The global growth potential depends on economic growth in developing regions such as Asia Pacific, South America and Eastern Europe. Especially in recent years the region's cheap labor in developing countries and China, according to the automobile production base, which was previously in various industries and India has become the most noteworthy market quickly. In addition, it is certain that with the increase in overseas investment and the expansion of production facilities, the company will continue to grow rapidly. The largest share of the demand for color masterbatches in the packaging of 2013 products accounts for about 40% of the total. The global demand for the masterbatch market, which is expected to be recorded in the automotive and consumer goods industries, is growing as fast as 2019.
In the next five years, the consumption of plastics for automobiles is expected to continue to increase, and the consumption of masterbatch is expected to increase rapidly.
By type, the demand and quantity of the main batch of color is the largest. In the packaging industry, almost all types of masterbatches are used, but the most widely used are color and white masterbatches.
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