Rising building and construction industry to drive the UAE masterbatch market in the forecast period, 2023-2027. According to TechSci Research report, “UAE Masterbatch Market – By Region, Forecast, and Opportunities, 2017-2027”, the UAE Masterbatch market is anticipated to grow at a significant rate in the forecast period, 2023-2027.
The Important Elements of the UAE Masterbatch Market
The growing commercial and residential projects and growing demand for bio-based plastic products in the country are the primary factors driving the demand for the UAE masterbatch market. The increase in consumption of plastics in the automotive industry, and growing demand for biodegradable masterbatches are surging the market growth. The rising use of biodegradable masterbatch is rising due to daily consumer good applications, particularly in the food and beverage industry. This is due to the various benefits associated with biodegradable masterbatches such as they are cost-effective, helping to reduce the impact of plastic waste, and providing value to brands and products.
However, the stringent government regulations against the non-biodegradability of plastics, rising oil prices, and availability of cheap and low-quality materials may hamper the growth of the market in the forecast period.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on the” UAE Masterbatch Market”@ https://www.techsciresearch.com/report/uae-masterbatch-market/14158.html
The united arab emirates 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 UAE masterbatch market are:
- Polytec Masterbatch LLC
- Alitsa Masterbatch LLC
- Rakha Al-Khaleej International LLC
- EnerPlastics LLC
- Ecobatch Plastic Factory
- AL-LAMAAN
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“UAE is expected to witness significant growth in the upcoming years due to the growing manufacturing industries, rapid industrialization, and heavy investments in research and development. The rise in a number of research and development activities, increasing demand for plastic goods, growing purchasing powers of consumers, and growing demand for lightweight vehicles are the primary reason due to which the UAE 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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“UAE 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 UAE 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 arab emirates masterbatch market.
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