Market Definition
Masterbatch is an additive made through heating procedures and utilized for enhancing the quality & performance of polymers. The application of these cost-effective additives is easy, dirt-free, & stable, which minimizes the safety risks associated with using powder pigments. The UAE is witnessing an extensive demand for masterbatches owing to the ever-increased production of plastics & consumer goods across the country.
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.
In addition, due to rapidly increasing carbon emissions, more & more electric vehicles are being produced and sold in the UAE, i.e., leading to the growing utilization of plastics in order to make lightweight components like bumpers, dashboards, car batteries, headlamps, wires, cables, etc., which, in turn, is accelerating the demand for masterbatches in the automotive sector.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 20.24% |
| Key Companies Profiled | Eco Batch, EnerPlastics LLC, Polytec Masterbatch LLC, Elite Global Holdings Limited, Astra Polymers, Interplast, Al Saif Plastics LLC, Stylex International FZC, Alitsa Masterbatch LLC, GHAF Polymers |
| Unit Denominations | USD Million/Billion |
On the other hand, the increasing greenfield investments in the UAE are stimulating commercial construction activities associated with hotels, resorts, & shopping malls, as well as the expansion of business parks & trade centers, among others, thereby amplifying the demand for masterbatches in the country. These developments are also being promoted through massive government investments in enhancing the country's overall infrastructure. Subsequently, there's a mounting demand for various plastic components in these sectors, i.e., propelling the production & sales of masterbatches and creating new avenues for the UAE masterbatch market to witness significant expansion over the coming years.
Latest Trend in the UAE Masterbatch Market
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 Clariant Masterbatches 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 Segmentation
Based on Type:
Of them all, color masterbatches are gaining massive momentum in the UAE Masterbatch Market. They are being increasingly utilized for the production of plastic kitchenware, multilayer bottles, boxes, etc., owing to their benefits, such as superior color distribution & dispersion, simple usage & handling, and excellent control of the product's transparency & opacity, etc.
Besides, the mounting focus of companies operating in automotive & consumer goods industries, coupled with those involved in making flexible packaging solutions for food, beverages, & medicines, on enhancing the aesthetic appeal of their product offerings is another contributor to the significantly growing demand for color masterbatches.
