Demand for major ingredients in the world is expected to reach $12.1 billion in 2019, especially in the Asia Pacific region. According to a report by global market research expert MarketsandMarkets, in 2013, Asia Pacific, North America and Europe accounted for the largest share of the global masterbatch batch market, with consumption exceeding 85%.
China is the world's largest consumer of color masterbatch, and it is expected that by 2019, the average annual consumption growth rate will exceed the global average. The United States is also the world's second largest producer of raw materials.
The main consumer goods of masterbatch products are automobiles, construction, packaging materials, consumer goods, wire and cable, and various electronic products. Increasing GDP and rapid industrialization, emerging manufacturing and industrial bases, plastic products and components, due to demand for masterbatch and other consumer products and packaging, and maintaining rapid growth through the recent global economic downturn depends on many factors and use zoom.
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