How big is the “Silicone Masterbatches Market” Description – Silicone masterbatches are white pellets, formed by 30% to 50% ultra-high molecular weight siloxane polymer dispersed in all kinds of thermoplastic resin, such as PE, PP, used in carrier resin compatible system in order to improve the flow of resin and processing (better mold filling & mold release, less extruder torque, faster throughput), and modify surface properties (better surface quality, lower COF, greater abrasion & scratch resistance).Silicone masterbatch additives for improved plastics processing.
Report Overview
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Silicone Masterbatches estimated at USD 666.5 million in the year 2022, is projected to reach a revised size of USD 927.9 million by 2028, growing at a CAGR of 5.7% during the forecast period 2022-2028.
Silicone Masterbatch is widely used in Electrical & Electronics, Transportation, Building & Construction, Medical, Textile Industry, Packaging etc. As to the Silicone Masterbatch downstream application, Electrical & Electronics is its largest downstream market, which shares 19.08% of the consumption in 2017. According to the different function, Silicone Masterbatch is divided into white masterbatch, black masterbatch, color masterbatch and additive masterbatch. Color Masterbatch is the most common kind, accounting for more than 40.23% of the total Silicone Masterbatch production.
At present, the production of Silicone Masterbatch distributed evenly in North America, Europe and Asia-Pacific, taking about 21.54%, 26.89%, 43.59% respectively in 2017. Silicone Masterbatch industry in Asia-Pacific is highly fragmented with a few major players & large number of small and medium players who account for majority of the market share. To meet the strong demand of Silicone Masterbatch, many manufacturers established manufacturing plants in Asia-Pacific.S
Who are the major players operating in the Silicone Masterbatches market?
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