Brazil Masterbatch Market Size & Outlook, 2021-2028
Brazil masterbatch market, 2017-2028 (US$M)
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Brazil masterbatch market highlights
- The Brazil masterbatch market generated a revenue of USD 80.1 million in 2021 and is expected to reach USD 117.3 million by 2028.
- The Brazil market is expected to grow at a CAGR of 5.6% 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.
Masterbatch market data book summary
| Market revenue in 2021 | USD 80.1 million |
| Market revenue in 2028 | USD 117.3 million |
| Growth rate | 5.6% (CAGR from 2021 to 2028) |
| Largest segment | Black |
| Fastest growing segment | Black |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Brazil accounted for 2.0% of the global masterbatch market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil masterbatch market is projected to lead the regional market in terms of revenue in 2028.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 117.3 million by 2028.
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Masterbatch Market Scope
Masterbatch Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 28.84% in 2021. Horizon Databook has segmented the Brazil 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 is supported by growth in packaging segment due to increasing demand for food, medical, and pharmaceutical goods in the country. ANVISA (the National Health Surveillance Agency) is responsible for enforcing regulations for packaged food products and food packaging materials.
Regulations related to food packaging are expected to drive the demand for additive masterbatch since they provide necessary properties to the plastics. Moreover, the government of Brazil has extended tax breaks, which has helped automotive manufacturers to manage operational expenditure.
The rising middle-class population and growing disposable income are major reason favoring the growth of automotive sector. The growing automotive sector in Brazil is expected to drive the demand for automotive plastics, which, in turn, may fuel the masterbatch market growth in Brazil.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil masterbatch market , including forecasts for subscribers. This country databook contains high-level insights into Brazil masterbatch market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Brazil masterbatch market size, by type, 2017-2028 (US$M)
Brazil Masterbatch Market Outlook Share, 2021 & 2028 (US$M)
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