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Additive Masterbatch Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032

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Additive Masterbatch Market Size

Additive masterbatch market size is projected to record significant growth during the forecast period of 2024-2032 owing to the rising demand for high-performance plastics across a wide range of end-user sectors, including consumer goods, construction & building, automotive, packaging, and others.
 

Additive masterbatches are widely used in the manufacturing of packaging films that are in line with industrial requirements and prescribed packaging standards. The packaging sector is expanding at a notable pace due to the growing usage in prominent sectors, including food.
 

The requirement for efficient packaging materials is increasing across the globe as well, thereby boosting the possibility of new product launches. For example, in November 2022, Bobst unveiled the Generation 3.0 oneBarrier PrimeCycle solutions to promote the concept of sustainable packaging. Such developments are expected to enhance the additive masterbatch industry forecast over the coming years.
 

Additive Masterbatch Market Trends

The trend of urbanization has picked up pace, leading to a robust increase in the production of various construction and building materials, including additive masterbatches. As per estimates by the UK Office for National Statistics (ONS), in October 2022, the nation’s total construction output was 4.8% above the pre-COVID-19 pandemic level figures recorded in February 2020.
 

Various governments are laying down stringent regulations and laws to decrease plastic waste and advance efforts towards recycling and reusing plastic products. For instance, in February 2022, India’s Ministry of Environment, Forest and Climate Change announced new rules regarding the management of single-use plastics. This included mandates for importers, producers, and brands to recycle up to 50% of plastic products utilized or manufactured by them over a three-year period, further improving the adoption of materials such as additive masterbatches.
 

Additive Masterbatch Market Analysis

Based on application, global additive masterbatch industry value from the electrical & electronics segment is anticipated to record a considerable increase by 2032. Plastics are among the most important components used to manufacture a vast range of electronic & electrical products. End-users across the sector are demanding lightweight, aesthetically pleasing, and strong packaging materials for electrical and electronic items, thereby influencing industry dynamics.
 

In terms of type, white masterbatches segment is expected to account for a major industry share through 2032. White masterbatches are generally used in applications such as protective films, lamination, molding, coating, and many others. Some of the advantages of using white masterbatches include the ability to maintain the chemical stability of pigments, easy operability, eco-friendliness, ease in consolidation, high suitability for food items, and robust dispersion. Novel product launches are also likely to fuel the product usage.
 

North America additive masterbatch market is estimated to witness a robust increase in its revenue by 2032 as plastics are being increasingly used in many end-user industries including packaging and construction. According to the Construction Association, the U.S. construction sector creates structures worth nearly $1.4 trillion every year. The rapid expansion of the construction sector will thus augment the usage of additive masterbatches across the North American region.
 

Additive Masterbatch Market Share 

Leading companies operating in the additive masterbatch industry include:

  • DOW Corning Corporation (Dow, Dow Global Technologies Inc, Dow Holdings LLC)
  • O'neil Color & Compounding (Primex Plastics Corporation)
  • Clariant AG
  • Ampacet Corporation
  • Tosaf Group (Ravago S.A., Megides Holdings Ltd)

These companies are working on improving industry stake through strategic innovations, partnerships, collaborations, and product launches.
 

Additive Masterbatch Industry News

  • In September 2022, Israeli firm Tosaf created a new series of white masterbatches, to act as an alternative to the traditional products that consist of titanium dioxide and make them safe for human use.

 

Authors: Kiran Pulidindi,
Additive Masterbatch Market Scope
  • Additive Masterbatch Market Size
  • Additive Masterbatch Market Trends
  • Additive Masterbatch Market Analysis
  • Additive Masterbatch Market Share
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