Plastics Additives and Master Batches Market 2026 to reach USD 69.9 Bn Growth and Forecast

Growing demand recycled plastic, innovation in additive products, and growing demand for plastic additives over conventional materials is expected to drive the growth of the plastics additives and master batches market. The global plastics additives and master batches market was valued at USD 46.9 billion in 2018 and is expected to reach USD 69.9 billion in 2026, growing at a CAGR of 5.2% during the forecast period.

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Plastics additives and master batches have a huge application in the construction industry. It is used in a variety of construction applications including pipes, cables, flooring, domes, roofing, windows & doors, storage tanks, hardware containers, insulation materials, and others. The plastics additives and master batches are used in the construction & building industry owing to its properties such as cost-effectiveness, safety, easy-to-install, corrosive resistance, durability, and recycling.

Rising demand for plastics additives and master batches in end-use industries like packaging, consumer goods, building and construction, and automotive & transportation in emerging countries is the key factors attributed to the market growth. Furthermore, the presence of government policies supporting the growth of these industries, lower labor costs, skilled workforce, availability of raw materials, and increasing urbanization enable domestic and foreign companies in establishing their facilities in these countries. On the other hand, the availability of counterfeit and low costs products is acting as a restraint to this market. However, continuous development in carrier resins for master batch and growing demand from several applications is expected to create major growth opportunities during the forecast period.

Key Findings:

• Based on type, the antimicrobial additive masterbatch segment is expected to grow at the highest CAGR of around 5.5% during the forecast period
• Based on carrier resin, the polyethylene segment is accounted for the largest share of around 31% of the total market in 2018
• Based on application, the packaging segment is expected to hold for around 28% of the total market, in 2018
• Asia-Pacific accounted for around 32% share of the global plastics additives and master batches market in 2018

Recent News:

• In February 2019, Clariant AG expanded its manufacturing facility in Maine, Sweden, and Singapore for masterbatch production. This manufacturing facility will enhance its supply chain in untapped markets and enhance customer base.
• In March 2019, Ampacet Corporation expanded its new manufacturing facility in Belgium for additive production. This new manufacturing facility helps the export of additives in Europe and enhance customer base. 
• In April 2018, Tosaf Group introduced new anti-fog masterbatch, AF7380PE for packaging application.
• In May 2016, Ampacet Corporation launched new masterbatch named as Paper 2.0. The newly developed masterbatch offers tactile and visual appeal to paper and also adds strength and moisture barrier properties.
• In April 2016, Dow Corning Corporation introduced new Masterbatch named as Dow Corning MB25-035. This is an advanced silicone based slip additive used for packaging film.
• In March 2016, A. Schulman Inc. expanded its new manufacturing facility in France. The new manufacturing facility in France is expected to boost the company’s production for additive and black and white masterbatch in Europe