According to the recent study the global masterbatch market is projected to reach an estimated $14 billion by 2030 from $11 billion in 2023 at a CAGR of 3% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for light weight plastic as substitutes for various materials like metal, concrete, and steel in various end use industries.
Browse 124 figures/charts
and 98 tables in this 207-page report to understand trends, opportunities and
forecast in masterbatch market by end use (packaging, consumer goods,
electrical and electronics, transportation, fiber and textiles, building and
construction, and others), product type (color, white, black, additive, and
filler) resin carrier type (PE, PP, PS, PA, EVA, ABS, SAN, and PC), process
(film extrusion, blow molding, injection molding, pipe, conduit and tubing,
extrusion coating, sheet and thermoforming, wire and cable, rotational molding,
and other extrusion), and region (North America, Europe, and Asia Pacific &
ROW).
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masterbatch market.
Lucintel forecasts
packaging will remain the largest end use by value and volume due to increasing
consumption of packaged consumer goods. Fibers/textile is expected to witness
highest growth over the forecast period.
Color masterbatch is
expected to be the largest market by value and volume and it is also expected
to witness fastest growth over the forecast period because it’s used for
special effect and colors to distinguish products.
Asia Pacific (APAC) is
expected to remain the largest region by value and volume and it is also
expected to experience the highest growth over the forecast period due to
growth in end uses and increasing urbanization, rising construction and
infrastructure activities, changing consumer lifestyles, economic development, and
demand for plastic products especially in China and India.
Lyondell Basell, Cabot
Corporation, Polyone, Ampacet Corporation, Plasti Blends, Tosaf Group,
Polyplast, Podder Pigments, and Gabriel Chemic GmbH are the major supplier in
the masterbatch market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
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unmet needs analysis. We are based in
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years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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