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Press Release / Blogging & Social Media / Global masterbatch market is expected to reach $10.9 billion by 2022

Global masterbatch market is expected to reach $10.9 billion by 2022

By Lucintel on August 03 2017 | 213 Views

The global masterbatch market is expected to reach an estimated $10.9 billion by 2022 and it is forecast to grow at a CAGR of 4.2% from 2017 to 2022.

According to a new market report published by Lucintel, the future of the global masterbatch market is attractive with opportunities in various end use industries, including packaging, building and construction, consumer goods, transportation, electrical and electronics, and textiles industries. The global masterbatch market is expected to reach an estimated $10.9 billion by 2022 and it is forecast to grow at a CAGR of 4.2% from 2017 to 2022. The major driver for growth of this market is increasing demand for plastic as substitutes for various materials like metal, concrete, and steel in various end use industries.

In this market, packaging, building and construction, consumer goods, transportation, electrical and electronics, and fiber and textiles are the major end use industries. On the basis of its comprehensive research, Lucintel forecasts that the packaging is expected to remain the largest segment by value and volume and will experience the highest growth over the forecast period supported by increasing consumption of packaged consumer goods...Read more
http://www.lucintel.com/masterbatch-market-2017-2022.aspx



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