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Masterbatch Market Size, Share & Industry Forecast to 2032
According to Fortune Business Insights the global masterbatch market was valued at USD 10.99
billion in 2018 and is expected to grow to USD 16.35 billion by 2026, registering a compound annual
growth rate (CAGR) of 5.3% over the forecast period.
A solid or liquid ingredient called a masterbatch is used to paint or impart certain qualities to
polymers. Plastic objects are given colour or shade using coloured masterbatch. Properties like
energy, effect, UV stabiliser, biodegradable, antioxidant, and others can be communicated using
them. The ideal product would be a mixture of pigment, additives, and carrier resin that has been
heated, cooled, and then chopped into granular form. During the production of plastics, it aids the
processor in efficiently colouring raw polymer.
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Masterbatches Market Segmentation Analysis:
Color Segment to Dominate Market During Forecast Period
Based on type, the market is classified into white, black, color, additive, and fillers. The white
segment held the major share of the market.
Polyethylene to be Leading Segment Over Forecast Period
In terms of application, the market is segmented into polyethylene, polypropylene, polyvinyl
chloride, polyethylene terephthalate, and others.
Packaging Segment to Account for Major Share Over Forecast Period
In terms of end-use, the market is segmented into packaging, building & construction, consumer
good, automotive, agriculture, and others. The packaging segment accounts for the major share in
the forecast timeframe.
Geographically, the market is segregated into North America, Europe, Asia Pacific, Latin America,
and the Middle East & Africa.
List of Masterbatches Market Manufacturers include:
 Ampacet Corporation
 PolyOne
 PLASTIKA KRITIS S.A.
 Hubron International
 Penn Color Inc.
 Clariant
 Schulman, Inc.
 Cabot Corporation
 Plastiblends
 Tosaf
 Other Players
Key Factors Driving Masterbatch Market Growth:
1. Construction Industry Expansion
 The global construction industry is the largest consumer of raw materials and is growing at
4.2% annually.

Increasing residential, non-residential, and infrastructure projects are boosting demand.
 High investment in transportation, telecommunications, and utilities is driving market
momentum.
2. Growth in Plastic Packaging Industry
 Rapid growth of organized retail and e-commerce driving demand for creative, durable
plastic packaging.
 Expanding food & beverage sector increasing the need for plastic packaging to enhance shelf
life and food quality.
 Surge in pharmaceutical packaging demand due to compliance, safety, and functionality
needs.
3. Rising Demand in Automotive Industry
 Strong vehicle sales globally, with 99.7 million vehicles sold in 2018.
 China and India driving demand; India ranked 4th globally in automobile market size in 2018.

Increasing sales of electric and light-duty vehicles, especially in Europe and Japan.

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4. Increasing Use of Plastics in Multiple Sectors
 Masterbatch essential for modifying base polymers with desired color and functional
properties.
 Used to accelerate biodegradation of conventional plastics and enhance product appeal.
 Supports sustainability efforts while maintaining product quality and visual appeal.
Major Industry Developments of the Market include:
February 2019 – PLA masterbatches were launched by Viba, a masterbatch producer in Italy. It is a
range of color concentrating additives or combining masterbatches based on a PLA carrier material
and optimized for various processing technologies.
December 2019 – Clariant Color and Masterbatches Additives Company were acquired by PolyOne
Corporation for introducing specialized technology and solutions to the end-user market for apparel,
packaging, and healthcare.
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