Demand for major batches in the automotive industry will also grow at a compound annual growth rate of 8.5% per annum. Packaging, construction and construction, automotive, consumer goods, textiles, agriculture and furniture will remain the main consumer markets for major batches. The main drivers behind this growth are stable economic growth, rapid industrialization, increased plastic products and parts, packaging materials and the use of masterbatches compared to other coloring methods. By region, Asia Pacific and South America may dominate the global market. Plastic molding companies in the Asia Pacific region demand higher quality raw materials and products than ever before. As the Asia-Pacific region improves, the profitability of masterbatch producers in the region has increased due to lower production costs and increased demand for plastic materials and packaging.
As a result, the demand for advanced masterbatches that provide superior functionality and aesthetic appearance is sure to grow
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