The global masterbatch market size is poised to grow by USD 3.13 billion during 2020-2024, progressing at a CAGR of about 5% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201028006018/en/
Technavio has announced its latest market research report titled Global Masterbatch Market 2020-2024 (Graphic: Business Wire)
The masterbatch market is driven by the increased demand from the e-commerce market. The growing global e-commerce market, which primarily includes online shopping, has witnessed an increase in the demand for packaging products for the shipment of products sold. The ease of online shopping has made many customers switch from the traditional method of shopping to online retailing. Online retailers use different types of boxes according to the product transported. These boxes ensure the safety of the products transported in them. In addition, effective packaging is becoming one of the key business requirements in e-commerce. It is fostering the demand for plastic and, subsequently, fueling growth in the masterbatch market.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Report Highlights:
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Rising Demand for Lightweight Automotive Materials will be a Key Market Trend
Automotive manufacturers are increasingly manufacturing lightweight, fuel-efficient, and environment-friendly automobiles because of the stringent environmental regulations. The masterbatches are widely used in the automotive industry in plastic products in various applications such as safety airbags, radiator shrouds, sheet cushions, bumpers, filler tubes, gas caps, clips and connectors, handles, latches, back-lit buttons and switches, armrests, seat pans, slides, levers, bushings, door modules, and front-end modules. Plastics greatly help in making automobiles cost-effective, fuel-efficient, and safe. Thus, the growth in the automotive and transport industries is a significant pointer toward the rise in the demand for masterbatches globally.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Masterbatch Market 2020-2024: Key Highlights
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201028006018/en/
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/