세계의 플라스틱 마스터배치 시장(2024-2031년)

Development of Sustainable, Multifunctional, and Value-added Masterbatch Solutions Is Driving New Growth Opportunities

The masterbatches market includes color, additive, white, black, and filler segments. It also comprises 2 end-product families: thermoplastics and thermosets.

Manufacturers use masterbatches to incorporate pigments and additives into polymer resins and elastomers more efficiently. These compounds improve product uniformity and process stability by enhancing dispersion. They also encapsulate hazardous chemicals, making handling safer. Supplied in dust-free pellet form, masterbatches keep production areas cleaner, reduce cross-contamination, and speed up product changeovers. As a result, industries such as packaging, agriculture, textiles, and medical increasingly prefer masterbatches over conventional pigments and additives.

In 2024, additive and color masterbatches accounted for the largest global market shares by both value and volume. They are likely to maintain this lead during the forecast period. Additive masterbatches enhance plastic performance, while color masterbatches increase polymer versatility, allowing manufacturers to meet diverse end-use requirements.

Thermoplastics-including thermoplastic polymers and elastomers-represented the largest share of global masterbatch consumption in 2024. Manufacturers rely on them for consistent color addition and performance enhancement of base resins. By contrast, thermoset-based products, such as synthetic rubbers and thermoset resins, showed lower masterbatch usage-a trend that is expected to persist. End-users in these segments often choose powdered or liquid pigments and additives, which offer lower costs than solid or liquid masterbatches.

Developing countries, particularly in APAC and MEASA, have witnessed a sharp rise in middle-class populations and household incomes. This shift has increased discretionary spending on commoditized thermoplastic products. The dust-free handling and multifunctional benefits of masterbatches are driving their adoption as end-product development expands in these regions.

Meanwhile, mature markets in North America and Europe are prioritizing high-performance and sustainable materials. Leading producers are offering advanced masterbatches that ensure superior color consistency, uniform additive dispersion, dust-free processing, recyclability, and compatibility with various carrier resins.

The Impact of the Top 3 Strategic Imperatives on the Plastic Masterbatches Industry

Competitive Intensity

• Why:
• By definition, masterbatches provide plastic processors with a method for incorporating required pigments and additives into compounds. However, alternative routes to market exist that do not rely on masterbatches, keeping competitive intensity high.
• Companies offering substitute forms continually evolve their products, requiring masterbatch specialists to stay vigilant and responsive to these developments.
• Frost Perspective:
• Although masterbatches offer customers significant convenience, they often cost more than in-house compounding. As a result, cost-conscious customers pose one of the biggest risks to masterbatch suppliers.
• Technical innovations in alternative solutions also present a threat-particularly those that enhance convenience and erode the competitive edge of masterbatches, such as liquid colors and additives.

Industry Convergence

• Why:
• Relatively few masterbatch suppliers remain "pure-play," as many also operate in other tiers of the plastics value chain.
• Companies often pursue vertical integration as a key advantage in mergers and acquisitions (M&A) activity. For example, LyondellBasell acquired A. Schulman in 2018, and PolyOne acquired Clariant Masterbatches in 2020 to form Avient-adding masterbatch capabilities to broader portfolios.
• Since then, M&A activity in the industry has focused heavily on acquiring regional and local players to expand geographic reach.
• Frost Perspective:
• Mergers, acquisitions, and strategic collaborations-such as Sukano's acquisition of KAYS Kft. and the Hubron-Graphenest alliance-are intensifying competition and accelerating market consolidation in the masterbatch industry.
• While these moves strengthen larger players, they create pressure on smaller manufacturers, leading to an uneven market share and differentiation landscape.

Transformative Mega Trends

• Why:
• As in other markets, environmental sustainability is taking center stage in the plastics industry.
• Regulatory bodies are pushing for higher recycled content through circular economy mandates, driving manufacturers to adapt their formulations by incorporating more post-consumer resin (PCR).
• Frost Perspective:
• Stricter plastic waste regulations and the growing focus on the circular economy pose a significant risk to masterbatch manufacturers.
• As recycled plastics gain traction, demand for new masterbatches declines because recycled materials often already contain additives and colors.

Table of Contents

Research Scope

• Masterbatches Market Overview and Scope
• Segmentation

Strategic Imperatives

• Why Is It Increasingly Difficult to Grow?
• The Strategic Imperative 8
• The Impact of the Top 3 Strategic Imperatives on the Plastic Masterbatches Industry
• Growth Opportunities Fuel the Growth Pipeline Engine

Growth Opportunity Analysis

• Growth Metrics
• Masterbatches Market Overview and Scope
• Masterbatch Manufacturing Process
• Growth Drivers
• Growth Driver Analysis
• Growth Restraints
• Growth Restraint Analysis
• New Product Developments
• Graphical Summary of Drivers and Restraints: Thermoplastics
• Graphical Summary of Drivers and Restraints: Thermoset
• Revenue and Volume Forecast
• Revenue and Volume Shipment Forecast Analysis
• Pricing Trends and Forecast, Masterbatches Market
• Pricing Trends and Forecast Analysis
• Revenue Forecast by Region
• Volume Forecast by Region
• Revenue and Volume Forecast Analysis by Region
• Percent Volume and Revenue Breakdown by Application
• Value Chain, Masterbatches Market
• Competitive Environment

Growth Generator: Thermoplastics

• Masterbatches Market for Thermoplastics: Segment Characteristics and Overview
• Revenue and Volume Forecast
• Forecast Analysis
• Revenue Forecast by Product
• Volume Shipment Forecast by Product
• Forecast Analysis by Product

Growth Generator: Thermosets

• Masterbatches Market for Thermosets: Segment Characteristics and Overview
• Revenue and Volume Forecast
• Forecast Analysis
• Revenue Forecast by Product
• Volume Shipment Forecast by Product
• Forecast Analysis by Product

Growth Opportunity Universe

• Growth Opportunity 1: Focus on Quality
• Growth Opportunity 2: Drive Sustainability
• Growth Opportunity 3: Collaborate to Innovate

Appendix and Next Steps

• Benefits and Impacts of Growth Opportunities
• Next Steps
• List of Exhibits
• Legal Disclaimer