According to Fortune Business Insights the global masterbatch market was valued at USD 10.99 billion in 2018 and is projected to grow to USD 16.35 billion by 2026, registering a CAGR of 5.3% during the forecast period. Masterbatch is a solid or liquid additive used in the plastics industry to color raw polymer or impart other desired properties to plastics. It consists of a concentrated mixture of pigments or additives that is encapsulated into a carrier resin during a heat process and then cooled and cut into a granular shape.
Masterbatch is a concentrated mixture of pigments or additives encapsulated into a carrier resin, which is then used to color or enhance the properties of plastics during the manufacturing process. It allows for efficient and consistent dispersion of color and functional additives (such as UV stabilizers, flame retardants, or anti-static agents) in plastic products. Masterbatches come in various types including black, white, color, additive, and filler.
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Masterbatch Market Segmentation:
By Type:
The market is segmented into white, black, color, additive, and filler masterbatches.
By Polymer:
Segmentation includes polyethylene, polypropylene, PVC, PET, and others.
By End-Use:
Key end-use industries are packaging, building & construction, consumer goods, automotive, agriculture, and others.