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Masterbatch Market Size, Share, Insight

Global masterbatch market was worth USD 11.2 billion in 2020 and is projected to reach USD 15.7 billion by 2027, growing at a CAGR of 5.0% in the forecast period.

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Masterbatch Market Size, Share, Insight

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  1. Masterbatch Market, By Type, Trend Analysis, Competitive Market Share & Forecast, 2020-2027

  2. MasterbatchMarket size- Industry Trends & Forecast Report 2027 A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that global masterbatch market was worth USD 11.2 billion in 2020. It is estimated to grow at a CAGR of 5.0%, earning revenue of around USD 15.7 billion by the end of 2027. The global masterbatch market is gaining significant traction because of various driving factors, including the expanding construction and automobile industry, which consumes different types of masterbatches. The effective use of masterbatches for coloring raw polymers during the plastic manufacturing processes is also propelling the growth of the global masterbatches market. Plastics containing masterbatches are utilized in the production of important vehicle components, plastic packaging, consumer items, and so on.

  3. Growth Drivers  Shift from Metallic to Plastic Automobile Bodies As plastics replace metal in the manufacturing of automobile bodies, the global masterbatch market is experiencing significant growth. The increasing production and penetration of electric vehicles are also contributing to the growing demand for masterbatches. Plastics are frequently used for manufacturing various crucial automotive components such as airbags, seat belts, bumpers, dashboards, etc., as it is lightweight and thus consumes less energy or fuel. Thus, the growing automobile industry is significantly propelling the global masterbatch market, especially in emerging economies.

  4. Restraints  Growing Adoption of Sustainable and Environment-Friendly Materials Increasing awareness of environmental issues and sustainable development is expected to impact demand for masterbatch negatively. Several countries are imposing a complete ban on plastic manufacturing and its products to eradicate single-use plastics from their respective countries completely. Masterbatches are extremely harmful to the environment as they are used with recycled and non-biodegradable plastics. Consequently, the government is imposing stringent regulations regarding plastic use, which threatens the market's growth.

  5. Impact of COVID-19 in industry Global masterbatch sales have been greatly affected by the COVID-19 pandemic. Due to the huge increase in the number of COVID-19 cases beyond the control of the healthcare system, several countries imposed complete lockdowns that halted all economic activities. Due to this, the manufacturing and production activities were restricted, resulting in a complete decline in masterbatch demand, which resulted in severe market losses. However, it is expected that the market will recover in the post-COVID-19 period as end-user industries resume business activities.

  6. Regional Insight Geographically, the global masterbatch market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. A flourishing automotive industry and consumer goods manufacturing industry contributes to the dominance of the Asia-Pacific region in this market. Several emerging economies such as China and India are experiencing lucrative growth in the demand for low-cost polymers because of the increasing construction projects for infrastructural development activities. Moreover, the expansion of manufacturing and packaging in Asia-Pacific is also fueling masterbatch market growth.

  7. Competitive landscape The leading players in the global masterbatch market are Americhem Inc., A. Schulman Inc., Clariant AG, Ampacet Corporation, Cabot Corporation, Polyone Corporation (Group) Co., Ltd, PlastikaKritis S.A., GCR Group, Polyplast Mueller GmbH, Hubron International, Avient Corporation, Penn Color Inc., High Technology Masterbatches S.L., Dainichiseika Color & ChemicalS Mfg. Co., Ltd., CONSTAB, K.D. FEDDERSEN, Primex Color, Tosaf Compounds Ltd., Americhem, and other prominent players. Sample copy : https://www.blueweaveconsulting.com/report/global-masterbatch-market-bwc20212/report-sample

  8. About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

  9. Contact Us:  +1 866 658 6826 +1 425 320 4776 +44 1865 60 0662  info(@)blueweaveconsulting.com  www.blueweaveconsulting.com

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