Color Masterbatches to reach US$9.8 bln by 2021

摘要

BURGEONING demand for plastics along with declining feedstock prices are together set to drive the Asia-Pacific (APAC) Color Masterbatches Market to US$5.1 bln & Global Market to US$9.8 bln by 2021, as per Industry ARC, at a CAGR of around 11.8% while the market volume is estimated to reach 3.2KT by 2021.Among all the applications, textile industry has the highest CAGR of 17.1% for the forecast period 2016 to 2021. Food and Beverage industry held the major share in the color masterbatches market for 2015, accounting for almost 41%, which was followed by Electronics appliances with a share of 21 %.