Asia Pacific Masterbatch Market Size & Outlook, 2021-2028
Asia Pacific masterbatch market, 2017-2028 (US$M)
Related Markets
Asia Pacific masterbatch market highlights
- The Asia Pacific masterbatch market generated a revenue of USD 1,157.7 million in 2021.
- The market is expected to grow at a CAGR of 5.7% from 2022 to 2028.
- In terms of segment, black was the largest revenue generating type in 2021.
- Black is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Malaysia is expected to register the highest CAGR from 2022 to 2028.
Asia Pacific data book summary
| Market revenue in 2021 | USD 1,157.7 million |
| Market revenue in 2028 | USD 1,708.8 million |
| Growth rate | 5.7% (CAGR from 2021 to 2028) |
| Largest segment | Black |
| Fastest growing segment | Black |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | White, Black, Color, Additive, Filler, Biodegradable |
| Key market players worldwide | LyondellBasell Industries NV Class A, Cabot Corp, Clariant AG, Ampacet Corporation, Hubron International, Penn Color, Plastiblends India, Avient Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.6% of the global masterbatch market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2028.
- Europe is the fastest growing regional market and is projected to reach USD 1,991.6 million by 2028.
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Masterbatch Market Scope
Masterbatch Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific masterbatch market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to masterbatch market will help companies and investors design strategic landscapes.
Black was the largest segment with a revenue share of 28.45% in 2021. Horizon Databook has segmented the Asia Pacific masterbatch market based on white, black, color, additive, filler, biodegradable covering the revenue growth of each sub-segment from 2017 to 2028.
The demand for masterbatch in Asia Pacific is growing because of its increasing consumption in enduse sectors such as packaging, building & construction, automotive, and consumer goods.
Major market players are engaged in investing in research & development to cater to the changing needs of customers in the region. The demand for color-type masterbatch is projected to grow because of its ability to impart distinctive color and special effects.
The color dispersion property of these masterbatch helps enhance the external appearance of products, which, in turn, is projected to boost the sales of color masterbatch in the region over the forecast period.
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Target buyers of Asia Pacific masterbatch market databook
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Our clientele includes a mix of masterbatch market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific masterbatch market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific masterbatch market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Asia Pacific masterbatch market size, by country, 2017-2028 (US$M)
Asia Pacific Masterbatch Market Outlook Share, 2021 & 2028 (US$M)
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