Global Masterbatch Market Size

1. Global Masterbatch Market Size, Share, Growth Analysis, By Type, By Carrier Polymer, By End-user - Industry Forecast 2023-2030 Global Masterbatch Market size was valued at USD 4554.74 million in 2021 and is poised to grow from USD 4855.35 million in 2022 to USD 8067.45 million by 2030, growing at a CAGR of 6.6% in the forecast period (2023-2030). The masterbatch market is expected to be driven by the increasing substitution of metal parts with plastic and the usefulness of the service life of plastic materials and plastic products. Also, the increased focus in the automotive industry on using plastic to reduce vehicle weight is expected to drive the market over the forecast period. Additionally, significant growth in automotive and construction activities is expected to improve the potential for engineering plastics, particularly in applications such as acoustic, composite plastic, lighting, skylights, and window glazing. Cheap product options from developing nations, particularly China, limit the market expansion. Although increased competition prohibits new players from entering, makers of inferior masterbatch may be able to overcome these obstacles.Because it contains stabilizers, coloring agents, and flame retardants, among other chemicals, the masterbatch used in recycled plastics today is harmful to the environment. Because recycled plastics are not biodegradable, they pose a difficulty for enterprises that manufacture plastic products. Also, various restrictions govern the use of plastics. For

2. example, Europe has already prohibited single-use plastics since recycling plastic causes waste and pollution. This will have an impact on how plastics are employed in high-growth applications such as packaging. Analysis by Type In terms of revenue, black masterbatch accounted for more than 25.0% of the total in 2021. The increased need for tyres, PVC containers, and other products used in the automotive and transportation, building and construction, agriculture, and packaging industries are driving up demand for black masterbatch. The rising demand for agricultural products such as drip irrigation tubing and tape, greenhouse films, shade cloth, and geomembranes is also expected to drive market expansion over the forecast period. Analysis by End-User Packaging masterbatch had the largest revenue share of more than 25.0% in 2021. Retail, industrial, and consumer packaging are all part of the packaging market, which also includes flexible and rigid choices. The growing need for packaging is being driven by an increase in the number of city dwellers who require packaged goods. Consumers require packaging that is convenient, sustainable, flexible, safe, and easily traceable. Because plastic packaging meets all of these requirements, its demand is likely to rise, resulting in increased demand for the product. The packaging sector has enormous growth potential in rising markets such as India and China. View more info: https://www.skyquestt.com/report/masterbatch-market Top Player’s Company Profiles •A. Schulman •Cabot Corporation •PolyOne Corporation •Plastika Kritis S.A. •Tosaf Group

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