The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Middle East Masterbatch Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Middle East Masterbatch Industry (2021-2026):
According to the latest report, 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 report demonstrates the prominent factors propelling the exponential growth of the Middle East Masterbatch industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
· Historical Data: 2016-19
· Base Year: 2020
· Forecast Period: 2021-26
· CAGR – 7.11%
What are the major Driver the Middle East Masterbatch industry?
Mounting Demand for Plastic from Different End-user Industries - 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 master batches across the region.
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Middle East Masterbatch Market Segmentation
The Middle East Masterbatch Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- 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
As per the regional aspect, the Middle East Masterbatch Market is expected to be dominated by UAE by capturing the potential market share.
Explore further details about this research report - https://www.marknteladvisors.com/research-library/middle-east-masterbatch-market.html
Top Companies in the Middle East Masterbatch Market
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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