Press release
Masterbatch Market 2022- Industry Survey and top Competitive Trends: PolyOne, RTP, Ampacet, Plastika Kritis S.A. and Tosaf Group.
Masterbatch Market, Masterbatch Market Study, Masterbatch Market Size, Masterbatch Market Segmentation, Masterbatch Market Growth
Masterbatch Market is forecast to exceed USD 14 billion by 2024; according to a new research report.
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The major players in global and United States market, including
Cabot Corporation, PolyOne, RTP, Ampacet, Plastika Kritis S.A. and Tosaf Group.
A laudable mention in the report is that of a separate wing being devoted to the supply chain analysis of Masterbatch market, elucidating the raw material and overall industry supply chain in terms of the prices, production, distribution channels, and demand and supply. Replete with extensive diagrams, charts, tables, and other visual representations, global Masterbatch market research report successfully provides key insights regarding pivotal industry deliverables.
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.
Growing percentage of agricultural land due to increasing population will enhance the demand for agricultural films. This film is manufactured by polymers which comprises bio based masterbatch that helps to degrade polymers. Rising trend for eco-friendly products among the industrial players and consumers is driving bio based masterbatch market, further excellent moisture shielding and protecting properties had increased crop productivity which is significantly driving the market.
Scope of Report:
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.
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.
Masterbatch Market, Product by End-user
Black
Automotive
Consumer goods, Packaging, Agriculture, Construction, Others
White
Automotive
Consumer goods, Packaging, Agriculture, Construction, Others
Color
Automotive
Consumer goods, Packaging, Agriculture, Construction, Others
Additive
Automotive
Consumer goods, Packaging, Agriculture, Construction, Others
Masterbatch Market By End-user
Automotive
Consumer goods, Packaging, Agriculture, Construction, Others
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We presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
Data Tables
TABLE 1 Masterbatch industry 360 degree synopsis, 2013 - 2024
TABLE 2 Global masterbatch market (Volume & Revenue), 2013 - 2024
TABLE 3 Global masterbatch market, by end-users, (Kilo Tons), 2013 - 2024
TABLE 4 Global masterbatch market by end-users, (USD Million), 2013 - 2024
TABLE 5 Global masterbatch market by end-user , (Kilo Tons), 2013 - 2024
TABLE 6 Global masterbatch market by end-user , (USD Million), 2013 - 2024
TABLE 7 Global masterbatch market by region (Kilo Tons), 2013 - 2024
TABLE 8 Global masterbatch market by region (USD Million), 2013 - 2024
TABLE 9 Industry impact forces
TABLE 10 Global masterbatch market for black by end-user (Volume & Revenue), 2013 – 2024
Continued@..............
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