Masterbatches Market Predicted To Value US$ 50.79 Bn By 2025

Posted by Vinay on October 20th, 2017

In a new report titled, “Masterbatches Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025),” Persistence Market Research has not only offered the forecast analysis but has also represented the historical data of the global masterbatches market. On the basis of a robust growth of CAGR- 5.9%, global masterbatches market is expected to witness tremendous growth during the projected period of 8-years, i.e. between 2017 and 2025. This growth is expected to be primarily fuelled by industrialization in developing regions and rising demand in infrastructural development. According to this report, global masterbatches market is estimated to be valued at US$ 32.8 Bn in 2017 and is expected to expand at US$ 50.79 Bn in 2025.

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On the basis of product type, the global masterbatches market is segmented into solid masterbatch and liquid masterbatch. Solid masterbatch and liquid masterbatch both are sub-segmented into functional additives, color, black, and white. With an estimated 69.5% of overall market share by value in 2017, the solid masterbatches type is the most prominent product type. Further, the rising demand for color masterbatches in wide range applications, mainly in packaging and automotive, leads to the growth of the product type segment of global masterbatches market during the forecast period. The liquid masterbatches segment is expected to expand at a CAGR of 5.8% in terms of value over the forecast period.

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