Global Filler Masterbatch Market to reach USD 492.97 million by 2027.
Global Filler Masterbatch Market is valued approximately at USD 307.0 Million in 2020 and is anticipated to grow with a healthy growth rate of more than 7.0% over the forecast period 2021-2027. Filler masterbatch is used for blow molding of plastic products for improving the rigidity, control heat, and enhance turbidity and most importantly, to cut production expense. The global Filler Masterbatch market is being driven by rising demand for plastics in packaging industry and growing apparel demand from end use industries such as increased demand for consumer goods, construction activities in various regions. Furthermore, rising demand from as rise in automobile production activities will provide new opportunities for the global Filler Masterbatch industry. For instance, according to Statista, the total spending on construction across the globe is expected to increase from USD 9.5 trillion in 2014 to approximately USD 19.2 trillion by 2035. As a result, increased spending in construction industry for the construction of different residential and commercial properties will serve as a catalyst for the filler masterbatch industry in the future. However, stringent environment regulation, may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global Filler Masterbatch Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Increasing use in end-use sectors such as packaging, building and construction, automotive, and consumer goods makes Asia Pacific the leading region across the world in terms of market share. whereas, North America, is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to growing urbanization too has driven the demand for consumer goods such as refrigeration appliance.
Major market player included in this report are:
European Plastic Company
Plastika kritis s.a.
Vh-fb euro ltd.
Aurora global colors oy
Heritage Plastics, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Carrier Polymer:
Injection & Blow Molding
Films & Sheets
By End Use:
Building & Construction
Automotive & Transportation
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Filler Masterbatch Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers