The global masterbatchesmarket size is likely to reach USD 13.32 billion by 2026 owing tothe rising number of building and construction activities worldwide.
Masterbatches are a liquid or solid additive used for painting or for imparting
various properties to the plastics. Coloring masterbatches are utilized for
coloring or shading plastic items. It can also be used for conveying properties
such as UV Stabilizer, antioxidant, effect, energy, and bio-degradable.
A recent report by Fortune Business Insightsoffers insights into the market and its prime growth trajectories. As per the
report titled, “Masterbatches Market Size, Share & Industry Analysis, ByType (White, Black, Color, Additive, and Fillers), By Polymer (Polyethylene,
Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others), and
By End-Use (Packaging, Building & Construction, Consumer Good, Automotive,
Agriculture, and Others), and Regional Forecast, 2019-2026,” the value ofthe market was USD 10,991.04 Million in 2018 and is likely to exhibit a CAGR of
5.3% during the forecast period, 2019 to 2026.
What is the Scope of the Report?
The report isbased on an in-depth analysis of the market and offers a comprehensive ve
overview of the same. The report focuses on factors boosting, repelling,
challenging, and creating opportunities for the market. It also discusses the
table of segmentation of the market based on factors such as type, polymer, end-use,
and geography and lists the names of the leading segment with its attributed
factors.
Market Drivers
Rise in Demand for Plastic from Pharmaceutical Industry forPackaging will Bolster Growth
Various factorsare responsible for the global masterbatches market growth. These include the rise
in construction activities for all residential, commercial, and industrial
purposes, increasing demand for automobiles, especially lightweight vehicles,
and the increasing preference for plastic goods worldwide. On the contrary,
factors such as the fluctuating price of raw materials such as titanium
dioxide, polymers, and others with a high volatile nature may pose a major
challenge to the overall market.
Regional Segmentation
Asia Pacific to Continue Dominance with IncreasingConsumer Expenditure on Infrastructural Development
In2018, Asia Pacific emerged dominant in the market with a revenue of USD
3,998.14 Million. This is attributed to the high demand for packaging from key
economies such as China, India, and Taiwan. Besides this, the rise in consumer
expenditure on power and the increasing demand for plastic goods will also help
promote the regional market in the forthcoming years. Furthermore, the rapid
growth of packaging, consumer goods, and automotive companies and the rise in
agriculture sectors is anticipated to help this region continue dominating the
market in the coming years.
