India Masterbatch Market Size & Outlook, 2021-2028
India masterbatch market, 2017-2028 (US$M)
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India masterbatch market highlights
- The India masterbatch market generated a revenue of USD 607.9 million in 2021 and is expected to reach USD 945.4 million by 2028.
- The India market is expected to grow at a CAGR of 6.5% 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 607.9 million |
| Market revenue in 2028 | USD 945.4 million |
| Growth rate | 6.5% (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, India accounted for 15.5% 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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India 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 India masterbatch market based on white, black, color, additive, filler, biodegradable covering the revenue growth of each sub-segment from 2017 to 2028.
Additive masterbatch is used to impart properties required by the polymer mixture. Carrier polymers are used in additive masterbatch to enhance the durability, chemical resistance, color, and anti-block property of a polymer resin. Polypropylene is used as carrier polymer in masterbatch to impart strength, wear resistance, and durability.
Since the automotive companies are focused on developing lightweight vehicles, additive masterbatch can help attain such production goals and witness an upward trend over the forecast period. According to the Ministry of Commerce & Industry, agriculture is the primary source of livelihood for about 58% of India’s population.
The country is among the 15 leading exporters of agricultural products globally. Masterbatch are used to manufacture mulch films and impart improved opacity, weathering resistance, tear resistance, puncture resistance, and tack properties.
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Horizon Databook provides a detailed overview of country-level data and insights on the India masterbatch market , including forecasts for subscribers. This country databook contains high-level insights into India masterbatch market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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India masterbatch market size, by type, 2017-2028 (US$M)
India Masterbatch Market Outlook Share, 2021 & 2028 (US$M)
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