The MEA Color Masterbatch Market has seen a remarkable growth over the past year and it is expected to see the similar growth in next coming years. The several factors that has influenced the MEA market are; growing demand from plastic industry, growing demand of light weight vehicles, increasing demand from Middle East due to rapid industrialization and increasing demand of specialized colors. There are various opportunities which help the color masterbatch market to grow but on the different side there are some factors which have hampered the growth and development of this market. The factor which may hamper the growth are fluctuating prices across the region and shortage of raw materials.
- MEA color masterbatch market is projected to reach USD 413.2 million by 2027 with 6.35% CAGR during review period of 2016-2027
- Africa region accounted for largest share due to growing application industries in this region
- Among types, Black Masterbatch has acquired the market share of 26% in 2015 with the market value of USD 53.1 million in 2015 growing at a CAGR of 7.31% till forecast period.
- Among applications, packaging industry emerged as the leading application industry in MEA color masterbatch market.
Key Market Players
The key players in MEA color masterbatch market report included are
- A Schulman,
- TOSAF Compounds,
- Polyplast Müller,
- Polyone Corporation,
- Clariant Masterbatches,
- Cabot Plastics International,
- Ampacet Corporation,
- Ferro Corporation
- Astra Polymers.
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MEA color masterbatch market has seen a potential growth over the past few years. MEA color masterbatch market was valued at USD 205 million in 2015 which is poised to reach USD 119.5 million by the end of forecast period. Whereas the market demand was estimated at 124 thousand tons in 2015 and is expected to reach 221.9 thousand tons by the end of forecast period. In the MEA region, Africa has accounted the market share of 42% in 2015 followed by GCC countries.
The growing demand for color masterbatch in MEA region is quiet impressive. Africa region has emerged as the leading regions where the market is growing at a very impressive growth rate. The major reason behind this growth rate is increasing demand of color masterbatches from its application industries such as packaging, textile, consumer goods and retail. African region has been segmented into Central Africa, Southern Africa, North Africa, East Africa and West Africa. Among these regions, it has been anticipated that the number of new color masterbatches producer have increased by 15-20%,
Market Segmentation Analysis
MEA color masterbatch market has been segmented into type, carrier resin and application. Among types, the market has been divided into Black Masterbatch, Standard Color Masterbatch, White Masterbatch, Additive Masterbatch and Filler Masterbatch. Black masterbatches has accounted the largest market in terms of value and volume. This market was valued at USD 55.0 million in 2015 which is projected to reach USD 119.5 million by 2027 with a CAGR of 7.31%. The major reason behind this exponential growth is due to the increasing number of small and medium scale producers and several key manufacturers focus shifting towards MEA market and increasing demand from plastic and consumer goods industries have propelled the demand.
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Table of Content
1 Report Prologue
2 Market Introduction
2.2 Scope Of The Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.5 Market Segmentation
126.96.36.199 White Masterbatch
188.8.131.52 Standard Color Masterbatch
184.108.40.206 Black Color Masterbatch
220.127.116.11 Additive Masterbatch
18.104.22.168 Filler Masterbatch
2.5.2 Carrier Resin
22.214.171.124 Polyethylene (PE)
126.96.36.199 Polypropylene (PP)
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