Market Revenue, 2019-2024 ($M)
16.China Solid Masterbatches Market Revenue, 2019-2024 ($M)
17.India Solid Masterbatches Market Revenue, 2019-2024 ($M)
18.Japan Solid Masterbatches Market Revenue, 2019-2024 ($M)
19.South Korea Solid Masterbatches Market Revenue, 2019-2024 ($M)
20.South Africa Solid Masterbatches Market Revenue, 2019-2024 ($M)
21.North America Solid Masterbatches By Application
22.South America Solid Masterbatches By Application
23.Europe Solid Masterbatches By Application
24.APAC Solid Masterbatches By Application
25.MENA Solid Masterbatches By Application
26.Competition Landscape, Sales /Revenue, 2015-2018 ($Mn/$Bn)