Industry News

The Terminal Demand Promotes Saudi Arabia Color Master Batch Market Growth

According to the data by the Research and Markets, to 2020, color master batch in Saudi Arabia market capitalization is expected to exceed $1.67 billion. The main reasons for the color master batch Market growth are increasing government investment in downstream industries, the rising in packaging, construction and consumer electronics and other terminal industry demands.

Presently, packing is the largest terminal applications field for color master batch in Saudi, and it will still account for dominant position in 2020. The Saudi government invested large sums of money in the petrochemical and plastic industry, therefore, the demand of the plastic processing industry for color master batch will increase rapidly.

(Source: Research and Markets dated 10 August 2015)