According to a market report by Lucintel, the future of the global PP masterbatch market looks promising with opportunities in the film and sheet, injection molding product, and fiber and textile markets. The global PP masterbatch market is expected to grow with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are increasing use of polypropylene in automotive applications, products made of plastic, especially those made of polypropylene, are highly sought after in a variety of industries, including consumer goods, packaging, automotive, and construction, and with the expansion of the e-commerce and retail industries and the growing need for innovative and ecologically responsible packaging solutions, masterbatch materials are becoming more and more important.
A more
than 150-page report to understand trends, opportunity and forecast in global PP
masterbatch market to 2030 by type (color masterbatch, white masterbatch, black
masterbatch, and additive masterbatch), application (packaging, automotive,
construction, consumer goods, textile PP, and others), end use (films and
sheets, injection molding products, fibers and textiles, and others), and
region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that, within the application category packaging will remain the
largest segment due to the packaging industry consumes a vast amount of
plastic, and pp is a widely used plastic due to its excellent properties like
rigidity, chemical resistance, and affordability.
Within the
end-use category, film and sheet will remain the largest segment due to film
and sheet production processes often demand cost-effective solutions, making PP
masterbatch a preferred choice due to its affordability and ability to achieve
desired color and functionality.
Download
sample by clicking on PP masterbatch
market.
In terms
of regions, APAC will remain the largest region due to increasing urbanization,
brisk building activity, and a huge and rising customer base underpinning the
region supremacy.
Qorvo,
Microchip Technology, Broadcom, Analog Devices, Infineon Technologies, Sumitomo
Electric Industries, Win Semiconductors are the major suppliers in the PP 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. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
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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