Additive Masterbatch Market Size Forecast to Reach US$3.6 Billion by 2026

Additive Masterbatch Market Size Forecast to Reach US$3.6 Billion by 2026

“Additive Masterbatch Market”
Rising Need for Anti-Scratch Products With the Growing Demand for High-End Consumers Demand Damage-Free Surfaces, Such As Consumer Goods and Mobile Devices, Will Drive the Additive Masterbatch Market Growth.

Additive Masterbatch Market size is forecast to reach US$3.6 billion by 2026, after growing at a CAGR of 6.3% during 2021-2026. Due to the positive demand for plastics with additional properties during packaging processes, the market size of additive masterbatch is expected to rise at an upward pace in the forecast period. Increasing demand for carrier resins such as polyethylene, polyethylene terephthalate, and ethylene vinyl alcohol owing to its water, chemical, scratch, and UV resistance characteristics, in the production of additive masterbatch, would further drive the market growth. Additionally, the growing industrialization and urbanization in emerging economies, coupled with the changing trend of using plastics rather than metals due to their high prices, is likely to fuel the additive masterbatch industry in the forecast timeframe.

Impact of Covid-19:

The tragedy of COVID-19, which is declared a pandemic by the World Health Organization, had a noticeable impact on global economic growth. In the year 2020, the additive masterbatch market was widely affected due to the COVID-19 pandemic where most of the industrial activities were at a halt. This, in turn, affected the demand and supply chain as well thereby limited the growth of the market over the year 2020.

Additive Masterbatch Market Segment Analysis –By Type

UV stabilizer segment held the largest share in the additive masterbatch market in the year 2020. UV stabilizer masterbatch increases the useful life of products that have been subjected to the detrimental effects of ultraviolet radiation from the sun or other sources. Increasing usage of UV inhibitors to protect the material by absorbing damaging wavelengths and/or interfering with the generation of free radicals in the polymer molecules when exposed to UV light is driving the market growth. In comparison to a typical stabilizer masterbatch, these proprietary mixtures of chemicals protect and enhance the polymer, resulting in a cleaner, brighter appearance. Thus, rising demand for UV stabilizers would drive the additive masterbatch market growth over the forecast period.

Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=500328

Report Price: $ 4500 (Single User License)

Additive Masterbatch Market Segment Analysis – Carrier Resin

Polyethylene segment held the largest share in the additive masterbatch market in the year 2020. Due to its superior features such as moisture resistance, low density, and high durability, the demand for polyethylene resin is expected to rise in the upcoming years. During the manufacture of plastic wraps, plastic sheets & bags, lids, toys, pipes, buckets and containers, and others, these additives are commonly used, inflating the size of the commodity market in the near future.UV rays can also be blocked by using polyethylene resin in additive masterbatches. Moreover, it can also be utilized to minimize the product’s weight and resin usage. Thus, owing to the above-mentioned properties the rising demand for polyethylene resins is anticipated to further drive the demand for additive masterbatches.

Additive Masterbatch Market Segment Analysis – Application

The packaging segment held the largest share in the additive masterbatch market in 2020 and is projected to grow at a CAGR of 5.9% during 2021-2026. Because of the changing lifestyle and the increased standard of living, the need for improved design, improved safety, and moisture resistance support the packaging industry. Due to the large usage of plastics in several industries, the packaging industry is expected to grow in the upcoming years. Furthermore, the low cost, imparts longevity, resistance to harsh chemicals, humidity, and corrosion, low thermal conductivity, properties of packaging materials with the usage of the additive masterbatches would further raise the market growth. With the surging trend in the packaging industry, the market for additive masterbatch is expected to propel the forecast period.

Additive Masterbatch Market Segment Analysis – Geography

Asia Pacific region dominated the additive masterbatch market share with more than 54.3% in the year 2020. Asia Pacific is expected to lead the additive masterbatch market due to the substantial rise in the building and construction, and healthcare industries. Also, with the rising automotive and packaging production, the demand for additive masterbatches is anticipated to rise over the forecast period. For instance, the packaging industry in India is largely driven to make their goods compact and portable by growing innovation in industries. According to the Packaging Industry Association of India, The India Packaging Market was worth US$ 50.5 billion in 2019 and is predicted to grow to US$ 204.81 billion by 2025, with a CAGR of 26.7% between 2020 and 2025. In the coming years, this heavy propulsion in packaging products is expected to raise the growth of the additive masterbatch industry.

Additive Masterbatch Market Drivers

Rising Demand For Antimicrobial Masterbatches

Antimicrobial masterbatches are used to prevent germs and fungi from growing on the surface of plastics and fabrics. Masterbatches can be used to add them to formulations in the same way that other ingredients are. High-performance antimicrobial masterbatch has been developed to combat the growing threat of bacteria to humans as they go about their daily activities. These microscopic, virtually imperceptible organisms are found all about us, commonly proliferating in wet areas such as kitchens, bathrooms, toilets, clothing, and hospital beds. Moreover rising investment in the healthcare industries will also drive the demand for antimicrobial masterbatches. For instance, according to India Brand Equity Foundation, the Indian market for medical tourism is rising at an annual rate of 18 % and is projected to cross US$ 9 billion by 2020. Australia spends more than $180.0 billion annually on its healthcare system, approximately 10.0 percent of GDP or $7,485 per capita. In the coming years, robust order for the antimicrobial masterbatches from the healthcare and various other end-use industries are projected to drive the market growth.

Rising Building and Construction Industry

In the building and construction industry, additive masterbatch plays an important role. The increasing usage of plastics in a variety of applications, including as pipes, cables, flooring, domes, roofing, windows & doors, storage tanks, hardware containers, insulation materials, and others is likely to drive up demand for additive masterbatch. Plastics are utilized in the construction and building sector for a variety of reasons, including durability, cost-effectiveness, recycling, safety, lightweight, ease of installation, and corrosive resistance.Increasing usage of carrier reins such as polystyrene (PS), polycarbonate (PC), polyethylene (PE), polyethylene terephthalate, and ethylene vinyl alcohol in the fabrication of building and construction goods would also drive the market growth. Thus, increasing demand for additive masterbatch in the building and the construction industry would drive the growth of the market over the forecast period.

Additive Masterbatch Market Challenges

Stringent Regulations

However, strict regulations and rising knowledge of the minimum use of plastics can prove to be an obstacle to the growth of the market over the forecast period. The use of plastic goods that could serve as a restriction in the product market in the near future has been absolutely banned by both developed and developing countries. For instance, strict regulations as per the United States Food & Drug Administration (FDA) and the European Union made to restrict the use of additive masterbatches that can be incorporated into plastics food contact materials and articles are anticipated to restrict the market growth in the forecast period.

Additive Masterbatch Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the additive masterbatch market. Major players in the additive masterbatch market are PolyOne Corporation, Plastiblends India Ltd., Plastika Kritis S.A., Polyplast Muller GmbH, Tosaf Group, DOW Corning Corporation, RTP Company, Clariant AG, A. Schulman Inc., Ampacet Corporation, and O’neil Color & Compounding, among others.

Acquisitions/Product Launches:

In July 2020, PolyOne Corporation a leading global provider of specialist polymer materials, services, and sustainable solutions, completed the acquisition of Clariant Chemicals India Ltd’s colour and additive masterbatch business.

Key Takeaways

Asia-Pacific region dominated the additive masterbatch market owing to the rising automotive manufacturing facilities and the move of European automotive manufacturers to low-cost Asian markets.

Additive masterbatches are liquid or solid additives placed in plastic processes to provide additional characteristics such as color, anti-static, dark glow, laser marking, flame retardance, etc. In the near future, the low cost of the product and decent application of the additive during the plastic production process is expected to improve the market.

Rising need for anti-scratch products with the growing demand for high-end consumers demand damage-free surfaces, such as consumer goods and mobile devices, will drive the additive masterbatch market growth.

In the automotive industry, the replacement of metals with plastics would further drive the demand for additive masterbatches in the forecast period.

Relevant Reports

A. Masterbatch Market

https://www.industryarc.com/Report/15516/masterbatch-market.html

B. LATAM Masterbatch Market

https://www.industryarc.com/Report/18974/latam-masterbatch-market

For more Chemicals and Materials related reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: (+1) 970-236-3677
Address:Madhapur
City: Hyderabad
Country: India
Website: https://www.industryarc.com/