The global masterbatch market size islikely to reach USD 13.32 billion by 2026 owing to the rising number of
building and construction activities worldwide. Masterbatch are a liquid or
solid additive used for painting or for imparting various properties to the
plastics. Coloring Masterbatch are utilized for coloring or shading plastic
items. It can also be used for conveying properties such as UV Stabilizer,
antioxidant, effect, energy, and bio-degradable. A recent report by Fortune
Business Insights offers insights into the market and its prime growth
trajectories.
As per the reporttitled, “MasterbatchMarket Size, Share & Industry Analysis, By Type (White, Black, Color,
Additive, and Fillers), By Polymer (Polyethylene, Polypropylene, Polyvinyl
Chloride, Polyethylene Terephthalate, and Others), and By End-Use (Packaging,
Building & Construction, Consumer Good, Automotive, Agriculture, and
Others), and Regional Forecast, 2019-2026,” the value of themarket was USD 10,991.04 Million in 2018 and is likely to exhibit a CAGR of 5.3% during the forecast period, 2019 to 2026.
What is the Scope ofthe Report?
The report is basedon an in-depth analysis of the market and offers a comprehensive ve overview of
the same. The report focuses on factors boosting, repelling, challenging, and
creating opportunities for the market. It also discusses the table of
segmentation of the market based on factors such as type, polymer, end-use, and
geography and lists the names of the leading segment with its attributed
factors. In addition to this, the report throws light on recent industry
developments, current trends, and other interesting insights into the market.
It also lists the names of players operating in the market and the major
strategies adopted by them to gain a competitive edge in the market
Market Drivers
Rise in Demand forPlastic from Pharmaceutical Industry for Packaging will Bolster Growth
Various factors areresponsible for the global Masterbatch market growth. These include the rise in
construction activities for all residential, commercial, and industrial
purposes, increasing demand for automobiles, especially lightweight vehicles,
and the increasing preference for plastic goods worldwide.
