Global Masterbatch Market Research Report Forecast (2024-2030)

1. Masterbatch Market 2024-2030 sales@marknteladvisors.com Swipe +1 628 895 8081, +91 120 4278433 www.marknteladvisors.com

2. Market Insights The Global Masterbatch Market size was valued at around USD 12.25 billion in 2023 & is estimated to grow at a CAGR of around 6.5% during the forecast period, i.e., 2024-30. The rise in demand for plastics from the automotive and packaging industries is driving Global Masterbatch Market growth. Additionally, players in this industry expect profitable growth prospects, with sustainable masterbatch paving the way for future opportunities during the forecast period. Rapid industrialization and an increasing demand for eco-friendly and innovative coloring agents are the primary drivers behind the global market's growth. Moreover, a substantial surge in the automotive industry is also contributing to market expansion. To attain specific colors and mechanical properties, automobile manufacturers have begun substituting heavy metal parts with fortified lightweight plastic components containing masterbatches, which has encouraged product demand overall. Swipe

3. Market Driver Replacement of Metals with Plastics in Automotive Applications Driving Market Growth Owing to the increase in demand for lightweight materials in the automotive sector, the demand for masterbatches has seen an immense increment. Over the years, the applications of plastics have increased in the automotive sector. The varieties of plastic, as well as the number of applications that the plastic industry serves in the automotive sector, have increased. Currently, plastic provides most of the interior automotive, along with the sealing of external parts of the automotive. Increased capabilities include dust resistance, water resistance, UV resistance, corrosion resistance, better structural integrity, and coloring capabilities. Swipe

4. Market Segmentation By Type (Color Masterbatch, Additive Masterbatch, White Masterbatch, Black Masterbatch) By Polymer (Polypropylene, Low-Density Polyethylene and Linear Low-Density Polyethylene, High- Density Polyethylene, Polyvinyl Chloride, Polyurethane, Polyethylene Terephthalate, Polystyrene, Others) By Application : Packaging, Building and Construction, Consumer Goods, Automotive, Textile, Agriculture By Region: North America, South America, Europe, The Middle East & Africa, Asia-Pacific Swipe

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