Europe Masterbatch Market Size & Outlook, 2021-2028
Europe masterbatch market, 2017-2028 (US$M)
Related Markets
Europe masterbatch market highlights
- The Europe masterbatch market generated a revenue of USD 1,305.1 million in 2021.
- The market is expected to grow at a CAGR of 6.2% 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, Germany is expected to register the highest CAGR from 2022 to 2028.
Europe data book summary
| Market revenue in 2021 | USD 1,305.1 million |
| Market revenue in 2028 | USD 1,991.6 million |
| Growth rate | 6.2% (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, Europe region accounted for 33.3% 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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Europe 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 26.39% in 2021. Horizon Databook has segmented the Europe masterbatch market based on white, black, color, additive, filler, biodegradable covering the revenue growth of each sub-segment from 2017 to 2028.
Rising investments in the research & development and government support for the development of bioplastic are projected to fuel the growth of masterbatch in the region. Masterbatch is used in the manufacturing bioplastics and provides them with color and durability.
The growing consumer awareness about bioplastics and the environment are projected to the drive the demand for masterbatch over the forecast period. Polymer manufacturers in the European region are increasingly using color masterbatch to produce different types of plastics.
In addition, concerns of the European Union regarding reduction in greenhouse gas emission and weight of vehicles are projected to boost the demand for plastic parts. The increased demand is likely to augment the growth of color masterbatch in Europe over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe masterbatch market , including forecasts for subscribers. This continent databook contains high-level insights into Europe masterbatch market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Europe masterbatch market size, by country, 2017-2028 (US$M)
Europe Masterbatch Market Outlook Share, 2021 & 2028 (US$M)
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