Report ID: SQMIG15E2499
Additive Masterbatch Market Size, Share, Growth Analysis, By Carrier Resin(Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC)), By Application(Automotive, Agriculture, Building & Construction, Packaging), By Type(Antimicrobial, Antioxidant, Flame Retardants, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2499 |
Region:
Global |
Published Date: April, 2024
Pages:
182
|
Tables:
97 |
Figures:
74
Additive Masterbatch Market Regional Insights
North America accounts for a massive revenue share of the global additive masterbatch market owing to the presence of key packaging companies in this region. High use of additive masterbatch to create plastics for packaging and other applications allows this region to hold sway over others. The United States is estimated to lead the demand for additive masterbatch in this region followed by Canada. Rapidly expanding construction industry in North American countries will also bolster the demand for additive masterbatch in the long run.
Rapid urbanization and industrialization are slated to be the top catalysts for additive masterbatch market in the Asia Pacific region making it the fastest growing one in the world. High consumption of plastic in different applications in this region and growing chemical manufacturing activity are estimated to bolster the demand for additive masterbatch in this region over the coming years. Availability of cheap labor and raw materials in this region will also contribute to the rapid additive masterbatch market development going forward. China, India, Japan, and Indonesia are slated to emerge as investment-worthy markets in the Asia Pacific region for additive masterbatch providers.
Additive Masterbatch Market Report Snapshots
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