GVR Report cover Filler Masterbatch Market Size, Share & Trends Report

Filler Masterbatch Market Size, Share & Trends Analysis Report By Carrier Polymer (Polypropylene, Polyethylene), By Application (Injection & Blow Molding, Films & Sheets, Tapes), By End Use, By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Nov, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-4-68039-651-1
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2019
  • Number of Pages: 131

Report 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.

U.S. filler masterbatch market size, by carrier polymer, 2018 - 2028 (USD Million)

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.

Carrier Polymer Insights

The polyethylene segment dominated the market for filler masterbatch and accounted for the largest revenues share of more than 50.0% in 2020. Polyethylene has been widely used as a carrier polymer in automotive, packaging, building and construction, and several other end-use industries. Moreover, the growing popularity of several types of polyethylene, such as High-density Polyethylene (HDPE), Low-density Polyethylene (LDPE), and Linear low-density Polyethylene (LLDPE), has resulted in a rising market share of polyethylene as a carrier polymer in the industries as mentioned earlier. The different color shades offered by the polyethylene masterbatch enable it to be beneficial in product differentiation. This is expected to grow its application in the automotive industry since it enhances the look of the components.

Polypropylene exhibits resistance to high temperatures and strong chemicals. Due to the increased flexibility offered by polypropylene and its excellent mechanical strength, it is gaining traction as a carrier polymer in flexible and rigid packaging applications. Polypropylene sets up quickly in the mold during injection molding, giving polypropylene a position in the injection molding field to produce molded components. Polypropylene also demonstrates good dimensional stability, excellent chemical resistance, high surface gloss, and good abrasion resistance, making it well suited for film and fibers requiring optical qualities, moisture barrier property, superior strength, and grease resistance.

End-use Insights

The packaging industry segment dominated the market for filler masterbatch and accounted for the largest revenue share of more than 40.0% in 2020. The coronavirus crisis accelerated the already growing e-commerce across developed and developing economies, which drove the demand for packaging applications. Also, the shutdown of restaurants and food courts propelled the demand for packaged food and grocery. Such conditions are expected to be one of the significant factors driving the growth of plastic packaging demand, which, in turn, is projected to fuel the consumption of filler masterbatch over the forecast period.

Filler masterbatch is widely used in automotive parts compounding and has witnessed a rising demand due to strong demand from the automotive industry, especially from developing countries. The transition from metal to plastic parts is driving the demand for the filler masterbatch in the automotive industry. This enables automakers to reduce weight and lower costs and makes cars economical for the consumers. The increasing innovation in masterbatch products to cater to additional applications is also likely to increase the demand for this product in the coming years.

The building and construction sector across the globe is expected to grow due to urbanization and the growing population. The rise in the building and construction sector is expected to increase the demand for filler masterbatch for manufacturing pipes; tool handle grips, safety gear, transportation containers, construction net, and other interior and exterior construction materials suitable for roofing plumbing, and electrical fittings.

Application Insights

The injection and blow molding application segment dominated the market and accounted for the largest revenue share of more than 50.0% in 2020. In injection molding, the filler masterbatch materials are converted into molds of various shapes and sizes to be used in various industries. The automation of operations of injection molding machines has resulted in a consistent quality output of injection molded products.

Filler masterbatch is commonly used for the production of films and sheets due to the blown film technique. The COVID-19 pandemic has resulted in increased safety measures in food packaging to prevent food contamination. Masterbatch provides attractive color options and modifies other properties to attract consumers and lead to more sales conversion. The rising importance of packaging solutions in various industries is expected to increase demand for masterbatch products over the forecast period.

Global filler masterbatch market, by application, 2020 (%)

The excellent anti-fibrillation property of masterbatch offers very high stretching in the production of tapes. The fine calcium particles not only reduce the cost of the final product but also give whiteness to the fabric. The development in the agricultural and construction sector is expected to drive the market for raffia tapes, thus propelling the growth of filler masterbatch products used in the manufacturing of packaging bags.

Region Insights

Asia Pacific dominated the market for filler masterbatch in the regional segment and accounted for the overall revenue share of more than 45.0% in 2020. The demand for filler masterbatch in the Asia Pacific is growing because of its increasing use in end-use sectors such as packaging, building and construction, automotive, and consumer goods.  China's leading plastic-processing capacity in the region is also imperative for the growth of filler masterbatch over the forecast period. The automotive industry has developed in China and other Asia Pacific countries like Japan, India, and South Korea. Since plastic components are used in the vehicles' interior and exterior components, the growing automotive industry in the Asia Pacific is expected to grow the demand for filler masterbatch over the forecasted period.

The consumer goods sector is a significant factor driving the demand for filler masterbatch in North America. The growing urbanization too has driven the demand for consumer goods such as refrigeration appliances, kitchen appliances, washing and cleaning appliances which are expected to augment the demand for filler masterbatch in North America. Barrier packaging is gaining importance in the U.S. as it extends the shelf life of food products by protecting them from light, oxygen, and moisture. Polymers such as polypropylene and polyethylene are preferably used as barrier materials in barrier plastic packaging due to their beneficial properties and lightweight and low cost. These factors propel the growth of the market in the country over the forecast period.

Infrastructure development has emerged as a lucrative investment sector in the Middle East and African countries. The number of newly constructed homes is gradually increasing in Africa due to government support and a large refugee population. The expansion of infrastructural projects is expected to drive the demand for architectural fittings, which is anticipated to grow the market over the forecast period.

Key Companies & Market Share Insights

Established players such as Silvergate Plastics are developing filler masterbatches in different color variants and collaborating with end users to strengthen their market position. For instance, in 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. 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.

Filler Masterbatch Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 325.8 million

Revenue forecast in 2028

USD 521.8 million

Growth Rate

CAGR of 7.0% from 2021 to 2028

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Volume in kilotons, revenue in USD million, and CAGR from 2021 to 2028

Report coverage

Volume forecast, revenue forecast, company profiles, competitive landscape, growth factors, and trends

Segments covered

Carrier polymer, application, end use, region

Region scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country Scope

U.S.; Canada; Mexico; U.K.; Germany; France; China; India; Japan; Southeast Asia; Brazil; Saudi Arabia

Key companies profiled

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.; Plastiblends

Customization scope

Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional, and segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For this study, Grand View Research has segmented the global filler masterbatch market report based on carrier polymer, application, end use, and region:

  • Carrier Polymer Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • Polyethylene

    • Polypropylene

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • Injection & Blow Molding

    • Films & Sheets

    • Tapes

    • Others

  • End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • Packaging

    • Building & Construction

    • Consumer Goods

    • Automotive & Transportation

    • Agriculture

    • Others
  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • 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

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