Global demand for Color Masterbatches to register CAGR of almost 6% by 2027

28-Feb-17

The global Color Masterbatch market is estimated to witness high demand in near future, and is expected to reach US$7,268.3 mln by 2027 expanding with a CAGR of 5.88%, as per Market Research Future. On the basis of type, black masterbatch accounted the largest market value share of 30% in 2015 followed by Standard Color Masterbatch, White Masterbatch, Additive Masterbatch and others. On basis of application, packaging accounted for the largest market share of 34% in 2015, with a market value of US$1,292 mln and is projected to grow at the highest CAGR of 6.42% during the forecast period. The need for Color Masterbatch is gradually rising owing to factors such as, growing demand from plastic industry, growing demand of lightweight vehicles, increasing demand from APAC region due to rapid industrialization, increasing demand for specialized colors and among others. Color Masterbatch is a new type of polymer materials which is dedicated to pigments and colorants and is also known as preparation of materials or Pigment Preparation.

Key Findings include:
• Europe accounted for the largest market share of 35% in 2015, with a market value of US$1,330 mln and is projected to grow at a CAGR of 5.91% during the forecast period
• Black Masterbatch accounted for the largest market share of 30% in 2015, with a market value of US$1,140 mln and is projected to grow at a CAGR of 5.60% during the forecast period
• Packaging accounted for the largest market share of 34% in 2015, with a market value of US$1,292 mln and is projected to grow at the highest CAGR of 6.42% during the forecast period