UK Masterbatch Market Size & Outlook, 2021-2028
UK masterbatch market, 2017-2028 (US$M)
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UK masterbatch market highlights
- The UK masterbatch market generated a revenue of USD 125.4 million in 2021 and is expected to reach USD 185.8 million by 2028.
- The UK market is expected to grow at a CAGR of 5.8% 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 125.4 million |
| Market revenue in 2028 | USD 185.8 million |
| Growth rate | 5.8% (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, UK accounted for 3.2% 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 Europe, Germany masterbatch market is projected to lead the regional market in terms of revenue in 2028.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 462.6 million by 2028.
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Masterbatch Market Scope
Masterbatch Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 27.19% in 2021. Horizon Databook has segmented the UK masterbatch market based on white, black, color, additive, filler, biodegradable covering the revenue growth of each sub-segment from 2017 to 2028.
The UK plastics industry is innovative and competitive in nature. The country is engaged in the production of substantial quantities of plastic raw materials. Some of the key players, such as INEOS, Basell Polyolefins, SABIC, Inovyn, and LOTTE Chemical Corporation, produce masterbatch, additives, and other specialist materials to increase the utility of plastics in different end-use industries.
Furthermore, the UK is the third-largest exporter of processed food products in Europe. The presence of a number of small- and medium-sized food enterprises is expected to provide abundant opportunities for the growth of polyethylene segment, which is used for a variety of food packaging purposes. These factors are expected to boost the growth of the masterbatch market over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK masterbatch market , including forecasts for subscribers. This country databook contains high-level insights into UK masterbatch market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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UK masterbatch market size, by type, 2017-2028 (US$M)
UK Masterbatch Market Outlook Share, 2021 & 2028 (US$M)
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