Tag: Middle East Masterbatch Market Share

Middle East Masterbatch Market Expects CAGR Growth to Approx. 7.11% by 2026 As Revealed in New Report

Report Overview:

The following report titled “Middle East Masterbatch Market: By Product Type (Black, White, Colours, Additives), By End User (Automotive, Packaging, Consumer Goods, Agriculture, Construction) and other forecast 2021-2026” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.

Middle East Masterbatch Market Summary

The Middle East Masterbatch Market is projected to grow at a CAGR of around 7.11% during the forecast period, i.e., 2021-26. The growth of the market is likely to be driven primarily by the rapidly increasing demand for plastics & consumer goods across a wide range of applications. Moreover, the surging requirements of different industries like automotive, packaging, & construction to replace metals with plastics owing to the latter’s better sustainability, safety, & design are also driving the masterbatch market in the Middle East.

Report Coverage & Details

  • Forecast Period:  2021-2026
  • Base Year: 2020
  • CAGR: 7.11%

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Middle East Masterbatch Market Driver:

The increasing demand for plastics across the construction & automotive industries is projected to drive the Middle East Masterbatch Market through 2026. Since metals are heavyweight & costly, plastics are used extensively as their replacement. As a result, masterbatches are becoming more popular due to their ability to improve polymer physical properties. Furthermore, a rise in automotive production is also increasing the use of plastic polymers in bumpers, instrument panels, & other automotive components, which, in turn, is contributing to the market growth. Furthermore, the low cost of raw materials (petrochemicals) utilized in plastic production is driving the plastic industry in the Middle East and, in turn, resulting in a higher demand for masterbatches across the region.

Segmentation Analysis: Middle East Masterbatch Market

By Product Type

  • Black
  • White
  • Colours
  • Additives

By End User

  • Automotive
  • Packaging
  • Consumer Goods
  • Agriculture
  • Construction

By Application

  • Film Extrusion
  • Injection Molding
  • Blow Molding
  • Roto Molding
  • Others

By Country

  • Saudi Arabia
  • UAE
  • Qatar
  • Kuwait
  • Oman
  • Turkey
  • Egypt
  • Jordan

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Region: Middle East, Saudi Arabia Holds a Major Market Share

Amongst all countries across the Middle East, Saudi Arabia dominates the Masterbatch Market with the largest market share.

Leading Players Analysis: Middle East Masterbatch Market

The report provides detailed analysis of key players in the Middle East Masterbatch market, highlighting their strategies and competitive scenario.

  • Clariant Masterbatches (India) Ltd.
  • Ingenia Polymers Co. Ltd.
  • LyondellBasell
  • Ampacet Corporation
  • Cabot India Ltd.
  • Alok Masterbatches Pvt Ltd
  • Poddar Pigments Limited
  • Plastiblends India Limited
  • Blend Colors Pvt. Ltd.
  • Orbit Masterbatches Pvt. Ltd.

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