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Global Masterbatch Market TOC
Product Type (Color, White, Black, Additives)
The white masterbatch market is estimated to gain the largest revenue share over the projected time frame. It is frequently employed in the production process of polymers or thermoplastics such as polyethylene, PET, and PP to add whiteness or opacity to the finished products. On the other hand, the color segment is projected to witness a high CAGR of 6.29% during the forecast period, owing to the wide-ranging use of color masterbatches by several market sectors like the electronic, sport & leisure, automotive, agriculture, building & construction, packaging, and textile industries. Color masterbatches have many applications in the electronics industry. For instance, they are used in the coloring of wires, lighting fixtures, and electrical components.
End-user (Packaging, Building & Construction, Consumer Goods, Automotive, Agriculture, Petrochemicals)
Masterbatch market from the packaging segment is expected to garner a significant share. This is mostly because of the increasing application of masterbatch in the plastics utilized in packaging to provide numerous properties like UV stability, weather resistance, antioxidant, and antistatic properties for the protection of packaged products. For instance, an anti-fog additive masterbatch is used in flexible packaging to increase the precision of packaging and maintain the freshness and quality of the food. Similarly, color masterbatches are used to color caps and closures of plastic packaging bottles. This, as a result, is anticipated to create numerous opportunities for boosting the demand for masterbatches in the packaging industry in the coming years.
Our in-depth analysis of the global market includes the following segments:
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Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
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