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The global market for masterbatch is set to reach USD 11,903.45 million by the end of 2023, asserts Market Research Future (MRFR). MRFR analysis also concludes that the global market is expected to grow at a CAGR of 5.54% during the forecast period (2018-2023). The future of the global market is likely to be lucrative owing to opportunities in numerous end-use industries, which include packaging, building and construction, consumer goods, transportation, electrical and electronics, and textile.
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MASTERBATCH MARKET 2020 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2025 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
MASTERBATCH MARKET 2020 Masterbatch Market 2020: Industry Survey, Growth, CompetitiveLandscape and Forecasts to 2025 The global market for masterbatch is set to reach USD 11,903.45 million by the end of 2023, asserts Market Research Future (MRFR). MRFR analysis also concludes that the global market is expected to grow at a CAGR of 5.54% during the forecast period (2018-2023). The future of the global market is likely to be lucrative owing to opportunities in numerous end-use industries, which include packaging, building and construction, consumer goods, transportation, electrical and electronics, and textile. Moreover, growing demand for plastic as substitutes for various materials like metal, concrete, and steel in various end-use industries has worked tremendously in favor of the market. Further, emerging trends like increasing demand of anti-shrinkage and flame retardant masterbatches for polypropylene (PP) pipes and polycarbonate (PC) sheets have had a direct impact on the dynamics of the global market, propelling the market growth. On the flip side, strict government regulations to counteract the production of non-biodegradable materials are presumed to curb the market growth. However, looking at the current market scenario, it is safe to say the market is well on its way to higher levels on account of shifting consumer trend from sedentary to a healthier lifestyle. This trend, in particular, gives rise to growing demand in the packaged food and other retail products, as it helps address various concerns regarding unhealthy packaging like contamination of contained food. Also, rapid urbanization along with increasing standard of living of people in developing nations is expected to be highly instrumental for the market growth in the coming years. www.marketresearchfuture.com
MASTERBATCH MARKET 2020 Study Objectives of Masterbatch Market: • By type, the market is segmented on the basis of color, white, black, and additive. • Among these, the color masterbatch segment captured the largest share of the market in 2017 and projected to value USD 4202.4 million by the end of 2023. • One of the main factors responsible for this growth is the excellent color distribution of color masterbatch throughout the final plastic product. Moreover, color masterbatches are easy to store, feed, and handle, when compared to powdered form pure colorants, a characteristic likely to propel its demand and drive the market growth. Enquiry of the Report: https://www.marketresearchfuture.com/enquiry/5578 www.marketresearchfuture.com
MASTERBATCH MARKET 2020 Regional Analysis Global Masterbatch Market has been studied with respect to five key regions – Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific dominated the global market in 2017 with a 42.78% share and expects to reach USD 4,782.10 million by the end of 2023. The market in the region is presumed to grow at a modest CAGR of 6.13% on account of increasing demand for masterbatch in the packaging industry. Moreover, the growth trajectory can also be attributed to demand from the established automotive and transportation industry in the region. Rising consumer awareness coupled with favorable government initiatives in developing economies such as China, India, Malaysia, and South Korea have fueled the market growth as well. Browse Report @ https://www.marketresearchfuture.com/reports/masterbatch-market-5578 www.marketresearchfuture.com
MASTERBATCH MARKET 2020 Application & Major Players in this Research: Masterbatch Market Prominent Players: According to MRFR analysis, the key players in the global Masterbatch market are A. Schulman, Inc (US), Cabot Corporation (US), Clariant (Switzerland), PolyOne (US), PlastikaKritis SA (Greece), Ampacet corporation (US), Americhem, Inc (US), Astra Polymers (Saudi Arabia), ALOK (India), Hubron International (UK), GABRIEL-CHEMIE Group (Austria), Prayag Polytech (India), DongGuanHengCai Plastic Pigment Ltd (China), Plastiblends (India), POLYPLAST (Germany), GCR Group (Spain), Tosaf (Israel), RTP Company (US). Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/5578 www.marketresearchfuture.com
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