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Masterbatch Market Growth, Strategy, Demand and Forecast by 2026
The global masterbatch market size is likely to reach USD 16.35 billion by 2026 owing to the rising number of building and construction activities worldwide. Masterbatches are liquid or solid additive used for painting or for imparting various properties to the plastics. Coloring Masterbatch are utilized for coloring or shading plastic items. It can also be used for conveying properties such as UV Stabilizer, antioxidant, effect, energy, and bio-degradable. A recent report by Fortune Business Insights offers insights into the market and its prime growth trajectories. As per the report the value of the market was USD 10.99 billion in 2018 and is likely to exhibit a CAGR of 5.3% during the forecast period, 2019 to 2026.
Information Source:
https://www.fortunebusinessinsights.com/masterbatch-market-102353