The UAE Masterbatch Market is projected to record around 20.84% CAGR in terms of revenue during 2022-27, reveals MarkNtel Advisors in their recent research report. The flourishing packaging, construction, & automotive sectors are the prime factors driving the masterbatch industry in the UAE, as these industries extensively use plastic polymers that require the application of masterbatches. The automotive sector is growing at a significant pace in the country, aided by the increasing number of automobile manufacturing units, soaring vehicle production & sales, and the mounting prevalence of EVs (Electric Vehicles). It, in turn, is leading to the ever-growing production of lightweight components for these vehicles, such as bumpers, dashboards, car batteries, headlamps, wires, cables, etc., using plastics and thus accelerating the demand for masterbatches.
On the other hand, the exponentially rising construction industry in the UAE is another prominent end-user of masterbatches and is attracting massive investments in the development & expansion activities associated with luxurious hotels, resorts, & shopping malls, among other commercial establishments. Consequently, the ever-growing production of various plastic materials required in these developments is aiding in the demand for masterbatches and creating new directions for the UAE masterbatch market to expand significantly through 2027.
Color Masterbatches to Generate Lucrative Prospects for the UAE Masterbatch Industry
The UAE is witnessing a rapidly increasing demand for color masterbatches, mainly for the production of plastic kitchenware, multilayer bottles, boxes, etc. These additives are simple to use & handle, ensure the product's transparency & opacity, and provide remarkable color distribution & dispersion. As a result, a large number of companies, particularly in the automotive, consumer goods, & packaging industries, are increasingly adopting color masterbatches to enhance the aesthetics of their different final products.
Moreover, these additives also exhibit properties like surface resistivity, UV stabilization, flame retardation, scratch resistance, optical brightness, & prevention of yellowness, which aid in enhancing the overall performance of polymer materials. Hence, these factors project a rapidly growing momentum of color masterbatches and lucrative opportunities for companies operating in the UAE Masterbatch Market over the forecast years.
The major companies in the UAE Masterbatch Market are Eco Batch, EnerPlastics LLC, Polytec Masterbatch LLC, Elite Global Holdings Limited, Astra Polymers, Interplast, Al Saif Plastics LLC, Stylex International FZC, Alitsa Masterbatch LLC, and GHAF Polymers, among others.
Key Questions Answered in the Research Report: