LATAM Masterbatch Market - Forecast(2024 - 2030)

Report Code: CMR 1281 Report Format: PDF + Excel

LATAM Masterbatch Market Overview

LATAM Masterbatch Market size is estimated to reach US$300 million by 2027 and it is projected to grow at a CAGR of 3.2% during 2022-2027. A masterbatch is a solid or liquid additive used for plastics to color. Masterbatch comes in varieties of materials some of which are polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate and polycarbonate. Potential demand in textile industry and growth in food production are driving factor for LATAM masterbatch industry where as higher lead time is the restraining factor of masterbatch market. The industries such as automotive, packaging, textile including many others have experienced pitfalls in covid-19 pandemic. Also, the production and demand in the electrical and electronics industry had declined due to an interrupted supply chain and cessation in transportation of raw materials. Thus, with the global pause in industrial production and distribution, the demand and consumption of LATAM masterbatch has hampered to an extent in several industries. 

Report Coverage

The “LATAM Masterbatch Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the LATAM masterbatch industry.

By Type: Additives Masterbatch, Color Masterbatch, Black Masterbatch, White Masterbatch, and Others
By Form: Liquid and Powder
By Material: Polyester, Polypropylene (PP) (Polypropylene Non-woven (PP) and Polypropylene Woven (PP)), Polyamide (PA) (Polyamide 6 and Polyamide 66), Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT), Polyethylene (PE), Acrylonitrile Butadiene Styrene (ABS), Polyvinyl Chloride (PVC), Polycarbonate (PC), and Others
By Application: Personal Protective Equipment (PPE), Auto Accessories, Household Appliances, Reusable Bag, Sports Equipment, Food Processing Machine, Control Panel, Pipes, Furniture, and Others
By End Use Industry: Automotive (Passenger Cars, Light Commercial Vehicle and Heavy Commercial Vehicle), Packaging (Bottles, Jar, Containers and Others), Building & Construction (Residential, Commercial and Industrial), Textiles, Electronics & Electrical, Consumer Goods, Food & Beverage, Agriculture, and Others
By Geography: Mexico, Brazil, Colombia, Argentina, Chile and Rest of LATAM

Key Takeaways

  • Brazil holds the largest share in the global LATAM masterbatch market. This growth is mainly attributed to the increased production of motor vehicles. 
  • Electrical and electronics is expected to be the significant segment owing to the surge in demand for TV, refrigerator and more. As a result of which market will be flourished over the coming years.
  • Masterbatch plays an important role in several industries especially in the automotive, textile and sports equipment which is expected to provide significant growth opportunity for the LATAM market.

Figure: Brazil Masterbatch Market Revenue, 2021-2027 (US$ Million)
LATAM Masterbatch Market
For More Details on This Report - Request for Sample

LATAM Masterbatch Market Segment Analysis – By Application

The household appliances segment held the largest share in the LATAM masterbatch market in 2021 and it is expected to grow with a CAGR of around 3.8% during the forecast period 2022-27. Masterbatch is additive which comes in different colors. Masterbatch is majorly used in household appliances as it provides higher toughness and stiffness. Using masterbatch, the processor can color raw polymer in a cost-effective manner during the plastics manufacturing process. Also, its characteristic of thermal insulator has an application in household appliances. In addition to that it aids in aesthetic look to household appliances. Thus, versatile applications of masterbatch in household appliances is potentially driving the growth of LATAM masterbatch market.

LATAM Masterbatch Market Segment Analysis – By End-Use Industry

The electrical and electronics segment held the largest share in the LATAM masterbatch market in 2021 and it is expected to grow with a CAGR of around 4.2% during the forecast period 2022-27. The masterbatch is commonly used in various electronics components. In order to function properly, plastic components of the electric machines need to be durable and resistant to wear and tear. This is where the masterbatch serve as an application in electronics accessories such as TV, refrigerator, vacuum cleaner and more. According to IVEMSA Mexico is largest exporter of flat screen TV and 8th largest electronics producer in the world. As a result, the growth in electronics components, LATAM masterbatch market is likely to witness the boost.

LATAM Masterbatch Market Segment Analysis – By Geography

The Brazil accounts for the largest share in the LATAM Masterbatch market in 2021 up to 34%. This growth is mainly attributed to the increase in demand for LATAM masterbatch in several end use industries in this region such as electrical and electronics, food and beverages and textile. Increase in demand for motor vehicles in Latin America is further boosting the demand for masterbatch. Masterbatch improves comfort, aesthetics, and function while also allowing for vehicle recovery at the end of its life cycle. Vehicles with masterbatch have higher energy efficiency. According to Organisation Internationale des Constructeurs d’Automobiles (OICA) total motor vehicle production in Brazil in 2021 increased by 12% compared to production in 2020. Total motor vehicle production in 2021 was 2248253 units out of which 24% were commercial vehicle and 76% were passenger cars. Thus, the growth in automotive industry is boosting the market growth.

LATAM Masterbatch Market Drivers

Surge in Textile Industry

The masterbatch acts as an additive. It is available in black, white, and many hues. These various color additives are mixed together to achieve the desired color. For coloring, masterbatch is employed (color masterbatch). By blending multiple colors specific color can be made as per the requirement. It is used for clothing, carpet production and more. There is a huge demand for textile in Brazil. According to The Brazilian Association of Producers of Artificial and Synthetic Fibers (ABRAFAS) Brazil can fulfill only 40% of its textile demand in 2021 meaning that 60% of textile needs to be imported. There is lot of scope for foreign companies to expand their business in Brazil. Besides, it presents opportunities for necessary accessories, such as masterbatch, required in textile industry. Thus, the potential scope of masterbatch in textile industry in Brazil is fueling the growth of global LATAM masterbatch market.

Growth in Food and Beverages

Food and beverages is one of the fastest growing industry across the globe. It includes a wide range of business divisions such as food production, food processing, food storage and food packaging. Masterbatch is resistant to chemicals and corrosion. This finds an application in food processing and food packaging. Increasing food production is driving the food processing sector as easy availability leads lower cost of production. For instance, according to cocoa processors association AIPC, Brazil is in the top 7 cocoa producer country in the world. In 2019 more than 580 thousand hectors were planted for cocoa in Brazil. Thus, growth of food and beverage industry is boosting the demand for LATAM masterbatch.

LATAM Masterbatch Market Challenges

Higher Lead Time and More Storage Space

Although masterbatch has versatile application in many industries it has certain limitations. One of the biggest drawbacks of color masterbatch is the insufficient dispersion of the coloring pattern. Color masterbatch is well-known for its exceptional prolonged lead times. Masterbatches require more storage space than pure pigments, and their lead times are longer. Another disadvantage is that the carrier and additive are exposed to more heat. This has adverse impact on not only economical aspect of the process but also on the quality of finished product. Thus, higher lead time and more storage space is restraining the growth of global market.

LATAM Masterbatch Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the LATAM masterbatch market. LATAM masterbatch market top 10 companies include -

  1. Avient Corporation
  2. LyondellBasell
  3. Cabot Corporation
  4. Hubron International
  5. Tosaf Group
  6. Ampacet
  7. Modern Dispersions, Incorporated (MDI)
  8. Astra Polymers
  9. Alok Masterbatches
  10. Americhem, Inc.

Relevant Reports

Additive Masterbatch Market- Forecast (2022-2027)

Report Code: CMR 73074

Color Masterbatches Market- Forecast (2022 - 2027)

Report Code: CMR 0118

Solid Masterbatches Market – Forecast (2022 - 2027)

Report Code: CMR 97960

For more Chemicals and Materials Market reports, please click here

1. LATAM Masterbatch Market- Market Overview
    1.1 Definitions and Scope
2. LATAM Masterbatch Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Form
    2.3 Key Trends by Material
    2.4 Key Trends by Application
    2.5 Key Trends by End-Use Industry
    2.6 Key Trends by Geography
3. LATAM Masterbatch Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. LATAM Masterbatch Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. LATAM Masterbatch Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. LATAM Masterbatch Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. LATAM Masterbatch Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. LATAM Masterbatch Market – By Type (Market Size -US$ Million/Billion)
    8.1 Additives Masterbatch
    8.2 Color Masterbatch
    8.3 Black Masterbatch
    8.4 White Masterbatch
    8.5 Others
9. LATAM Masterbatch Market – By Form (Market Size -US$ Million/Billion)
    9.1 Liquid
    9.2 Powder
10. LATAM Masterbatch Market – By Material (Market Size -US$ Million/Billion)
    10.1 Polyester
    10.2 Polypropylene (PP)
        10.2.1 Polypropylene Non-woven (PP)
        10.2.2 Polypropylene Woven (PP)
    10.3 Polyamide (PA)
        10.3.1 Polyamide 6
        10.3.2 Polyamide 66
    10.4 Polyethylene Terephthalate (PET)
    10.5 Polybutylene Terephthalate (PBT)
    10.6 Polyethylene (PE)
    10.7 Acrylonitrile Butadiene Styrene (ABS)
    10.8 Polyvinyl Chloride (PVC)
    10.9 Polycarbonate (PC)
    10.10 Others
11. LATAM Masterbatch Market – By Application (Market Size -US$ Million/Billion)
    11.1 Personal Protective Equipment (PPE)
    11.2 Auto Accessories
    11.3 Household Appliances
    11.4 Reusable Bag
    11.5 Sports Equipment
    11.6 Food Processing Machine
    11.7 Control Panel
    11.8 Pipes
    11.9 Furniture
    11.10 Others
12. LATAM Masterbatch Market – By End-Use Industry (Market Size -US$ Million/Billion)
    12.1 Automotive
        12.1.1 Passenger Cars
        12.1.2 Light Commercial Vehicle
        12.1.3 Heavy Commercial Vehicle
    12.2 Packaging
        12.2.1 Bottles
        12.2.2 Jar
        12.2.3 Containers
        12.2.4 Others
    12.3 Building & Construction
        12.3.1 Residential
        12.3.2 Commercial
        12.3.3 Industrial
    12.4 Textiles
    12.5 Electronics & Electrical
    12.6 Consumer Goods
    12.7 Food & Beverage
    12.8 Agriculture
    12.9 Others
13. LATAM Masterbatch Market - By Geography (Market Size -US$ Million/Billion)
    13.1 Mexico
    13.2 Brazil
    13.3 Colombia
    13.4 Argentina
    13.5 Chile
    13.6 Rest of LATAM
14. LATAM Masterbatch Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. LATAM Masterbatch Market – Industry/Competition Segment Analysis Premium
    15.1 Company Benchmarking Matrix – Major Companies
    15.2 Market Share by Key Country - Major companies
    15.3 Market Share by Key Product Type/Product category - Major companies
16. LATAM Masterbatch Market – Key Company List by Country Premium Premium
17. LATAM Masterbatch Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10
"*Financials would be provided on a best effort basis for private companies"