Masterbatch Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Market Overview:
The Additive Masterbatch is widely used in the
end-user industries such as packaging, building & construction, agriculture,
and automobile among others. The global Additive Masterbatch market is spanned
across five regions of the world namely Asia Pacific, Middle East and Africa,
North America, and Latin America. Among these, Europe is anticipated to be the
largest market and Asia Pacific is expected to be the fastest market during the
forecast period. The developed end-user industries such as automobile and
packaging, coupled with the growing greenhouse cultivation has surged the use
of Additive Masterbatch in the European region. The major countries attributing
to this growth are Germany, Italy, France, and the U.K.
The Asia Pacific is the fastest growing market during the
forecast period owing to the growing urbanization and industrialization in the
developing countries of the region. The major countries attributing to this
growth are India and China. The developing automobile and construction sector
has augmented the demand for Additive Masterbatch in the region. According to
OICA, the Chinese car production grew by 14.5 % from 2015-2016 whereas the
Indian car production grew by 7.9%. The growing adoption of plastics in the
automobile industry is likely to propel the market growth over the forecast
period.
North America is another dominant region in the Additive Masterbatch
Market. The developed automobile and packaging sector coupled with the
growing adoption rate are the major factors contributing to the growth of the
market. Moreover, the growing investment in building and construction sector
with the change in the government in the region, especially in the U.S and
Canada, is pushing the market growth further. The U.S total value of
construction in January 2017 was USD 1.18 trillion, which recorded an increase
of over 2.5% than January 2016.
Competitive Analysis
Some of the prominent players operating in the global Additive
Masterbatch market are Clariant AG (Switzerland), A. Schulman, Inc. (U.S.),
PolyOne Corporation (U.S.), Plastika Kritis S.A. (Greece), and Plastiblends
India Ltd. (India), Plastika Kritis S.A (Turkey), DOW Corning Corporation
(U.S.), Polyplast Muller GmbH (Germany), RTP Company (U.S.), and Ampacet
Corporation (U.S.) among others.
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Segmentation
The global Additive Masterbatch market is segmented into type,
carrier resin, and end user industry. On the basis of the type, the market is
segmented into antimicrobial Additive Masterbatch, flame retardant Additive
Masterbatch, anti-oxidant Additive Masterbatch, and others. On the basis of the
carrier resin, the global market of Additive Masterbatch is segregated into
polyethylene (PE), polypropylene (PP), polystyrene, polyvinyl chloride (PVC),
polyethylene terephthalate (PET) and others. On the basis of the end-use
industries, the market is further bifurcated into packaging, automotive,
consumer goods, building & construction, agriculture, and others.
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