United Kingdom Masterbatch Market to Register an impressive CAGR During the Forecast Period
Advancements in the automotive
and construction industry and growing demand for customized masterbatches for a
broad range of applications in the country is driving the growth of the United
Kingdom Masterbatch Market in the forecast period 2024-2028.
According to TechSci Research
report, “United Kingdom Masterbatch Market – By Region, Competition
Forecast and Opportunities, 2018-2028”, the United Kingdom
masterbatch market is projected to grow at a robust rate in the forecast
period, 2024-2028. The primary factors
driving the demand for the United Kingdom masterbatch market are the burgeoning
expansion of plastics in the automotive industry, growing awareness
regarding the desirable qualities of masterbatches, and rising acceptance of
e-commerce. Increasing customer awareness of aesthetic interiors, increased
investments, and rapid industrialization are driving market expansion. Growing
end-use industry expansion, growing consumer interest in eco-friendly products,
encouraging government programs, and consistent research and development
efforts are anticipated to impact market demand. BPF (British Plastic
Federation) Masterbatch and Technical Compounds, the representative of UK color
masterbatch manufacturers and suppliers has predicted that Masterbatch industry
will likely have a turnover of USD300 million in the forecast period.
The supply of cheaper
and low-quality materials, price uncertainties in raw materials, and strict
government regulations against plastics may, however, inhibit the United
Kingdom Masterbatch Market growth throughout the forecast period.
Browse over XX market
data Figures spread through 70 Pages and an in-depth TOC on "United Kingdom Masterbatch Market"
The United
Kingdom Masterbatch market is segmented into type, polymer, application, end
user industry, region and company.
Based on type,
the market is divided into white, black, additive, color, and others. Due to increasing demand for various colored grades of customized masterbatches,
color is expected to become the high-value segment in the
forecast period. The current market scenario suggests the high sales of colored
masterbatches in the country owing to the good color consistency at cost-effective
prices.
Based on polymer,
the market is divided into PP, LDPE/LLDPE, HDPE, PVC, PET, and others. Annual production
of plastic raw materials is likely to surge in the forecast years. Big market
players in UK like Ineos, Basell Polyolefins, Sabic, etc., are aiding to push
the use cases of plastics for range of specialist materials like masterbatches
for various grades of Polypropylene and Polyethylene.
Based on
application, the market is divided into film extrusion, injection molding, blow
molding, rotomolding, and others. The film extrusion and injection molding segments are
anticipated to witness high growth during the forecast period years.
Based on end user
industry, the market is divided into packaging, building & construction,
consumer goods, automotive, textile, and others. Annual sales
value of all the goods consumed in the United Kingdom has taken a sharp rise in
the past ten years and is going to optimize in the forecast years resulting in
the growth of the consumer goods segment.
Major
companies operating in United Kingdom masterbatch market are:
- Hubron (International) Limited
- Clariant Services UK Ltd
- Abbey Masterbatch Ltd
- Performance Masterbatches (PMB)
- Colloids Ltd.
- Colourhouse Masterbatch Ltd.
- Colourmaster NIP Ltd.
Download Free Sample Report
Customers
can also request for 10% free customization on this report.
“The multitude of end-user industries, adoption of
technological advancements, and aggressive investments by the automobile
industry are all contributing to projections that the United Kingdom would
likely achieve tremendous growth in the future years. The United Kingdom
masterbatch market is anticipated to grow through 2028 primarily because of an
increase in R&D activities, increasing manufacturing of polymer automotive
components in the automobile sector, and a rise in the number of major market
participants.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“United Kingdom Masterbatch Market
By Type (White, Black, Additive, Color, Others), By Polymer (PP,
LDPE/LLDPE, HDPE, PVC, PET, Others), By Application (Film Extrusion, Injection
Molding, Blow Molding, Rotomolding, Others), By End User Industry (Packaging,
Building & Construction, Consumer Goods, Automotive, Textile, Others), By
Region, Competition Forecast & Opportunities, 2028”, has evaluated the future
growth potential of United Kingdom masterbatch market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in United Kingdom masterbatch market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com