The global Masterbatch Market was valued at USD 12.1 Bn. in 2021, with an expected growth rate of 5.5 percent from 2022 to 2029, reaching nearly USD 17.9 Bn.
Masterbatch Market Report Scope and Research Methodology
This market is expected to increase as a result of the growing need for masterbatch in end-user markets such as packaging, automotive, and healthcare, and the increasing demand for plastics from construction and luxury goods packaging industries.
Masterbatches are mixtures of additives or pigments that can be solid or liquid and are used to colour or improve the UV stabilisation, flame retardation, antistatic, and antilocking properties of polymers. Masterbatches can be utilised in a variety of technological processes, including as spinning, blowing, and injection. The highest portion of the global masterbatch market is accounted for by the packaging industry among end-user industries, and colour and white masterbatches are the most popular in the packaging business.
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