Masterbatch Market Masterbatch Market

Masterbatch Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2022 “The Global Masterbatch Market is subject to witness a substantial growth due to the rise in the demand for plastics to substitute metal in end-user industries such as automobile, construction, consumer’s goods, and packaging.” The Global Masterbatch Market is subject to witness a substantial growth due to the rise in the demand for plastics to substitute metal in end-user industries such as automobile, construction, consumer’s goods, and packaging. Additionally, the rise in demand from various regions across the globe are key factors responsible for the growth of the market in recent years. Color masterbatch is one of the fastest growing segment with substantial revenue generation in recent years. Globally, the market is predicted to grow at CAGR of 5.9% in forecast period, providing numerous opportunity for market players to invest for research and development in the masterbatch market. Rising demand associated with enhancement in the surface appearance of plastic components in various industries is anticipated to boost demand of the masterbatch market over the forecast period. Additive masterbatch is considered as one of the fastest growing segment of the masterbatch market due to vital properties associated with its adoption that include antistatic, anti-foaming, anti-oxidant, antimicrobial, thermal stabilizer and barrier properties. Other important properties such as metal deactivators, anti-blocking agent, flame deterrence, ultra-violet stabilizer, oxygen scavenger, and erosion resistance are also contributing to rising demand of additive masterbatch. With recent advancements in the plastic packaging sector are expected to propel growth of market over the forecast period. Masterbatch is an important variant in end-user industries including packaging sector, construction sector, consumer goods market, automobile, and crop harvesting. Rising adoption of the masterbatch is directly related