Latin America Masterbatch Market Size & Outlook, 2021-2028
Latin America masterbatch market, 2017-2028 (US$M)
Related Markets
Latin America masterbatch market highlights
- The Latin America masterbatch market generated a revenue of USD 223.8 million in 2021.
- The market is expected to grow at a CAGR of 5.4% 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, Brazil is expected to register the highest CAGR from 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 223.8 million |
| Market revenue in 2028 | USD 323.6 million |
| Growth rate | 5.4% (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, Latin America region accounted for 5.7% 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 |
|---|
Latin America 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 28.82% in 2021. Horizon Databook has segmented the Latin America masterbatch market based on white, black, color, additive, filler, biodegradable covering the revenue growth of each sub-segment from 2017 to 2028.
Central & South America is becoming a major automotive hub due to high automobile production in Brazil. According to the Ministry of Trade of Colombia, there are eight vehicle assembly plants set up in Colombia, representing 32% of car sales and 99% of the country’s production.
The countries in Central & South America have also established free trade agreements with the European Union, China, Association of Southeast Asian Nations (ASEAN), and NAFTA, which is expected to drive automobile production in the region.
The growing automotive industry is expected to create more growth opportunities for masterbatch in Central & South America. In addition, growth in road transportation infrastructure is another factor that is likely to trigger the growth of the automotive segment in the region, which, in turn, is expected to boost the growth of the masterbatch market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America masterbatch market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America masterbatch market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America masterbatch market size, by country, 2017-2028 (US$M)
Latin America Masterbatch Market Outlook Share, 2021 & 2028 (US$M)
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