DUBLIN, Feb. 3, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/ltnjnq/masterbatch) has announced the addition of the "Masterbatch Market by Type (White, Black, Color, Additive, Filler, and Others) and by Application (Packaging, Building & Construction, Automotive, Consumer Goods, Textile, and Others) - Global Trends & Forecasts to 2020" report to their offering.
The masterbatch market is projected to reach USD 12.61 Billion by 2020, registering a CAGR of 7.0% between 2015 and 2020.
The global masterbatch market is driven by increased demand from the end-use industries such as packaging, building & construction, consumer goods, automotive, and textiles. Asia-Pacific, with its growing economy and rapidly expanding commercial and industrial base is projected to witness the highest growth in the masterbatch market between 2015 and 2020.
Automotive is the fastest-growing market for masterbatch. Plastics are commonly used in the automotive industry for vehicle interiors. Lately, the use of plastics for exterior applications has also increased. Some of the vehicle components made of plastics are bumpers, seating, dashboards, windows, screens, light covers, air bags, insulation, seat belts, and door panels. Thus, the increasing use of plastics in the automotive industry is driving the demand of masterbatch. Moreover, the growing automotive industry is also driving the masterbatch market in Asia-Pacific and South America.
Additive masterbatch is the fastest-growing type of masterbatch. It helps enhance the processing of plastics and reduces costs. The additive masterbatch market has high growth potential as it adds a number of properties to plastics. The high growth rate of the market is attributed to the growth of end-use industries. The additive masterbatch market is also witnessing innovation and emergence of smaller players.
Asia-Pacific is the largest masterbatch market and is also projected to have the highest growth during the forecast period. This is on account of the growing demand from the end-use industries such as packaging, building & construction, consumer goods, automotive, and textiles. The growth of the vast middle class population, increasing urbanization, and consumerism are the key drivers of these industries. The economic development in the region has given rise to significant industrialization and growth of the manufacturing sector. Government policies for manufacturing, emission control, and producing environmentally friendly products are all contributing to innovations in the plastics and related industries.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Masterbatch Market, By Type
7 Masterbatch Market, By Application
8 Masterbatch Market, By Region
9 Competitive Landscape
10 Company Profiles
- A. Schulman, Inc. - Ampacet Corporation - Cabot Corporation - Clariant AG - Hubron (International) Ltd. - Kunststof-KEMI Skandinavia A/S - Plastika Kritis S.A. - Polyone Corporation - Tosaf Group
For more information visit http://www.researchandmarkets.com/research/ltnjnq/masterbatch
Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets