Masterbatch Market Size to Reach USD 15.81 billion by 2030 at 6.6% CAGR
February 21, 2023 ⚊ 1 Min read ⚊ Views 85 ⚊ BLOG
The masterbatch market refers to the global market for masterbatch, which are concentrated additives used in the manufacturing of plastic products. Masterbatch is made by mixing additives or pigments with a carrier resin, which is then used in the production of plastic products to impart specific properties, such as color, UV resistance, flame retardancy, and more.
The global masterbatch market is expected to continue its growth trend in the coming years, driven by the increasing demand for plastic products in various industries such as packaging, automotive, construction, and consumer goods. The market is also expected to benefit from the rising demand for eco-friendly and sustainable products,
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