Masterbatch Market size was valued at USD 9.8 Billion in the year 2020 and is anticipated to value at USD 14.93 Billion till 2027 witnessing a CAGR rate of 6.2% during the forecast period 2021-2027. Some of the key factors influencing the market growth include growing demand for masterbatch as it is a crucial coating for the protection of numerous external factors by various undesirable conditions such as rust, UV radiations & abrasion. Additionally, an increase in acceptance of masterbatch as it is less harmful compared to other conventional methods, increases the shelf life of the end products and rising in the manufacturing industries will further boost the market growth in the forecast period. However, volatile prices of masterbatch and quality benchmark establishment are the major factors hindering market growth.
Global Masterbatch market report gives a comprehensive outlook on masterbatch across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report gives historical, current, and future market sizes (US$ Mn) on the basis of process, carrier resins, application, end user and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global masterbatch products. Global masterbatch market is surging owing to frequent acquisitions and launchings by the market players. For Instance, In February 2019, Clariant AG has expanded its masterbatch production facility in Maine, Sweden, and Singapore. This expansion will help the company to meet the increasing demand from customers