Global Masterbatch Market is Forecast to Touch USD xx Billion by 2027, Growing at a CAGR of xx % During 2020 to 2027

Published | 21 November 2020

According to BlueWeave Consulting, the Global Masterbatch Market is further projected to reach USD xx billion by 2027, growing at a CAGR of xx% during the forecast period. Masterbatch is a solid supplement used majorly for plastic coloring (color masterbatch) or imparting the characteristics of plastic (additive masterbatch). The masterbatch is a concentrated mix of pigments or/and additives encased/encapsulated during a heat process into a carrier resin, which is later cooled and shaped into a granular shape eventually. Usage of masterbatch allows the processor to color raw polymer economically during the manufacturing process of plastics, polymers, etc.

Growing Demands for lightweight Vehicles and Greener fuel sources

As per the modifications in high-end technology is taking place abruptly. Transportation has become a significant part of urban society, and that the number of advancements being made in this vertical is evident for that. With that, there’s an increase in demand for light weighing vehicles, due to properties they possess. Such as being fast, being able to work on solar power or batteries, etc. The escalation of these vehicles has been addressed due European Union’s concern for the reduction of greenhouse gases, that are emitted from conventional or heavy vehicles.

Growing demands for Plastics from Pharma and related industries

The factors are inclusive of construction activities for all industrial, residential, and commercial purposes. With the increase in demand for automobiles, especially lightweight vehicles, and the increasing preference for plastic goods and products worldwide. in hindsight, there are the fluctuating rates of raw materials like polymers, titanium oxide, and others with a high volatile nature may project some challenges to the overall market growth, at some point. However, the increased demand for packaging plastics from market segments such as pharmaceuticals, beverages, and food are likely to emerge as lucrative growth opportunities for the relevant market. Also, due to the pandemic this demand has only increased.

The Asia Pacific will witness a significant rise

The market size of Asia for Masterbatch was at a value of 3,998.14 Million in the year 2018, and as a reflection to which it is again expected to reassert its dominance once again in the projected period. The presence of countries such as China, India, and Taiwan would be responsible for this growth. Additionally, the increase in expenditure money and purchasing power among the populations will eventually pump the demand, and hence the market would witness the expected rates of growth.

The leading market players for the global Masterbatch market are Ampacet Corporation, A. Schulman, Inc., Clariant, PolyOne Corporation, Cabot Corporation, Creta Plastics, Tosaf Compounds Ltd., Dainichiseika Color & Chemicals Mfg. Co., Ltd. Penn Color Inc., Plastiblends, RTP Company, Primex Color, Compounding & Additives, K.D. FEDDERSEN, Hubron International, High Technology Masterbatches S.L., AMERICHEM, Astra Polymers, Jiangsu PulaikeHongmei Masterbatch Co., Ltd., CONSTAB, Alok Masterbatches Pvt. Ltd, VanettiS.p.a., Rajiv Plastic Industries among many others.

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The in-depth analysis of the report provides the growth potential, upcoming trends, and statistics of the Global Masterbatch Market size & forecast. The report promises to provide state-of-the-art technology of the Global Masterbatch Paper Market and industry insights, which help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the market drivers, challenges, and competitive analysis of the market.

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