|
|
|
Construction Industry News Releases
|
Home | Submit Press Release | Advertise | Submit Website
(Construction.IndustryNews247.Com, June 14, 2019 ) According to the new market research report "Masterbatch Market by Type (Color, Additive, White, Black, Filler), Polymer (PP, LDPE & LLDPE, HDPE, PVC, PET, PUR, PS), Application (Packaging, Building & Construction, Automotive, Consumer Goods, Textile, Agriculture) - Global Forecast to 2023", published by MarketsandMarkets™, the Masterbatch Market size is projected to reach USD 14.0 billion by 2023, at a CAGR of 5.0%, from an estimated USD 11.0 billion in 2018. The global masterbatch market is mainly driven by the increasing demand for plastics in varied applications, the replacement of metal, concrete, and steel goods with lightweight plastics, and the preferred coloring plastics in most of the industrial sectors, such as automotive, consumer goods, and building & construction.
Request for PDF of Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=168014686
The color type segment of the market is projected to register the highest CAGR, in terms of value, during the forecast period.
The color type segment is projected to register the highest CAGR, in terms of value, between 2018 and 2023. The dominance of color is projected to grow owing to its increasing use in various applications such as packaging, building & construction, automotive, consumer goods, agriculture, and textile, among others. The growth of the color masterbatch market is primarily triggered by the rising demand from the packaging segment.
Replacement of metals with plastics in automotive application drives the masterbatch market
The market in the automotive application segment is projected to register the highest CAGR, in terms of value, between 2018 and 2023. Plastics provide superior mechanical, physical, thermal, and electrical properties than those of metals. Engineering plastics are widely used in the automotive application for various components such as steering wheel, airbags, seatbelts, bumpers, and dashboards. Continuous innovation and demand for lightweight materials in the automotive industry are leading to the replacement of metals with plastics.
Don't miss out on business opportunities in Masterbatch Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=168014686
Browse in-depth TOC on "Masterbatch Market"
123 – Tables
44 – Figures
153 – Pages
APAC is estimated to be the largest market for masterbatch during the forecast period.
The Masterbatch Market has been studied for North America, Europe, APAC, South America, and the Middle East & Africa. The APAC market is projected to register the highest CAGR, in terms of value, during the forecast period. The growth of the masterbatch market in the region is attributed to the increased demand for packaging products, along with the increasing middle-class population which ultimately drives the masterbatch market.
Get this report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=168014686
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
MarketsandMarkets™
Mr. Shelly Singh
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
|
|
|
|
Construction News by Sector
|
|
|
|
Industrial News TV
|
