Sustainable Masterbatch Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel
Sustainable Masterbatch Market Overview: 2021-26
Base Year: 2020
Historical Years: 2016-19
Forecast Years: 2021-26
The Sustainable Masterbatch Market is projected to grow at a CAGR of
around 9.5% during the forecast period, i.e., 2021-26. The growth of the market
is driven primarily by the alarming concerns associated with the rapidly
depleting environmental conditions & an escalating need to address these
issues caused by the excess use of non-bio-degradable elements like plastic,
i.e., instigating the demand for sustainable practices & products.
Markntel Advisor’s
Sustainable Masterbatch Market
Insights report provides the current and forecast market analysis, individual
leading companies' market shares, challenges, Sustainable Masterbatch Market
drivers, barriers, Sustainable Masterbatch Market Trends, and Key Players in Sustainable
Masterbatch Market.
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Sustainable Masterbatch Market Dynamics: 2021-26
Increasing
Adoption of Sustainable Masterbatch across the Automotive Sector: With the
rapidly expanding automotive industry & improving economic conditions &
purchasing power of people, vehicle sales are growing substantially worldwide.
As a result, the demand for lightweight vehicles and a critical need to address
the rapidly increasing environmental concerns is escalating significantly.
It, in turn, is infusing
the demand for sustainable masterbatch to replace metal with plastic while
manufacturing lightweight vehicles & their components, thereby driving the
Global Sustainable Masterbatch Market during 2021-26. Additionally, increasing
customer preferences toward visually appealing vehicles is another crucial
aspect instigating the application of sustainable masterbatch across the
automotive industry & augmenting the overall market growth through 2026.
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Sustainable Masterbatch Market (2021-26):
Segmentation Outlook
The market report
has segmented the market into the following categories:
·
By Product
o Polylactic Acid (PLA)
o Polybutylene adipate-co-terephthalate (PBAT)
o Polyethylene Terephthalate (PET)
o Starch Blends
o Polyethylene (PE)
o Others (PBS, PHB, PHA, PP, and Others)
According to
report, Of them all, Polyethylene acquired the largest share in the Global
Sustainable Masterbatch Market in recent years & shall prevail the same
trend over the forecast years.
·
By Application
o Packaging
o Medical
o Automotive
o Agriculture
o Others (3D Printing, Textiles, and Consumer Goods)
According to
report, Of them all, the Packaging sector is dominate the Global Sustainable
Masterbatch Market during 2021-26, principally due to the rapidly growing
packaging industry worldwide entwined with an escalating need for reusable
packaging of products in line with curbing the effects of plastic from the
environment.
·
By Region
o North America
o South America
o Europe
o Middle East & Africa
o Asia-Pacific
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you need that are not currently included in the report, we will be happy to
provide them as part of our customization
services.
Top Companies Operating in the Sustainable
Masterbatch Market:
- BASF SE
- Cabot Corporation
- Avient Corporation
- Ampacet Corporation
- Americhem, Inc.
- Silvergate Plastics
- GABRIEL-CHEMIE GmbH
- Tosaf Compounds Ltd.
- Rapid Colour Services Ltd
- Polyvel Inc.
- Sukano AG
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