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.
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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.
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“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.
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