24-Nov-16 Burgeoning demand for plastics along with declining feedstock prices are together set to drive the Asia-Pacific (APAC) Color Masterbatches Market to US$5.1 bln & Global Market to US$9.8 bln by 2021, as per IndustryARC, at a CAGR of around 11.8% while the market volume is estimated to reach 3.2KT by 2021.Among all the applications, textile industry has the highest CAGR of 17.1% for the forecast period 2016 to 2021. Food and Beverage industry held the major share in the color masterbatches market for 2015, accounting for almost 41%, which was followed by Electronics appliances with a share of 21%.
The global market size in 2015 was US$4.7 bln and is dominated by APAC, which is poised to exhibit the fastest growth due to favorable macroeconomic conditions. China is the largest Color Masterbatches market with a share of 18% currently and has overtaken the U.S as the world's leading market of color masterbatches. The Color Masterbatches market in the North American region is however anticipated to grow at a CAGR of 9.5% during the forecast period 2016 to 2021.
The number of manufacturers across the world for Color Masterbatches has increased manifold. These manufacturers are actively investing in scaling up their position in the market and are able to attract profitable deals. Some of the major players are:
The overall Color Masterbatches market is characterized by large number of companies but top three companies account for 55% market share due to the wide distribution network and brand reputation. Rapid developments in emerging countries and use of innovative products and materials in coloring plastic have supported the growth of Color Masterbatches additives markets.
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