The Masterbatch market growth will exhibit a CAGR of 5.3% reach USD 16,354.66 Million by 2026. The forecast period is set from 2020-2026” and the market Size stood as per 2018 was USD 10,991.04 Million.
Fortune Business Insights™ published a premium research report titled, “Masterbatch Market Size, Share & Industry Analysis, By Type (White, Black, Color, Additive, and Fillers), By Polymer (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others), By End-Use (Packaging, Building & Construction, Consumer Good, Automotive, Agriculture, and Others), and Regional Forecast, 2019-2026,”.
The Masterbatch Market Drivers and Restraints :
Various factors are responsible for the global Masterbatch market growth. These include the rise in construction activities for all residential, commercial, and industrial purposes, increasing demand for automobiles, especially lightweight vehicles, and the increasing preference for plastic goods worldwide. On the contrary, factors such as the fluctuating price of raw materials such as titanium dioxide, polymers, and others with a high volatile nature may pose a major challenge to the overall market. Nevertheless, increasing demand for plastic packaging from sectors such as food and beverage and pharmaceuticals are likely to create lucrative growth opportunities for the market in the coming years.
The global Masterbatch market enjoys a fragmented nature of the market owing to the presence of various players both small and medium-sized. Companies are aiming at a large network of distribution and providing a good supply chain with regulatory expertise.
List of the Key Companies Profiled in the Masterbatch Market Research Report are:
• Ampacet Corporation
• PLASTIKA KRITIS S.A.
• Hubron International
• Penn Color Inc.
• Schulman, Inc.
• Cabot Corporation
• Other Players
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/masterbatch-market-102353
Major Industry Developments of the Market include:
February 2020 – PLA Masterbatch were launched by Viba, a masterbatch producer in Italy. It is a range of color concentrating additives or combining Masterbatch based on a PLA carrier material and optimized for various processing technologies.