Rising adoption of e-commerce to drive the US masterbatch market in the forecast period, 2023-2027. According to the TechSci Research report, “United States Masterbatch Market – By Region, Forecast, and Opportunities, 2017-2027”, the United States Masterbatch market is anticipated to grow at a significant rate in the forecast period, 2023-2027.
The Important Elements of the United States Masterbatch Market
The increasing focus on the use of plastic in the automotive industry, growing awareness regarding the beneficial properties of masterbatches, and rising adoption of e-commerce in the country are the primary factors driving the demand for the United States masterbatch market.
The rising awareness among consumers about attractive interiors, increasing investments, and rapid urbanization are surging the market growth. The growing expansion of end-use industries, rising awareness regarding eco-friendly products, supportive government initiatives, and consistent research and development activities are expected to influence the market demand.
However, the stringent government regulations against plastics, fluctuations in raw material prices, and availability of cheap and low-quality materials may hamper the growth of the market in the forecast period.
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The United States Masterbatch market is segmented into type, polymer, application, end-user industry, and company.
Based on type, the market is divided into white, black, additive, color, and others. The color segment is expected to witness a rise over the forecast period. This is attributed to its usage to differentiate the product, and to provide customization alternatives to have products with appealing and attractive visual appearance.
Based on polymer, the market is divided into PP, LDPE/LLDPE, HDPE, PVC, PET, and others. The PP segment is forecasted to witness high growth over the upcoming years. This is attributed to its excellent mechanical strength and flexibility properties.
Based on application, the market is divided into film extrusion, injection molding, blow molding, rotomolding, and others. The injection molding segment is forecasted to witness high growth over the upcoming years.
Based on the end-user industry, the market is divided into packaging, building & construction, consumer goods, automotive, textile, and others. The consumer goods segment is anticipated to grow during the forecast period. This is attributed to the high adoption of e-commerce and rising demand for daily consumer goods.
Major companies operating in the US masterbatch market are:
- Clariant AG
- Avient Corporation
- Ampacet Corporation
- Cabot Corporation
- Penn Color, Inc.
- Schulman, Inc.
- RTP Company, Inc.
- Americhem Inc
- Ferro Corporation
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“The United States is expected to witness significant growth in the upcoming years due to the vast expanse of end-user industries, adoption of technological advancements, and heavy investments by the automotive industry. The rise in a number of research and development activities, increased production of polymer auto parts in the automotive industry, and growing number of preeminent market players are the primary reason why the US masterbatch market is expected to grow through 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
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“ United States 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, 2027”, has evaluated the future growth potential of United States masterbatch 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 the United States masterbatch market.
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