Masterbatch Market Comprehensive Study 2018: RTP Company, PolyOne, Clariant, BASF, The Dow Chemical Company, Cabot Corporation, Ampacet Corporation, Tosaf Group, A. Schulman, Inc.

GMI presents a most up-to-date research on “Masterbatch Market – Global Industry Analysis, Size, Share, Product (Black, White, Color, Additive), Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Indonesia, South Korea, Brazil, Mexico, South Arabia, South Africa, UAE) and Forecast 2017 – 2024”.

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.

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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.

Masterbatch Market By End-user
o Automotive
o Consumer goods
o Packaging
o Agriculture
o Construction
o Others

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Masterbatch Market size is forecast to exceed USD 14 billion by 2024. Growing percentage of agricultural land due to increasing population will enhance the demand for agricultural films. This film is manufactured by polymers which comprises of masterbatches synthesized from bioplastics. Moreover, rising trend for eco-friendly products among the industrial players and consumers is driving the masterbatch market for bioplastics, further excellent moisture shielding and protecting properties had increased crop productivity which is significantly driving the market.

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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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.

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