Oman Masterbatch Market Size 2023-2028: Gulf Additives LLC, LyondellBasell, Vibrant Colortech, Polytec Masterbach LLC, The MAAG Group

According to MarkNtel Advisors study the Oman Masterbatch Market is projected to grow at a CAGR of around 16.4% during the forecast period, i.e., 2023-28.

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Key Findings of the Study: Oman Masterbatch market

Key Driver: Extensive Adoption of Masterbatches, As A Component in The Construction Sector

With significantly relaxed rules and restrictions on foreign investment, the building sector in Oman is gaining traction. Since the masterbatch is a crucial component utilized in construction activities, its production & sales are surging in the nation, with the construction of corporate buildings, resorts, hotels, and shopping centers playing a prominent role in this development. Additionally, the need for components, including conduits, pipelines, HDPE geomembrane sheets, plastic water tanks, and foamed insulation, further up scaled the popularity of masterbatches across Oman. Likewise, the augmenting demand for plastic by multiple end-user industries is because of its utilization in products like wires & cables, electronic gadgets like T.V. & computers, and home appliances.

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Scope of the Report and 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.)

Of them all, Blow Moulding application is anticipated to acquire the fastest market growth during the projected time frame.

Oman Masterbatch Market Competitive Landscape

• 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)

Oman Masterbatch Market Development:

• OQ (Muscat, Oman) is employing Univation Technologies ‘UNIPOL PE Process for its two 440,000-ton/yr polyethylene (PE) plants within the Liwa Plastics Industrial Complex in Sohar, Oman. OQ prompted these two world-scale plants with full-density polyethylene product capabilities permitting product slate flexibility to cover a wide range of HDPE and LLDPE applications. OQ will access Univation’s ACCLAIM K-100 HDPE Technology which promotes a broad range of unimodal HDPE products, including advantaged HDPE films and enduring large-part blow molding articles.
• The Circulen portfolio of sustainable solutions will be expanded to LyondellBasell's Advanced Polymer Solutions (APS) division, allowing brand owners and OEMs to improve the sustainability of their products. For its clients in industries like automotive and home appliances, the portfolio of compounds and solutions is stemmed from mechanical and cutting-edge (molecular) recycled and renewable-based materials. The APS business manufactures and sells compounds and solutions such as polypropylene compounds, tailored plastics, masterbatches, colors, and powders, as well as innovative polymers like Catalloy and polybutene-1. By 2030, LyondellBasell plans to create and market two million metric tonnes of polymers made from recycled and renewable materials yearly.
• In 2020, PolyOne Corporation, the world's leading provider of specialized polymer materials, services, and sustainable solutions, completed the acquisition process for the color masterbatch businesses of Clariant and Clariant Chemicals India Ltd. With its new name, PolyOne will now be called Avient.

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