Global Masterbatch Market to Witness Modest Growth through 2022, Informs Lucintel in Its Insightful Report Available at MarketPublishers.com
01 Sep 2017 • by Natalie Aster
LONDON – The world’s masterbatch industry has a promising future with attractive opportunities emerging in different end-use sectors including building, packaging, consumer goods, construction, electronics, transportation, textiles, etc.
During 2017-2022, the global masterbatch industry is set to increase at a modest but stable CAGR of 4.2% to reach the value of USD 10.9 billion by 2022-end. Some of the key forces fueling growth in the masterbatch market comprise elevating demand for plastics as substitutes for different materials, remarkable uptake in the biodegradable masterbatch sector and rising demand for flame retardant and anti-shrinkage masterbatches for PC sheets and PP pipes.
Through 2022, the packaging industry is predicted to remain the top consumer of masterbatch; this application sector is likely to increase at the highest pace in the coming years encouraged by constantly rising consumption of packaged consumer goods.
Regionally, APAC is set to continue holding the dominant position in the world’s masterbatch market in terms of volume and value; this regional market is also expected to grow at the highest CAGR over 2017-2022.
Insightful research publication “Growth Opportunities in the Global Masterbatch Market” prepared by Lucintel presents a clear picture of the market landscape and scenario. It sheds light on the prevailing market trends and the hottest issues, features the market dynamics with vital info on the key factors influencing the market growth, discusses possible threats and opportunities. Besides, this report includes a detailed analysis of the masterbatch market segmentation and estimates the market shares, touches upon regulative norms and provides a profound insight into the competitive landscape. Additionally, a future outlook for the masterbatch market up till 2022 is offered in this publication.
More in-demand research reports prepared by Lucintel are available at the publisher’s page at MarketPublishers.com.