Middle East & Africa Masterbatch Market Forecast to 2031 - Regional Analysis

Description

List of Tables

The Middle East & Africa masterbatch market was valued at US$ 1,113.81 million in 2023 and is expected to reach US$ 1,600.10 million by 2031; it is estimated to register a CAGR of 4.6% from 2023 to 2031.

Adoption of Biodegradable and Compostable Masterbatch Bolsters Middle East & Africa Masterbatch Market

Bio-based polymers are environmentally friendly and are the subject of extensive research in various fields. Biodegradable materials exhibit sustainability, thereby driving their use in commercial applications. The easy availability of natural raw materials for the production of biodegradable polymers is an added factor fueling its supply and demand. Further, increasing awareness regarding environmental concerns such as plastic pollution and waste management propels the demand for sustainable alternatives to conventional plastics. Biodegradable and compostable masterbatch offer solutions to mitigate environmental impact by reducing plastic waste and promoting circular economy principles.

Stringent government regulations pertaining to the utilization of toxic chemicals across the world have encouraged many market players to develop nontoxic and biodegradable alternatives, aiding global sustainability goals. Key market players are also focused on the development of technology to produce a post-consumer recyclate carrier resin. Masterbatches can also be produced using a post-consumer recyclate carrier resin to enable recyclates and articles to be produced with the minimum virgin polymer content. In 2023, Braskem and Engeflex developed a masterbatch composed of 100% Wenew post-consumer recycled resin. By 2025, the company aims to enhance its product portfolio by ~300,000 metric tons of products with recycled content. In 2030, the company aims to dispose of ~1.5 million metric tons of plastic waste for incineration and landfills. Thus, the development of biodegradable and compostable masterbatch is expected to positively influence the Middle East & Africa masterbatch market in the coming years.

Middle East & Africa Masterbatch Market Overview

An upsurge in infrastructural projects, sustainable construction, and industrialization in the Middle East & Africa drives the demand for construction materials. As per the International Trade Administration, the construction sector's value in the UAE is expected to grow by 4.7% per annum in the next five years. The growth can be attributed to the increasing construction initiatives. The rising need for residential and commercial buildings in the Middle East & Africa bolsters the growth of the architectural paints & coatings industry. As per the Packaging Council of South Africa (Packaging SA), South Africa consumed ~3.84 million metric tons of packaging made of glass, paper, metal, and plastic, in 2022.

Increasing government initiatives and investments in charging infrastructure foster the penetration of electric vehicles in the Middle East & Africa. In 2023, Saudi Arabia's Public Investment Fund (PIF) partnered with the Saudi Electricity Company (SEC) to develop an electric vehicle infrastructure. The company aims to establish its presence in more than 1,000 locations and install 5,000 chargers across the country by 2030. Color masterbatches are widely used in the electronics industry to color wires, lighting fixtures, and electric components. Moreover, in the packaging industry, coloring masterbatches are used to color plastic packaging and caps and closures. Thus, developments in the end-use industries fuel the demand for masterbatches in the Middle East & Africa.

Middle East & Africa Masterbatch Market Revenue and Forecast to 2031 (US$ Million)

Middle East & Africa Masterbatch Market Segmentation

The Middle East & Africa masterbatch market is categorized into type, polymer, end-use industry, and country.

Based on type, the Middle East & Africa masterbatch market is divided into white, black, additives, color, filler, and others. The white segment held the largest Middle East & Africa masterbatch market share in 2023.

In terms of polymer, the Middle East & Africa masterbatch market is segmented into polyethylene, polypropylene, polyethylene terephthalate, polystyrene, and others. The polyethylene segment held the largest Middle East & Africa masterbatch market share in 2023.

By end-use industry, the Middle East & Africa masterbatch market is divided into building and construction, automotive, packaging, agriculture, electrical and electronics, and others. The packaging segment held the largest Middle East & Africa masterbatch market share in 2023.

By country, the Middle East & Africa masterbatch market is categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa masterbatch market share in 2023.

Avient Corp, Ampacet Corporation, Cabot Corp, LyondellBasell Industries NV, and FRILVAM SPA are some of the leading companies operating in the Middle East & Africa masterbatch market.

Product Code: BMIRE00030769

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.3 Limitations and Assumptions

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Middle East & Africa Masterbatch Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Intensity of Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis

5. Middle East & Africa Masterbatch Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Demand for Plastic Packaging in Emerging Economies
- 5.1.2 Rising Demand for Black Masterbatches from End-Use Industries
5.2 Market Restraints
- 5.2.1 Fluctuations in Raw Material Prices
5.3 Market Opportunities
- 5.3.1 Strategic Initiatives by Key Market Players
5.4 Future Trends
- 5.4.1 Adoption of Biodegradable and Compostable Masterbatch
5.5 Impact of Drivers and Restraints:

6. Masterbatch Market - Middle East & Africa Market Analysis

6.1 Middle East & Africa Masterbatch Market Volume (Kilo Tons), 2023-2031
6.2 Middle East & Africa Masterbatch Market Volume Forecast and Analysis (Kilo Tons)
6.3 Middle East & Africa Masterbatch Market Revenue (US$ Million), 2023-2031
6.4 Middle East & Africa Masterbatch Market Forecast and Analysis

7. Middle East & Africa Masterbatch Market Volume and Revenue Analysis - by Type

7.1 White
- 7.1.1 Overview
- 7.1.2 White: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)
- 7.1.3 White: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Black
- 7.2.1 Overview
- 7.2.2 Black: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)
- 7.2.3 Black: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Additives
- 7.3.1 Overview
- 7.3.2 Additives: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)
- 7.3.3 Additives: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Color
- 7.4.1 Overview
- 7.4.2 Color: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)
- 7.4.3 Color: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Filler
- 7.5.1 Overview
- 7.5.2 Filler: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)
- 7.5.3 Filler: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)
- 7.6.3 Others: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

8. Middle East & Africa Masterbatch Market Revenue Analysis - by Polymer

8.1 Polyethylene
- 8.1.1 Overview
- 8.1.2 Polyethylene: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Polypropylene
- 8.2.1 Overview
- 8.2.2 Polypropylene: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Polyethylene Terephthalate
- 8.3.1 Overview
- 8.3.2 Polyethylene Terephthalate: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Polystyrene
- 8.4.1 Overview
- 8.4.2 Polystyrene: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

9. Middle East & Africa Masterbatch Market Revenue Analysis - by End-use Industry

9.1 Building and Construction
- 9.1.1 Overview
- 9.1.2 Building and Construction: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Automotive
- 9.2.1 Overview
- 9.2.2 Automotive: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Packaging
- 9.3.1 Overview
- 9.3.2 Packaging: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
9.4 Agriculture
- 9.4.1 Overview
- 9.4.2 Agriculture: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
9.5 Electrical and Electronics
- 9.5.1 Overview
- 9.5.2 Electrical and Electronics: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

10. Middle East & Africa Masterbatch Market - Country Analysis

10.1 Middle East & Africa
- 10.1.1 Middle East & Africa Masterbatch Market Breakdown by Key Countries, 2023 and 2031 (%)
  - 10.1.1.1 Middle East & Africa Masterbatch Market Volume and Forecast and Analysis - by Country
  - 10.1.1.2 Middle East & Africa Masterbatch Market Revenue and Forecast and Analysis -by Country
  - 10.1.1.3 South Africa Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 South Africa Masterbatch Market Breakdown by Type
    - 10.1.1.3.2 South Africa Masterbatch Market Breakdown by Polymer
    - 10.1.1.3.3 South Africa Masterbatch Market Breakdown by End-use Industry
  - 10.1.1.4 Saudi Arabia Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 Saudi Arabia Masterbatch Market Breakdown by Type
    - 10.1.1.4.2 Saudi Arabia Masterbatch Market Breakdown by Polymer
    - 10.1.1.4.3 Saudi Arabia Masterbatch Market Breakdown by End-use Industry
  - 10.1.1.5 United Arab Emirates Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.5.1 United Arab Emirates Masterbatch Market Breakdown by Type
    - 10.1.1.5.2 United Arab Emirates Masterbatch Market Breakdown by Polymer
    - 10.1.1.5.3 United Arab Emirates Masterbatch Market Breakdown by End-use Industry
  - 10.1.1.6 Rest of Middle East & Africa Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.6.1 Rest of Middle East & Africa Masterbatch Market Breakdown by Type
    - 10.1.1.6.2 Rest of Middle East & Africa Masterbatch Market Breakdown by Polymer
    - 10.1.1.6.3 Rest of Middle East & Africa Masterbatch Market Breakdown by End-use Industry

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Expansion
12.3 Other Business Strategies

13. Company Profiles

13.1 Avient Corp
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Ampacet Corporation
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Cabot Corp
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 LyondellBasell Industries NV
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 FRILVAM SPA
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments

14. Appendix

14.1 About The Insight Partners