Table of Content

1 INTRODUCTION 41
1.1 OBJECTIVES OF THE STUDY 41
1.2 MARKET DEFINITION 41
1.2.1 MASTERBATCH MARKET: INCLUSIONS & EXCLUSIONS 41
1.2.2 MASTERBATCH: MARKET DEFINITION AND INCLUSIONS, BY TYPE 42
1.2.3 MASTERBATCH: MARKET DEFINITION AND INCLUSIONS, BY POLYMER RESIN 42
1.2.4 MASTERBATCH: MARKET DEFINITION AND INCLUSIONS, BY APPLICATION 43
1.3 MARKET SCOPE 44
1.3.1 MARKET SEGMENTATION 44
1.3.2 REGIONS COVERED 44
1.3.3 YEARS CONSIDERED FOR THE STUDY 45
1.4 CURRENCY 45
1.5 UNIT CONSIDERED 45
1.6 STAKEHOLDERS 45
1.7 SUMMARY OF CHANGES 46

2 RESEARCH METHODOLOGY 47
2.1 BASE NUMBER CALCULATION 47
2.1.1 SUPPLY-SIDE APPROACH 47
2.1.2 DEMAND-SIDE APPROACH 47
2.1.3 PARENT MARKET APPROACH 47
2.2 FORECAST NUMBER CALCULATION 48
2.2.1 SUPPLY SIDE 48
2.2.2 DEMAND SIDE 48
2.3 RESEARCH DATA 49
2.3.1 SECONDARY DATA 49
2.3.2 PRIMARY DATA 49
2.3.2.1 Primary interviews – demand and supply side 49
2.3.2.2 Breakdown of primary interviews 50
2.3.2.3 Key industry insights 50
2.4 MARKET SIZE ESTIMATION 51
2.4.1 BOTTOM-UP APPROACH 51
FIGURE 1 MASTERBATCH MARKET: BOTTOM-UP APPROACH 51
2.4.2 TOP-DOWN APPROACH 52
FIGURE 2 MASTERBATCH MARKET: TOP-DOWN APPROACH 52
2.5 DATA TRIANGULATION 52
FIGURE 3 MASTERBATCH MARKET: DATA TRIANGULATION 53
2.6 FACTOR ANALYSIS 53
FIGURE 4 COVID-19 FACTORS IMPACTING THE GROWTH OF THE
MASTERBATCH MARKET 53
2.7 ASSUMPTIONS 54
2.8 LIMITATIONS & RISKS ASSOCIATED WITH THE MASTERBATCH MARKET 54

3 EXECUTIVE SUMMARY 55
FIGURE 5 COLOR MASTERBATCH ACCOUNTED FOR THE LARGEST MARKET SHARE
IN 2019 56
FIGURE 6 AUTOMOTIVE TO BE THE FASTEST-GROWING APPLICATION OF MASTERBATCH DURING THE FORECAST PERIOD 56
FIGURE 7 LDPE & LLDPE TO BE THE FASTEST-GROWING POLYMER FOR THE MASTERBATCH MARKET DURING THE FORECAST PERIOD 57
FIGURE 8 APAC ACCOUNTED FOR THE LARGEST SHARE IN THE MASTERBATCH
MARKET IN 2019 58

4 PREMIUM INSIGHTS 59
4.1 ATTRACTIVE OPPORTUNITIES IN THE MASTERBATCH MARKET 59
FIGURE 9 INCREASING DEMAND FROM THE PACKAGING INDUSTRY TO DRIVE
THE MARKET DURING THE FORECAST PERIOD 59
4.2 MASTERBATCH MARKET, BY TYPE 59
FIGURE 10 COLOR MASTERBATCH TO BE THE LARGEST TYPE DURING THE
FORECAST PERIOD 59
4.3 APAC MASTERBATCH MARKET, BY APPLICATION AND COUNTRY 60
FIGURE 11 CHINA AND PACKAGING SEGMENTS LED THE APAC MASTERBATCH
MARKET IN 2019 60
4.4 MASTERBATCH MARKET, BY APPLICATION 60
FIGURE 12 PACKAGING WAS THE LARGEST APPLICATION OF MASTERBATCH MARKET 60
4.5 MASTERBATCH MARKET, BY REGION 61
FIGURE 13 APAC TO BE THE LARGEST MASTERBATCH MARKET 61
4.6 MASTERBATCH MARKET, BY KEY COUNTRIES 61
FIGURE 14 INDIA TO REGISTER THE HIGHEST CAGR IN THE MASTERBATCH MARKET 61

5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
5.2 MARKET DYNAMICS 62
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
IN THE MASTERBATCH MARKET 62
5.2.1 DRIVERS 63
5.2.1.1 Replacement of metals with plastics in automotive applications 63
5.2.1.2 Widely preferred coloring method 63
5.2.2 RESTRAINTS 63
5.2.2.1 Availability of low quality and cheaper products 63
5.2.2.2 Extra storage space, longer lead time, and exposure to heat are
a few of its limiting factors 64
5.2.3 OPPORTUNITIES 64
5.2.3.1 Growth in emerging economies 64
5.2.3.2 Growing demand for biodegradable masterbatch 64
5.2.4 CHALLENGES 65
5.2.4.1 Non-biodegradability of plastics 65
5.2.4.2 Challenges due to COVID-19 impact 65
5.3 PORTER’S FIVE FORCES ANALYSIS 65
FIGURE 16 MASTERBATCH MARKET: PORTER’S FIVE FORCES ANALYSIS 65
5.3.1 THREAT OF SUBSTITUTES 66
5.3.2 THREAT OF NEW ENTRANTS 66
5.3.3 BARGAINING POWER OF SUPPLIERS 66
5.3.4 BARGAINING POWER OF BUYERS 67
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 67
5.4 SUPPLY CHAIN ANALYSIS 67
FIGURE 17 SUPPLY CHAIN OF MASTERBATCH 67
5.4.1 RAW MATERIAL 68
5.4.2 FORMULATION 68
5.4.3 COMPOUNDING 68
5.4.4 END-USE INDUSTRIES 68
5.5 TECHNOLOGY ANALYSIS 68
5.6 SHIFT IN REVENUE STREAMS DUE TO MEGATRENDS IN END-USE INDUSTRIES 69
FIGURE 18 MASTERBATCH MARKET: CHANGING REVENUE MIX 69
5.7 CONNECTED MARKETS: ECOSYSTEM 69
FIGURE 19 MASTERBATCH MARKET: ECOSYSTEM 69
5.8 CASE STUDIES 70
5.9 MASTERBATCH MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC,
AND NON-COVID-19 SCENARIOS 70
FIGURE 20 MASTERBATCH MARKET IN TERMS OF REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS 70
5.9.1 NON-COVID-19 SCENARIO 71
5.9.2 OPTIMISTIC SCENARIO 71
5.9.3 PESSIMISTIC SCENARIO 71
5.9.4 REALISTIC SCENARIO 71
5.10 AVERAGE SELLING PRICE TREND 71
TABLE 1 AVERAGE PRICES OF MASTERBATCH, BY TYPE & REGION (USD) 71
5.11 PATENT ANALYSIS 72
5.11.1 APPROACH 72
5.11.2 DOCUMENT TYPE 72
FIGURE 21 PATENTS REGISTERED FOR MASTERBATCH, 2015–2020 73
FIGURE 22 PATENTS PUBLICATION TRENDS FOR MASTERBATCH, 2015–2020 73
5.11.3 JURISDICTION ANALYSIS 74
FIGURE 23 MAXIMUM PATENTS FILED BY COMPANIES IN CHINA 74
5.11.4 TOP APPLICANTS 74
FIGURE 24 TOYO TIRE & RUBBER CO. REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2015 AND 2020 74
5.12 REGULATORY LANDSCAPE 76
5.12.1 REGULATIONS RELATED TO MASTERBATCH 76
5.13 TRADE DATA STATISTICS 79
5.13.1 IMPORT OF MASTERBATCH: INDIA 79
5.13.2 EXPORT OF MASTERBATCH: INDIA 79
5.13.3 IMPORT OF MASTERBATCH: US 80
5.13.4 IMPORT OF MASTERBATCH: BRAZIL 81
5.14 COVID-19 IMPACT 83
5.14.1 INTRODUCTION 83
5.14.2 COVID-19 HEALTH ASSESSMENT 83
5.14.3 COVID-19 ECONOMIC ASSESSMENT 83
FIGURE 25 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 84
5.14.3.1 Impact of COVID-19 on the economy: Scenario assessment 84
FIGURE 26 CRITERIA IMPACTING THE GLOBAL ECONOMY 85
FIGURE 27 SCENARIOS OF COVID-19 IMPACT 86
5.15 IMPACT OF COVID-19: CUSTOMER ANALYSIS 87
5.16 MACROECONOMIC INDICATORS 87
5.16.1 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES 88
TABLE 2 TRENDS AND FORECAST OF REAL GDP, BY MAJOR ECONOMY, ANNUAL PERCENTAGE CHANGE, 2019–2021 88

6 MASTERBATCH MARKET, BY TYPE 89
6.1 INTRODUCTION 90
6.2 IMPACT OF COVID-19 ON MASTERBATCH MARKET, BY TYPE 90
FIGURE 28 COLOR MASTERBATCH TO LEAD THE MARKET DURING
THE FORECAST PERIOD 90
TABLE 3 MASTERBATCH MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 90
TABLE 4 MASTERBATCH MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 91
TABLE 5 MASTERBATCH MARKET SIZE, BY TYPE, 2016–2019 (KILOTON) 91
TABLE 6 MASTERBATCH MARKET SIZE, BY TYPE, 2020–2025 (KILOTON) 91
6.3 COLOR MASTERBATCH 92
FIGURE 29 APAC TO BE THE LARGEST COLOR MASTERBATCH MARKET DURING
THE FORECAST PERIOD 92
6.3.1 STANDARD COLOR 92
6.3.2 SPECIALTY COLOR 92
6.3.2.1 Metallic 93
6.3.2.2 Pearlescent 93
6.3.2.3 Fluorescent 93
6.3.2.4 Phosphorescent 93
6.3.3 TAILOR-MADE COLORS 93
6.3.3.1 Growing focus on quality and consistency of end-use products 93
TABLE 7 COLOR MASTERBATCH MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 93
TABLE 8 COLOR MASTERBATCH MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 94
TABLE 9 COLOR MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 94
TABLE 10 COLOR MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 94
6.4 ADDITIVE MASTERBATCH 95
6.4.1 ANTIMICROBIAL ADDITIVE 95
6.4.2 ANTIOXIDANT ADDITIVE 95
6.4.2.1 Primary 95
6.4.2.2 Secondary 95
6.4.2.3 Primary & Secondary 95
6.4.3 FLAME RETARDANT 95
6.4.4 UV STABILIZER 95
6.4.5 FOAMING AGENT/BLOWING AGENT 96
6.4.6 OPTICAL BRIGHTENER 96
6.4.7 NUCLEATING AGENT 96
6.4.7.1 Increasing demand for nucleating agents in plastic
processing applications 96
FIGURE 30 EUROPE TO BE THE SECOND-LARGEST ADDITIVE MASTERBATCH MARKET 96
TABLE 11 ADDITIVE MASTERBATCH MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 96
TABLE 12 ADDITIVE MASTERBATCH MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 97
TABLE 13 ADDITIVE MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 97
TABLE 14 ADDITIVE MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 97
6.5 WHITE MASTERBATCH 98
6.5.1 INCREASING MANUFACTURE OF CONSUMER PLASTIC PRODUCTS 98
FIGURE 31 APAC TO BE LARGEST WHITE MASTERBATCH MARKET DURING
THE FORECAST PERIOD 98
TABLE 15 WHITE MASTERBATCH MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 98
TABLE 16 WHITE MASTERBATCH MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 99
TABLE 17 WHITE MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 99
TABLE 18 WHITE MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 99
6.6 BLACK MASTERBATCH 100
6.6.1 HIGH DEMAND IN THE BUILDING & CONSTRUCTION INDUSTRY 100
FIGURE 32 MIDDLE EAST & AFRICA TO REGISTER THE SECOND-HIGHEST CAGR
FOR BLACK MASTERBATCH MARKET 100
TABLE 19 BLACK MASTERBATCH MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 100
TABLE 20 BLACK MASTERBATCH MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 101
TABLE 21 BLACK MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 101
TABLE 22 BLACK MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 101
6.7 FILLER MASTERBATCH 102
6.7.1 USE OF FILLER REDUCING THE COST OF PLASTIC PRODUCTS 102
FIGURE 33 APAC TO BE THE LARGEST MARKET FOR FILLER MASTERBATCH MARKET DURING THE FORECAST PERIOD 102
TABLE 23 FILLER MASTERBATCH MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 102
TABLE 24 FILLER MASTERBATCH MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 103
TABLE 25 FILLER MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 103
TABLE 26 FILLER MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 103

7 MASTERBATCH MARKET, BY POLYMER 104
7.1 INTRODUCTION 105
FIGURE 34 PP TO BE THE LARGEST POLYMER SEGMENT OF THE MASTERBATCH MARKET 105
TABLE 27 MASTERBATCH MARKET SIZE, BY POLYMER, 2016–2019 (USD MILLION) 105
TABLE 28 MASTERBATCH MARKET SIZE, BY POLYMER, 2020–2025 (USD MILLION) 106
TABLE 29 MASTERBATCH MARKET SIZE, BY POLYMER, 2016–2019 (KILOTON) 106
TABLE 30 MASTERBATCH MARKET SIZE, BY POLYMER, 2020–2025 (KILOTON) 107
7.2 POLYPROPYLENE (PP) 107
7.2.1 GREATER EFFICIENCY, SMOOTHNESS, AND DISPERSION ABILITY 107
FIGURE 35 APAC TO BE THE LARGEST MARKET FOR PP MASTERBATCH MARKET
DURING THE FORECAST PERIOD 107
TABLE 31 PP: MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 108
TABLE 32 PP: MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 108
TABLE 33 PP: MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 108
TABLE 34 PP: MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 109
7.3 LOW-DENSITY POLYETHYLENE & LINEAR LOW-DENSITY POLYETHYLENE (LDPE & LLDPE) 109
7.3.1 HIGHER COMPATIBILITY WITH MASTERBATCH TO PRODUCE A WIDE RANGE OF PLASTIC PRODUCTS 109
FIGURE 36 MIDDLE EAST & AFRICA TO BE THE SECOND FASTEST-GROWING MARKET FOR LDPE & LLDPE MASTERBATCH 109
TABLE 35 LDPE & LLDPE: MASTERBATCH MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 110
TABLE 36 LDPE & LLDPE: MASTERBATCH MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 110
TABLE 37 LDPE & LLDPE: MASTERBATCH MARKET SIZE, BY REGION,
2016–2019 (KILOTON) 110
TABLE 38 LDPE & LLDPE: MASTERBATCH MARKET SIZE, BY REGION,
2020–2025 (KILOTON) 111
7.4 HIGH-DENSITY POLYETHYLENE (HDPE) 111
7.4.1 HIGH STRENGTH-TO-DENSITY RATIO DRIVING THE MARKET 111
FIGURE 37 EUROPE TO BE SECOND-LARGEST HDPE MASTERBATCH MARKET
DURING THE FORECAST PERIOD 111
TABLE 39 HDPE: MASTERBATCH MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 112
TABLE 40 HDPE: MASTERBATCH MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 112
TABLE 41 HDPE: MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 112
TABLE 42 HDPE: MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 113
7.5 POLYVINYL CHLORIDE (PVC) 113
7.5.1 EASY AVAILABILITY AND LOW PRICE OF PVC PROPELLING MARKET GROWTH 113
FIGURE 38 NORTH AMERICA TO ACCOUNT FOR THE SECOND-LARGEST SHARE IN MASTERBATCH MARKET FOR PVC DURING THE FORECAST PERIOD 113
TABLE 43 PVC: MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 114
TABLE 44 PVC: MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 114
TABLE 45 PVC: MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 114
TABLE 46 PVC: MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 115
7.6 POLYURETHANE (PUR) 115
7.6.1 INCREASING DEMAND IN AUTOMOTIVE, FURNITURE, CONSTRUCTION,
AND FOOTWEAR APPLICATIONS 115
FIGURE 39 APAC TO BE THE LARGEST MARKET FOR PUR MASTERBATCH MARKET 115
TABLE 47 PUR: MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 116
TABLE 48 PUR: MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 116
TABLE 49 PUR: MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 116
TABLE 50 PUR: MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 117
7.7 POLYETHYLENE TEREPHTHALATE (PET) 117
7.7.1 RISING DEMAND IN PACKAGING APPLICATIONS TO DRIVE THE MARKET 117
FIGURE 40 EUROPE TO BE THE SECOND-LARGEST PET MASTERBATCH MARKET DURING THE FORECAST PERIOD 117
TABLE 51 PET: MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 118
TABLE 52 PET: MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 118
TABLE 53 PET: MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 118
TABLE 54 PET: MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 119
7.8 POLYSTYRENE (PS) 119
7.8.1 EXCELLENT THERMAL & DIMENSIONAL STABILITY OF PS FACILITATING MARKET GROWTH 119
FIGURE 41 APAC TO ACCOUNT FOR THE LARGEST SHARE IN PS MASTERBATCH
MARKET DURING THE FORECAST PERIOD 119
TABLE 55 PS: MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 120
TABLE 56 PS: MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 120
TABLE 57 PS: MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 120
TABLE 58 PS: MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 121
7.9 OTHERS 121
7.9.1 POLYCARBONATE (PC) 121
7.9.2 ACRYLONITRILE BUTADIENE STYRENE (ABS) 121
7.9.3 POLYAMIDE (PA) 121
FIGURE 42 EUROPE TO BE THE SECOND-LARGEST MASTERBATCH MARKET FOR OTHER POLYMERS DURING THE FORECAST PERIOD 121
TABLE 59 OTHERS: MASTERBATCH MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 122
TABLE 60 OTHERS: MASTERBATCH MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 122
TABLE 61 OTHERS: MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 123
TABLE 62 OTHERS: MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 123

8 MASTERBATCH MARKET, BY APPLICATION 124
8.1 INTRODUCTION 125
FIGURE 43 PACKAGING TO BE THE LARGEST APPLICATION OF MASTERBATCH
DURING THE FORECAST PERIOD 125
TABLE 63 MASTERBATCH MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION) 125
TABLE 64 MASTERBATCH MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 126
TABLE 65 MASTERBATCH MARKET SIZE, BY APPLICATION, 2016–2019 (KILOTON) 126
TABLE 66 MASTERBATCH MARKET SIZE, BY APPLICATION, 2020–2025 (KILOTON) 127
8.2 PACKAGING 127
FIGURE 44 APAC TO BE THE LARGEST MASTERBATCH MARKET IN PACKAGING APPLICATION 127
8.2.1 RIGID PACKAGING 128
8.2.2 FLEXIBLE PACKAGING 128
8.2.2.1 Growing focus on retaining aroma and providing barrier
against moisture 128
TABLE 67 MASTERBATCH MARKET SIZE IN PACKAGING, BY REGION,
2016–2019 (USD MILLION) 128
TABLE 68 MASTERBATCH MARKET SIZE IN PACKAGING, BY REGION,
2020–2025 (USD MILLION) 128
TABLE 69 MASTERBATCH MARKET SIZE IN PACKAGING, BY REGION,
2016–2019 (KILOTON) 129
TABLE 70 MASTERBATCH MARKET SIZE IN PACKAGING, BY REGION,
2020–2025 (KILOTON) 129
8.3 BUILDING & CONSTRUCTION 129
8.3.1 PIPES & FITTINGS 129
8.3.2 DOORS & WINDOWS 129
8.3.3 FENCES & FENESTRATIONS 130
8.3.4 SIDING 130
8.3.4.1 Increasing demand to improve product durability and consistency 130
FIGURE 45 MIDDLE EAST & AFRICA TO BE THE SECOND FASTEST-GROWING MASTERBATCH MARKET IN BUILDING & CONSTRUCTION APPLICATION 130
TABLE 71 MASTERBATCH MARKET SIZE IN BUILDING & CONSTRUCTION, BY REGION, 2016–2019 (USD MILLION) 130
TABLE 72 MASTERBATCH MARKET SIZE IN BUILDING & CONSTRUCTION, BY REGION, 2020–2025 (USD MILLION) 131
TABLE 73 MASTERBATCH MARKET SIZE IN BUILDING & CONSTRUCTION, BY REGION, 2016–2019 (KILOTON) 131
TABLE 74 MASTERBATCH MARKET SIZE IN BUILDING & CONSTRUCTION, BY REGION, 2020–2025 (KILOTON) 131
8.4 CONSUMER GOODS 132
8.4.1 ELECTRONICS 132
8.4.2 FURNITURE 132
8.4.3 FOOTWEAR 132
8.4.3.1 Increasing demand for thermoplastic materials in footwear 132
FIGURE 46 EUROPE TO BE THE LARGEST MASTERBATCH MARKET IN CONSUMER
GOODS APPLICATION 132
TABLE 75 MASTERBATCH MARKET SIZE IN CONSUMER GOODS, BY REGION,
2016–2019 (USD MILLION) 133
TABLE 76 MASTERBATCH MARKET SIZE IN CONSUMER GOODS, BY REGION,
2020–2025 (USD MILLION) 133
TABLE 77 MASTERBATCH MARKET SIZE IN CONSUMER GOODS, BY REGION,
2016–2019 (KILOTON) 134
TABLE 78 MASTERBATCH MARKET SIZE IN CONSUMER GOODS, BY REGION,
2020–2025 (KILOTON) 134
8.5 AUTOMOTIVE 134
8.5.1 EXTERIOR 134
8.5.2 INTERIOR 134
FIGURE 47 EUROPE TO BE THE SECOND-LARGEST MASTERBATCH MARKET IN AUTOMOTIVE APPLICATION 135
TABLE 79 MASTERBATCH MARKET SIZE IN AUTOMOTIVE, BY REGION,
2016–2019 (USD MILLION) 135
TABLE 80 MASTERBATCH MARKET SIZE IN AUTOMOTIVE, BY REGION,
2020–2025 (USD MILLION) 135
TABLE 81 MASTERBATCH MARKET SIZE IN AUTOMOTIVE, BY REGION,
2016–2019 (KILOTON) 136
TABLE 82 MASTERBATCH MARKET SIZE IN AUTOMOTIVE, BY REGION,
2020–2025 (KILOTON) 136
8.6 TEXTILE 136
8.6.1 GROWING DEMAND FOR ADDITIVE MASTERBATCH IN TEXTILES 136
FIGURE 48 NORTH AMERICA TO BE THE THIRD-LARGEST MASTERBATCH MARKET IN TEXTILE APPLICATION 137
TABLE 83 MASTERBATCH MARKET SIZE IN TEXTILE, BY REGION,
2016–2019 (USD MILLION) 137
TABLE 84 MASTERBATCH MARKET SIZE IN TEXTILE, BY REGION,
2020–2025 (USD MILLION) 137
TABLE 85 MASTERBATCH MARKET SIZE IN TEXTILE, BY REGION, 2016–2019 (KILOTON) 138
TABLE 86 MASTERBATCH MARKET SIZE IN TEXTILE, BY REGION, 2020–2025 (KILOTON) 138
8.7 AGRICULTURE 138
8.7.1 TECHNOLOGICAL ADVANCEMENTS IN THE AGRICULTURE INDUSTRY 138
FIGURE 49 APAC TO BE THE LARGEST MASTERBATCH MARKET IN AGRICULTURE APPLICATION 139
TABLE 87 MASTERBATCH MARKET SIZE IN AGRICULTURE, BY REGION,
2016–2019 (USD MILLION) 139
TABLE 88 MASTERBATCH MARKET SIZE IN AGRICULTURE, BY REGION,
2020–2025 (USD MILLION) 139
TABLE 89 MASTERBATCH MARKET SIZE IN AGRICULTURE, BY REGION,
2016–2019 (KILOTON) 140
TABLE 90 MASTERBATCH MARKET SIZE IN AGRICULTURE, BY REGION,
2020–2025 (KILOTON) 140
8.8 OTHERS 141
FIGURE 50 EUROPE TO BE THE SECOND-LARGEST MASTERBATCH MARKET
IN OTHER APPLICATIONS 141
TABLE 91 MASTERBATCH MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2016–2019 (USD MILLION) 141
TABLE 92 MASTERBATCH MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2020–2025 (USD MILLION) 142
TABLE 93 MASTERBATCH MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2016–2019 (KILOTON) 142
TABLE 94 MASTERBATCH MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2020–2025 (KILOTON) 142

9 MASTERBATCH MARKET, BY REGION 143
9.1 INTRODUCTION 144
FIGURE 51 APAC MASTERBATCH MARKET TO REGISTER THE HIGHEST CAGR
DURING THE FORECAST PERIOD 144
TABLE 95 MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 144
TABLE 96 MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 145
TABLE 97 MASTERBATCH MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 145
TABLE 98 MASTERBATCH MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 145
9.2 IMPACT OF COVID-19 ON THE MASTERBATCH MARKET, BY REGION 146
9.3 APAC 146
FIGURE 52 APAC: MASTERBATCH MARKET SNAPSHOT 147
9.3.1 APAC MASTERBATCH MARKET, BY TYPE 147
TABLE 99 APAC: MASTERBATCH MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 147
TABLE 100 APAC: MASTERBATCH MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION) 148
TABLE 101 APAC: MASTERBATCH MARKET SIZE, BY TYPE, 2016–2019 (KILOTON) 148
TABLE 102 APAC: MASTERBATCH MARKET SIZE, BY TYPE, 2020–2025 (KILOTON) 148
9.3.2 APAC MASTERBATCH MARKET, BY POLYMER 149
TABLE 103 APAC: MASTERBATCH MARKET SIZE, BY POLYMER,
2016–2019 (USD MILLION) 149
TABLE 104 APAC: MASTERBATCH MARKET SIZE, BY POLYMER,
2020–2025 (USD MILLION) 149
TABLE 105 APAC: MASTERBATCH MARKET SIZE, BY POLYMER, 2016–2019 (KILOTON) 150
TABLE 106 APAC: MASTERBATCH MARKET SIZE, BY POLYMER, 2020–2025 (KILOTON) 150
9.3.3 APAC MASTERBATCH MARKET, BY APPLICATION 150
TABLE 107 APAC: MASTERBATCH MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 150
TABLE 108 APAC: MASTERBATCH MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 151
TABLE 109 APAC: MASTERBATCH MARKET SIZE, BY APPLICATION,
2016–2019 (KILOTON) 151
TABLE 110 APAC: MASTERBATCH MARKET SIZE, BY APPLICATION,
2020–2025 (KILOTON) 152
9.3.4 APAC MASTERBATCH MARKET, BY COUNTRY 152
TABLE 111 APAC: MASTERBATCH MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 152
TABLE 112 APAC: MASTERBATCH MARKET SIZE, BY COUNTRY,
2020–2025 (USD MILLION) 152
TABLE 113 APAC: MASTERBATCH MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON) 153
TABLE 114 APAC: MASTERBATCH MARKET SIZE, BY COUNTRY, 2020–2025 (KILOTON) 153
9.3.4.1 China 154
9.3.4.1.1 Presence of major manufacturing industries increasing the demand for masterbatch 154
TABLE 115 CHINA: MASTERBATCH MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 154
TABLE 116 CHINA: MASTERBATCH MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 154
TABLE 117 CHINA: MASTERBATCH MARKET SIZE, BY APPLICATION,
2016–2019 (KILOTON) 155
TABLE 118 CHINA: MASTERBATCH MARKET SIZE, BY APPLICATION,
2020–2025 (KILOTON) 155
9.3.4.2 Japan 155
9.3.4.2.1 Increasing demand for color and additive masterbatches 155
TABLE 119 JAPAN: MASTERBATCH MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 156
TABLE 120 JAPAN: MASTERBATCH MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 156
TABLE 121 JAPAN: MASTERBATCH MARKET SIZE, BY APPLICATION,
2016–2019 (KILOTON) 157
TABLE 122 JAPAN: MASTERBATCH MARKET SIZE, BY APPLICATION,
2020–2025 (KILOTON) 157
9.3.4.3 India 157
9.3.4.3.1 Emerging industries to generate demand for masterbatch 157
TABLE 123 INDIA: MASTERBATCH MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 158
TABLE 124 INDIA: MASTERBATCH MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 158
TABLE 125 INDIA: MASTERBATCH MARKET SIZE, BY APPLICATION,
2016–2019 (KILOTON) 159
TABLE 126 INDIA: MASTERBATCH MARKET SIZE, BY APPLICATION,
2020–2025 (KILOTON) 159
9.3.4.4 South Korea 159
9.3.4.4.1 Growing consumption of plastics to drive the
demand for masterbatch 159
FIGURE 53 SOUTH KOREA: MASTERBATCH MARKET, 2016–2025 160
9.3.4.5 Taiwan 160
9.3.4.5.1 Presence of large plastics manufacturing industry fueling market growth 160
FIGURE 54 TAIWAN: MASTERBATCH MARKET, 2016–2025 160
9.3.4.6 Australia & New Zealand 161
9.3.4.6.1 Rising demand for packaging applications contributing to the growth of the market 161
FIGURE 55 AUSTRALIA & NEW ZEALAND: MASTERBATCH MARKET, 2016–2025 161
9.3.4.7 Indonesia 162
9.3.4.7.1 Growing demand for plastics in the building & construction and food packaging industries 162
FIGURE 56 INDONESIA: MASTERBATCH MARKET, 2016–2025 162