Masterbatch Market PPT: Demand, Trends and Business Opportunities 2023-28

Author: Elena Anderson Marketing Manager

Report DescriptionAbout IMARC Group

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Global Masterbatch Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Masterbatch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2 028

," the global masterbatch market size reached US$ 10.9 Billion in 2022.

A masterbatch (MB) is a plastic formulation containing additives that are utilized for improving the appearance and performance of the final product. It assists in protecting polymers from harmful radiations and improving other properties, which includes antistatic, antilocking, UV stabilizing and flame retardation.

The masterbatch is cost-effective and easy to use, owing to which it finds applications in the production of plastic products, which are utilized in the textile, packaging, electronics, automotive, construction and pharmaceutical industries worldwide.

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Global Masterbatch Market Trends:

Rapid urbanization, in confluence with the escalating demand for environment-friendly and innovative coloring agents, represents one of the major factors strengthening the market growth. Apart from this, there is a significant rise in the demand for masterbatch, which is emerging from the automotive sector. Automobile manufacturers nowadays are replacing heavy metal parts with lightweight plastic components that are fortified with masterbatches to obtain the desired colors and mechanical properties. Furthermore, the growing awareness about the advantageous properties of the product, which includes providing enhanced color consistency, opacity and dispersion rate, acts as another growth-inducing factor.

Other factors that are projected to fuel the market growth include the rising utilization of black masterbatch for infrastructural applications and the increrasing demand for bio-based plastic products, such as agricultural films.

Looking forward, IMARC Group expects the market to reach US$ 14.5 Billion by 2028, exhibiting at a CAGR of 4.8% during 2023-2028.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/masterbatch-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Type:

• Color

• White

• Black

• Additive

• Filler

Breakup by Polymer Type:

• PP

• LDPE/LLDPE

• HDPE

• PVC

• PUR

• PET

• PS

• Others

Breakup by Application:

• Packaging

• Building & Construction

• Consumer Goods

• Automotive

• Textile

• Agriculture

• Others

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

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Competitive Landscape with Key Players:

• A. Schulman Inc

• Americhem, Inc

• Ampacet Corporation

• Cabot Corporation

• Clariant AG

• Gabriel-Chemie GmbH

• Hubron (International) Ltd

• Penn Color, Inc

• Plastiblends India Ltd

• Plastika Kritis S.A

• PolyOne Corporation

• Polyplast Müller GmbH

• RTP Company, Inc

• Tosaf Compounds Ltd

1. What was the size of the global masterbatch market in 2022?

2. What is the expected growth rate of the global masterbatch market during 2023-2028?

3. What are the key factors driving the global masterbatch market?

4. What has been the impact of COVID-19 on the global masterbatch market?

5. What is the breakup of the global masterbatch market based on the type?

6. What is the breakup of the global masterbatch market based on the polymer type?

7. What is the breakup of the global masterbatch market based on the application?

8. What are the key regions in the global masterbatch market?

9. Who are the key players/companies in the global masterbatch market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/masterbatch-market/toc

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