Masterbatch Market Overview, Trends, Opportunities, Growth and Forecast to 2020-2025

As per the latest report by IMARC Group, titled “Masterbatch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global masterbatch market size reached US$ 10.7 Billion in 2019. A masterbatch (MB) is a plastic formulation containing additives that are utilized for improving the appearance and performance of the final product. It assists in protecting polymers from harmful radiations and improving other properties, which includes antistatic, antilocking, UV stabilizing and flame retardation. The masterbatch is cost-effective and easy to use, owing to which it finds applications in the production of plastic products, which are utilized in the textile, packaging, electronics, automotive, construction and pharmaceutical industries worldwide.

 

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