© 2018 Global Market Insights, Inc. USA. All Rights Reserved Masterbatch Market Growth Drivers in 2017 & Challenges by 2024

Global Market Scenario of Masterbatch Market  The swift emergence of Masterbatch Market on the global business landscape can primarily be attributed to the ever-rising demand for masterbatches in a host of end-user sectors including automotive, agriculture, consumer goods, construction, and packaging among others. The rapid expansion of these end-user industries has, in turn, vigorously augmented the pace at which the masterbatch industry has been progressing in the recent times.Masterbatch Market  Moreover, in a bid to enhance the quality of the existing bio-degradable masterbatches, which are predominantly utilized to manufacture agricultural films, a range of prominent masterbatch industry participants have been initiating a sizeable number of research and development activities which has further embellished the growth potential of this business space.  As a consequence of the aforementioned factors, the overall masterbatch market has, of late, been garnering considerable recognition as one of the most fledgling and promising verticals of the worldwide polymers and advanced materials industry. Testament of the fact is the research report compiled by Global Market Insights, Inc., which records that the global masterbatch industry garnered a total remuneration in excess of USD 9 billion in 2016 and is set to grow at an impressive CAGR of over 5.4 percent over the estimated time frame. © 2018 Global Market Insights, Inc. USA. All Rights Reserved

 The consistent research and development activities being undertaken to develop advanced tech has eventually improved the application of polymers as an alternative to traditional auto parts made of metal. This has necessitated the increased production of polymer auto parts in the automotive industry, given that they provide better durability and high strength. Moreover, the massive investments being made to develop electric vehicles would further drive the masterbatch market size expansion.  Owing to the aforementioned factors, the automotive industry, out of all end-user industries, seized the highest masterbatch market revenue share of about USD 6.3 billion in the year Furthermore, as per reliable estimates, the masterbatch industry size for automotive sector is projected to surpass a CAGR of 5.8 percent over the next seven years. Continue:- © 2018 Global Market Insights, Inc. USA. All Rights Reserved

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 Concurrently, it is rather imperative to take note of the fact that the leading industry participants appear to be optimistic pertaining to the prospective growth of the global masterbatch market size.  Apparently, as a result of the increased optimism, it is being observed that a number of preeminent market players have been investing heavily to expand their current production capacities to cater the growing product demand from the diverse end-use industries arena. 360° Industry Analysis © 2018 Global Market Insights, Inc. USA. All Rights Reserved Request for customization:

Regional Analysis:  The US based plastics material and resin manufacturing firm A. Schulman, for instance, has recently made it to the headlines for expanding its current capacity for color masterbatch production in Europe. The firm, regarded as one of the major masterbatch industry players, has reportedly announced to add three additional extruders to its manufacturing plants in Italy, Hungary, and Poland. This expansion, according to industry analysts would complement the firm’s existing manufacturing facilities and competence centers where customized color masterbatches are developed. Needless to say, this proactive move by A. Schulman would undoubtedly boost the masterbatch market size in Europe.  Switzerland headquartered specialty chemicals manufacturer, Clariant has recently inaugurated its new cutting-edge masterbatch production plant in Saudi Arabia. The facility, a joint venture between Clariant and the Kingdom’s leading plastic products manufacturer Rowad, is being built in Yanbu Industrial Zone and would chiefly focus on white masterbatches production. The additional capability would allow the firm to accentuate its profitability quotient and extend its masterbatch market share in the Middle East and Africa region. © 2018 Global Market Insights, Inc. USA. All Rights Reserved Make An Inquiry To Purchase This

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