Dublin--(BUSINESS WIRE)--"Filler Masterbatch Market Size, Sharing and Trend Analysis Report, by carrier polymer (polypropylene, polyethylene), by application (injection and blow molding, film and sheet, tape) , By end use, by region and market segment forecast from 2021 to 2028" report has been added to ResearchAndMarkets.com's products.
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.
The market is expected to grow well due to the use of filler masterbatches to provide color variants and other characteristics to plastic materials used in the global automotive, packaging, construction and construction, and consumer goods industries. 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.
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.
Highlights of filler masterbatch market report
For more information about this report, please visit https://www.researchandmarkets.com/r/ou2epl
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900