Oman Masterbatch Market Insights:
According toMarkNtel Advisors,theOman Masterbatch Marketis projected to grow at a CAGR of around 16.4% during the forecast period, i.e., 2023-28. The anticipated growth can be attributed to rapidly surging industrialization construction projects and the booming packaging industry alongside notable advancements in the automotive industry.
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Oman Masterbatch Market Definition:
Masterbatch (MB) is a solid or liquid additive for plastic used for coloring plastics (color masterbatch) or imparting other properties to plastics (additive masterbatch). The additive is 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. Oman is witnessing an extensive demand for masterbatches owing to the ever-increased production of plastics consumer goods across the country.
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Possible Restraint: Escalating Environmental Concerns Paired with Fluctuating Raw Material Prices
While masterbatch can give plastic more stiffness and color, its lack of biodegradability is a major concern for the Oman masterbatch market. It contains polymers that are detrimental to both human health and the environment, such as polyvinyl chloride and polyethylene tetrafluoroethylene. Additionally, crude oil prices have varied amid geopolitical concerns and the Covid-19 epidemic, which has impacted the manufacturing and sales of masterbatch and slowed market growth. Because of such volatility in crude oil prices, the masterbatch market may suffer in the coming years.
Oman Masterbatch Market Segmentation:
-By Type
- Black
- White
- Colour
- Additive
-By Application
- Film Extrusion
- Injection Moulding
- Blow Moulding
- Roto Moulding
- Others (Pipe extrusion, multifilament etc.)
-By End Users
- Automotive
- Packaging
- Consumer Goods
- Agriculture
- Construction
- Retail
-By Process
- Extrusion
- Modelling
-By Resins
- Polyethylene
- Polystyrene
- Others (Polypropylene, Polycarbonate etc.)
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Oman Masterbatch Leading Companies:
- Gulf Additives LLC
- LyondellBasell
- Vibrant Colortech
- Polytec Masterbach LLC
- The MAAG Group
- First Maritime General Trading Company
- USEON (Nanjing) Extrusion Machinery Co., Ltd.
- Clariant Masterbatches
- ?lhan Plastik
- Perfect Colourants and Plastics Pvt. Ltd. (PCPPL)
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