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The UAE Masterbatch Market is expected to grow at a CAGR of around 20.24% and 8% in terms of revenue and volume, respectively, during the forecast period, i.e., 2022-27. Most of the market expansion would be driven by the booming packaging, construction, automotive, textile, agriculture, & consumer goods industries in the country that massively utilize plastic polymers, which require masterbatches
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UAE Masterbatch Market Research Report: Forecast (2022-2027) • GET UPDATED SAMPLE REPORT • MARKNTEL ADVISORS
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Market Insights The UAE Masterbatch Market is expected to grow at a CAGR of around 20.24% and 8% in terms of revenue and volume, respectively, during the forecast period, i.e., 2022-27. Most of the market expansion would be driven by the booming packaging, construction, automotive, textile, agriculture, & consumer goods industries in the country that massively utilize plastic polymers, which require masterbatches. The increasing number of manufacturing units of companies like Ashok Leyland, Hafilat industries, W Motors, & Zarooq Motors in the UAE is aiding in the expansion of the country's automotive sector and, consequently, positively influencing the demand for masterbatches.
Market Trends Increasing Utilization of Metallic Masterbatches in Automotive & Packaging Industries- In recent years, metallic masterbatches have emerged as a lucrative opportunity for companies operating in the UAE Masterbatch Market. They are being used extensively across industries, such as automotive, packaging, & consumer goods, in order to provide a metallic or glittering finish to final products like premium packaging, containers, cosmetic packaging, automotive accessories, appliances, & housewares. Companies like ClariantMasterbatches Ltd., BASF, etc., are now offering new plastic performance solutions & have introduced a new translucent chrome color masterbatch, designed principally for PET (polyethylene terephthalate) containers, which makes the contents within visible. Hence, these rapidly evolving industries are creating new directions for metallic masterbatch manufacturers to yield significant profits and propel the overall masterbatch market growth in the upcoming years.
Market Segments By Product Type (Black, White, Color, Additives), By End User (Automotive, Packaging, Consumer Goods, Agriculture, Construction), By Application (Film Extrusion, Injection Molding,Blow Molding, Roto Molding, Others), By Region (Abu Dhabi, Dubai, Sharjah & Northern Emirates)
Top Companies Eco Batch, EnerPlastics LLC, PolytecMasterbatch LLC, Elite Global Holdings Limited, Astra Polymers, Interplast, Al Saif Plastics LLC, Stylex International FZC, AlitsaMasterbatch LLC, GHAF Polymers
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MarkNtel Advisors Target Geographies- Focus Areas • MarkNtel has strategically defined its target areas which are based on evaluation by its analysts after analysing the growth potential of various regions. Few of those parameters include: • -Political, Economic, Social, Technological and Environmental Analysis • -Credit Ratings provided by leading institutions • -GDP projections by bodies such as the World Bank, IMF, OECD, etc. • -Market Disruptions and the “Next Big Things”
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