Market revenue in 2021 | USD 1,086.0 million |
Market revenue in 2028 | USD 1,638.6 million |
Growth rate | 6.1% (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 |
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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 28.61% in 2021. Horizon Databook has segmented the North America masterbatch market based on white, black, color, additive, filler, biodegradable covering the revenue growth of each sub-segment from 2017 to 2028.
North America masterbatch market is likely to witness growth on account of increased product demand from various end-use industries such as packaging, automotive, and consumer goods.
The growth in infrastructure spending is projected to lead to an increase in construction activities, in turn, boosting the demand for plastic construction components, thereby fueling the demand for masterbatch over the forecast period.
In the plastic manufacturing process, friction caused due to fast-operating equipment induces an electric charge on the plastic surface. This static charge attracts dust particles and their accumulation on the surface may increase during the subsequent phases of the supply chain, including storage and transportation.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America masterbatch market , including forecasts for subscribers. This continent databook contains high-level insights into North America masterbatch market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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