Lucintel Forecasts Masterbatch Market To Reach $12.0 Billion By 2026

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According to the recent study the masterbatch market is projected to reach an estimated $12.0 billion by 2026 from $8.3 billion in 2020, at a CAGR of 4.7% from 2021 to 2026. Growth in this market is primarily driven by increasing demand for light weight plastic as substitutes for various materials like metal, concrete, and steel in various end use industries.
Browse 129 figures / charts and 98 tables in this 212 -page report to understand trends, opportunities and forecast in masterbatch market by product type (color, white, black, additive, and filler), end use industry (packaging, consumer goods, electrical and electronics, transportation, fiber and textiles, building and construction, and others), resin carrier type (PE, PP, PS, PC, and Others), process (film extrusion, blow molding, injection molding, pipe, conducit and tubing, extrusion coating, sheet and thermoforming, wire and cable, rotational molding, and other extrusion), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Color market is expected to remain the largest segment during the forecast period.”
Based on product type, the masterbatch market is segmented into color, white, black, additive, and filler. Lucintel forecasts that the color is expected to witness the largest segment over the forecast period because it’s used for special effect and colors to distinguish products.
“Within the masterbatch market, the packaging segment is expected to remain the largest end use industry”
Based on end use industry the packaging segment is expected to witness the largest segment over the forecast period due to increasing consumption of packaged consumer goods.
“Asia Pacific will dominate the masterbatch market in near future”
Asia Pacific is expected to be the largest region and is also expected to experience the highest growth over the forecast period due to growth in end use industries. Increasing urbanization, rising construction and infrastructure activities, changing consumer lifestyles, economic development, and demand for plastic products especially in China and India are the major growth drivers.
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Major players of masterbatch market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. LyondellBasell, Cabot Corporation, PolyOne, Ampacet Corporation, PlastiBlends, Tosaf Group, Polyplast, Poddar Pigments, Gabrie-Chenie GmbH are among the major masterbatch providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/masterbatch-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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