Additive Master Batch Market accounted for US$ 2.87 billion in 2020 and is estimated to be US$ 5.17 billion by 2030 and is anticipated to register a CAGR of 6.1%. Master Batch is a solid or liquid additive that are used for coloring plastic or imparting other properties to plastic. These master batch are encapsulated during a heat process into a carrier resin after that cooled and cut into granular shape. Master Batch is used in the manufacturing of packaging standard specifications and industrial requirements. Master Batch allows the process to color raw polymer economically during the plastics manufacturing process. Additive Master Batch is a new advanced innovation in the market, it improves plastic properties such as chemical resistance, water resistance, and scratch resistance.
The report " Global Additive Master Batch Market, By Type (White Master Batch, Black Master Batch, Color Master Batch, and Additive Master Batch), By Application (Plastic Industry, and Building & Construction Industry), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:
· In 12 January 2021, DataLase launched functional Master Batch additive for plastics integration. It is suitable for a wide range of plastics, including home and personal care, pharmaceutical, electronic, medical, automotive, agricultural and industrial extruded products.
· In May 2016, Ampacet Corporation launched Paper 2.0 additive Master Batch which offers visual and tactile appeal to paper and also adds strength and moisture barrier properties.
· Dow Corning Corporation launched a new product Dow Corning MB25-035 Master Batch in April 2016. This is an advanced silicone-based slip additive used for packaging film.
· A. Schulman Inc. proposed to add Master Batch production capacity of its production site in Givet, France in March 2016. This expansion is anticipated to boost the company’s production for additive and black and white Master Batch in Europe.
Analyst View:
Rapid urbanization, changing call for consumer lifestyle, escalating health awareness between different categories of consumers, economic and geographic trends, and the development of material and packaging technology are primarily driving the growth of the market. Additive Master Batch has enhanced the properties of plastic, also the properties of scratch resistance, chemical resistance, and water resistance. The increasing demand for plastic durability is driving the additive market growth. The flame retardant additive Master Batch is significant for avoidance of fire in industries. The growing demand of plastic materials in pharmaceutical, food and beverage, consumer goods, and other industry increasing the market of additive Master Batch market.
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Key Market Insights from the report:
Global Additive Master Batch Market accounted for US$ 2.87 billion in 2020 and is estimated to be US$ 5.17 billion by 2030 and is anticipated to register a CAGR of 6.1%.The Global Additive Master Batch Market is segmented by Type, Application, and Region.
· By Type, Global Additive Master Batch Market is segmented into White Master Batch, Black Master Batch, Color Master Batch, and Additive Master Batch
· By Application, Global Additive Master Batch Market is segmented into Plastic Industry, and Building & Construction Industry.
· By Region, Global Additive Master Batch Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape:
Key players in the global additive Master Batch market include, Clariant AG, A. Schulman, Inc., PolyOne Corporation, Plastika Kritis S.A., and Plastiblends India Ltd., Plastika Kritis S.A , DOW Corning Corporation, Polyplast Muller GmbH, RTP Company, and Ampacet Corporation.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
