Indonesia Masterbatch Market Research Report: Forecast (2023-2028)
The Indonesia Masterbatch Market is expected to grow at a CAGR of around 7.2% during the forecast period, i.e., 2023-28. Most of the market expansion would be driven by substantial investments by the government in the packaging, building & construction, and automotive sectors that extensively utilize plastic polymers and, consequently, masterbatches. In addition, the mounting demand for consumer appliances & electronics in the country, alongside the ever-increased government focus on developing various medical tourism destinations, are other crucial aspects expected to boost the masterbatch industry in Indonesia.
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Market Dynamics
Key Driver: Surging Demand for the Polystyrene Resins to Upscale the Market Growth
The demand for polystyrene resins is likely to grow considerably in the country over the forecast years and, subsequently, bode well for the masterbatch market expansion. It owes to the rapidly expanding hospitality sector of the country due to the increasing influx of business & leisure travelers, which has accelerated the development of luxurious hotels, multi-cuisine restaurants, etc. Consequently, it is infusing the demand for various consumer goods & electric appliances in the hospitality industry and promoting the Indonesia Masterbatch Market growth.
Leading Companies in Indonesia Masterbatch Market:
-Cabot Corp.
-Kasakata Chemicals
-Plasticolors Eka Perkasa
-Dunia Kimia Jaya
-Holco Indo Jaya (HIJ )
-Halim Samudra Interutama
-Berkat Utama
-Indonesia Polymer Compound
-Takhta Sinar Mulia
-Intera Lestari Polimer
Segmentation of the Industry
The Indonesia Masterbatch Market is highly fragmented and bifurcates into the following segmentations:
By Product Type
-Black
-White
-Color
-Additive
- Of them all, color masterbatches are gaining ground in Indonesia and are projected to acquire a sizeable share of the masterbatch industry during 2023-28.
By Application
-Film Extrusion
-Injection Molding
-Blow Molding
-Roto Molding
-Others (Pipe extrusion, multifilament etc.)
By End Users
-Automotive
-Packaging
-Consumer Goods
-Agriculture
-Construction
-Retail
- Here, the packaging industry holds a considerable market share, owing mainly to the burgeoning demand for plastics in the sector.
By Resin
-Polyethylene
-Polystyrene
-Others (Polypropylene, Polycarbonate etc.)
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