Filler Masterbatch Market Size To Reach $606.90 Million By 2030

Filler Masterbatch Market Growth & Trends

The global filler masterbatch market size is expected to reach USD 606.90 million by 2030, expanding at 7.3% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. This is attributable to the surging demand for filler masterbatches from the plastics industry for developing automotive components to reduce the weight of vehicles.

The filler masterbatch industry is projected to have a comparatively higher growth rate, driven by a rise in the consumption of polypropylene and polyethylene filler masterbatch. They provide a convenient way to add talc and CaCO3 to thermoplastics without dust contamination. It exhibits optimized flow properties and perfect dispersion to ensure easy processing. In addition, filler masterbatch can replace the use of plastic raw materials, which helps save production costs.

Filler masterbatch exhibits high penetration in packaging end-use as it is commonly used in the production of plastic packaging materials such as bags, films, and containers. Moreover, it helps to improve the stiffness, impact resistance, and dimensional stability of the plastic, making it suitable for use in demanding packaging applications. On the other hand, in the automotive industry, filler masterbatch is used in the production of numerous automotive parts, such as interior trim, door panels, and dashboards. The addition of fillers helps to improve the mechanical properties of the plastic, making it more resistant to impact, abrasion, and heat.

Inappropriate disposal of plastic causes disturbance in soil microbial activity and leads to groundwater pollution, thereby leading to an increase in the time taken for decomposition. The disposal of plastic may cause health issues due to the release of carcinogenic chemicals, which harm different forms of life. To avoid all these negative impacts, the governments of various countries and numerous regulatory bodies have laid down stringent regulations for the disposal of plastic.

Some of these regulations include Recycling Regulations for Plastic Packaging in the U.S. laid down by U.S. EPA, Break Free from Plastic Pollution Act, 2021 by the U.S. government. Furthermore, the EU also aims to cut down plastic packaging waste by 2030. These restrictions as well as regulations are expected to restrain the growth of the filler masterbatch industry over the forecast period.

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Filler Masterbatch Market Report Highlights

• Polyethylene as a carrier polymer emerged as the fastest growing segment with a high growth rate of 7.6% from 2023 to 2030, due to its advantages such as higher transparency, lower processing temperature, more flexibility, and higher toughness which makes them an ideal choice for the manufacturing companies

• Films & Sheets application is predicted to witness the fastest growth, in terms of revenue, with a CAGR of 7.8% from 2023 to 2030 because of its increasing usage in the production of high-quality, heavy-duty polyethylene bags

• Packaging end-use is estimated to witness a high growth rate of 7.7% from 2023 to 2030 owing to the increase in the demand for various sub-packaging areas, especially food packaging around developing economies like China, India, and Brazil

• The consumer goods segment is also expected to have a significant growth prospect among other end-uses of filler masterbatch in the global market over the forecasted period due to the increasing demand for various consumer products such as hand sanitizers, toothbrushes, and other hygiene products among others

• Asia Pacific region in the global filler masterbatch industry is estimated to grow at a high CAGR of 7.5% over the forecasted period because of the overall growth of end-use industries such as automotive, packaging, and plastic manufacturing among others, as well as the significant presence of filler masterbatch manufacturers

Filler Masterbatch Market Segmentation

For the purpose of this report, Grand View Research has segmented the global filler masterbatch market based on carrier polymers, application, end-use, and region:

Filler Masterbatch Carrier Polymer Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Polyethylene (PE)

• Polypropylene (PP)

Filler Masterbatch Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Injection & Blow Molding

• Films & Sheets

• Tapes

• Other Applications

Filler Masterbatch End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Packaging

• Building & Construction

• Consumer Goods

• Automotive & Transportation

• Agriculture

• Other End-uses

Filler Masterbatch Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • Southeast Asia

• Central & South America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

List of Key Players in the Filler Masterbatch Market

• Heritage Plastics, Inc.

• Shivam Polychem Masterbatch SA (Pty) Ltd.

• Bajaj Superpack India Ltd.

• Alok Masterbatches PVT. LTD.

• Plastiblends India Ltd.

• Megaplast

• Eco Green Plastic JSC

• US Masterbatch JSC

• An Tien Industries

• Pha Le Plastics Manufacturing

• Vina Color (Vietnam Colour Trading and Manufacturing Co., LTD.)

• Vinares

• A DONG Plastic Joint Stock Company (ADC Plastic JSC)

• PHU LAM Import Export Company Limited

• PMJ Joint Stock Company