China Masterbatch Market Size & Outlook, 2021-2028
China masterbatch market, 2017-2028 (US$M)
Related Markets
China masterbatch market highlights
- The China masterbatch market generated a revenue of USD 798.8 million in 2021 and is expected to reach USD 1,273.5 million by 2028.
- The China market is expected to grow at a CAGR of 6.9% 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 798.8 million |
| Market revenue in 2028 | USD 1,273.5 million |
| Growth rate | 6.9% (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, China accounted for 20.4% 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 Asia Pacific, China masterbatch market is projected to lead the regional market in terms of revenue in 2028.
- Malaysia is the fastest growing regional market in Asia Pacific and is projected to reach USD 373.9 million by 2028.
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Masterbatch Market Scope
Masterbatch Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 29.22% in 2021. Horizon Databook has segmented the China masterbatch market based on white, black, color, additive, filler, biodegradable covering the revenue growth of each sub-segment from 2017 to 2028.
China is the dominant country in the Asian masterbatch industry. High number of regional-level masterbatch manufacturers offering competitive prices is an important growth factor boosting investment in masterbatch manufacturing in China.
The prevailing business conditions and the growing masterbatch consumption in the automotive, electronics, and packaging industries have propelled UK based Colloids Plastic (Suzhou) Co, Ltd to increase its masterbatch manufacturing capacity in China.
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Target buyers of China 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 country-level data and insights on the China masterbatch market , including forecasts for subscribers. This country databook contains high-level insights into China masterbatch market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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China masterbatch market size, by type, 2017-2028 (US$M)
China Masterbatch Market Outlook Share, 2021 & 2028 (US$M)
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