Masterbatch Market Rising With Growth In New Technology Trends Research By 2030Posted by Mrudula Karmarkar on October 13th, 2022 The global masterbatch market size is expected to reach USD 9.65 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.3% from 2022 to 2030. Increasing replacement of metal with plastic is projected to fuel the market growth. In addition, rising demand from the European region is expected to propel the demand over the forecast period. In terms of revenue, black masterbatch was the largest type segment in 2021 and the trend is anticipated to continue over the forecast period. The increasing need for improving the surface appearance of plastic components in automotive and transportation, building and construction, and consumer goods is expected to contribute to the growth. Additive masterbatch is being widely used on account of various properties it imparts to plastics such as antistatic, antifoaming, antioxidant, antimicrobial, thermo-stabilizer, barrier properties, metal deactivators, anti-block, flame retardant, UV stabilizer, oxygen scavenger, and abrasion resistance. The growth of the packaging sector, especially plastic packaging, is anticipated to drive the masterbatch demand. Masterbatch is used in various end-use industries, such as packaging, building and construction, consumer goods, automotive and transportation, and agriculture, as it imparts useful functional properties such as smooth surface finish and desired hardness. The increasing spending capability of customers toward purchasing attractively packaged consumer goods is expected to trigger the need for various plastic components, which use masterbatches to improve the appearance and other properties. These factors together are anticipated to boost the market demand over the forecast period. In terms of revenue, polypropylene (PP) was the largest carrier polymer segment in 2021 and the trend is anticipated to continue over the forecast period. Polypropylene offers excellent electrical resistance and does not present stress-cracking problems at high temperatures and strong chemicals. As such, it is useful in both rigid and flexible packaging applications. The demand for polypropylene as a carrier polymer is projected to increase owing to its excellent mechanical strength and flexibility offered by it. Polypropylene also enhances the quality of surfaces. It is lightweight and therefore, is used to replace metal components in the automotive industry. The increasing use of masterbatch in various end-use industries such as packaging, building & construction, consumer goods, automotive, and agriculture, is expected to augment market growth over the forecast period. In addition, properties such as excellent wear resistance and corrosion resistance imparted by masterbatch are expected to boost market growth. The growing emphasis on improving the aesthetics in building & construction, automotive, packaging, and consumer goods segments in developed economies, such as Europe and North America, owing to the increased spending capability of consumers is also expected to trigger market growth over the forecast period. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/masterbatch-market/request/rs1 The replacement of metal with plastics in the end-use industries including automotive and transportation, building and construction, consumer goods, and packaging is expected to be a key factor driving the global market over the forecast period. The product is available in solid and liquid forms and is used for imparting color and enhancing useful properties of polymers such as antistatic, antifog, antilocking, UV stabilizing, and flame retardation. Various types of carrier polymers such as polypropylene, polyethylene, polyvinyl chloride, and polyethylene terephthalate are preferred along with the product for use in injection molding and extrusion processes. Masterbatch Market Report Highlights
The demand for masterbatch will further be driven by the growth in flexible packaging in developed economies including the U.S., Germany, the UK, and France. A. Schulman, Inc. expanded its production capacity for color masterbatches with the addition of three extruders, one each in Poland, Italy, and Hungary facilities. The expansion of capacity is expected to enable the company to serve the increased demand in the European region. Other companies in masterbatch business are also undergoing expansion on account of increased demand from developed economies. In addition to these initiatives, companies such as Clariant are investing research and development of CESA-nucleant masterbatches to improve the performance of homopolymer, copolymer, and random polypropylenes. The polypropylene packaging is suitable for food producers & packagers as it provides benefits including transparency, light weight, and heat tolerance. These factors together are anticipated to boost the demand over the forecast period. The market is fragmented with the presence of several global and regional players. Key players in the market comply with the regulatory policies and are engaged in research & development activities to develop innovative products. Most of the key industry players are integrated across the value chain posing entry barriers for new market players. Some prominent players in the global masterbatch market include:
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