Report Code: A10475 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
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Request Now !A masterbatch is a highly concentrated mixture of pigments and additives, which is primarily used for coloring plastics and also to impart superior properties into plastic. The masterbatches are encapsulated into a carrier resin in a heating process, followed by cooling and cutting them into granular shapes. Masterbatches are extensively used for producing polymers, as they exhibit UV stabilizing, flame retardation, and antistatic properties. They have extensive applications in different end-user industries, including packaging, construction, automotive, aerospace, and consumer goods.
COVID-19 scenario analysis:
However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
The major factor that drives the growth of the solid masterbatch market is the continuous need for high performance materials in the major end user industries especially the packaging and construction industries. the demand for plastic materials Having better qualities end appearance is expected to increase the demand for solid masterbatches in the market. In the construction sector plastics and masterbatches are used extensively in making pipes, doors on windows, insulating materials and others. Moreover, properties such as better color consistency, color distribution add good dispersion of colors also add to the growing popularity of masterbatch in the consumer goods sector. Application of solid masterbatches in engineering plastics, polypropylene and others that are used in several industries such as automotive, aerospace, electrical and electronics and others have also increased its demand in the market. However, the fluctuating prices of the raw materials might act as a restraining factor for the solid masterbatch market.
The market in the Asia Pacific region holds the largest share of the global solid masterbatch market due to the rapid growth in the packaging industry. The growing demand for safe and contamination free packaging has also acted as a key factor funding growth of the market in Europe as well. The market in the North America region is expected to witness a steady growth with high demand for high performance plastics in the major automotive industries of the region.
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Solid Masterbatch Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Marval industries Inc., BASF SE, Clariant AG, POLYONE Corp., FERRO-PLAST S.r.l., Cabot Corp., Uniform Color Co, Techmer, A. Schulman, Ampacet Corp. |
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