Regulatory and environmental policies are driving the demand for additive masterbatches by mandating sustainable and eco-friendly plastic solutions. These regulations ensure compliance with health, safety, and environmental standards, fostering the adoption of specialized masterbatches that enhance recyclability and reduce environmental impact.
Wilmington, Delaware , Sept. 05, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Additive Masterbatch Market by Carrier Resin (Polystyrene, Polyethylene, Polyvinyl Chloride, Polypropylene, Polyethylene Terephthalate and Others), Type (Antioxidant, Antimicrobial, Flame Retardants and Others), and Application (Building and Construction, Agriculture, Automotive, Packaging, Consumer Goods and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the additive masterbatch market was valued at $3.4 billion in 2023, and is estimated to reach $6.1 billion by 2033, growing at a CAGR of 6% from 2024 to 2033.
Prime determinants of growth
The global additive masterbatch market is experiencing growth due to increase in demand for plastic products across various industries, such as packaging, automotive, construction, and consumer goods. However, volatility in raw material prices hinders market growth to some extent. Moreover, the growing emphasis on sustainable and green materials opens avenues for the development of innovative, eco-friendly masterbatch present additional opportunities for the additive masterbatch market.
Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A11809
Report coverage and details:
| Report Coverage | Details |
| Forecast Period | 2024–2033 |
| Base Year | 2023 |
| Market Size in 2023 | $3.4 billion |
| Market Size in 2033 | $6.1 billion |
| CAGR | 6.0% |
| No. of Pages in Report | 300 |
| Segments Covered | Carrier Resin, Type, Application and Region. |
| Drivers | Technological advancements and innovation Increasing demand for plastic products Regulatory and environmental policies |
| Opportunity | Eco-friendly and sustainable masterbatch solutions |
| Restraint | Fluctuating raw material prices |
Polyethylene segment is projected to maintain its dominance by 2033
By carrier resin, the polyethylene segment held the highest market share in 2023 and is likely to retain its dominance throughout the forecast period. The increasing demand for polyethylene in the additive masterbatch market can be attributed to several factors. The versatility of polyethylene as a base material allows for the incorporation of various additives such as UV stabilizers, anti-oxidants, and colorants to enhance its performance characteristics. Secondly, the rise in demand for plastic products across industries like packaging, construction, and automotive necessitates the use of polyethylene-based masterbatches to impart desired properties. Additionally, the cost-effectiveness and ease of processing of polyethylene further contribute to its popularity in the additive masterbatch market.
Antioxidant segment is expected to maintain its dominance by 2033
By type, the antioxidant segment held the highest market share in 2023 and is estimated to dominate during the forecast period. The increase in demand for antioxidant-type additive masterbatch is driven by several factors. Firstly, there is a growing need to protect these materials from degradation caused by exposure to heat, oxygen, and other environmental factors, as industries rely majorly on polymers for manufacturing. In addition, manufacturers are seeking solutions to enhance the longevity and performance of their products, with increased awareness of the detrimental effects of oxidation on the properties of plastics. Furthermore, stringent regulations regarding product durability and sustainability are surging the adoption of antioxidant additives to ensure compliance and longevity in various applications.
Procure Complete Report (300 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/additive-masterbatch-market
Packaging segment is expected to maintain its dominance by 2033
By application, the packaging segment held the highest market share in 2023 and is estimated to dominate the market during the forecast period. The increase in demand for packaging applications in the additive masterbatch market is driven by factors such as the rising need for enhanced shelf life and aesthetic appeal of products, growing consumer demand for lightweight and durable packaging materials, and the shift towards sustainable and recyclable packaging solutions. In addition, the developing e-commerce industry and evolving food and beverage sector require advanced packaging solutions to ensure product safety and integrity. These factors collectively boost the demand for additive masterbatches, which enhance the functional and visual properties of packaging materials.
Asia-Pacific is expected to experience the fastest growth throughout the forecast period
By region, Asia-Pacific was the fastest-growing region in terms of revenue in 2023. The Asia-Pacific additive masterbatch market is experiencing increase in demand due to rapid industrialization and urbanization, particularly in China and India, which boosts the consumption of plastics in packaging, automotive, and construction sectors. In addition, the region’s growing middle class and rising disposable incomes drive demand for consumer goods and electronics, necessitating advanced plastic materials. Moreover, stringent environmental regulations and a push towards sustainable and eco-friendly products are encouraging the use of specialized masterbatches to enhance the performance and recyclability of plastics, further propelling the market growth.
Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/additive-masterbatch-market/purchase-options
Leading Market Players: –
- LyondellBasell Industries Holdings B.V.
The report provides a detailed analysis of these key players in the global additive masterbatch market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Blog: https://www.newsguards.com/
Follow Us on | Facebook | LinkedIn | YouTube |
Legal Disclaimer:
EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Originally published at https://www.einpresswire.com/article/741038159/additive-masterbatch-market-to-reach-6-1-billion-globally-by-2033-at-6-cagr-allied-market-research
