The Global Sustainable Masterbatch Market size is projected to grow at a CAGR of around 9.5% during the forecast period, i.e., 2021-26. According to MarkNtel Advisors Study.
Global Sustainable Masterbatch Market Driver:
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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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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Global Sustainable Masterbatch Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2020
-Historical Period: 2016 to 2019
-Forecast Period: 2021 to 2026
- By Product
- Polylactic Acid (PLA)
- Polybutylene adipate-co-terephthalate (PBAT)
- Polyethylene Terephthalate (PET)
- Starch Blends
- Polyethylene (PE)
- Others (PBS, PHB, PHA, PP, and Others)
- By Application
- Packaging
- Medical
- Automotive
- Agriculture
- Others (3D Printing, Textiles, and Consumer Goods)
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Competitive Landscapes
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - BASF SE, Cabot Corporation, Avient Corporation, Ampacet Corporation, Americhem, Inc., Silvergate Plastics, GABRIEL-CHEMIE GmbH., Tosaf Compounds Ltd., Rapid Colour Services Ltd, Polyvel Inc. are looking forward to strengthening their market positions.
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We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
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