The global masterbatchesmarket size is likely to reach USD 13.32 billionby 2026 owing to the rising number of building and constructionactivities worldwide. Masterbatches are a liquid or solid additive used for
painting or for imparting various properties to the plastics. Coloring masterbatches
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, “Masterbatches Market 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 ofthe market 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 of the Report?
Thereport is based on 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 for Plastic from PharmaceuticalIndustry for Packaging will Bolster Growth
Variousfactors are responsible for the global masterbatches 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.
Onthe contrary, factors such as the fluctuating price of raw materials such as
titanium dioxide, polymers, and others with a high volatile nature may pose a
major challenge to the overall market. Nevertheless, increasing demand for
plastic packaging from sectors such as food and beverage and pharmaceuticals
are likely to create lucrative growth opportunities for the market in the
coming years.
