Market Research Future published a research report on “Middle East & Africa Color Masterbatch Market - Trends & Forecast, 2016-2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Market Synopsis of Middle East & Africa Color Masterbatch Market
Color masterbatch is a mixture of pigments or additives which are compressed during heat process into a carrier resin. Then the mixture is cooled and cut into granular shape. Masterbatch is solid additive which is processed to color raw polymer during plastic manufacturing process. MEA color masterbatch has seen a potential growth over the past few years due to the increasing number of small and medium scale producers and several key manufacturers focus shifting towards MEA market. Increasing demand from plastic and consumer goods industries have propelled the demand for color masterbatch in MEA market. Color masterbatch market is mainly focused due to the growing application industries such as packaging, automotive, consumer goods & retail, textile agriculture, building & construction and others.
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Geographically, Africa region has accounts the largest market in terms of value and volume followed by Africa region. Followed by GCC and other countries. Black masterbatch is one of the most consumed type of color masterbatch followed by standard color masterbatch and white masterbatch.
Cabot Plastics International
The Middle East & Africa Color Masterbatch Market has been segmented into types, carrier resin and application.
- Black Masterbatch
- Standard Color Masterbatch
- White Masterbatch
- Additive Masterbatch
- Filler Masterbatch
By Carrier Resin
- Polyethylene (PE)
- Polypropylene (PP)
- Polystyrene (PS)
- Consumer Goods & Retail
- Building & Construction
- MEA color masterbatch market is projected to reach USD 413.2 million by 2027 with 6.35% CAGR during review period of 2016-2027
- Africa region accounted for largest share due to growing application industries in this region
- Among types, Black Masterbatch has acquired the market share of 26% in 2015 with the market value of USD 53.1 million in 2015 growing at a CAGR of 7.31% till forecast period.
- Among applications, packaging industry emerged as the leading application industry in MEA color masterbatch market.
The report for MEA color masterbatch market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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