According to a new market research report published by sheer analytics and insights, “The Masterbatch Market was valued at $11.4 Billion in 2020. Growing at a high CAGR of more than 7.3% between 2021 and 2031, it is estimated to reach $25.3 Billion by 2031, as per the latest market research report titled, Masterbatch Market - Global industry analysis, size, share, growth, trends, and forecast, 2021 – 2031.
Increased demand for fibers, color polymers, plastic components, wires, and cables for application in agriculture, automotive, packaging, building, and construction industries are the main factor that will help to accelerate the growth of this market during the forecasted period. Demand for color plastics has increased because of the growth in the packaging industry. The packaging industry has witnessed growth because of the consolidated development of the sub-segments like consumer, food, retail, industrial, medical packaging which will further help to drive the growth of the market during the forecasted period.
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The primary key players in Masterbatch Market include Avient Corporation, Astra Polymer Compounding Co., Ltd., Cabot Corporation, Ingenia Polymer Corp., Ampacet Corporation, Juffali PolyOne Master Batches Co. Ltd., MD International Masterbatch & Compound, Pure Polymers, Rifd Plastics, Clariant Masterbatches, PolyAlwan Co., Al Zhoor Plastic Factory, A. Schulman, Inc.
The Global Masterbatch Market Has Been Segmented Into:
Global Masterbatch Market, By Product Type
Global Masterbatch Market, By carrier Polymer
Global Masterbatch Market, By Application Type
Global Masterbatch Market, By Region
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