North America Masterbatch Market Size & Outlook, 2021-2028

The masterbatch market in North America is expected to reach a projected revenue of US$ 1,638.6 million by 2028. A compound annual growth rate of 6.1% is expected of North America masterbatch market from 2022 to 2028.
Revenue, 2021 (US$M)
$1,086.0
Forecast, 2028 (US$M)
$1,638.6
CAGR, 2022 - 2028
6.1%
Report Coverage
North America

North America masterbatch market highlights

  • The North America masterbatch market generated a revenue of USD 1,086.0 million in 2021.
  • The market is expected to grow at a CAGR of 6.1% 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, U.S. is expected to register the highest CAGR from 2022 to 2028.


North America data book summary

Market revenue in 2021USD 1,086.0 million
Market revenue in 2028USD 1,638.6 million
Growth rate6.1% (CAGR from 2021 to 2028)
Largest segmentBlack
Fastest growing segmentBlack
Historical data covered2017 - 2020
Base year for estimation2021
Forecast period covered2022 - 2028
Quantitative unitsRevenue in USD million
Market segmentationWhite, Black, Color, Additive, Filler, Biodegradable
Key market players worldwideLyondellBasell 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, North America region accounted for 27.7% 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 segmentation & scope
White
Black
Color
Additive
Filler
Biodegradable
Polypropylene
Polyethylene
Polyvinyl Chloride
Polyethylene Terephthalate
Biodegradable Plastics
Packaging
Building & Construction
Consumer Goods
Automotive & Transportation
Agriculture
Others

Masterbatch Market Companies

Name Profile # Employees HQ Website

North 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 28.61% 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.

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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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North America masterbatch market size, by country, 2017-2028 (US$M)

North America Masterbatch Market Outlook Share, 2021 & 2028 (US$M)

North America masterbatch market size, by country, 2017-2028 (US$M)

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