MEA Masterbatch Market to Grow at a CAGR of 9% during 2016 – 2021
Growing
demand from packaging and building & construction sectors to boost
masterbatch market in MEA region through 2021
According to “Middle East & Africa Masterbatch Market By Type, By End User, By
Country, Competition Forecast and Opportunities, 2011 - 2021”, the masterbatch market in MEA is projected to grow
at a CAGR of over 9% during 2016 – 2021. Low production
cost of polymers owing to easy availability of raw materials and less per
capita plastic consumption are creating numerous opportunities for plastic and
polymer manufacturers, consequently boosting the demand for masterbatch across Middle East and
Africa. The polymer demand in Middle East region is anticipated to grow at a
CAGR of 6%, in volume terms, during 2016-2020, in order to reach close to 20
million metric tons by 2020. Moreover, the polymer capacity in GCC is also projected
to increase from 13 million tons in 2014 to 29 million tons by 2019, thereby
anticipated to provide huge growth opportunities for masterbatch market of MEA
region over the next five years.
Browse 38 market data
Tables and 23 Figures spread through 96 Pages and an
in-depth TOC on "Middle East & Africa Masterbatch Market"
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Growth across various end user industries such as
packaging, building & construction, automotive, consumer appliances, etc.,
are also expected to boost the demand for masterbatch in the region. Moreover,
increasing demand for colorful and innovative solutions from packaging industry
and growing preference of plastic and polymers for manufacturing light weight
vehicles in automotive industry are forecast to boost demand for masterbatch in
Middle East & Africa region through 2021. Due to increasing living
standards of consumers, especially those living in Middle East, there is a huge
demand for customized decorative materials, consequently aiding the MEA masterbatch
market.
Masterbatches are manufactured by pigments, additives and carrier
resins, and are classified as white, black, color, additive and additive
masterbatches. Out of these, white
masterbatch market in Asia-Pacific region is anticipated to exhibit highest
growth rate during 2016-2021, on account of its ability to provide opacity and
base color to plastic used extensively in food & beverage and
pharmaceutical industries.
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“In 2015, Saudi Arabia is dominated the MEA
masterbatch market, and is anticipated to maintain its dominance through 2021,
as the country is the largest manufacturer of
polyethylene (PE) and polypropylene (PP) chemicals, the basic raw materials used
for manufacturing plastics. However, during 2016-2021, South Africa is
anticipated to outpace Saudi Arabia in terms of growth, owing to large polymer
production base and largest per capita consumption of plastics in Sub-Saharan
Africa region.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm
“Middle East & Africa Masterbatch Market By Type, By End User, By
Country, Competition Forecast and Opportunities, 2011 - 2021” has
evaluated the future growth potential of Middle East & Africa masterbatch
market, and provides statistics and information on market structure, industry
behavior and trends. The report includes masterbatch market projections and
demand forecasting. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities prevalent in the Middle East
& Africa masterbatch market.
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