China Masterbatch Market to Grow at Over 12% through 2020, Concludes TechSci Research

BURNABY, Canada, September 16, 2015 /PRNewswire/ --

Growing demand in packaging, automotive and building & construction industries to drive China masterbatch market through 2020 

According to recently published TechSci Research report, "China Masterbatch Market Forecast & Opportunities, 2020", the masterbatch market in China is projected to exhibit significant growth at a CAGR of over 12% during 2015 - 2020. Masterbatches are concentrated mixtures of pigments and additives, used for coloring and imparting specific properties to polymers. In order to use masterbatches for various applications, they are mixed into base polymer resins through different processes such as injection molding, film extrusion, fiber extrusion, profile extrusion, pipe extrusion, calendaring, blown film extrusion, etc. Based on their use and appearance, masterbatches are classified into four major types- black, white, color and additive masterbatches, which are used for diverse applications.

     (Logo: http://photos.prnewswire.com/prnh/20140117/663730 )

Over the past five years, China has evolved from being a masterbatch importer to becoming a masterbatch exporting country. Growth in China masterbatch market is anticipated on account of continuously rising demand from major end use industries including packaging, building & construction, and automotive industries. Moreover, masterbatch consumption for packaging has increased significantly in China over the last five years due to rising popularity of small pack sizes, expanding sales and distribution network of plastic processors and plastic products, as well as growing flexible packaging market.

"Owing to increasing consumer interest in product aesthetics and rising concern towards the environment, the demand for color masterbatches and additive masterbatches is surging in the packaging industry. While color masterbatches impart attractive colors to packages, additive masterbatches enhance properties like durability, fire resistance, biodegradability, etc. Due to increasing demand for colorful and eco-friendly packaging, color masterbatch and additive masterbatch are expected to be the fastest growing segments in China masterbatch market, over the next five years." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"China Masterbatch Market Forecast & Opportunities, 2020" has evaluated the future growth potential of China masterbatch market, and provides statistics and information on market size, structure, and industry behavior. 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 major drivers, challenges and opportunities in China masterbatch market.

About TechSci Research 

TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.

Media Contact
Ken Mathews
Sales & Marketing Consultant
Contact Phone- +1 646 360 1656
Email- [email protected]

SOURCE TechSci Research

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED