The Asia-Pacific masterbatch market is projected to grow at a CAGR of over 9.7% during 2016-2021, as per Research and Markets. Growth in the market is anticipated on account of increasing demand from various end user segments, such as packaging, automotive, consumer appliances, electronics, etc.
In order to leverage high growth opportunities offered by the region, major companies, such as Ampacet, A. Schulman, and Clariant, are increasing their focus on China and India. With a growing number of plastic processing units in Asia-Pacific region, especially in China and India, the demand for masterbatches has been increasing at a robust pace, and the same trend is anticipated to continue over the next five years as well.
Apart from plastic industry, high demand for masterbatches is being witnessed from other industries, such as packaging, construction, automotive and consumer appliances.
According to the report, the masterbatch market in India is projected to surpass US$1.1 bln by 2020. Growth in the market is anticipated on account of increasing plastic and polymer consumption coupled with rising demand from packaging industry, especially flexible packaging. Segment-wise, white masterbatch dominated the country's masterbatch market in 2014 and the segment is anticipated to hold its leadership position till 2020. White masterbatch demand is increasing due to its ability to provide opacity as well as base color to the plastic used extensively in milk pouches, milk bottles, plastic bags, food material packaging and pharmaceutical packaging. The largest end use industry for masterbatch applications in India is the packaging sector and the segment is projected to dominate though 2020. "
06-May-16 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}