Masterbatch Market expected to expand at a CAGR of 6.3% from 2022 to 2030
Masterbatch Industry Overview The global masterbatch market size is expected to reach USD 9.65 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.3% from 2022 to 2030. Increasing replacement of metal with plastic is projected to fuel the market growth. In addition, rising demand from the European region is expected to propel the demand over the forecast period. Masterbatch Market Segmentation Grand View Research has segmented the global masterbatch market on the basis of type, carrier polymer, end-use, and region: Based on the Type Insights, the market is segmented into White Black Color Additive and Filler. In terms of revenue, black masterbatch held the largest share of more than 25.0% in 2021. The growth in demand for black masterbatch is attributed to the high demand for tires, PVC containers, and other products for application in the automotive and transportation, building and construct...