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Global Solid Masterbatches Market Insight2022-02-17 Comments
Global solid masterbatches are forecast to 6.51% over the next five years. According to the WK-chem Research, “Global Solid Masterbatches Professional Survey Report 2022, Forecast to 2027”, the increasing application of plastic over metals in the automotive industry is fueling market growth.. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 6.51% base on WK-chem Research regression analysis model.
“The constant demand for high-performance materials in the key end-user sectors, particularly the packaging and construction industries, is a major factor driving the growth of the Solid Masterbatches Market. Polymeric materials are in high demand The need for solid masterbatches in the industry is likely to rise as end-product quality improves”, said Ann Evans, Senior analyst, in WK-chem Research.
Properties such as better color consistency, color distribution, and color dispersion contribute to masterbatch’s expanding popularity in consumer products. Solid masterbatches are utilized in engineering plastics, polypropylene, and other materials that are used in a variety of sectors, including automotive, aerospace, electrical and electronics, and others. In addition, the increasing use of plastic over metal in the automobile industry is driving the Solid Masterbatches Market forward. The rising use of polyvinylchloride and chlorinated polyvinylchloride in various applications is driving the market growth.
However, the fluctuating prices of the raw materials may act as a restraining factor for the Solid Masterbatches Market. Additionally, stringent environmental laws relating to the non-biodegradability of plastics, as well as product price volatility, are anticipated to serve as market restraints for the Solid Masterbatches Market.
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solid masterbatches companies that include: Clariant AG, Ampacet Corporation, A. Schulman, Inc., Polyone Corporation, Cabot Corporation, Plastika Kritis S.A., Plastiblends India, Hubron International, Tosaf Group.
Segmentation of Solid Masterbatches Market:
According to the type, the market for solid masterbatches is divided into: Color, White, Black, Additive. The white has the largest market share. Because white imparts opacity and is also used as a base color in the packaging sector, it is predicted to have the largest market share.
According to the application, the market for solid masterbatches is divided into: Packaging, Consumer Products, Building and Construction. The automotive has the largest market share. The automotive and packaging sectors have a significantly higher demand for these solid masterbatches, which is projected to continue owing to continued technological advancements in these industries.
Solid Masterbatches Market: Regional Analysis
In terms of geography, the global solid masterbatches market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Owing to the continuous expansion of the packaging industry, the Asia Pacific region holds the largest share of the worldwide Solid Masterbatches Market. With the increasing demand for high-performance plastics in the region’s key automotive sectors, the market in North America is expected to grow steadily.
Largest share area：Asia Pacific
Largest share country：China
Product Type：Color, White, Black, Additive.
Application：Packaging, Consumer Products, Building and Construction.
Leading Company：Clariant AG, Ampacet Corporation, A. Schulman, Inc., Polyone Corporation, Cabot Corporation,