According to a latest study titled “Global Market Study on Color Masterbatches: Europe to Dominate the Global Market in Terms of High Market Share” added recently into the database of Market Research Hub (MRH), the global market of color masterbatches is expected to exhibit a 5.1% CAGR during the forecast period from 2017 to 2022. The comprehensive report focuses on analyzing the entire global color masterbatches market right from examining its historical trends to evaluating future prospects.
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The detailed study on global color masterbatches market begins with an executive summary focusing on providing key information to the readers such as market share. The next section market overview shares basics of the market such as market definition and market taxonomy followed by market share from 2012 to 2016 and forecasts 2017 to 2022. This section also evaluates year-on-year growth of the market and also throws light on very important other aspects of the market such as market dynamics, cost structure and supplier list. There are various factors that drive the market as well as restrain the growth of the global color masterbatches market. As per market overview section in the report, the numerous benefits of color masterbatches is what is driving the global color masterbatches market. The color masterbatches provide good control on opacity and transparency of the product and also they are easy to handle.
For in-depth analysis, the report has segmented the global color masterbatches market into product type, end user, application and region. The product type segment is further sub-segmented into standard color, tailor-made color and specialty color. The end user segment is bifurcated into packaging, automotive, aerospace, marine, cosmetics & pharmaceuticals, electronics & electrical, construction, consumer products and others.
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According to the report, the packaging industry is a major influencer as well as contributor to the growth of the global color masterbatches market as it has showed strong potential in the past few years. The application segment is divided into nucleating agent additives, scratch and mar additives, slip agent additives, antistatic agent additives, oxygen barrier additives, flame retardant additives, antioxidant additives and others.
The market is divided into key regions geographically that are North America, Europe, Latin America, Asia Pacific Excluding Japan, Japan and Middle East and Africa. For all these segments, the details of analysis are shared in terms of market size and forecast 2012 – 2022 and comparison with revenue and year-on-year growth. According to the report, the Europe region has high demand and production for color masterbatches and had also led the market during 2016. It further says that Europe will continue to contribute in the growth of global color masterbatches market and expected to deliver a 4.7% CAGR during the assessment period.
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