Masterbatch Market

The masterbatch market size was USD 12.9 billion in 2023 and is projected to reach USD 16.8 billion by 2028, at a CAGR of 5.4% during the forecast period. This growth in masterbatch market is mainly driven by the need for innovation and attractive plastic products from the packaging industry. Masterbatch is a blend of additives, pigments, and carrier resin. It finds it functionality as a chemical ingredient to enhance that can enhance properties of plastics and give shades of color. Most of the polymer manufacturers have switched from compounding to masterbatch, as the processing method of plastics.

The key players in this market are Avient Corporation (US), Ampacet Corporation (US), LyondellBasell Industries Holdings B.V. (US), Cabot Corporation (US), Plastika Kritis S.A. (Greece), Plastiblends (India), Hubron International (UK), Tosaf Group Ltd (Israel), Penn Color, Inc. (US), and Americhem (US).and others.

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Avient Corporation is one of the major players in the masterbatch business, catering to a diverse range of application segments. To meet the increasing market demand, the company acquired Clariant AG’s masterbatch business. This is expected to help the company create a strong and growing patent portfolio. It also emphasizes increasing its presence by establishing operations in growing markets of Asia Pacific and the Middle East & Africa. The company has manufacturing, sales, and service facilities located throughout North America, South America, Asia, Europe, the Middle East, and Africa.

LyondellBasell is one of the largest plastic chemicals and refining companies in the world. After acquiring A. Schulman Inc. in 2018, now occupies one of the top five positions in the masterbatch industry. It has a strong distribution network, and its products find applications in all major industries. The company’s products, and technologies are creating sustainable solutions for access to clean water, food safety, healthcare, and fuel efficiency in more than a hundred national and international markets.

Related Reports:

Masterbatch Market by Type (Color, Additive, White, Black, Filler), Polymer (PP, LDPE & LLDPE, HDPE, PVC, PET, PUR, PS), Application (Packaging, Building & Construction, Automotive, Consumer Goods, Textile, Agriculture), & Region - Global Forecast to 2028

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