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San Francisco, November 23, 2021 /PRNewswire/ - A new report from Grand View Research, Inc. shows that by 2028, the global filler masterbatch market is expected to reach US$521.8 million. The market is expected to grow at a compound annual growth rate of 7.0% from 2021 to 2028. Due to the use of filler masterbatches to provide color variants and give other properties to plastic materials used in the automotive, packaging, construction and construction, and consumer goods industries, the market is expected to grow well. Calcium carbonate is commonly used as a filler in the plastics industry to help reduce the melting pressure of plastics when they are molded into product forms.
The market value in 2020 is 307 million US dollars, and the compound annual growth rate is expected to be 7.0% from 2021 to 2028
Read the 131-page research report, "Filling masterbatch market size, carrier polymers (polypropylene, polyethylene) sharing and trend analysis report, by application (injection and blow molding, film and sheet, tape), by end use, Market Forecast by Regions and Segments, 2021-2028", Grand View Research
Calcium carbonate is used as a filling masterbatch material, which plays a good role as a stabilizer in the production of plastic beads, which can improve the floatability of bubbles and achieve a smooth and beautiful surface finish. Filler masterbatch can help manufacturers in all walks of life reduce production costs, and improve durability, hardness, impact resistance and adhesion properties, while improving the opacity and gloss of the final product surface. It can be used in combination with a variety of plastics, including thermoplastics, flexible plastics and rigid plastics.
In recent years, due to population growth, increased employment opportunities and improved living conditions, the process of urbanization has accelerated, and the construction and construction industries have grown. Polyethylene and polypropylene are among the most widely produced plastics in the world. Polypropylene is used in various plastic building materials that require fatigue and heat resistance. Some common applications include piping systems, cable insulation, plastic machine parts, and carpets. The use of polypropylene in the production of building materials is expected to drive the market for polypropylene carrier polymers in filler masterbatches.
Major players are implementing strategic measures such as mergers and acquisitions to strengthen their position in the market. For example, in July 2020, PolyOne acquired the masterbatch business of Clariant, a Swiss multinational specialty chemical company, for US$1.56 billion and changed its name to Avient. The acquisition is expected to give PolyOne complete control of Clariant's masterbatch business, which includes 46 manufacturing operations and technology centers in 29 countries.
Some masterbatch manufacturers are implementing various expansion plans by establishing new manufacturing facilities to meet the growing demand for plastics in the automotive, packaging and consumer goods industries. For example, in March 2021, JJ Plastalloy announced the opening of a new manufacturing plant in Gujarat to provide masterbatches and compounds for thermoplastic products.
Grand View Research has segmented the global filler masterbatch market based on carrier polymer, application, end use, and region:
List of major players in the filler masterbatch market
Check out more research related to masterbatch conducted by Grand View Research:
Browse Grand View Research's coverage of the global plastics, polymer and resin industries.
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Grand View Research is a US-based market research and consulting company that provides joint and customized research reports and consulting services. The company is registered in California, headquartered in San Francisco, has more than 425 analysts and consultants, and adds more than 1,200 market research reports to its huge database every year. These reports provide in-depth analysis of 46 industries in 25 major countries around the world. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and well-known academic institutions understand the global and regional business environment and seize future opportunities.
Contact: Sherry James Enterprise Sales Specialist, Grand View Research, Inc., USA Tel: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [Email Protection] Website: https://www .grandviewresearch. com follow us: LinkedIn | Twitter
SOURCE Grand View Research, Inc.
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