Global Additive Masterbatch Market resonates strong opportunities for growth. It is likely to register a healthy CAGR over the assessment period 2017 to 2023. The additive masterbatch market is poised to witness an upsurge in demand owing to its extensive use in the coloring of raw polymer during the manufacturing process of plastics. It has also developed an application in enhancing the properties of base plastics such as antifouling, ultraviolet resistance, anti-static, flame retardant, etc.
Global Key Players and Competition Analysis
Some of the prominent players operating in the global additive masterbatch market are Clariant AG (Switzerland), A. Schulman, Inc. (U.S.), PolyOne Corporation (U.S.), Plastika Kritis S.A. (Greece), and Plastiblends India Ltd. (India), Plastika Kritis S.A (Turkey), DOW Corning Corporation (U.S.), Polyplast Muller GmbH (Germany), RTP Company (U.S.), and Ampacet Corporation (U.S.).
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The global additive masterbatch market is segmented into type, carrier resin, and end user industry. Based on the type, the market is segmented into antimicrobial additive masterbatch, flame retardant additive masterbatch, anti-oxidant additive masterbatch, and others. Based on the carrier resin, the global market is segregated into polyethylene (PE), polypropylene (PP), polystyrene, polyvinyl chloride (PVC), polyethylene terephthalate (PET), and others.
Europe is a lucrative market mainly driven by the developed packaging, consumer goods, and automobile sector. The European Additive Masterbatch Market is anticipated to grow at a considerable CAGR of over 6% during the given period 2017-2023. Moreover, the growing use of additive masterbatch in the greenhouse plastic films is expected to push the growth of the market in the region further.
Europe is a lucrative market mainly driven by the developed packaging, consumer goods, and automobile sector. The European additive masterbatch market is anticipated to grow at a considerable CAGR of over 6% during the given period 2017-2023. Moreover, the growing use of additive masterbatch in the greenhouse plastic films is expected to push the growth of the market in the region further.
Browse the market data and information spread across 137 pages with 48 data tables and 13 figures of the report “Additive Masterbatch Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/additive-masterbatch-market-5567
In October 2018, PolyOne Corporation, a global provider of specialized polymer materials and services, received Biocidal Product Regulation (BPR) in Europe for its OnCap Aversive masterbatch additives.
In September 2018, a provider of additive masterbatches for flexible and rigid packaging, Ampacet, developed carbon black-free masterbatch solutions to be used for near-infrared (NIR) sorting applications.
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