Press release
Growing demand plastics bolsters the growth of the Additives Masterbatch market | Market Key Players are Plastika Kritis S.A, A. Schulman, Inc., PolyOne Corporation, Clariant AG and Plastiblends India Ltd
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 economically stain the raw polymer 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.
Global Additive Masterbatch Market Size:
The size of the Global Additive Masterbatch Market was valued at USD XX Billion in the year 2017 and this value predicted to hit USD XX Billion by the end of 2022 witnessing a CAGR of XX% during the forecast period from 2017-2022
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Global Additive Masterbatch Market Drivers and Restraints:
The additive masterbatch has improved the properties of plastic. The property of water resistance, the chemical residence of the scratch resistance, and other plastic features are improved by the additive masterbatch. The growing demand for sustainability of plastics is driving the growth of the additives market. The flame retardant additive masterbatch is important for fire prevention in the respective industries. During plastic processing, flame retardants are mixed to obtain an additive masterbatch that has flame retardant properties. The growing demand for plastics in the food, beverage, pharmaceutical, consumer goods and other industries is driving the market. The application of additive masterbatch can come in different forms: colored plastic bags, plastic toys, sheets, wrappers, pipe covers, etc.
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Global Additive Masterbatch Market By Type:
Filler Masterbatch
Additive Masterbatch
Color Masterbatch
Black Masterbatch
White Masterbatch
Global Additive Masterbatch Market by Industry Type:
Building & Construction Industry
Plastic Industry
Others
Global Additive Masterbatch Market Geographic Analysis:
The additive masterbatch is segmented into Region:
Europe
North America
Asia-Pacific
Latin America
Middle East and Africa
Asia-Pacific is a major shareholder in the additive masterbatch market due to the increased consumption of plastic in this region. The growing demand for plastics is driving the market of additive masterbatches in all the regions of the world. 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 Major Companies:
Some of the prominent players of the market include Plastika Kritis S.A, A. Schulman, Inc., PolyOne Corporation, Clariant AG and Plastiblends India Ltd. The other key players in the market are Tosaf Group, RTP Company, Polyplast Muller GmbH, O'neil Color & Compounding, DOW Corning Corporation, Ampacet Corporation.
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Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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