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2019 masterbatch market is expected to rise to $ 12.1 billion. Packaging represents the largest end-use markets masterbatch. More and more consumer goods manufacturers began to seek either to reduce production costs, but also to ensure effective storage and transport of packaging materials.
2014 - During 2019, global masterbatch market compound annual growth rate is expected to reach 7.1%, to 2019 market is expected to rise to $ 12.1 billion. Packaging of masterbatch demand CAGR of 7.5%. Masterbatch occupies an important position in the overall market. Automotive masterbatch demand for higher compound annual growth rate will reach 8.5 percent.
Regional markets, Asia Pacific and South America in a leading position in the global market. Masterbatch demand growth in Asia-Pacific region mainly from local plastics processors continues to rise on demand for raw materials and products fine. Given the good prospects for local development, the company plans to use some of the region's low-cost structure and the demand for plastics and packaging space, in the local market expansion.
Packaging represents the largest end-use markets masterbatch. More and more consumer goods manufacturers began to seek either to reduce production costs, but also to ensure effective storage and transport of packaging materials. Therefore, the market for high-performance masterbatch both functionality and aesthetics of the demand is expected to grow.
With the increase of investment and the implementation of new technologies, new high-quality products to achieve production, which promote the development of masterbatch industry. Join the masterbatch market, companies are very focused on new product research and development.
Masterbatch is a plastic 1960s developed new products colored fiber, which is attached to the load evenly prepared polymer composite pigment extraordinary amount of resin. Masterbatch consisting essentially of a colorant, a carrier, a dispersant three parts. Masterbatch coloring is today's most commonly used plastic coloring.
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