Indonesia Masterbatch Market Research Report: Forecast (2023-2028)

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Indonesia Masterbatch Market
2023-2028
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Market Insights
The Indonesia Masterbatch Market is expected to
grow at a CAGR of around 7.2 during the forecast
period, i.e., 2023-28. Most of the market
expansion would be driven by substantial
investments by the government in the packaging,
building construction, and automotive sectors
that extensively utilize plastic polymers and,
consequently, masterbatches. In addition, the
mounting demand for consumer appliances
electronics in the country, alongside the
ever-increased government focus on developing
various medical tourism destinations, are other
crucial aspects expected to boost the masterbatch
industry in Indonesia.
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Market Driver
Key Driver Surging Demand for the Polystyrene
Resins to Upscale the Market Growth
The demand for polystyrene resins is likely to
grow considerably in the country over the
forecast years and, subsequently, bode well for
the masterbatch market expansion. It owes to the
rapidly expanding hospitality sector of the
country due to the increasing influx of business
leisure travelers, which has accelerated the
development of luxurious hotels, multi-cuisine
restaurants, etc. Consequently, it is infusing
the demand for various consumer goods electric
appliances in the hospitality industry and
promoting the Indonesia Masterbatch Market growth.
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Market Segmentation
By Product Type Black, White, Color, Additive
By Application Film Extrusion, Injection
Molding, Blow Molding, Roto Molding, Others (Pipe
extrusion, multifilament etc.)
By End Users Automotive, Packaging, Consumer
Goods, Agriculture, Construction, Retail
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