Covid19 Impact on Additive Masterbatch Market Trends 2020: Growth Evolution, Business Challenges, Application and Forecasts Report
Source: Cole of Duty Cole Market Research
By sagar.g@marketstudyreport.com
Additive Masterbatch Market will witness high growth rate from 2020 to 2026. Rising demand for reinforced plastics across a vast application spectrum is likely to propel additive masterbatch market share. Additive masterbatches are liquid or solid compounds derived from natural or synthetic sources, which are added to pure plastic to change or add to its properties.
The COVID-19 pandemic has left a raging impact worldwide, severely affecting business operations. Despite the grim current scenario, analysts predict that post the slowdown of the crisis, the market is likely to witness lucrative growth prospects. This report delivers a detailed evaluation of how COVID-19 has impacted the industry, the global economic downturn, and the latest trends characterizing the market at present.
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In terms of additive type, antioxidant additive masterbatch market may gain considerable traction through 2026. Antioxidant additives aid in the reduction of degradation rates of physical plastic properties. By inhibiting the oxidation process, antioxidant additives augment the polymer’s stability against external factors like heat and sunlight. These additives are used predominantly in the processing of thermoplastics, safeguarding plastics against the adverse impacts of oxidation including loss of flexibility, loss of elongation and tensile strength, diminished impact resistance, surface deterioration, cracking or color change.
Considering the product type landscape, the report offers an overview of the products across the additives masterbatch market, categorized into anti-static, UV stabilizer, and anti-block in terms of market share, segment valuation, current and projected growth rate, development trends, and performance of the segment on the overall market.
North America is set to emerge as a lucrative revenue pocket for the additives masterbatch market. Demand for recycled plastics in the region has witness a substantial surge given numerous government and regulatory initiatives. For instance, the Association of Plastic Recyclers (APR) and WM have jointly developed the Recycling Demand Champion Campaign, aimed at urging business to commit towards the purchase and use of plastic products derived from post-consumer resin (PCR).
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The additives masterbatch market, as per recent report, is diversified into Europe, North America, Asia Pacific, LATAM, MEA and its analysis has been potentially addressed in the document. The report incorporates, in minute detail, a study on various factors promoting the growth of regional markets, along with the trending growth opportunities prevalent in every region, their growth rates over the projected timeframe, technologies used, regulatory reforms, and individual market share.
Some of the companies mentioned in the report include DOW Corning Corporation, Tosaf Group, Ampacet Corporation, O’neil Color & Compounding, PolyOne Corporation, Plastika Kritis S.A., Polyplast Muller GmbH, A. Schulman Inc., Clariant AG, RTP Company, and Plastiblends India Ltd.