Asia Pacific Masterbatch Market Forecast to 2031 - Regional Analysis

List of Tables

The Asia Pacific masterbatch market was valued at US$ 6,203.48 million in 2023 and is expected to reach US$ 9,825.88 million by 2031; it is estimated to register a CAGR of 5.9% from 2023 to 2031.

Strategic Initiatives by Key Market Players Boost Asia Pacific Masterbatch Market

Masterbatch manufacturers implement various strategic initiatives to maintain competitiveness, meet evolving customer demands, and capitalize on market opportunities. Masterbatch producers invest in research and development to innovate and introduce new products with enhanced properties, functionalities, and sustainable features. The product launches by key market players also include the development of formulations with improved color accuracy, dispersion properties, and specialty additives for specific applications.

In November 2023, Cabot Corporation launched REPLASBLAK, three circular black masterbatches with certified material. The product range includes REPLASBLAK rePE5475 100% circular black masterbatch, REPLASBLAK rePE5265 70% circular black masterbatch, and REPLASBLAK rePE5250 60% circular black masterbatch. In March 2023, Gerdau Graphene launched a graphene-enhanced Poly-G PE-07GM polyethylene masterbatch. The masterbatch is suitable for the production of films, profiles, and sheets formed through the extrusion processes. In 2022, Tosaf Compounds Ltd developed white masterbatches suitable for application in the hard and soft packaging for the food industry and components in the toys and cosmetics industries.

In December 2023, Ampacet Corporation launched ColorMark masterbatch, allowing customers to create permanent lettering and designs in intricate detail on dark plastic surfaces. The developed product is compatible with polypropylene; polystyrene; polycarbonate; polyamide; and other engineered resins used in injection molding, thermoforming, and sheet applications. In October 2023, Ampacet Corporation launched ProVital+ GermsClean, a medical-grade antimicrobial masterbatch. The developed product protects plastic components in healthcare facilities from the growth of microorganisms by preventing the proliferation of bacteria and fungi multiplication. Thus, rising product launches, innovations, research, and other strategic initiatives by market players are expected to create lucrative opportunities in the masterbatch market during the forecast period.

Asia Pacific Masterbatch Market Overview

As per the International Trade Administration, total investments in China's infrastructure during the 14th Five-Year Plan period (2021-2025) are estimated to reach ~US$ 4.2 trillion. According to the National Investment Promotion & Facilitation Agency, India allocated an investment budget of US$ 1.4 trillion in infrastructure under the National Infrastructure Pipeline by 2025, of which 18% accounted for roads and highways, 17% accounted for urban infrastructure, and 12% for railways. Masterbatch is used in various applications in the construction of commercial buildings, warehouses, and power stations. Key market players offer UV additive, anti-static and flame-retardant masterbatches, offering durability and extension of structure life.

According to the Japan Plastics Industry Federation, Japan produced more than 3 million metric tons of plastic products, of which plastic film and sheets accounted for a significant share by weight in 2022. Masterbatches are used in the manufacturing of automotive interior and exterior parts, offering several properties such as flame retardance, color dispersion, and UV stability. According to the International Organization of Motor Vehicle Manufacturers report, motor vehicle production in Asia Pacific was estimated to be 48.96 million units in 2022. China has emerged as one of the largest electric vehicle markets globally, supported by government policies promoting electric vehicles. Masterbatches are widely used in the automotive and construction industries for various applications. Therefore, rising investments and production in the construction, plastic packaging, and automotive industries boost the masterbatch market growth.

Asia Pacific Masterbatch Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Masterbatch Market Segmentation

The Asia Pacific masterbatch market is categorized into type, polymer, end-use industry, and country.

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

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

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

By country, the Asia Pacific masterbatch market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific masterbatch market share in 2023.

Avient Corp, Ampacet Corporation, Cabot Corp, LyondellBasell Industries NV, Plastika Kritis SA, Penn Color Inc, Americhem, and FRILVAM SPA are some of the leading companies operating in the Asia Pacific masterbatch market.

Product Code: BMIRE00030729

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. Asia Pacific 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
4.4 List of Vendors in the Value Chain

5. Asia Pacific 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 - Asia Pacific Market Analysis

6.1 Asia Pacific Masterbatch Market Volume (Kilo Tons), 2023-2031
6.2 Asia Pacific Masterbatch Market Volume Forecast and Analysis (Kilo Tons)
6.3 Asia Pacific Masterbatch Market Revenue (US$ Million), 2023-2031
6.4 Asia Pacific Masterbatch Market Forecast and Analysis

7. Asia Pacific 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. Asia Pacific 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. Asia Pacific 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. Asia Pacific Masterbatch Market - Country Analysis

10.1 Asia Pacific
- 10.1.1 Asia Pacific Masterbatch Market Breakdown by Key Countries, 2023 and 2031 (%)
  - 10.1.1.1 Asia Pacific Masterbatch Market Volume and Forecast and Analysis - by Country
  - 10.1.1.2 Asia Pacific Masterbatch Market Revenue and Forecast and Analysis -by Country
  - 10.1.1.3 Australia Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 Australia Masterbatch Market Breakdown by Type
    - 10.1.1.3.2 Australia Masterbatch Market Breakdown by Polymer
    - 10.1.1.3.3 Australia Masterbatch Market Breakdown by End-use Industry
  - 10.1.1.4 China Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 China Masterbatch Market Breakdown by Type
    - 10.1.1.4.2 China Masterbatch Market Breakdown by Polymer
    - 10.1.1.4.3 China Masterbatch Market Breakdown by End-use Industry
  - 10.1.1.5 India Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.5.1 India Masterbatch Market Breakdown by Type
    - 10.1.1.5.2 India Masterbatch Market Breakdown by Polymer
    - 10.1.1.5.3 India Masterbatch Market Breakdown by End-use Industry
  - 10.1.1.6 Japan Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.6.1 Japan Masterbatch Market Breakdown by Type
    - 10.1.1.6.2 Japan Masterbatch Market Breakdown by Polymer
    - 10.1.1.6.3 Japan Masterbatch Market Breakdown by End-use Industry
  - 10.1.1.7 South Korea Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.7.1 South Korea Masterbatch Market Breakdown by Type
    - 10.1.1.7.2 South Korea Masterbatch Market Breakdown by Polymer
    - 10.1.1.7.3 South Korea Masterbatch Market Breakdown by End-use Industry
  - 10.1.1.8 Rest of APAC Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.8.1 Rest of APAC Masterbatch Market Breakdown by Type
    - 10.1.1.8.2 Rest of APAC Masterbatch Market Breakdown by Polymer
    - 10.1.1.8.3 Rest of APAC 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 Plastika Kritis SA
- 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
13.6 Penn Color Inc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Americhem
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 FRILVAM SPA
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments

14. Appendix

14.1 About The Insight Partners