Masterbatch Market 2019 By Regional Trend & Growth Forecast To 2024

Global Market Insights, Inc. has launched a report on Masterbatch Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Masterbatch market would witness a significant gain in the upcoming years due to the advancements in the automotive industry. Innovation in the automotive industry has led to replacement of metal auto parts for plastic ones. This would drive the demand for polymers in automotive industry, promoting masterbatch market growth by the end of forecast period. Government investment proposals and stable policy outline for automobile manufacturers in Asia Pacific along with shifting customer preferences toward better living standards with increasing per capita income in the region will significantly impact market growth by 2024. Rising demand for biodegradable products could be another driver supporting this growth.

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Advances in the electronics industry will enhance the demand for masterbatches as it offers required aesthetic and performance characteristics to electronic devices. Rapid urbanization coupled with rising disposable income of consumers in developing countries would elevate the requirement for consumer goods which would further elevate the demand in the masterbatch market in the study period. But issues like expensive raw materials, strict government regulations and widening supply-demand gap could deter the masterbatch market progress in the forecast period.

Product analysis:

Product segmentation: The report claims that the Product landscape of the Masterbatch Market is subdivided into –

  • Black
  • White
  • Color
  • Additive

Important pointers encompassed pertaining to the Product spectrum:

  • Major details about the Product spectrum are provided in the report.
  • The study elaborates on the remuneration forecast of each of the Product categories by the end of the anticipated duration.
  • The market share which each of the Product segments account are mentioned in the study.
  • Also, the most proliferating trends that the Product spectrum is characterized by are also entailed.

White product type holds a significant share in the masterbatch market due to its wide usage in various applications. They are primarily composed of titanium dioxide (TiO2) and provide brilliant whiteness to plastic goods. It can resist extreme processing conditions, including sheet & film extrusion, blow/injection molding, preventing strong odor, die build up and heavy smoke that could be initiated by high processing temperatures.

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The major packaging applications of this product are laminations, coating, agriculture, protective films, thin wall packaging, fibers and non-woven, labels, bottles, injection molded articles, etc. This product segment is most likely to exhibit a growth rate of approximately 5% in the forecast period. Construction is an important end-user section owing to the product usage in plumbing systems such as pipes, valves, tanks; electrical systems such as switches, wires & cables; insulation materials, etc.

The product is an ideal fit for these applications as it offers various performance features like UV resistance, color fastness, mechanical stability, flame retardancy puncture and tear resistance. This sector would propel at a rate of more than 5% in the study period.

Regional analysis:

Regional segmentation: The report claims that the Regional landscape of the Masterbatch Market is subdivided into –

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Important pointers encompassed pertaining to the Regional spectrum:

  • The report encompasses major details about the Regional
  • The target valuation that each of the sub-segments of the Regional landscape will procure by the end of the anticipate period are mentioned in the report.
  • The market share that these sub-segments held are also entailed in the study.
  • The global trends that define the Regional landscape are discussed in the report.

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Latin America holds a significant share of the masterbatch market which made a revenue of more than USD 250 million in 2024. Increasing demand for the product from Brazil and Mexico would augment the masterbatch market development in the study period. Growing production of automotive parts and components in Latin America owing to local as well as international demand will positively influence the regional masterbatch demand over the coming years.

Major companies of the masterbatch market are A. Schulman, Inc., Plastiblends, DIC Corporation, Hubron International, Tosaf Group, Penn Color, etc.

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