Words of Wisdom:

"Always bear in mind that your own resolution to succeed is more important than any one thing. Abraham Lincoln" - The_god_damned

Asia-Pacific Masterbatch Market

  • Date Submitted: 04/26/2016 03:22 AM
  • Flesch-Kincaid Score: 27.6 
  • Words: 613
  • Essay Grade: no grades
  • Report this Essay
Masterbatches are concentrated mixtures of pigments and additives, used for coloring and imparting specific properties to polymers. They are prepared by encapsulating pigments in carrier resins, which are then cut into granular shape or kept in liquid state (liquid masterbatch), and later processed with base polymer. Based on their use and appearance, masterbatches are classified into four major types - black, white, color and additive, which are used for diverse applications. Black masterbatch segment dominated the Asia-Pacific masterbatch market with more than one third revenue in 2015. The segment is forecast to continue its dominance over the next five years as well on account of growing demand from building and construction sector, which is growing at a robust pace, and increasing applications in automotive sector. In Asia-Pacific region, highest demand for black masterbatch is being witnessed from China, predominantly due to rapidly growing end user industries.

According to “Asia-Pacific Masterbatch Market By Type, By Country, Competition Forecast and Opportunities, 2011 - 2021”, the Asia-Pacific masterbatch market is projected to grow at a CAGR of over 9.7% during 2016-2021. Growth in the market is anticipated on account of increasing demand from various end user segments, such as packaging, automotive, consumer appliances, electronics, etc. In order to leverage high growth opportunities offered by the region, major companies, such as Ampacet, A. Schulman, and Clariant, are increasing their focus on China and India. With a growing number of plastic processing units in Asia-Pacific region, especially in China and India, the demand for masterbatches has been increasing at a robust pace, and the same trend is anticipated to continue over the next five years as well. Apart from plastic industry, high demand for masterbatches is being witnessed from other industries, such as packaging, construction, automotive and consumer appliances. “Asia-Pacific...

Comments

Express your owns thoughts and ideas on this essay by writing a grade and/or critique.

  1. No comments