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Filler Masterbatch Industry Overview
The global filler masterbatch market size was valued at USD 307.0 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2021 to 2028.
The growth of the market depends on its use in the various end-use industries like construction, packaging, consumer goods, automotive, and agriculture sectors. The global filler masterbatch (calcium carbonate masterbatch) market as considered under the scope of research study includes the consumption of both polyethylene and polypropylene-based filler masterbatch in the form of granules. Its perfectly optimized flow properties allow easy processing making them suitable across various industries such as consumer goods, automotive, and packaging. They are used for improving the processing of plastic products and property modification with a reduction in costs.
Gather more insights about the market drivers, restrains and growth of the Global Filler Masterbatch Market
Many prominent automotive manufacturers utilize plastics in automotive components to reduce vehicle weight, resulting in improved fuel efficiency. This is driving the demand for different types of plastics blended with filler masterbatch to modify the functional properties. The emerging economies of the Asia Pacific, such as Japan, China, India, and others, have witnessed a rise in automobile production activities, which are further expected to boost the plastic components in the region over the forecast period. The rise in implementation of plastic components in the automobile is expected to drive the market for filler masterbatch in the automotive industry.
Asia Pacific accounted for a significant revenue share of the market in 2020. This is attributed to the growing plastic processing industry, automotive, packaging, consumer goods, and construction industry. The COVID-19 pandemic impacted the manufacturing industries across the globe, which negatively impacted the growth of filler masterbatch due to order cancellations and supply chain disruptions.
Increasing concerns regarding environmental pollution caused due to gasoline-powered vehicle emissions and stringent regulations imposed by governments across the globe have assisted in emerging electrically powered vehicles. The rising investments in electric vehicle manufacturing and shifting of major automotive manufacturers towards vehicles electrification are expected to create the filler masterbatch in manufacturing various automotive components.
Many filler masterbatch manufacturers are expanding their reach in the African continent due to the lucrative opportunity available in developing construction, packaging, and consumer goods industries in the region. For instance, India-based filler masterbatch manufacturer Merit Polymers opened offices in Uganda and Nigeria in August 2019 and January 2020, respectively, to expand their reach in the filler masterbatch market in Africa.
Browse through Grand View Research's Plastics, Polymers Resins Industry Research Reports
- Automotive Refinish Coatings Market: The global automotive refinish coatings market size to be valued at USD 14.88 billion by 2024. The market is expected to witness significant growth in the forecast period
- Bioresorbable Polymers Market: The global bioresorbable polymers market size was estimated at USD 1.14 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.7% during the forecast period.
Filler Masterbatch Market Segmentation
Grand View Research has segmented the global filler masterbatch market on the basis of carrier polymer, application, end use, and region:
Filler Masterbatch Carrier Polymer Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
- Polyethylene
- Polypropylene
Filler Masterbatch Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
- Injection Blow Molding
- Films Sheets
- Tapes
- Others
Filler Masterbatch End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
- Packaging
- Building Construction
- Consumer Goods
- Automotive Transportation
- Agriculture
- Others
Filler Masterbatch Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
- North America
- Europe
- Asia Pacific
- Central South America
- Middle East Africa
Market Share Insights
- March 2021: JJ Plastalloy announced opening a new manufacturing facility in Gujarat to provide masterbatches and compounds for thermoplastic products.
- July 2020: Bambusa Ltd (Rehook) collaborated with U.K.-based Silvergate Plastics, a filler masterbatch manufacturer, to provide ultra-blue color to Rehook PLUS, a cycling multi-tool that incorporates tires levers, wrenches, spoke keys, a screwdriver, and hex heads. Rehook PLUS is marketed throughout the U.K. and mainland Europe with distribution channels.
- July 2020: PolyOne Corporation completely acquired the masterbatch business of Clariant a Swiss multinational specialty chemicals company at USD 1.56 billion and was renamed to Avient. This acquisition is expected to provide PolyOne Corporation complete control of the Clariant Masterbatch business which includes 46 manufacturing operations and technology centers in 29 countries.
Key Companies profiled:
Some of the prominent players in the filler masterbatch market include:
- European Plastic Company
- PLASTIKA KRITIS S.A.
- Ferro Plastics
- VH-FB Euro Ltd.
- AURORA GLOBAL COLORS OY
- GCR GROUP
- CABAMIX
- Plasper
- Heritage Plastics, Inc.
- Shivam Polychem
- Masterbatch SA (Pty) Ltd.
- Bajaj Superpack India Ltd.
- ALOK MASTERBATCHES PVT. LTD.
Order a free sample PDF of the Filler Masterbatch Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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