Middle East and Africa Masterbatch Market By Type (White, Black, Color and Additive), By End User (Packaging, Construction, Automotive, Consumer Appliances and Others), By Country, Competition Forecast and Opportunities, 2011 - 2021
Masterbatch, a concentrated solid or liquid mix of pigments and/or additives encapsulated into a carrier polymer resin, is used to include pigments or performance-enhancing additives to natural polymers. In Middle East & Africa, masterbatches are widely used in building and construction sector, packaging industry, production of household appliances and automotive sector. Over the last five years, the masterbatch market in the MEA region has been witnessing introduction of high-quality, standardized masterbatches for use in construction, plastic and fiber industries. Based on their use and appearance, masterbatches are classified into four major types - black, white, color and additive, which are used for diverse applications. Over the last five years, white masterbatch segment dominated the MEA masterbatch market, owing to its various applications in injection molding, film extrusion, blow molding and fiber extrusion.
According to TechSci Research report “Middle East & Africa Masterbatch Market By Type, By End User, By Country, Competition Forecast and Opportunities, 2011 - 2021”, the masterbatch market in MEA is projected to grow at a CAGR of over 9% during 2016 – 2021. Increasing per capita plastic consumption, low cost of polymer production due to abundant availability of raw materials and rising demand from plastic and polymer manufacturers are some of the major factors anticipated to augment masterbatch demand in Middle East & Africa over the next five years. In 2015, the largest end user industry for masterbatch applications in MEA was the packaging industry, and the segment is projected to dominate though 2020. “Middle East & Africa Masterbatch Market By Type, By End User, By Country, Competition Forecast and Opportunities, 2011 - 2021” discusses the following aspects related to masterbatch market in MEA: