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Masterbatch Market Overview, Research Methodology and Opportunities to 2017-2024

Masterbatch Market

Masterbatch Market

Masterbatch market is likely to grow at a CAGR of over 5.4% in the forecast timeframe, rising usage of plastic alternative to metal in automotive will accelerate growth. Government investment plan and stable policy framework for automobile manufacturers in Asia Pacific will significantly impact market growth by 2024. Further changing consumer preferences toward better living standards with growing per capita income in the region is cumulating purchasing power of customer, will substantially boost revenue generation of automotive industry. These factors will positively grow market demand for polymers in automotive industry, promoting growth for masterbatch products by the end of forecast period.

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Masterbatch Market size is forecast to exceed USD 14 billion by 2024; according to a new research report by Global Market Insights, Inc. Black masterbatch product is significantly growing with a CAGR of around 5.7%, owing to increasing application in automotive industry.

It is highly consumed product in various end-user industry. Second largest segment is color masterbatch which have widespread application in various consumer goods and packaging products. Shift in consumer preference toward packaged food product is augmenting market demand for polymers which is favoring the market.

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Automotive industry holds highest market share in terms of revenue with USD 6.3 Billion in 2016, the industry is witnessing high growth in Asia Pacific and Europe. China is majorly dominating the market owing to government automotive mid and long-term development plan. In addition, government is highly investing to develop electric vehicle which will drive polymers market in coming years.

Agriculture is estimated to grow with CAGR of around 6.0%, the market growth is significantly driven by growing percentage of cultivation land and rapidly increasing population. Followed by agriculture, consumer good segment will witness substantial growth in coming years with increasing application of polymer in home appliance products.

Some of major chapters from Table of Contents:

Chapter 2. Executive Summary

2.1. Masterbatch industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product by end-user trends
2.1.3. End-user trends
2.1.4. Regional trends

Browse Complete Table of Contents @
https://www.gminsights.com/toc/detail/masterbatch-market

Chapter 3. Masterbatch Industry Insights

3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.3.3. Profit margin
3.3.4. Value addition at each stage
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Increasing application of plastics over metals in automotive industry
3.4.1.2. Increasing demand for biodegradable masterbatch
3.4.2. Industry pitfalls & challenges
3.4.2.1. Increasing price of masterbatch product
3.5. Growth potential analysis
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Porter’s analysis
3.7.1. Buyer’s power
3.7.2. Supplier’s power
3.7.3. Threat of substitutes
3.7.4. Threat of new entrants
3.7.5. Degree of competition
3.8. Competitive landscape
3.8.1. Company market share analysis, 2016
3.8.2. Strategy dashboard
3.8.3. List of manufacturing plants
3.9. PESTEL analysis
3.10. Cost structure analysis
3.10.1. Research & development costs
3.10.2. Manufacturing & equipment costs
3.10.3. Raw material costs
3.10.4. Distribution costs
3.10.5. Operating costs
3.10.6. Miscellaneous costs
3.11. Regional pricing analysis

Browse Complete Report Summary @
https://www.gminsights.com/industry-analysis/masterbatch-market

Asia Pacific, primarily China, is expected to grow at a significant rate during forecast timeframe. Automotive, consumer goods and packaging are growing industries of Asia Pacific. Countries for instance India and China are spending massive amount to develop these industries for economic growth, which is positively influencing the market size in coming years.

The region is witnessing high investment in construction and automotive industry which will gain significant demand for plastic favoring masterbatch market. Europe is second highest country in terms of market share with CAGR of around 5.6%, high automobile production and improving market condition post rescission is likely to grow the market.

The masterbatch market is highly fragmented comprises of numerous local & global manufacturers, supplier and distributors operating worldwide. Few of these market players follow both backward and forward integration system. BASF and Clariant follow backward integration by manufacturing pigments for their masterbatch products. Prominent industry players include Cabot Corporation, PolyOne, RTP, Ampacet, Plastika Kritis S.A. and Tosaf Group.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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