According to a new market report published by Lucintel, the future of the global masterbatch market is attractive with opportunities in various end use industries, including packaging, building and construction, consumer goods, transportation, electrical and electronics, and textiles industries. The global masterbatch market is expected to reach an estimated $10.9 billion by 2022 and it is forecast to grow at a CAGR of 4.2% from 2017 to 2022. The major driver for growth of this market is increasing demand for plastic as substitutes for various materials like metal, concrete, and steel in various end use industries.

In this market, packaging, building and construction, consumer goods, transportation, electrical and electronics, and fiber and textiles are the major end use industries. On the basis of its comprehensive research, Lucintel forecasts that the packaging is expected to remain the largest segment by value and volume and will experience the highest growth over the forecast period supported by increasing consumption of packaged consumer goods.

By product type, color, black, white, and additives are the major masterbatch utilized to manufacture plastic products. Color masterbatch is expected to be the largest market by value and volume because it’s used for special effect and colors to distinguish products.

By carrier resin type, polyethylene (PE), polypropylene (PP), and polystyrene (PS) are the major carrier resin utilized to manufacture masterbatch. PE resin is expected to be the largest market by value and volume due to growth in demand of PE based plastic products....Read more
http://www.lucintel.com/masterbatch-market-2017-2022.aspx