Middle East & Africa Masterbatch Market Size & Outlook
Middle East & Africa masterbatch market, 2017-2028 (US$M)
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MEA masterbatch market highlights
- The MEA masterbatch market generated a revenue of USD 141.5 million in 2021.
- The market is expected to grow at a CAGR of 4.5% 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.
MEA data book summary
| Market revenue in 2021 | USD 141.5 million |
| Market revenue in 2028 | USD 192.7 million |
| Growth rate | 4.5% (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, MEA region accounted for 3.6% 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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Middle East & Africa 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 28.55% in 2021. Horizon Databook has segmented the Middle East & Africa masterbatch market based on white, black, color, additive, filler, biodegradable covering the revenue growth of each sub-segment from 2017 to 2028.
The abundant availability of raw materials like carbon black and carrier polymers for masterbatch manufacturing is anticipated to boost masterbatch production in the region. Infrastructure development has emerged as a lucrative investment sector in Saudi Arabia, United Arab Emirates, Iran, Iraq, Oman, Qatar, Kuwait, and Bahrain.
The Middle East countries mentioned above frequently encounter dust storms due to their proximity to the Sahara Desert. Roofing materials have to endure the impact of dust particles and prevent the pitting of surfaces. Filler masterbatch provides impact resistance to the plastic sheets used for roofing, windows, and doors.
Also, the high temperatures in these regions require plastic to resist UV degradation, driving the market for additive masterbatch. The expansion of infrastructure is projected to propel the demand for architectural fittings, which, in turn, is anticipated to drive the masterbatch market over the forecast period.
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Our clientele includes a mix of masterbatch market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa masterbatch market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa masterbatch market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Masterbatch Market Outlook Share, 2021 & 2028 (US$M)
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