The global masterbatch market size is expected to reach USD
15.81 billion by 2025, according to a new report by Grand View Research, Inc.
The market is anticipated to grow at a CAGR of 6.6% primarily driven by
increasing replacement of metal by plastic is projected to fuel the market
growth. In addition, rising demand from the European region is further expected
to propel the demand over the forecast period.
In terms of revenue, color masterbatch was the largest
segment in 2016 and the trend is anticipated to continue at a growth rate of
7.1% over the forecast period. Increasing need for improving the surface
appearance of plastic components in automotive, building & 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, antiblock, flame
retardant, UV stabilizer, oxygen scavenger, and abrasion resistance. The growth
of packaging sector, especially plastic packaging, is anticipated to drive the
masterbatch demand.
Masterbatch is used in various end-use industries, such as
packaging, building & construction, consumer goods, automotive,
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 masterbatch market demand over the forecast period.
For full research report on Masterbatch
Market visit here:
https://www.grandviewresearch.com/industry-analysis/masterbatch-market
Further
key findings from the report suggest:
- Color
segment is expected to experience the fastest growth, in terms of value,
at a CAGR of 7.1% from 2017 to 2025 as color masterbatch finds application
in various end-use industries such as packaging, building &
construction, consumer goods, automotive, and agriculture
- Polyethylene
emerged as the largest carrier polymer segment, in terms of revenue, in
2016 and is estimated to be valued at USD 5,461.8 million by 2025. The
growing popularity on account of useful properties of HDPE, LDPE, and
LLDPE is projected to drive the growth.
- Packaging
was estimated as the largest end-use industry due to different types of
industrial, customer, and retail packaging segments across various
geographies
- The U.S.
masterbatch market, in terms of revenue, was valued at USD 1,624.3 million
in 2016 and is estimated to reach USD 2,920.3 million by 2025. The
consumer goods industry in the U.S. is projected to witness the fastest
growth over the next eight years owing to the increasing demand from
customers.
- Key
players including A. Schulman, Inc., Ampacet Corporation, Cabot
Corporation, Clariant AG, Plastiblends India Ltd., and Global Colors Group
have a prominent presence in the global market
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/masterbatch-market/request/rs1
Grand View
Research has segmented the global masterbatch market on the basis of type,
carrier polymer, end use, and region.
Masterbatch
Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- White
- Black
- Color
- Additive
- Filler
Masterbatch
Carrier Polymer Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- Polypropylene (PP)
- Polyethylene (PE)
- Polyvinyl Chloride
(PVC)
- Polyethylene
Terephthalate (PET)
- Others
Masterbatch
End Use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- Packaging
- Building &
Construction
- Consumer Goods
- Automotive
- Agriculture
- Others
Masterbatch
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Central & South
America
- Brazil
- Middle East &
Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
No comments:
Post a Comment