Masterbatch Market Segmentation, Industry Outlook and Forecasts, 2017 - 2022
Color masterbatch is one of the fastest growing segment with substantial revenue generation in recent years. Globally, the market is predicted to grow at CAGR of 5.9% in forecast period, providing numerous opportunity for market players to invest for research and development in the masterbatch market.
Color masterbatch is one of the fastest growing segment with substantial revenue generation in recent years. Globally, the market is predicted to grow at CAGR of 5.9% in forecast period, providing numerous opportunity for market players to invest for research and development in the masterbatch market.
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Rising dem<strong>and</strong> associated with enhancement in the surface appearance of plastic components in<br />
various industries is anticipated to boost dem<strong>and</strong> of the masterbatch market over the forecast<br />
period. Additive masterbatch is considered as one of the fastest growing segment of the<br />
masterbatch market due to vital properties associated with its adoption that include antistatic, antifoaming,<br />
anti-oxidant, antimicrobial, thermal stabilizer <strong>and</strong> barrier properties.<br />
Other important properties such as metal deactivators, anti-blocking agent, flame deterrence, ultraviolet<br />
stabilizer, oxygen scavenger, <strong>and</strong> erosion resistance are also contributing to rising dem<strong>and</strong> of<br />
additive masterbatch. With recent advancements in the plastic packaging sector are expected to<br />
propel growth of market over the forecast period.<br />
<strong>Masterbatch</strong> is an important variant in end-user industries including packaging sector, construction<br />
sector, consumer goods market, automobile, <strong>and</strong> crop harvesting. Rising adoption of the<br />
masterbatch is directly related to its functional properties like smoother surface finish <strong>and</strong> desired<br />
hardness. Rising preference towards packaged goods by consumers is predicted to affect the need<br />
for different plastic products. In such cases, adoption of masterbatches to enhance overall surface<br />
appearance of the plastic component has become vital. Such factors are tremendously contributing<br />
to the growth of masterbatch market dem<strong>and</strong> in recent years.<br />
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There has been a substantial growth in packaging sector across the globe on the account of increase<br />
in e-commerce business. Numerous organizations are now focusing on product appeal <strong>and</strong><br />
packaging to draw potential customers <strong>and</strong> to gain maximum profit for their products. Adoption of<br />
masterbatches alongside makes an attractive packaging is considered as one of the key factors for<br />
the expansion of the market.<br />
Rise in the popularity of different variants of polyethylene including high density polyethylene, lowdensity<br />
polyethylene, <strong>and</strong> linear polyethylene, has accounted for increase in the adoption of<br />
polyethylene as a carrier polymer in various end-user industry segments. Polyethylene products<br />
allows of different shades formation during packaging that leads to easy product differentiation,
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