January 05, 2021
According to the research report titled ‘Saudi Arabia Masterbatches Market Analysis, 2020‘, available with Market Study Report LLC, Saudi Arabia masterbatches market is anticipated to record a y-o-y growth rate of 6% through 2025.
Saudi Arabia masterbatches market is witnessing substantial gains owing to rising investments by polymers manufacturers, and fast industrialization across the region.
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Also, wide application scope of white masterbatch in lamination, extrusion coating, and protective films is contributing to the market growth. Further, extensive utilization of the product in polymers and packaging sector for thermo-forming, blow moulding, protective films, and injection moulding is positively impacting the Saudi Arabia masterbatches industry growth.
Additionally, rising usage of masterbatches in healthcare industry for producing medical apparatus, gloves, surgical masks, medical machines, and other surgical devices, due to constant medical advancements is benefitting Saudi Arabia masterbatches market expansion.
Moreover, employment of masterbatches in production of household appliances for better shine, gloss, and heat stability is accelerating the market growth. Meanwhile, upcoming construction projects in residential, hospitality, and healthcare sectors are also stimulating Saudi Arabia masterbatches industry outlook.
Based on type, Saudi Arabia masterbatches industry is divided into additives, black, colours, and white. With respect to application scope, the market is classified into blow moulding, film extrusion, injection moulding, roto moulding, and others.
In terms of end-user gamut, Saudi Arabia masterbatches market is segmented into automotive, construction, consumer goods, packaging, and agriculture. Among these, construction segment held significant industry share in 2019 and is expected to witness modest gains in the coming years, owing to increasing usage of masterbatches as lumber wrap and house wrap for safeguarding wood.
Major players influencing Saudi Arabia masterbatches market trends are Clariant Masterbatches (Saudi Arabia) Ltd., LyondellBasell Industries N.V., Cabot Corporation, Juffali PolyOne Master Batches Co. Ltd., Ingenia Polymers Co. Ltd., PolyAlwan Plastic Factory, Astra Polymers, Al Zhoor Plastics Factory, Ampacet Corporation, and Energya Electric Industries.