Solid Masterbatches Market to Cross US$28.76 bn by 2022, says TMR

1. Solid Masterbatches Market to Cross US$28.76 bn by 2022, says TMR Global Solid Masterbatches Market: Snapshot The ongoing industrial rise across the world is influencing the demand for a number of products, including masterbatches, which are utilized for coloring and improving other properties of polymers, such as flame retardation, antistatic, UV stabilizing, and anti- locking. Primarily, masterbatches are available in solid or liquid state as a mixture of pigments or additives, wherein, solid masterbatches are reporting a strong demand, globally. Read More Report Overview @ https://www.transparencymarketresearch.com/solid-masterbatches-market.html The global market for solid masterbatches has witnessed substantial growth in the recent times. The significant rise in the packaging, medical and healthcare, and the automotive industries is reflecting greatly on the demand for solid masterbatches across the world. Additionally, the augmenting demand for plastics from the construction and the luxury goods packaging sectors likely to drive this market considerably over the next few years. Researchers anticipate the opportunity in this market to account for more than US$22 bn by the end of 2017. The market is expected to further augment at a CAGR of 5.20% between 2017 and 2022 and reach a value of US$28.76 bn by 2022. Engineering Plastics to Emerge Most Valued Product Solid masterbatches are available in a number of types across the world, including engineering plastics, mineral-filled, PET, polyolefin, polypropylene, and additives. Among these, engineering plastics is the most valued product and is anticipated to remain so over the next few years, with an estimated revenue contribution of US$8.09

2. bn by the end of 2022. Other products are also projected to register a steady rise in their demand in the years to come. The Packaging, automotive, aerospace, marine, cosmetics and pharmaceuticals, electronics and electrical, construction, and consumer products industries have surfaced as the key application areas for solid masterbatches. Of these, the demand for these masterbatches is much higher in the automotive and the packaging industries, which is likely to remain high due to the ongoing technological advancements in both the industries. Rising Demand for Bio-plastics to Maintain Strong Growth of Europe Solid Masterbatches Market The global market for solid masterbatches is spread across Europe, Asia Pacific (APEJ), North America, the Middle East and Africa (MEA), and Japan. Among these, Europe has surfaced as the leading regional market for solid masterbatches. The significant rise in the demand for contamination-free packaging for pharmaceutical products and bio-plastics is the key factors behind the tremendous growth of the Europe market for solid masterbatches. This regional market is projected to continue on the top over the period from 2017 to 2022, rising at a CAGR of 5.0% due to the augmenting demand for light weight vehicles and the considerable rise in plastic manufacturing. North America is also reporting a high rise in its market for solid masterbatches. By the end of 2017, the North America market for solid masterbatches is anticipated to reach US$4.9 bn. With a large pool of players, this regional market is expected witness steady growth over the forthcoming years. Amongst other regional markets, Asia Pacific is projected to offer lucrative growth opportunities in the near future on account of the soaring demand for plastic in the construction and the automotive industries.\ Request For Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id =30872

3. The global market for solid Masterbatches demonstrates a highly competitive structure. POLYONE Corp., Clariant AG, Ampacet Corp., A. Schulman, Techmer, BASF SE, Cabot Corp., FERRO-PLAST S.r.l., Marval industries Inc., RTP Co., Uniform Color Co., Americhem, and Standridge Color Corp. are some of the key companies in this market.