MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Global Masterbatch Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Global Masterbatch Market: 2024-2030
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.
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Global Masterbatch Market Driver:
Replacement of Metals with Plastics in Automotive Applications Driving Market Growth – Owing to the increase in demand for lightweight materials in the automotive sector, the demand for masterbatches has seen an immense increment. Over the years, the applications of plastics have increased in the automotive sector. The varieties of plastic, as well as the number of applications that the plastic industry serves in the automotive sector, have increased. Currently, plastic provides most of the interior automotive, along with the sealing of external parts of the automotive. Increased capabilities include dust resistance, water resistance, UV resistance, corrosion resistance, better structural integrity, and coloring capabilities.
In some cases, the automotive industry also uses plastic to customize its products as per the customers’ requirements. For instance, customized masterbatches are used in the automotive industry in interior trim, exterior trim, upholstery, and under the hood. With the help of additives, plastics can also have antistatic properties and abrasion-led degradation resistance.
In recent years, 54 leading countries have sold around 86 million vehicles using masterbatch plastics. In 2021, worldwide sales of vehicles using masterbatches were 100 million. The automotive industry is projected to be driven by China and India, with increasing demand for vehicles using plastic, and new vehicle registration is projected to surpass 100 million units globally in the coming years.
Global Masterbatch Market Segmentation:
The Global Masterbatch Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Type
-Color Masterbatch- Market Size & Forecast 2019-2030, (Thousand Tons)
-Standard Color- Market Size & Forecast 2019-2030, (Thousand Tons)
-Speciality Color- Market Size & Forecast 2019-2030, (Thousand Tons)
-Tailor-made Color- Market Size & Forecast 2019-2030, (Thousand Tons)
-Additive Masterbatch- Market Size & Forecast 2019-2030, (Thousand Tons)
-Antimicrobial Additive- Market Size & Forecast 2019-2030, (Thousand Tons)
-Antioxidant Additive- Market Size & Forecast 2019-2030, (Thousand Tons)
-Flame Retardant- Market Size & Forecast 2019-2030, (Thousand Tons)
-UV Stabilizer- Market Size & Forecast 2019-2030, (Thousand Tons)
-Foaming/Blowing Agent- Market Size & Forecast 2019-2030, (Thousand Tons)
-Optical Brightener- Market Size & Forecast 2019-2030, (Thousand Tons)
-Nucleating Agent- Market Size & Forecast 2019-2030, (Thousand Tons)
-White Masterbatch- Market Size & Forecast 2019-2030, (Thousand Tons)
-Black Masterbatch- Market Size & Forecast 2019-2030, (Thousand Tons)
By Polymer
-Polypropylene- Market Size & Forecast 2019-2030, (Thousand Tons)
-Low-Density Polyethylene and Linear Low-Density Polyethylene- Market Size & Forecast 2019-2030, (Thousand Tons)
-High- Density Polyethylene- Market Size & Forecast 2019-2030, (Thousand Tons)
-Polyvinyl Chloride- Market Size & Forecast 2019-2030, (Thousand Tons)
-Polyurethane- Market Size & Forecast 2019-2030, (Thousand Tons)
-Polyethylene Terephthalate- Market Size & Forecast 2019-2030, (Thousand Tons)
-Polystyrene- Market Size & Forecast 2019-2030, (Thousand Tons)
-Others (Polycarbonate, Polyamide, etc.)- Market Size & Forecast 2019-2030, (Thousand Tons)
By Application
-Packaging- Market Size & Forecast 2019-2030, (Thousand Tons)
-Building and Construction- Market Size & Forecast 2019-2030, (Thousand Tons)
-Consumer Goods- Market Size & Forecast 2019-2030, (Thousand Tons)
-Automotive- Market Size & Forecast 2019-2030, (Thousand Tons)
-Textile- Market Size & Forecast 2019-2030, (Thousand Tons)
-Agriculture- Market Size & Forecast 2019-2030, (Thousand Tons)
-Others (Retail, Healthcare, etc.)- Market Size & Forecast 2019-2030, (Thousand Tons).
Geographical Analysis into the Global Masterbatch Market:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape and Global Masterbatch Market Share Analysis:
The competitive landscape of the Global Masterbatch Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
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 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.
Questions Addressed in this Study
- What factors are driving the Global Masterbatch Market growth?
- How is the Global Masterbatch Market expected to grow over the next five years?
- What are the key insights into the current trends in the Global Masterbatch Market?
- What is the current size of the Global Masterbatch Market, and how is it projected to change in the future?
- What is the future outlook for the Global Masterbatch Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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