![Global Masterbatch Market](https://res.cloudinary.com/devmoveo/image/upload/v1676551272/skyquest/gallery/Global-Masterbatch-Market.jpg)
Report ID: SQMIG15E2169
Report ID:
SQMIG15E2169 |
Region:
Global |
Published Date: February, 2024
Pages:
272
|
Tables:
97 |
Figures:
80
In terms of revenue, Asia Pacific accounted for more than 30.0% of the total in 2021. The presence of a number of end-use industries, such as automotive and transportation, packaging, building and construction, and consumer goods, can be attributable to the rising demand. Over the next eight years, the expansion of these industries is expected to boost demand for the product.
Europe was the second-largest regional market in terms of revenue in 2021, and this trend is expected to continue throughout the forecast period. The rapid rise of the packaging, consumer goods, automotive, and transportation industries, together with the expanding building and construction, and agriculture sectors in Asia Pacific, which are among the primary end-use sectors for the product, is expected to boost the market.
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REQUEST FREE CUSTOMIZATIONMasterbatch Market size was valued at USD 4554.74 million in 2019 and is poised to grow from USD 4855.35 million in 2023 to USD 8067.45 million by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).
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Report ID: SQMIG15E2169