Lucintel Forecasts Masterbatch Market to Reach $14.0 billion by 2030
The future of the global masterbatch market looks promising with opportunities in packaging, building and construction, consumer goods, transportation, electrical and electronics, and fiber & textiles end uses. The global masterbatch market is expected to reach an estimated $14 billion by 2030 with a CAGR of 3% 2023 to 2030. The major drivers for growth in this market are 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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Lucintel forecasts packaging will remain the largest end use by value and volume due to increasing consumption of packaged consumer goods. Fibers/textile is expected to witness highest growth over the forecast period.
Color masterbatch is expected to be the largest market by value and volume and it is also expected to witness fastest growth over the forecast period because it’s used for special effect and colors to distinguish products.
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.
Lyondell Basell, Cabot Corporation, Polyone, Ampacet Corporation, Plasti Blends, Tosaf Group, Polyplast, Podder Pigments, and Gabriel Chemic GmbH are the major supplier in the masterbatch market.
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 write us at helpdesk@lucintel.com
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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