The global masterbatches market size is3
The global masterbatches market size is likely to reach USD 13.32 billion by 2026 owing to the rising number of building and construction activities worldwide. Masterbatches are liquid or solid additives used for painting or for imparting various properties to 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 report titled, “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 of the 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.
Information Source - https://www.fortunebusinessinsights.com/masterbatch-market-102353