WCA September 2022

Industry News

The global masterbatch market grew at a CAGR of 3.1 per cent from 2017 to 2021

Delta Tecnic grows business and expands presence in Americas and Asia

India. In this respect, Delta Tecnic exports more than 75 per cent of its production. The global masterbatch market grew at a CAGR of 3.1 per cent from 2017 to 2021, to a total figure of $14.933bn, according to a study by Precision Business Insights. Over the same four-year period, Delta Tecnic’s global business grew by 9 per cent. The same study shows that the European region recorded a masterbatch market share of 29 per cent in 2021, and is expected to grow by 5.2 per cent between 2022 and 2029. Spain is the fourth-largest European country in terms of masterbatch market share, at 13.7 per cent in 2021, and is expected to grow by more than 4 per cent between 2022 and 2029. Delta Tecnic https://deltatecnic.com

has allowed us to navigate through an environment of volatility unprecedented in the company’s history while main- taining our growth and profitability.” Delta Tecnic has been selling its products in Mexico for 25 years, and in 2020 it start ed up a masterbatch plant in Querétaro. Mexico is a strategic market from which to supply products to countries such as the USA, Canada, Costa Rica, Colombia, Peru, Brazil, Chile and Argentina. One of the company’s objectives is to expand its presence on the American continent, based on its investment in the Mexican plant. The company is also seeking to strengthen its position in Europe by expanding the industrial sub-sectors it serves. It is also making inroads in Asia, having experienced strong growth in

Delta Tecnic, a specialist in masterbatches for the cable and PVC industry, posted revenues of €50.9mn in 2021, up 12 per cent from 2020. The trend remains upward for the company in 2022, with turnover up 21.4 per cent in the first four months, compared to the same period last year. The company states that its progress is the result of its commitment to sectors of “prime necessity” or those that are currently undergoing technological change, such as electromobility, energy transition and telecommunications. The main sectors for the company are energy, construction and automotive. CEO Eric Xirinachs commented, “Our company’s resilience is based on trust, technical expertise and relationships with our customers and suppliers, as well as diversification in different markets, which

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September 2022