The global plastics additives and master batches market was valued at USD 46.9 billion in 2018 and is expected to reach USD 69.9 billion in 2026, growing at a CAGR of 5.2% during the forecast period.
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Company Profiles and Competitive Intelligence:
The major players operating in the global plastics additives and master batches market are Clariant AG (Switzerland), A. Schulman (US), Polyone Corporation (Japan), Tosaf Group (Israel), Penn Color, Inc. (US), Plastika Kritis S.A. (Greece), Plastiblends India Ltd (India), Ampacet Corporation (US), DOW Corning Corporation (US), and Polyplast Muller GmbH (Germany) among others.
Based on application, the packaging segment is expected to lead during the forecast period
Based on the application, the market has been segmented into packaging, automotive, consumer goods, building & construction, agriculture, and others. The packaging segment is expected to hold for around 28% of the total market, in 2018. This growth is attributed to the growing demand for packaging of personal care, household, building & construction, food & beverage, medical, and electrical & electronics applications. Furthermore, rapid industrialization, growing health awareness among consumers, changing consumer lifestyle, and development in packaging material & technology are major factors which drive the growth of plastic additive and master batches in packaging applications.
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The antimicrobial additive masterbatch segment expected to grow at the fastest rate of 6.5% CAGR during the forecast period
Based on type, the global plastics additives and master batches market has been segmented into antimicrobial additive masterbatch, antioxidant additive masterbatch, flame retardant additive masterbatch, and another additive masterbatch. Due to its excellent properties like high durability and high mixture capability, an antimicrobial additive masterbatch is the most widely used plastics additives and master batches across the end-use industries, globally. Moreover, an antimicrobial additive masterbatch is largely used to make plastic products with rigid, flexible, ionic, nonionic, hydrophobic, or hydrophilic properties. These plastic products are transparent, provide excellent finish gloss, improved adhesion to non-porous surfaces, have resistance to breakage, and good flow and stability. Due to these aforementioned factors, antimicrobial additive masterbatch segment is expected to grow at the fastest rate throughout the forecast period.
Plastics additives and master batches have a huge application in the construction industry. It is used in a variety of construction applications including pipes, cables, flooring, domes, roofing, windows & doors, storage tanks, hardware containers, insulation materials, and others. The plastics additives and master batches are used in the construction & building industry owing to its properties such as cost-effectiveness, safety, easy-to-install, corrosive resistance, durability, and recycling.
Plastics additives and master is an integrated compound of additives and pigments encapsulated in a heat process into a carrier resin which is cooled and cut into a granular shape. Plastics additives and master batches are used in various applications including in automotive, packaging, electronics, cables and consumer goods for performance enhancers or processing aids.
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