The global additive masterbatch market is expected to hold a significant growth in the market where it is estimated that the additive masterbatch market revenue would be USD 3,583.38 million by 2030 with a CAGR of 6.35%, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the additive masterbatch market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the additive masterbatch market’s growth trajectory over the forecast period are provided in the report. The leading players in the global additive masterbatch market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global additive masterbatch market. The major drivers and restraints affecting the global additive masterbatch market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.
Additive masterbatch is a mixture of pigments and additives used to color polymers. Apart from imparting color, additive masterbatch also imparts other useful qualities to the plastics, such as higher resistance to UV radiation and flames. The growing replacement of metals with polymers in major manufacturing industries such as automotive is likely to be a major driver for the global additive masterbatch market over the forecast period. Polymers present several benefits in comparison to metals, including lighter weight and higher resistance to electrical currents and water. Water-based corrosion of metals is one of the major issues facing industries using metals in large quantities. Polymers eliminate this issue altogether, as they don’t react with water and are thus safe from corrosion. This is likely to be a major driver for the additive masterbatch market over the forecast period.
The growing use of plastics in packaging applications is likely to be a major driver for the additive masterbatch market over the forecast period. The packaging sector has grown by leaps and bounds in the last few years due to the growing ecommerce sector and growing urbanization in emerging regions. This is likely to be a major driver for the additive masterbatch market over the forecast period, as the demand for colored packaging materials is likely to grow over the forecast period.
Leading players in the global additive masterbatch market include Ampacet Corporation, RTP Company, Polyplast Muller GmbH, Dow Corning Corporation, Plastika Kritis SA, Plastiblends India Ltd., PolyOne Corporation, A. Schulman Inc., and Clariant AG.
The global additive masterbatch market is segmented on the basis of type, carrier resin, end use industry, and region.
By type, the global additive masterbatch market is segmented into antimicrobial additive masterbatch, flame retardant additive masterbatch, antioxidant additive masterbatch, and others. The antimicrobial additive masterbatch segment is likely to grow at a rapid growth rate over the forecast period due to the growing demand for antimicrobial protection in plastic products. Microbial contamination can affect plastic products and make them a biohazard for consumers. Antimicrobial additive masterbatch eliminates this concern, making plastic products safe to use.
By carrier resin, the global additive masterbatch market is segmented into polyethylene, polypropylene, polystyrene, polyvinyl chloride, polyethylene terephthalate, and others. Polyethylene is the leading segment of the global additive masterbatch market and is likely to retain this position over the forecast period. The growing use of polyethylene in packaging applications is a major driver for the segment.
By end use, the global additive masterbatch market is segmented into packaging, consumer goods, automotive, building and construction, agriculture, and others. The packaging industry holds a dominant share of 30% in the global additive masterbatch market and is likely to remain the leading segment in the market over the forecast period.
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Asia Pacific holds the largest share in the global additive masterbatch market and is likely to grow at the fastest pace over the forecast period.
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