Market Size of Masterbatch Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Masterbatch Market Analysis
The global masterbatch market is projected to register a CAGR of almost 5% during the forecast period (2022-2027).
The market was negatively impacted by COVID-19 in 2020. The COVID-19 outbreak in the first half of 2020 substantially impacted the numerous end-user industries of automotive, transportation, and building and construction. However, by 2021, the situation stabilized, and the market is expected to rise healthily in the current year.
Over the short term, increasing demand for plastic in the automotive industry due to its ability to reduce weight and space needs while simultaneously boosting fuel efficiency are some driving factors stimulating the market demand.
On the other hand, fluctuations in raw material prices, such as polymers, titanium oxide, and calcium carbonate, could hinder the market's growth.
The rising demand for biobased masterbatch will likely create opportunities for the market in the coming years.
The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
