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Global Additive Masterbatch Market Size and Share Analysis to 2022, Key Players-PolyOne Corporation, Plastika Kritis S.A., Tosaf Group, Plastiblends India Ltd., DOW Corning Corporation, Polyplast Muller GmbH, Clariant AG, A. Schulman, Inc., O'neil Color &
Global Additive Masterbatch Market
Global Masterbatch is a solid or liquid additive for plastic used to color plastic or give it other properties. It is a concentrated mixture of dyes or additives condensed during the heating process in a carrier resin that is cooled and cut into a respective shape. Batches of materials allow the process to stain the raw polymer economically during the plastic manufacturing process. The additive masterbatch is a new advanced and sustainable innovation in the market. The growing demand for innovative products is driving the market for additive masterbatches.
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Global Additive Masterbatch Market - Drivers and Restraints:
The recent increase in demand for advanced and sustainable products is driving the demand for the additive masterbatch. The growing use of plastics in heavy and light containers is gaining demand for the additive masterbatch. End-use industries, such as food, packaging of consumer goods and pharmaceutical products, are the driving force of the additive masterbatch market. Other factors, such as consumer demand for versatile and attractive plastic products (with attractive colors) are increasing, contributing to market growth. Several types of additive masterbatches, such as antimicrobial mixtures, are in great demand in the market, which influences the growth of the market. The flame retardant additive masterbatch is used to prevent a fire in different industries in order to delay the ignition time. The use of plastic products in the region, such as the Middle East and Africa, attracts the additive masterbatches market. Countries like China and India are an emerging market for the additive masterbatch due to the growing manufacture of plastic products.
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Global Additive Masterbatch Market - Geographical Segmentation:
The largest market for the additive Global masterbatch is in the Asia-Pacific region. This region leads the market in volume and value. The growing use of plastics has led to the growth of plastics manufacturing plants. In the coming years, this consumption of plastics will not decrease, so the additive masterbatches market will grow significantly. Europe and North America have a large number of masterbatch packaging companies. In the Asia-Pacific region, China owns most of the masterbatch packaging companies.
List of Key Players in Global Additive Masterbatch Market:
PolyOne Corporation, Plastika Kritis S.A., Tosaf Group, Plastiblends India Ltd., DOW Corning Corporation, Polyplast Muller GmbH, Clariant AG, A. Schulman, Inc., O'neil Color & Compounding, RTP Company, and Ampacet Corporation are the major players of the market.
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