Additive Masterbatch Market is Encouraged to Reach US$ 4.38 Billion by 2028 | Clariant International AG, A. Schulman, Inc. and more

Additive Masterbatch Market

The global additive masterbatch market was valued at US$ 3.6 billion in 2020 and is projected to grow at a CAGR of 6.8% during the forecast period (2021-2028). The increasing demand for plastics in various industries, coupled with the growing need for customized plastic products, is expected to drive the growth of the additive masterbatch market. Additive Masterbatch Market is estimated to be valued at US$ 4.38 Billion by the end of the forecast period.

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Additive masterbatch is a solid or liquid mixture of additives, pigments, and carriers that are used to improve the properties of plastic products. These masterbatches are added to the plastic material during the manufacturing process to impart specific qualities such as color, UV resistance, and antimicrobial properties. The global additive masterbatch market is experiencing significant growth, driven by the rising demand for plastics in various end-use industries.

The growing demand for plastic products in various end-use industries such as packaging, automotive, construction, and consumer goods is driving the growth of the additive masterbatch market. The use of additive masterbatch in these industries helps in enhancing the properties of plastics such as UV resistance, flame retardancy, anti-static, and anti-fogging, among others.

The growth of the additive masterbatch market is also facing some challenges, such as the fluctuating prices of raw materials used in the manufacturing of these masterbatches. The strict environmental regulations related to plastic waste disposal and the shift towards sustainable alternatives to plastics are also hindering the growth of the market. In addition, the COVID-19 pandemic has affected the supply chain and production of additive masterbatch, leading to a temporary slowdown in the market growth.

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Key Players- 

• Clariant International AG
• Schulman, Inc.
• Cabot Corporation
• Cromex S/A
• Ampacet Corporation
• Polyone Corporation
• Hubron International
• Polyplast Muller GmbH
• MARVAL INDUSTRIES, INC.
• GRAFE ADVANCED POLYMERS GMBH
• Kunststof-Kemi Skandinavia A/S
• Tosaf Group
• KRAIBURG TPE (Thermoplastic Elastomer Manufacturer)
• Others.

These companies are adopting various strategies such as mergers and acquisitions, partnerships, and collaborations to expand their market presence and product portfolio.

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Market forecast by Type

• In terms of volume, the flame retardant and UV stabilizer segments will witness significant growth opportunities in the global additive masterbatch market
• The flame retardant segment is projected to hold a dominant share throughout the forecast period (more than 35%). This segment will create total incremental $ opportunity of US$ 428.9 Mn between 2017 and 2027
• Flame retardant will also be the most attractive market segment by type

Market forecast by Application

• Packaging end use application segment will remain the dominant market throughout the forecast period, estimated to hold 46.6% value share by the end of 2025
• Growing demand for packaging in North America and Europe, owing to stringent government regulations over food products is the key factor driving segmental growth
• The packaging application segment is projected to create a total incremental $ opportunity of US$ 551.9 Mn between 2017 and 2027.

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