World Masterbatch Market Scrutinized by M&M in Topical Research Report Now Available at MarketPublishers.com
17 Nov 2014 • by Natalie Aster
LONDON – The value of the world masterbatch market is forecast to achieve USD 12.1 billion by 2019, representing growth at a CAGR of 7.1% during 2014-2019. The increasing plastic products output, on-going industrialization and continuous economic upsurge are amid the major drivers of the market growth.
The packaging sector is the largest sector of the total masterbatch market. It is anticipated to grow at a CAGR of 7.5% in the offing. The companies producing various consumer goods are seeking for such packaging materials that will help to ensure low-cost production and transportation; thus, the demand for masterbatch in the packaging industry is following an upward trend. Meanwhile, the automotive sector is forecast to increase at a CAGR of 8.5% by 2019.
Europe is now the major masterbatch market, followed by North America. Meantime, the market in the APAC region is poised to see the highest growth rate in the years ahead. Moreover, given the rising demand for packaging and plastics across the Asian countries, favourable opportunities emerging in the region and benefits of low-cost structures, more companies are expanding their businesses in the region.
Market research report “Masterbatch Market by Type (White, Black, Color, Additive, Filler), and Application (Packaging, Building & Construction, Automotive, Consumer Goods, Textile, and Others) - Global Trends & Forecast to 2019” worked out by MarketsandMarkets (M&M) provides a detailed guide to the masterbatch market and offers important details on the industry performance by region.
The in-demand study gives an extensive assessment of the masterbatch industry, covers the market size and presents shares estimations. It uncovers important data on the key factors shaping the market, examines the market challenges, drivers, restraints and opportunities; and presents the market segmentation analysis based on masterbatch type and application. Besides, the research thoroughly describes the competitive scenario and discloses information on the acquisitions, mergers, partnerships and developments related to the industry. Key producers, their services and products are covered in the study. Additionally, the report unveils the projections for the global masterbatch market till 2019.
Masterbatch Market by Type (White, Black, Color, Additive, Filler), and Application (Packaging, Building & Construction, Automotive, Consumer Goods, Textile, and Others) - Global Trends & Forecast to 2019
Published: October, 2014
Price: US$ 4,650.00
More market research studies by the publisher can be found at MarketsandMarkets page.