South & Central America Masterbatch Market Forecast to 2031 - Regional Analysis - by Type (White, Black, Additives, Color, Filler, and Others), Polymer (Polyethylene, Polypropylene, Polyethylene Terephthalate, Polystyrene, and Others), and End-use Industry (Building and Construction, Automotive, Packaging, Agriculture, Electrical and Electronics, and Others)

BMIRE00030806 | Pages: 103 | Chemicals and Materials | Sep 2024 | Type: Regional | Status: Published

The South & Central America masterbatch market was valued at US$ 603.58 million in 2023 and is expected to reach US$ 819.88 million by 2031; it is estimated to register a CAGR of 3.9% from 2023 to 2031.

Strategic Initiatives by Key Market Players Fuel South & Central America Masterbatch Market

Masterbatch manufacturers implement various strategic initiatives to maintain competitiveness, meet evolving customer demands, and capitalize on market opportunities. Masterbatch producers invest in research and development to innovate and introduce new products with enhanced properties, functionalities, and sustainable features. The product launches by key market players also include the development of formulations with improved color accuracy, dispersion properties, and specialty additives for specific applications.

In November 2023, Cabot Corporation launched REPLASBLAK, three circular black masterbatches with certified material. The product range includes REPLASBLAK rePE5475 100% circular black masterbatch, REPLASBLAK rePE5265 70% circular black masterbatch, and REPLASBLAK rePE5250 60% circular black masterbatch. In March 2023, Gerdau Graphene launched a graphene-enhanced Poly-G PE-07GM polyethylene masterbatch. The masterbatch is suitable for the production of films, profiles, and sheets formed through the extrusion processes. In 2022, Tosaf Compounds Ltd developed white masterbatches suitable for application in the hard and soft packaging for the food industry and components in the toys and cosmetics industries.

In December 2023, Ampacet Corporation launched ColorMark masterbatch, allowing customers to create permanent lettering and designs in intricate detail on dark plastic surfaces. The developed product is compatible with polypropylene; polystyrene; polycarbonate; polyamide; and other engineered resins used in injection molding, thermoforming, and sheet applications. In October 2023, Ampacet Corporation launched ProVital+ GermsClean, a medical-grade antimicrobial masterbatch. The developed product protects plastic components in healthcare facilities from the growth of microorganisms by preventing the proliferation of bacteria and fungi multiplication. Thus, rising product launches, innovations, research, and other strategic initiatives by market players are expected to create lucrative opportunities in the masterbatch market during the forecast period.

South & Central America Masterbatch Market Overview

According to the report by the Brazilian Association of Automotive Vehicle Manufacturers, the production of automobiles in Brazil grew by 11.4%, and the sales were increased by 10.9% from February to March 2022. In 2022, Audi AG invested US$ 19.2 million to restart production at its plant in Parana, Brazil, registering a capacity of 4,000 vehicles per year. Several economies in the region are focused on the development of electric vehicle infrastructure. In February 2023, Argentina's Federal Energy Department issued a resolution designed to support the growth of the low-emission vehicle industry. According to the Association of Automotive Manufacturers, 7,846 units of vehicles powered by alternative energies were patented in Argentina in 2022. Plastics are used in the production of exterior and interior furnishing of vehicles and components such as power trains, hoods, chassis, roofs, and flooring. Masterbatches such as white, black, additive, and filler are widely used in automotive applications. Thus, the growing automotive industry in South & Central America propels the demand for automotive components, which drives the masterbatch market growth in the region.

South & Central America Masterbatch Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Masterbatch Market Revenue and Forecast to 2031 (US$ Million)

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South & Central America Masterbatch Market Segmentation

The South & Central America masterbatch market is categorized into type, polymer, end-use industry, and country.

Based on type, the South & Central America masterbatch market is divided into white, black, additives, color, filler, and others. The white segment held the largest South & Central America masterbatch market share in 2023.

In terms of polymer, the South & Central America masterbatch market is segmented into polyethylene, polypropylene, polyethylene terephthalate, polystyrene, and others. The polyethylene segment held the largest South & Central America masterbatch market share in 2023.

By end-use industry, the South & Central America masterbatch market is divided into building and construction, automotive, packaging, agriculture, electrical and electronics, and others. The packaging segment held the largest South & Central America masterbatch market share in 2023.

By country, the South & Central America masterbatch market is categorized into Brazil, Argentina, Costa Rica, Guatemala, Ecuador, Columbia, and the Rest of South & Central America. Brazil dominated the South & Central America masterbatch market share in 2023.

Avient Corp, Ampacet Corporation, Cabot Corp, LyondellBasell Industries NV, Penn Color Inc, and FRILVAM SPA are some of the leading companies operating in the South & Central America masterbatch market.
 

TABLE OF CONTENTS

 

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

1.3 Limitations and Assumptions

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. South & Central America Masterbatch Market Landscape

4.1 Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Intensity of Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Ecosystem Analysis

5. South & Central America Masterbatch Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Demand for Plastic Packaging in Emerging Economies

5.1.2 Rising Demand for Black Masterbatches from End-Use Industries

5.2 Market Restraints

5.2.1 Fluctuations in Raw Material Prices

5.3 Market Opportunities

5.3.1 Strategic Initiatives by Key Market Players

5.4 Future Trends

5.4.1 Adoption of Biodegradable and Compostable Masterbatch

5.5 Impact of Drivers and Restraints:

6. Masterbatch Market - South & Central America Market Analysis

6.1 South & Central America Masterbatch Market Volume (Kilo Tons), 2023-2031

6.2 South & Central America Masterbatch Market Volume Forecast and Analysis (Kilo Tons)

6.3 South & Central America Masterbatch Market Revenue (US$ Million), 2023-2031

6.4 South & Central America Masterbatch Market Forecast and Analysis

7. South & Central America Masterbatch Market Volume and Revenue Analysis - by Type

7.1 White

7.1.1 Overview

7.1.2 White: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)

7.1.3 White: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

7.2 Black

7.2.1 Overview

7.2.2 Black: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)

7.2.3 Black: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

7.3 Additives

7.3.1 Overview

7.3.2 Additives: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)

7.3.3 Additives: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

7.4 Color

7.4.1 Overview

7.4.2 Color: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)

7.4.3 Color: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

7.5 Filler

7.5.1 Overview

7.5.2 Filler: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)

7.5.3 Filler: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)

7.6.3 Others: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

8. South & Central America Masterbatch Market Revenue Analysis - by Polymer

8.1 Polyethylene

8.1.1 Overview

8.1.2 Polyethylene: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

8.2 Polypropylene

8.2.1 Overview

8.2.2 Polypropylene: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

8.3 Polyethylene Terephthalate

8.3.1 Overview

8.3.2 Polyethylene Terephthalate: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

8.4 Polystyrene

8.4.1 Overview

8.4.2 Polystyrene: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

8.5 Others

8.5.1 Overview

8.5.2 Others: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

9. South & Central America Masterbatch Market Revenue Analysis - by End-use Industry

9.1 Building and Construction

9.1.1 Overview

9.1.2 Building and Construction: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

9.2 Automotive

9.2.1 Overview

9.2.2 Automotive: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

9.3 Packaging

9.3.1 Overview

9.3.2 Packaging: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

9.4 Agriculture

9.4.1 Overview

9.4.2 Agriculture: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

9.5 Electrical and Electronics

9.5.1 Overview

9.5.2 Electrical and Electronics: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

9.6 Others

9.6.1 Overview

9.6.2 Others: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

10. South & Central America Masterbatch Market - Country Analysis

10.1 South & Central America

10.1.1 South & Central America Masterbatch Market Breakdown, by Key Countries, 2023 and 2031 (%)

10.1.1.1 South & Central America Masterbatch Market Volume and Forecast and Analysis - by Country

10.1.1.2 South & Central America Masterbatch Market Revenue and Forecast and Analysis -by Country

10.1.1.3 Brazil Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

10.1.1.3.1 Brazil Masterbatch Market Breakdown by Type

10.1.1.3.2 Brazil Masterbatch Market Breakdown by Polymer

10.1.1.3.3 Brazil Masterbatch Market Breakdown by End-use Industry

10.1.1.4 Argentina Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

10.1.1.4.1 Argentina Masterbatch Market Breakdown by Type

10.1.1.4.2 Argentina Masterbatch Market Breakdown by Polymer

10.1.1.4.3 Argentina Masterbatch Market Breakdown by End-use Industry

10.1.1.5 Costa Rica Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

10.1.1.5.1 Costa Rica Masterbatch Market Breakdown by Type

10.1.1.5.2 Costa Rica Masterbatch Market Breakdown by Polymer

10.1.1.5.3 Costa Rica Masterbatch Market Breakdown by End-use Industry

10.1.1.6 Guatemala Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

10.1.1.6.1 Guatemala Masterbatch Market Breakdown by Type

10.1.1.6.2 Guatemala Masterbatch Market Breakdown by Polymer

10.1.1.6.3 Guatemala Masterbatch Market Breakdown by End-use Industry

10.1.1.7 Ecuador Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

10.1.1.7.1 Ecuador Masterbatch Market Breakdown by Type

10.1.1.7.2 Ecuador Masterbatch Market Breakdown by Polymer

10.1.1.7.3 Ecuador Masterbatch Market Breakdown by End-use Industry

10.1.1.8 Colombia Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

10.1.1.8.1 Colombia Masterbatch Market Breakdown by Type

10.1.1.8.2 Colombia Masterbatch Market Breakdown by Polymer

10.1.1.8.3 Colombia Masterbatch Market Breakdown by End-use Industry

10.1.1.9 Rest of South & Central America Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

10.1.1.9.1 Rest of South & Central America Masterbatch Market Breakdown by Type

10.1.1.9.2 Rest of South & Central America Masterbatch Market Breakdown by Polymer

10.1.1.9.3 Rest of South & Central America Masterbatch Market Breakdown by End-use Industry

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players

11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview

12.2 Expansion

12.3 Other Business Strategies

13. Company Profiles

13.1 Avient Corp

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Ampacet Corporation

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Cabot Corp

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 LyondellBasell Industries NV

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Penn Color Inc

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 FRILVAM SPA

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

14. Appendix

14.1 About The Insight Partners

 

 

 

List of Tables

Table 1. South & Central America Masterbatch Market Segmentation

Table 2. Pigment Properties and Extruder Process Parameters

Table 3. South & Central America Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)

Table 4. South & Central America Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Table 5. South & Central America Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons) - by Type

Table 6. South & Central America Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Type

Table 7. South & Central America Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Polymer

Table 8. South & Central America Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by End-use Industry

Table 9. South & Central America Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons) - by Country

Table 10. South & Central America Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Country

Table 11. Brazil Masterbatch Market -Volume and Forecast to 2031 (Kilo Tons) - by Type

Table 12. Brazil Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Type

Table 13. Brazil Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Polymer

Table 14. Brazil Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by End-use Industry

Table 15. Argentina Masterbatch Market -Volume and Forecast to 2031 (Kilo Tons) - by Type

Table 16. Argentina Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Type

Table 17. Argentina Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Polymer

Table 18. Argentina Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by End-use Industry

Table 19. Costa Rica Masterbatch Market -Volume and Forecast to 2031 (Kilo Tons) - by Type

Table 20. Costa Rica Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Type

Table 21. Costa Rica Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Polymer

Table 22. Costa Rica Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by End-use Industry

Table 23. Guatemala Masterbatch Market -Volume and Forecast to 2031 (Kilo Tons) - by Type

Table 24. Guatemala Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Type

Table 25. Guatemala Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Polymer

Table 26. Guatemala Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by End-use Industry

Table 27. Ecuador Masterbatch Market -Volume and Forecast to 2031 (Kilo Tons) - by Type

Table 28. Ecuador Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Type

Table 29. Ecuador Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Polymer

Table 30. Ecuador Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by End-use Industry

Table 31. Colombia Masterbatch Market -Volume and Forecast to 2031 (Kilo Tons) - by Type

Table 32. Colombia Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Type

Table 33. Colombia Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Polymer

Table 34. Colombia Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by End-use Industry

Table 35. Rest of South & Central America Masterbatch Market -Volume and Forecast to 2031 (Kilo Tons) - by Type

Table 36. Rest of South & Central America Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Type

Table 37. Rest of South & Central America Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by Polymer

Table 38. Rest of South & Central America Masterbatch Market - Revenue and Forecast to 2031 (US$ Million) - by End-use Industry

List of Figures

Figure 1. South & Central America Masterbatch Market Segmentation, by Country

Figure 2. Porter's Five Forces Analysis

Figure 3. Ecosystem Analysis: South & Central America Masterbatch Market

Figure 4. South & Central America Masterbatch Market - Key Market Dynamics

Figure 5. Crude Oil Prices in Accordance with Various Geopolitical and Economic Events (2000-2023)

Figure 6. Impact Analysis of Drivers and Restraints

Figure 7. South & Central America Masterbatch Market Volume (Kilo Tons), 2023-2031

Figure 8. South & Central America Masterbatch Market Revenue (US$ Million), 2023-2031

Figure 9. South & Central America Masterbatch Market Share (%) - Type, 2023 and 2031

Figure 10. White: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)

Figure 11. White: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 12. Black: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)

Figure 13. Black: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 14. Additives: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)

Figure 15. Additives: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 16. Color: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)

Figure 17. Color: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 18. Filler: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)

Figure 19. Filler: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 20. Others: Masterbatch Market - Volume and Forecast to 2031 (Kilo Tons)

Figure 21. Others: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 22. South & Central America Masterbatch Market Share (%) - Polymer, 2023 and 2031

Figure 23. Polyethylene: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 24. Polypropylene: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 25. Polyethylene Terephthalate: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 26. Polystyrene: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 27. Others: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 28. South & Central America Masterbatch Market Share (%) - End-use Industry, 2023 and 2031

Figure 29. Building and Construction: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 30. Automotive: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 31. Packaging: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 32. Agriculture: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 33. Electrical and Electronics: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 34. Others: Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 35. South & Central America Masterbatch Market Revenue, by Key Countries, (2023) (US$ Mn)

Figure 36. South & Central America Masterbatch Market Breakdown by Key Countries, 2023 and 2031 (%)

Figure 37. Brazil Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 38. Argentina Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 39. Costa Rica Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 40. Guatemala Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 41. Ecuador Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 42. Colombia Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 43. Rest of South & Central America Masterbatch Market - Revenue and Forecast to 2031 (US$ Million)

Figure 44. Heat Map Analysis by Key Players

Figure 45. Company Positioning & Concentration

  1. Avient Corp
  2. Ampacet Corporation
  3. Cabot Corp
  4. LyondellBasell Industries NV
  5. Penn Color Inc
  6. FRILVAM SPA
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America masterbatch market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in South & Central America masterbatch market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America masterbatch market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
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