Middle East Masterbatch Market to Observe Extensive Growth Through 2026

According to MarkNtel Advisors, Middle East Masterbatch Market is likely to grow at a CAGR of XX% in the forecast period of 2021-26. The market growth primarily owes to the increasing plastic use as a replacement for metals across various applications. In addition, the high-performing, durable, and advanced materials are expected to surge the demand for masterbatches and make a positive contribution to the market growth in the coming years.

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Critical Questions Answered in the Study
1. What are the current and future trends in the Middle East Masterbatch Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across various countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Middle East Masterbatch Market?
5. What are the customer orientation, purchase behavior, and expectations from Masterbatch providers in the Middle East?

"Middle East Masterbatch Market Analysis, 2021-26" also cites that the growing construction sector and rapid urbanization across countries like Saudi Arabia & Qatar shall spike the demand for these masterbatches. Furthermore, the extensive adoption and utilization of masterbatches across numerous end-users are anticipated to build lucrative growth opportunities for leading market players in the forecast period.

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Additives to Attain the Fastest Market Growth in the Forecast Period

Based on the Product Type, the Middle East Masterbatch Market segments into Black, White, Colors, and Additives. Of them all, Additives are more likely to attain the fastest market growth in the forecast years, mainly due to their extensive application, coupled with their properties to offer better-finished products. These additives can restrain the growth of microorganisms and improve the hygiene of plastic products, thereby preventing thermal degradation at high temperatures.

Hence, their demand is exponential across the end-user industries like construction and building, agriculture, automotive, etc. Besides, using additive masterbatch across the automotive shall reduce plastic weight & increase the volume. Hence, with the wide use of additives in masterbatches, the market is likely to witness rapid growth in the forecast period.

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Roto Molding to Witness the Largest Market Share in the Forecast Period

Based on the Application, the Middle East Masterbatch Market segments into Film Extrusion, Injection Molding, Blow Molding, Roto Molding, and Others. Of them all, Roto Molding is expected to dominate the market with the largest share in the forecast period. It owes to the extensive rise of the transportation sector to develop highways, road furniture, etc.

Besides, the increasing need for rotation molding in waste management, underground septic tanks, & sanitation systems is further likely to propel the segment to generate significant revenue. Furthermore, government support & investments toward better infrastructure is another prominent factor likely to lead Roto Molding to attain the largest market share in the forecast period, reveals MarkNtel Advisors in their research report, "Middle East Masterbatch Market Analysis, 2021-26."

Key Market Competitors:

According to MarkNtel Advisors, the leading players in the Middle East Masterbatch Market are Clariant Masterbatches Ltd., Ingenia Polymers Co. Ltd., LyondellBasell, Ampacet Corporation, Cabot India Ltd., Alok Masterbatches Pvt Ltd, Poddar Pigments Limited, Plastiblends India Limited, Blend Colors Pvt. Ltd., Orbit Masterbatches Pvt. Ltd.

Market Segmentation:
1. By Product Type (Black, White, Colors, Additives)
2. By End User (Automotive, Packaging, Consumer Goods, Agriculture, Construction)
3. By Application (Film Extrusion, Injection Molding, Blow Molding, Roto Molding, Others)
4. By Country (UAE, Qatar, Kuwait, Oman, Turkey, Egypt, Jordan)
5. By Competitors (Clariant Masterbatches Ltd., Ingenia Polymers Co. Ltd., LyondellBasell, Ampacet Corporation, Cabot India Ltd., Alok Masterbatches Pvt Ltd, Poddar Pigments Limited, Plastiblends India Limited, Blend Colors Pvt. Ltd., Orbit Masterbatches Pvt. Ltd.)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.