Market Research Future (MRFR)’s latest study projects that the global additive masterbatch industry is expected to hold a significant growth in the market where it is estimated that the additive masterbatch industry revenue would be $6.28 billion by 2027 with a CAGR of 8.2%. The additive masterbatch industry is poised to witness an upsurge in demand owing to its extensive use in the coloring of raw polymer during the manufacturing process of plastics. It has also developed an application in enhancing the properties of base plastics such as antifouling, ultraviolet resistance, anti-static, flame retardant, etc.
The swift shift towards polymers from metals in industries such as automotive, building and construction, consumer goods, packaging, etc. is anticipated to augment the additive masterbatch industry through the forecast period. Additionally, the rapid industrialization of emerging country-level markets across the world is prognosticated to catapult the market on an upward trajectory.
The growth of the retail sector is passively influencing the proliferation of additive masterbatch industry by fueling demand from the packaging industry. The trend is anticipated to continue over the next couple of years.
Market Segmentation:
By type, the global additive masterbatch industry is segmented into antimicrobial additive masterbatch, flame retardant additive masterbatch, anti-oxidant additive masterbatch, and others.
By carrier resin, the additive masterbatch industry has been segmented into polypropylene (PP), polystyrene, polyethylene terephthalate (PET), polyethylene (PE), polyvinyl chloride (PVC), and others.
By end-use industries, the global additive masterbatch industry is segmented into packaging, automotive, consumer goods, building & construction, agriculture, and others.
Regional Analysis:
By region, the global additive masterbatch industry has been segmented into Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. Asia Pacific holds a substantial share of the global market and is expected to thrive at the highest CAGR during the forecast period. The rapid industrialization and urbanization witnessed in the region are poised to catalyze the growth of the regional additive masterbatch industry. Furthermore, the government initiatives undertaken for the expansion of the market such as incentives and tax benefits are likely to augment the market in the forthcoming years. China and India have emerged as the manufacturing hubs in recent times, which is prognosticated to aid the proliferation of the additive masterbatch industry in the region.
North America is a vital growth pocket of the global additive masterbatch industry. It is very likely that the region will retain its position in the foreseeable future. The expansion of the major end-use industries, such as construction, automotive, packaging, etc., in the region directly influences the expansion of the additive masterbatch industry. Additionally, the strong value maintained by the construction sector in the U.S. and Canada is majorly responsible for driving the growth of the regional market.
Europe is estimated to register a CAGR of 6% during the projection period. The growth can be ascribed to the increase in demand from the developed packaging, consumer goods, and automobile sector. Additionally, the rising application of the additive in the greenhouse plastic films is further expected to propel the growth of the additive masterbatch industry over 2023.
Competitive Dashboard:
Some of the key players profiled in this report are Clariant AG (Switzerland), PolyOne Corporation (U.S.), Plastika Kritis S.A. (Greece), A. Schulman, Inc. (U.S.), Plastiblends India Ltd. (India), Polyplast Muller GmbH (Germany), Plastika Kritis S.A (Turkey), Dow Corning Corporation (U.S.), RTP Company (U.S.), and Ampacet Corporation (U.S.).
View Full Report Description with TOC: https://www.marketresearchfuture.com/reports/additive-masterbatch-market-5567
Industry News:
In September 2021, a provider of additive masterbatches for flexible and rigid packaging, Ampacet, developed carbon black-free masterbatch solutions to be used for near-infrared (NIR) sorting applications.
In October 2021, PolyOne Corporation, a global provider of specialized polymer materials and services, received Biocidal Product Regulation (BPR) in Europe for its OnCap Aversive masterbatch additives.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), and Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team has a supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
