Additive masterbatch market share forecast to witness considerable growth from 2019-2025

Additive masterbatch market share forecast to
witness considerable growth from 2019-2025:
Global Market Insights, Inc.
The additive masterbatch market is projected to be led by Asia Pacific owing to the
significant surge in its industrialization and population. Asia Pacific is the largest consumer
of plastics across the globe. With China producing over one-fourth of the global plastic
production, Asia Pacific is anticipated to generate the maximum product demand during the
forecast period.
Additive Masterbatch Market size is projected to grow at an ascending rate in the forecast
timespan owing to positive demand for plastics with additional properties during packaging
processes. Additive masterbatches are liquid or solid additive that are put in plastic
processes to impart additional features such as coloring, anti-static, glow in the dark, laser
marking, flame retardance, etc. The low product cost and decent application of the additive
during plastic manufacturing process is expected to bolster the market in the near future.
The product enhances the plastic properties to provides water, chemical, scratch and UV
resistance characteristics. The growing trends in the plastic industry will complement the
overall product market demand. For instance, the global plastic production surged heavily
from over 280 million tons in 2012 to over 345 million tons in 2017, with China registering
for over one-fourth of the global plastic production. This heavy propulsion for the
production of plastic globally is projected to augment the market size in the coming years.
Moreover, the escalating industrialization and urbanization in the emerging economies
coupled with the shifting trend for using plastics instead of metals due to its high prices will
likely fuel the additive masterbatch market revenue in the forecast timeframe.
However, stringent regulations and the growing awareness regarding the minimum use of
plastics may prove to become an obstacle in the growth of product industry size. Several
developed and developing countries have completely banned the use of plastic products,
that can act as a restraint in the product market in the near future. Although, strong
demand for the masterbatches from the food and beverage packaging industry is projected
to generate copious opportunities in the upcoming years.
Based on its types, the additive masterbatch market is segmented into flame retardant,
antimicrobial, antioxidant and few others such as anti-static, UV stabilizer, anti-block etc.
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Antimicrobial masterbatches prevent any type of microbic growth in the plastic articles. It
prevents the plastic from unpleasant odors, polymer degradation and discoloration.
Likewise, the flame retardant masterbatches aids the plastic to reduce the flame spread,
smoke & fume creation and heat release, that is expected to swell the product market size
in the coming years.
Additive Masterbatch Market Size, Industry Analysis Report, Regional Outlook,
Application Development Potential, Price Trends, Competitive Market Share & Forecast,
2019 – 2025
https://bit.ly/33wwCXb
According to carrier resin, the industry is classified into polyethylene (PE), polystyrene (PS),
polypropylene (PP), polyvinyl chloride (PVC), polyethylene terephthalate (PET) and few
others such as poly carbonate, polybutylene terephthalate etc. Polyethylene is estimated to
lead the additive masterbatch market share in the near future owing to its superior
characteristics such as moisture resistance, low density and high toughness. These additives
are widely used during the production of plastic wraps, plastic sheets & bags, lids, toys,
pipes, buckets and containers etc. swelling the product market size in the upcoming years.
Based on end-use industries, the market is categorized into building & construction,
packaging, agriculture, consumer goods, automotive and few others such as electrical &
electronics. Owing to the changing lifestyle and the upgraded standard of living, is bolstering
the packaging market for the need for improved design, enhanced protection and moisture
resistance. Packaging industry is expected to drive the market share in the coming years
owing to the major use of plastics in the industry. The plastics imparts durability, resistance
to harsh chemicals, moisture and corrosion, low thermal conductivity etc. in considerably
low cost. This surging trend in packaging industry is expected to swell the market in the
forecast span.
Additive masterbatch market is contributed by numerous key companies involved in the
trade i.e. PolyOne Corporation, Clariant AG, Plastiblends India Ltd., Plastika Kritis S.A.,
Polyplast Muller GmbH, Tosaf Group, DOW Corning Corporation, RTP Company, A. Schulman
Inc., Ampacet Corporation and O'neil Color & Compounding.
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