Masterbatch Market
In March 2023: Ampacet unveiled its latest product, the Biax4ce portfolio, which comprises a series of masterbatch solutions specifically tailored for mono-material PE film applications. These innovative products champion environmental sustainability by enabling seamless recycling and reuse of plastic films while also improving overall performance through enhanced mechanical properties and increased processability.
According to MarkNtel Advisors study, The Global Masterbatch Market size was valued at around USD 12.25 billion in 2023 & is estimated to grow at a CAGR of around 6.5% during the forecast period, i.e., 2024-30.
The non-biodegradable nature of plastics or polymers is highly supposed to impede the market growth of masterbatches. As recycled plastics are mixed with certain additives such as flame retardants, stabilizers, and coloring agents, they are toxic and non-biodegradable, thus standing as a challenge to the masterbatch manufacturers in the plastic industry.
In addition, there are certain regulations about the use of plastic. There is one such example in Europe, which has imposed a ban on single-use plastics, considering the issues with recycling. This challenge can impact the use of plastics in high-growth applications of masterbatches, such as packaging. This creates a hindrance to the growth & expansion of the masterbatch industry.
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Key Findings in Masterbatch Market:
| Historical Years | 2019-2022 |
| Base Years | 2023 |
| Forecast Years | 2024-2030 |
| Key Report Highlights | · Market Dimensions & Projections· Pricing Evaluation,· Recent Strategic Moves by Companies,· Primary Stakeholders,· Analysis of Import and Export Trends,· Competitive Landscape Assessment,· Emerging Opportunities,· Market Trends and Indicators |
| Reports Delivery Format | Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address. |
Masterbatch Market Key Players:
Primex Plastics Corporation, Vanetti S.P.A, RTP Company, Plastiblends, Plastika Kritis S.A., Penn Color Inc., Hubron International, Gabriel-Chemie GmbH, Tosaf Compounds Ltd., LyondellBasell Industries Holdings B.V, Sukano AG, Americhem, Inc., Cabot Corporation, Avient Corporation, Ampacet Corporation, Others (Astra Polymers, AF Color, etc.),
Market Segmentation Overview:
By Type
-Color Masterbatch
–Standard Color
–Speciality Color
–Tailor-made Color
-Additive Masterbatch
–Antimicrobial Additive
–Antioxidant Additive
–Flame Retardant
–UV Stabilizer
–Foaming/Blowing Agent
–Optical Brightener
–Nucleating Agent
-White Masterbatch
-Black Masterbatch
Black Masterbatch has acquired a significant share of the Global Masterbatch Market over the past period, owing to its wide application in industries such as packaging, shopping bags, construction pipes, etc. The dynamic properties of black masterbatch, such as better product dispersion, UV resistance, abrasion, and others, make it superior to other types of masterbatch and have been widely used by various packaging industries across the globe. The increase in construction and cable manufacturing activities across the countries to develop domestic infrastructure to largely support the growing tourism activities is expected to significantly increase demand for ABS & PVC pipes for drains, waste and vent piping systems, and electrical cable insulation. Hence, this would boost the demand for black Masterbatch for the production of PVC pipes, electrical cables, etc., during 2024-2030.
By Polymer
-Polypropylene
-Low-Density Polyethylene and Linear Low-Density Polyethylene
-High- Density Polyethylene
-Polyvinyl Chloride
-Polyurethane
-Polyethylene Terephthalate
-Polystyrene
-Others (Polycarbonate, Polyamide, etc.)
By Application
-Packaging
-Building and Construction
-Consumer Goods
-Automotive
-Textile
-Agriculture
-Others (Retail, Healthcare, etc.)
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By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
The Masterbatch Industry Recent Development:
In April 2023: Avient Corporation revealed plans to expand its masterbatch fiber color library and laboratory spinning capabilities at the Gaziantep, Turkey, facility. The site is located near significant carpet and carpet yarn manufacturers that focus on creating color solutions for textile manufacturing. By extending this location, Avient will be able to effectively cater to regional clients by providing a more comprehensive selection of masterbatch colors as well as sophisticated spinning capabilities specifically designed for textile applications.
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