Pune, India -- (SBWIRE) -- 08/31/2018 -- Geographically, the Global Masterbatch Market is divided across the five key regions: Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Among these regions, Asia Pacific is projected to dominate the market. The region is estimated to hold over 40% share of the global market. The major contributors to the market in this region are China, India, Japan, and South Korea. China alone accounted for the largest share of the regional market. Following China, India, and South Korea are significantly contributing to the Masterbatch Market in this region. Increasing infrastructure development activities on the backdrop of huge government and private investment in construction activities are considerably driving the growth of the market. Moreover, with a steadily rising population, the demand for consumer goods is continuously increasing. Changing lifestyle, increasing standards of living and disposable income of the people in emerging economies of this region is also favoring the growth of the regional market. The Chinese government has launched ambitious belt and road initiative called One Belt One Road (OBOR), which involves integrating and developing modes of transportation among Asia and Europe to propel regional integration and increase trade. This is likely to influece the market growth positvely. In addition to the building & construction industry, the automotive industry of this region is witnessing significant growth with increasing demand for passenger cars and lightweight electric vehicles around the world. Also, the major automotive manufacturers are shifting their production activities to this region due to numerous investment reforms made by the countries in this region.

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Europe is the second most significant region in the Global Masterbatch Market. The major markets in this region are The U.K., Germany, Italy, and France. The automotive industry in this region is the largest consumer of the Masterbatch due to increasing demand for the lightweight materials in the vehicle to make it fuel efficient.

North America is another substantial market in the Global Masterbatch Market. The U.S. is the largest market in this region due to vast consumer base, the significant presence of major market players and growing demand from packaging industry.

Lastly, the Middle East & Africa and Latin America are witnessing considerable growth with a steady rise in industrialization.

Key Players

The prominent players operating in the Global Masterbatch Market are Cabot Corporation (U.S.), PLASTIKA KRITIS S.A. (Greece), Polyone Corporation (U.S.), Clariant AG (Switzerland), Ampacet Corporation (U.S.), A. Schulman, Inc. (U.S.), Plastiblends India Ltd. (India), Tosaf Group (Israel), Hubron International (U.K), and Penn Color, Inc. (U.S.).

Segmentation

The Global Masterbatch Market is segmented on the basis of Type, Polymer, End-Use Industry and Region.

Based on the Type, the market is divided into color, additive, black, white, and filler.

On the Basis of the Polymer Type, the Global Masterbatch Market is categorized into polypropylene (PP), polyethylene (PE), Polyvinylchloride (PVC), Polyethylene Terephthalate (PET), polystyrene (PS), and others.

By the End Use Industry, the market is further classified into packaging, automotive, building & construction, consumer goods, agriculture, textile, and others.

Geographically, the Global Masterbatch Market is divided into five major regions: North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America.

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