Boston, MA -- (SBWIRE) -- 11/26/2014 -- Masterbatch Market by Type (White, Black, Color, Additive, Filler), and Application (Packaging, Building & Construction, Automotive, Consumer Goods, Textile, and Others) - Global Trends & Forecast to 2019

Masterbatch is a solid or liquid mixture of additive or pigments used for coloring or enhancing other properties of polymers, such as UV stabilizing, flame retardation, antistatic and antilocking. Major end-user industries for masterbatch include packaging, building & construction, automotive, consumer goods, textiles, agriculture, and furniture. Steady economic growth, rapid pace of industrialization, increasing production of plastic products and components, packaging products and continuous penetration of masterbatch vis-a-vis competing coloring methods remain the key driving forces in the market.

Region-wise, Asia-Pacific and South America are leading the global market. Growth in Asia-Pacific is led by rising demand for refined raw materials and products among the region's plastic processors. Due to the region's favorable prospects, several companies are expanding in Asian countries to benefit from the low-cost structures and growing local demand for plastics and packaging. Packaging represents the largest end-use market for masterbatch. Manufacturers of consumer products are increasingly seeking packaging materials that facilitate low cost production and ensure effective storage and transportation. Demand is therefore expected to grow for advanced masterbatch that offer both functional performance and aesthetic appeal.

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The report analyzes the global masterbatch market trends and forecasts till 2019. The market size has been provided in terms of market volume (KT) and value ($million). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, products & services offered recent developments, and company strategy.

The global masterbatch market is projected to register a CAGR of 7.1% between 2014 and 2019 to reach $12.1 billion. The packaging segment, that uses masterbatch, is witnessing a CAGR of 7.5% and constitutes a significant part of the overall masterbatch market. However, the automotive segment is projected to grow at a high CAGR of 8.5% by 2019.

The masterbatch industry is moving towards investment in the implementation of technologies to produce new and high-quality products. The companies involved in this market are extensively into research and new product developments.

All these factors, along with the growing packaging, consumer goods and automotive industry, will continue to drive the demand for masterbatch.

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