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India masterbatch market: 23% CAGR forecast between 2013-2018

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India Masterbatch Market Forecast & Opportunities, 2018 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-24 12:48:01
Plastic industry is one of the fastest growing manufacturing sectors in India and the demand of plastics has surged up as a result of increased market penetration in industries such as packaging, agriculture, healthcare, aerospace, electronics, automotive, consumer goods, etc. Masterbatch is considered as a vital component in plastics industry worldwide, as it consists of pigments and additives which impart required color and characteristics to the end products.

Masterbatch volume sales in India are expected to grow at 23% CAGR till 2018. The market for Masterbatch is driven by the growth in its end user industries as well as the increasing penetration of plastic products in the Indian market. However, use of plastics is being regulated by Ministry of Environment & Forests, Government of India, as solid plastic waste impacts the environment adversely and also causes blockage of gutters, sewerage system and drains.

With the development of bio-additives, usage of masterbatches holds positive prospects for the manufacturing of bio-degradable plastics. Other important innovations such as development of anti-microbial masterbatches, flame retardant masterbatches, antioxidant masterbatches is set to drive the market for masterbatches across various end user industries. The leading players in Masterbatches market in India are Plastiblends India, Clariant Chemicals, Poddar Pigments, Plastichemix and Ampacet Corporation.

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