Press release
Middle East & Africa Color Masterbatch Market is relied upon to achieve USD 413.2 million by 2027 with 6.35% CAGR
Color Masterbatch Market
Market Overview:
Color masterbatch is a mixture of pigments or additives which are compressed during heat process into a carrier resin. Then the mixture is cooled and cut into granular shape. Masterbatch is solid additive which is processed to color raw polymer during plastic manufacturing process. MEA color masterbatch has seen a potential growth over the past few years due to the increasing number of small and medium scale producers and several key manufacturers focus shifting towards MEA market. Increasing demand from plastic and consumer goods industries have propelled the demand for color masterbatch in MEA market. Color masterbatch market is mainly focused due to the growing application industries such as packaging, automotive, consumer goods & retail, textile agriculture, building & construction and others.
Geographically, Africa region has accounts the largest market in terms of value and volume followed by Africa region. Followed by GCC and other countries. Black masterbatch is one of the most consumed type of color masterbatch followed by standard color masterbatch and white masterbatch.
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Market Segmentation:
The Middle East & Africa Color Masterbatch Market has been segmented into types, carrier resin and application.
By Types
• Black Masterbatch
• Standard Color Masterbatch
• White Masterbatch
• Additive Masterbatch
• Filler Masterbatch
By Carrier Resin
• Polyethylene (PE)
• Polypropylene (PP)
• Polystyrene (PS)
By Application
• Packaging
• Automotive
• Consumer Goods & Retail
• Textile
• Agriculture
• Building & Construction
Key Findings
• MEA color masterbatch market is projected to reach USD 413.2 million by 2027 with 6.35% CAGR during review period of 2016-2027
• Africa region accounted for largest share due to growing application industries in this region
• Among types, Black Masterbatch has acquired the market share of 26% in 2015 with the market value of USD 53.1 million in 2015 growing at a CAGR of 7.31% till forecast period.
• Among applications, packaging industry emerged as the leading application industry in MEA color masterbatch market.
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Key Market Players
The key players in MEA color masterbatch market report included are
• A Schulman
• TOSAF Compounds
• Polyplast Müller
• Polyone Corporation
• Hubron
• Clariant Masterbatches
• Cabot Plastics International
• Ampacet Corporation
• Ferro Corporation
• Astra Polymers
Target Audience
• Masterbatch producers
• Traders and distributors
• Association and government bodies.
• Application industries
• Plastic manufacturers
• Research institute
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Geographical Analysis
The report covers brief analysis of geographical region such as:
Middle East
• GCC
• Israel
• Turkey
• Rest of Middle East
Africa
• Central Africa
• Southern Africa
• North Africa
• East Africa
• West Africa
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Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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