(MENAFN- GlobeNewsWire - Nasdaq) Surging Consumer Preference for Eco-Friendly and Lightweight Products Driving Liquid Masterbatch market Growth
Rockville, MD , Nov. 05, 2024 (GLOBE NEWSWIRE) -- The global Liquid Masterbatch Market estimated to be valued at US$ 11.78 billion in 2024, is projected to expand at a CAGR of 5% from 2024 to 2034.
Liquid masterbatches are a type of plastic compound that is dissolved in a solvent and then extruded through a small opening, similar to a spinneret. The liquid is propelled through the hole under pressure and solidifies into thread-like structures. Once taken away from the spinneret and allowed to cool, these threads can be cut into pellets or other desired shapes.
This substance, which comes in liquid and solid forms, is used to enhance the antistatic, antifog, antilocking, UV stabilizing, and flame-retardant qualities of polymers while also adding color. A variety of carrier polymers are favored in addition to the product for use in injection molding and extrusion procedures.
Need for color and functional additives in a variety of applications is driving the expansion of the market. Furthermore, the worldwide market for liquid masterbatches is expanding due to consumers' desire for eco-friendly and lightweight products.
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Key Takeaways from Market Study:
The global liquid masterbatch market is set to reach US$ 11.78 billion in 2024. Demand for liquid masterbatches is projected to rise at a CAGR of 5% from 2024 to 2034. The market is projected to reach US$ 19.2 billion by 2034-end. The market in East Asia is forecasted to expand at a CAGR of 5.5% through 2034. Demand for plasticizers or PVC is projected to increase at a CAGR of 5.8% through the forecast period. North America is estimated to account for 28.6% share of the global market in 2024.
“One of the main factors projected to drive the global liquid masterbatch market during the forecast period is the replacement of metal by plastics in the end-use sectors, such as automotive and transportation, building and construction, consumer products, and packaging,” says a Fact.MR analyst.
Leading Players Driving Innovation in the Liquid Masterbatch Market:
Cabot Corporation | Tosaf | Avient | Clariant | Americhem | BASF SE | Ferro-Plast Srl | A. Schulman | RTP CO.
Growing Emphasis on Sustainable and Eco-Friendly Masterbatch Solutions in Manufacturing:
Increasing awareness of sustainability concerns and pressing environmental challenges are leading to a rise in the demand for environmentally friendly masterbatch solutions. There is an evident trend in the manufacturing sector toward the search for sustainable alternatives as governments, businesses, and consumers become aware of the need to implement ecologically responsible practices.
Potential environmental benefits of liquid masterbatches are one of the main reasons for their popularity. Liquid masterbatches may have advantages over their solid counterparts in terms of decreased energy costs related to production and lower carbon footprints. Liquid masterbatches may be made with fewer raw materials, which would make the production cycle more resource-efficient and sustainable.
Ampacet announced the release of PET UVA in June 2023. This masterbatch protects the food within the packaging from damaging UV rays, prolonging its shelf life and minimizing waste. UVA in PP and PE is also provided by the firm.
Liquid Masterbatch Market News:
Cabot Corporation introduced the PLASBLAK XP6801D black masterbatch in November 2020. By removing the usual trade-off between colour and mechanical qualities, this novel formulation, which is based on styrene-acrylonitrile (SAN), successfully meets the needs of the styrenics industry.
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the liquid masterbatch market for 2018 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on product type (additives, mineral oils, phthalates, plasticizers or PVC, polyurethane, resins), color (black, white), and end use (packaging, aerospace, marine, cosmetics & pharmaceuticals, electronics & electricals, construction, consumer products), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
Segmentation of Liquid Masterbatch Market Research:
By Product Type : Additives Mineral Oils Phthalates Plasticizers or PVC Polyurethane Resins
By Color : By End Use : Packaging Aerospace Marine Cosmetics & Pharmaceuticals Electronics & Electricals Construction Consumer Products
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