HOME › Press Releases › Additive Masterbatch Market worth 3.40 Billion USD by 2021
Additive Masterbatch Market worth 3.40 Billion USD by 2021
The report "Additive Masterbatch Market by Type (Antimicrobial, Antioxidant, Flame Retardants), Carrier Resin (PE, PP, PS), and End-use Industry (Packaging, Building & Construction, Consumer Goods, Automotive, Agriculture) - Global Trends & Forecasts to 2021", The market size of additive masterbatch is projected to reach USD 3.40 Billion by 2021, registering a CAGR of 6.0% between 2016 and 2021. Growth of the additive masterbatch market is triggered by rising demand from the packaging and automotive segments. It is widely used for industrial and household purposes, as well as for automotive bumpers, insulation panels, car bodies, and other applications.
Browse 84 market data Tables and 43 Figures spread through 151 Pages and in-depth TOC on "Additive Masterbatch Market by Type (Antimicrobial, Antioxidant, Flame Retardants), Carrier Resin (PE, PP, PS), and End-use Industry (Packaging, Building & Construction, Consumer Goods, Automotive, Agriculture) - Global Trends & Forecasts to 2021"
Early buyers will receive 10% customization on reports.
“Antimicrobial is the fastest-growing type of additive masterbatch”
The additive masterbatch market is segmented into antimicrobial additive, antioxidant additive, flame-retardant, and other additives, based on type. Antimicrobial additive accounts for a major share of the additive masterbatch market as it is used to control microbes in plastic products. The packaging industry drives the demand for additive masterbatch owing to rapid urbanization, development of retail & e-commerce, and the growing cosmetics and healthcare sectors in emerging countries such as China, India, and Brazil.
“Polyethylene carrier resin to dominate the additive masterbatch market”
Polyethylene is the most preferred type of carrier resin because of its superior properties, such as low density, high toughness, and moisture resistance, in comparison to the other resins.. LDPE & LLDPE are extensively used in additive masterbatch as they have various applications, including plastic bags & sheets, plastic wraps, toys, lids, buckets & containers, pipes, and others.
“Asia-Pacific to be the largest market during the forecast period”
The additive masterbatch market is broadly segmented into five regions, namely, Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is the largest market of additive masterbatch, in terms of value and volume. The increased consumption of plastics in the region has led to the expansion of plastic manufacturing plants. The per capita consumption of plastics is estimated to rise significantly during the forecast period. The rising demand for plastics in food, pharmaceutical, and consumer goods packaging is driving the market for additive masterbatch. The consumers demand appealing color and functionality for plastic products. Thus, additive masterbatch is added to enhance the properties of plastics, including scratch resistance, water resistance, chemical resistance, and others.
Currently, the global additive masterbatch market is dominated by various market players, such as Clariant AG (Switzerland), A. Schulman, Inc. (U.S.), PolyOne Corporation (U.S.), Plastika Kritis S.A. (Greece), and Plastiblends India Ltd. (India), among others. The leading players mainly concentrate on new product launches to enhance their market reach and make innovative products available to a large number of customers.
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India