The global additive masterbatch market is segmented into its type, carrier resin, end-use industry, and regions. On the basis of the type, the additive masterbatch market is categorized into antimicrobial, flame retardant, antioxidant, and others.
Sarasota, FL -- (SBWIRE) -- 06/09/2017 -- Zion Market Research, the market research group announced the analysis report titled "Additive Masterbatch Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Additive Masterbatch Market: Overview
In order to color plastics or impart other properties to the plastic, the masterbatch is used which is a solid or liquid additive. The additive masterbatch is a concentrated mixture of additives or dyes that are condensed into a carrier resin during the heating process, which is cooled and is given respective shape. During the plastic manufacturing process, masterbatch allows to color the raw polymer economically. The additive masterbatch is a new advanced and durable innovation in the market. The additive masterbatch enhances the properties of plastic such as water resistance, chemical resistance, and scratch resistance. The plastic industry is growing and is in huge demand hence the demand for additive masterbatch is also growing.
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Global Additive Masterbatch Market: Segmentation
The global additive masterbatch market is segmented into its type, carrier resin, end-use industry, and regions. On the basis of the type, the additive masterbatch market is categorized into antimicrobial, flame retardant, antioxidant, and others. The market segregated on the basis of carrier resin includes polyethylene, polystyrene, polypropylene and others. Based on the end-use industry, the global additive masterbatch market is segmented into automotive, building and construction, packaging, consumer goods, agriculture, and others. The global additive masterbatch market is geographically diversified into Europe, North America, Asia-Pacific, South America, and the Middle East and Africa.
Global Additive Masterbatch Market: Growth Factors
The recent rise in demand for advanced and durable products is driving the demand for the additive masterbatch. The increasing use of plastics in heavy and light packaging is gaining the demand for the additive masterbatch. The end-use industries such as food, consumer goods packaging and pharmaceuticals are driving the market of the additive masterbatch. Other factors such as consumers demand for multipurpose and good looking (having appealing colors) plastic products are growing, thus contributing to the market growth. Various types of additive masterbatch such as antimicrobial masterbatch are in high demand in the market, thus influencing the market growth. The flame retardant additive masterbatch is used to prevent fire in different industries to delay the time of ignition.
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Global Additive Masterbatch Market: Regional Analysis
The largest market for the additive masterbatch is in the Asia Pacific region. The Asia Pacific region leads the market both in terms of volume and value. Rising utilization of plastics has led to the growth of manufacturing plants of plastic. In the coming years, this consumption of the plastics is not going to reduce hence the additive masterbatch market is going to grow significantly. Europe and North America have a major amount of masterbatch packaging companies. In the Asia-Pacific region, it is China having the majority of the masterbatch packaging companies.
Global Additive Masterbatch Market: Competitive Players
Some of the key market players operating in the additive masterbatch market include Plastika Kritis S.A., PolyOne Corporation, Plastiblends India Ltd., Tosaf Group, Polyplast Muller GmbH, DOW Corning Corporation, A. Schulman, Inc., Clariant AG, RTP Company, O'neil Color & Compounding, and Ampacet Corporation.
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Global Additive Masterbatch Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa