Although color masterbatch have a large number of advantages, the most important is their versatility. The increasing need for plastic and packaging across all modern applications is driving the growth of color masterbatch market. This has also resulted in the development of newer and improved application and performance properties; color masterbatch that are fast, easy, and low cost are in demand. Such newly developed color masterbatch include fast curing white, black and standard color masterbatches.
- MEA color masterbatch market is projected to reach USD 413.2 million by 2027 with 35% CAGR during review period of 2016-2027
- Africa region accounted for largest share due to growing application industries in this region
- Among types, Black Masterbatch has acquired the market share of 26% in 2015 with the market value of USD 53.1 million in 2015 growing at a CAGR of 7.31% till forecast period.
- Among applications, packaging industry emerged as the leading application industry in MEA color masterbatch market.
Request a Sample Copy @ https://www.marketresearchfuture.com/sample_request/2968
Key Market Players
The key players in MEA color masterbatch market report included are
- A Schulman,
- TOSAF Compounds,
- Polyplast Müller,
- Polyone Corporation,
- Clariant Masterbatches,
- Cabot Plastics International,
- Ampacet Corporation,
- Ferro Corporation
- Astra Polymers.
MEA color masterbatch market has seen a potential growth over the past few years. MEA color masterbatch market was valued at USD 205 million in 2015 which is poised to reach USD 119.5 million by the end of forecast period. Whereas the market demand was estimated at 124 thousand tons in 2015 and is expected to reach 221.9 thousand tons by the end of forecast period. In the MEA region, Africa has accounted the market share of 42% in 2015 followed by GCC countries.
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Middle East & Africa Color Masterbatch Market – Trends & Forecast, 2016-2027”
Market Segmentation Analysis
MEA color masterbatch market has been segmented into type, carrier resin and application. Among types, the market has been divided into Black Masterbatch, Standard Color Masterbatch, White Masterbatch, Additive Masterbatch and Filler Masterbatch. Black masterbatches has accounted the largest market in terms of value and volume. This market was valued at USD 55.0 million in 2015 which is projected to reach USD 119.5 million by 2027 with a CAGR of 7.31%. The major reason behind this exponential growth is due to the increasing number of small and medium scale producers and several key manufacturers focus shifting towards MEA market and increasing demand from plastic and consumer goods industries have propelled the demand.
For further information on this report, visit @ https://www.marketresearchfuture.com/reports/renewable-energy-market-1515
From the application side, the market has been segmented into packaging, automotive, consumer goods & retail, textile agriculture, building & construction and others. Among these applications, packaging is the leading application where color masterbatch are consumed most. Color masterbatch are majorly used in the production of plastic packaging. The major raw materials used in its production are polyethylene and polypropylene. The MEA plastic market has seen a humongous growth across the globe since past few years. As per the analysis, the MEA plastic market is expected to touch USD 90 billion by 2027 and other side, the MEA plastic packaging market is expected to touch USD 45 billion by 2027, which implies that in the coming future there would be a massive growth of plastic from the different industries which would increase the need of plastic from its several application industries and simultaneously, the plastic packaging industry would also grow at a higher growth rate. Other applications such as automotive, consumer goods, textile industry are a major consumer of color masterbatch in MEA.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
+1 646 845 9312