Masterbatch Market Analysis

Masterbatch Market Analysis

In terms of revenue share, masterbatch market from black masterbatch segment is estimated to surpass USD 6.5 billion by 2032. Black masterbatches are considered to be the most popular products used in plastic products owing to their resistance to high temperature, electrical conductivity, and heat dissipation. They also ensure uniform distribution with high jetness along with ultraviolet light stability, which makes them an ideal component in construction materials such as cables and pipes, automotive parts, and packaging boxes. An increasing focus on carbon emission reduction has also led to the development of black masterbatches with 100% recycled carbon black.
 

Masterbatch market share from consumer goods applications is projected to record a 5.5% CAGR through 2032. Consumer goods applications of masterbatches encompass a broad spectrum of commodities including electronics such as tablets, computers, and mobile phones. Masterbatch is also used in a wide variety of personal care products and home appliances, such as shampoo bottles, toothbrushes, refrigerators, and coolers. The primary function of masterbatches is to induce desired aesthetic value along with performance characteristics. Rising disposable income, higher living standards, and technology trends, including s smart home appliances will propel the demand for masterbatches across consumer goods applications.|
 

Asia Pacific masterbatch market size was valued at more than USD 5.4 billion in 2022. Massive plastic production and the presence of large plastic manufacturers in the developing economies of APAC are expected to expedite industry expansion across the region. For instance, China is the largest plastic producer in the world accounting for nearly 31% of the global production. Due to robust production output, China also contributes significantly to plastic waste.