Global Additive Masterbatch Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027
“Global Additive Masterbatch Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global additive masterbatch market report has been segmented on the basis of type, carrier resin, end-use industries, and region.
Additive masterbatch is a compound primarily utilized in plastic manufacturing process. It commonly available in either liquid or solid form. These product contains a carrier material with pigments submerged into it and high concentration additives. Additive masterbatch is primarily utilized to improve the functional properties and performance of plastic products. In addition, it helps in producing durable and high strength plastic products. Additive masterbatch offer various properties such as water resistance, scratch resistance, and chemical resistance.
Growing demand for additive masterbatch across different end-use sectors such as building & construction and automotive is a major factor expected to drive growth of the global market over the next 10 years. In addition, increasing adoption of additive masterbatch in packaging and electrical and electronics industries is another factor projected to drive growth of the potential market over next 10 years.
In addition, rapid development in various end-use industries in emerging economies and increasing adoption of plastics materials over other conventional materials are other factors estimated to drive growth of the global market over the forecast period. Technological advancements in manufacturing process of additive masterbatch is another major factor expected to drive the growth of the global market.
However, availability of low cost substitutes is a major factor expected to restraint growth of the target market to certain extent.
On the basis of type, antimicrobial additive segment is expected to dominate the global additive masterbatch market, owing to its increasing adoption to control the microbes in plastic products. The antimicrobial additive segment revenue is projected to register highest CAGR over the forecast.
On the basis of carrier resin, polyethylene resin segment is expected to dominate the global additive masterbatch market, owing to its enhanced properties, such as high toughness, moisture resistance, and low density, in comparison to other resins. The polyethylene resin segment revenue is expected to register highest CAGR in the next few years.
On the basis of end-use industries, the packaging segment is expected to account for significant share in terms of revenue in the global market, owing to increasing demand for these products from packaging industry due to changing consumer lifestyle, rapid urbanization, geographic and economic trends, rising health awareness, and rapid development in packaging technology and material. The packaging segment revenue is also estimated to register highest CAGR over the forecast.
Asia Pacific additive masterbatch market is estimated to account for significant share in terms of revenue in the global market. Asia Pacific additive masterbatch market is also expected to register fastest growth in terms of revenue over the next 10 years, owing to increasing demand from various end-use industries such as packaging, healthcare, and consumer goods. In addition, increasing investment in building and construction sectors in countries in this region is among additional factor expected to drive growth of the target market over the forecast period.
Global additive masterbatch market segmentation:
Segmentation by type:
Segmentation by carrier resin:
Segmentation by end-use industries:
- Electronics and Electrical
- Building & Construction
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Clariant AG
- Schulman, Inc.
- PolyOne Corporation
- Plastika Kritis S.A.
- Plastiblends India Limited
- Ampacet Corporation
- Dow Silicones Corporation
- O'Neil Color & Compounding Corporation
- Penn Color, Inc.
- Polyplast Müller GmbH
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