Masterbatch Market Is Projected To Boost, Based On Growing Need For Various Agricultural Products Till 2030
Masterbatch Industry Overview The global masterbatch market size was valued at USD 5.60 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030. The replacement of metal with plastics in the end-use industries including automotive and transportation, building and construction, consumer goods, and packaging is expected to be a key factor driving the global market over the forecast period. The product is available in solid and liquid forms and is used for imparting color and enhancing useful properties of polymers such as antistatic, antifog, antilocking, UV stabilizing, and flame retardation. Various types of carrier polymers such as polypropylene, polyethylene, polyvinyl chloride, and polyethylene terephthalate are preferred along with the product for use in injection molding and extrusion processes. Gather more insights about the market drivers, restrains and growth of the Global Masterbatch M...