North America Masterbatch Market Size & Outlook, 2024-2030
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North America masterbatch market highlights
- The North America masterbatch market generated a revenue of USD 1,086.0 million in 2021.
- The market is expected to grow at a CAGR of 6.1% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2028.
North America data book summary
| Market revenue in 2021 | USD 1,086.0 million |
| Market revenue in 2028 | USD 1,638.6 million |
| Growth rate | 6.1% (CAGR from 2021 to 2028) |
| Largest segment | Black |
| Fastest growing segment | Black |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, North America region accounted for 27.7% of the global masterbatch market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2028.
- Europe is the fastest growing regional market and is projected to reach USD 1,991.6 million by 2028.
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Masterbatch Market Scope
Masterbatch Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Penn Color | View profile | 501-1000 | Doylestown, Pennsylvania, United States, North America | https://www.penncolor.com |
| Hubron International | View profile | 101-250 | Manchester, Manchester, United Kingdom, Europe | https://www.hubron.com |
| Ampacet Corporation | View profile | 1001-5000 | Tarrytown, New York, United States, North America | http://www.ampacet.com |
| Plastiblends India | View profile | 501-1000 | Andheri, Maharashtra, India, Asia | http://www.plastiblends.com/ |
| Cabot Corp | View profile | 4300 | Two Seaport Lane, Suite 1400, Boston, MA, United States, 02210 | https://www.cabotcorp.com |
| Clariant AG | View profile | 10481 | Rothausstrasse 61, Muttenz, Switzerland, 4132 | http://www.clariant.com |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| Avient Corp | View profile | 9300 | 33587 Walker Road, Avon Lake, OH, United States, 44012 | https://www.avient.com |
North America 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 28.61% in 2024. Horizon Databook has segmented the North America masterbatch market based on white, black, color, additive, filler, biodegradable covering the revenue growth of each sub-segment from 2018 to 2030.
North America masterbatch market is likely to witness growth on account of increased product demand from various end-use industries such as packaging, automotive, and consumer goods.
The growth in infrastructure spending is projected to lead to an increase in construction activities, in turn, boosting the demand for plastic construction components, thereby fueling the demand for masterbatch over the forecast period.
In the plastic manufacturing process, friction caused due to fast-operating equipment induces an electric charge on the plastic surface. This static charge attracts dust particles and their accumulation on the surface may increase during the subsequent phases of the supply chain, including storage and transportation.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America masterbatch market , including forecasts for subscribers. This continent databook contains high-level insights into North America masterbatch market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America masterbatch market size, by country, 2017-2028 (US$M)
North America Masterbatch Market Outlook Share, 2024 & 2030 (US$M)
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