
Geographically, the Global Masterbatch Market is divided across the five key regions: Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Among these regions, Asia Pacific is projected to dominate the market. The region is estimated to hold over 40% share of the global market. The major contributors to the market in this region are China, India, Japan, and South Korea. China alone accounted for the largest share of the regional market. Following China, India, and South Korea are significantly contributing to the Masterbatch Market in this region. Increasing infrastructure development activities on the backdrop of huge government and private investment in construction activities are considerably driving the growth of the market. Moreover, with a steadily rising population, the demand for consumer goods is continuously increasing. Changing lifestyle, increasing standards of living and disposable income of the people in emerging economies of this region is also favoring the growth of the regional market. The Chinese government has launched ambitious belt and road initiative called One Belt One Road (OBOR), which involves integrating and developing modes of transportation among Asia and Europe to propel regional integration and increase trade. This is likely to influece the market growth positvely. In addition to the building & construction industry, the automotive industry of this region is witnessing significant growth with increasing demand for passenger cars and lightweight electric vehicles around the world. Also, the major automotive manufacturers are shifting their production activities to this region due to numerous investment reforms made by the countries in this region.