South & Central America Masterbatch Market Forecast to 2031

At 3.9% CAGR, South & Central America Masterbatch Market is Speculated to be Worth US$ 819.88 Million by 2031, says The Research Team

According toThe Research Team’ research, 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, registering a CAGR of 3.9% from 2023 to 2031. Adoption of biodegradable and compostable masterbatch and strategic initiatives by key market players are among the critical factors attributed to drive the South & Central America masterbatch market growth.

Bio-based polymers are environmentally friendly and are the subject of extensive research in various fields. Biodegradable materials exhibit sustainability, thereby driving their use in commercial applications. The easy availability of natural raw materials for the production of biodegradable polymers is an added factor fueling its supply and demand. Further, increasing awareness regarding environmental concerns such as plastic pollution and waste management propels the demand for sustainable alternatives to conventional plastics. Biodegradable and compostable masterbatch offer solutions to mitigate environmental impact by reducing plastic waste and promoting circular economy principles.

Stringent government regulations pertaining to the utilization of toxic chemicals across the world have encouraged many market players to develop nontoxic and biodegradable alternatives, aiding global sustainability goals. Key market players are also focused on the development of technology to produce a post-consumer recyclate carrier resin. Masterbatches can also be produced using a post-consumer recyclate carrier resin to enable recyclates and articles to be produced with the minimum virgin polymer content. In 2023, Braskem and Engeflex developed a masterbatch composed of 100% Wenew post-consumer recycled resin. By 2025, the company aims to enhance its product portfolio by ~300,000 metric tons of products with recycled content. In 2030, the company aims to dispose of ~1.5 million metric tons of plastic waste for incineration and landfills. Thus, the development of biodegradable and compostable masterbatch is expected to positively influence the South & Central America masterbatch market in the coming years.

On the contrary, fluctuations in raw material prices hamper the growth of South & Central America masterbatch market.

Based on type, the South & Central America masterbatch market is divided into white, black, additives, color, filler, and others. The white segment held 32.0% market share in 2023, amassing US$ 193.15 million. It is projected to garner US$ 261.37 million by 2031 to register 3.9% CAGR during 2023-2031.

In terms of polymer, the South & Central America masterbatch market is segmented into polyethylene, polypropylene, polyethylene terephthalate, polystyrene, and others. The polyethylene segment held 35.3% share of South & Central America masterbatch market in 2023, amassing US$ 263.63 million. It is anticipated to garner US$ 350.71 million by 2031 to expand at 3.6% CAGR during 2023-2031.

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 49.9% share of South & Central America masterbatch market in 2023, amassing US$ 300.92 million. It is projected to garner US$ 430.66 million by 2031 to expand at 4.6% CAGR from 2023 to 2031.

Based on country, the South & Central America masterbatch market is categorized into Brazil, Argentina, Costa Rica, Guatemala, Ecuador, Columbia, and the Rest of South & Central America. Our regional analysis states that Brazil captured 29.6% share of South & Central America masterbatch market in 2023. It was assessed at US$ 178.66 million in 2023 and is likely to hit US$ 256.57 million by 2031, registering a CAGR of 4.6% during 2023-2031.

Key players operating in the South & Central America masterbatch market are Avient Corp, Ampacet Corporation, Cabot Corp, LyondellBasell Industries NV, Penn Color Inc, and FRILVAM SPA, among others.

In December 2023, Ampacet Corporation introduced ColorMark, masterbatch additive technology that enables processors to create permanent lettering and designs in intricate detail on dark plastic surfaces. It is compatible with PP, PS, ABS, PC, PA and other engineered resins used in injection molding, thermoforming and sheet applications.

In November 2023, Cabot Corporation announced the launch of its new REPLASBLAK product family of circular black masterbatches with certified materials. With this launch, Cabot introduced three products which will be sold as the company’s first-ever International Sustainability & Carbon Certification (ISCC PLUS) certified black masterbatch products powered by EVOLVE Sustainable Solutions.

o 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.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o 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.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o 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.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The Research Team 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 Research Team

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