According to Fortune Business Insights the global masterbatch market was valued at USD 10.99 billion in 2018 and is expected to grow to USD 16.35 billion by 2026, registering a compound annual growth rate (CAGR) of 5.3% over the forecast period.
A solid or liquid ingredient called a masterbatch is used to paint or impart certain qualities to polymers. Plastic objects are given colour or shade using coloured masterbatch. Properties like energy, effect, UV stabiliser, biodegradable, antioxidant, and others can be communicated using them. The ideal product would be a mixture of pigment, additives, and carrier resin that has been heated, cooled, and then chopped into granular form. During the production of plastics, it aids the processor in efficiently colouring raw polymer.
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Masterbatches Market Segmentation Analysis:
Color Segment to Dominate Market During Forecast Period
Based on type, the market is classified into white, black, color, additive, and fillers. The white segment held the major share of the market.
Polyethylene to be Leading Segment Over Forecast Period
In terms of application, the market is segmented into polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, and others.
Packaging Segment to Account for Major Share Over Forecast Period
In terms of end-use, the market is segmented into packaging, building & construction, consumer good, automotive, agriculture, and others. The packaging segment accounts for the major share in the forecast timeframe.
Geographically, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
List of Masterbatches Market Manufacturers include: