The Black Masterbatch Market has been experiencing steady growth, driven by the increasing demand for high-performance plastics across diverse industries. Black masterbatch, a concentrated mixture of pigments and additives encapsulated in a carrier resin, is widely used for imparting color and specific properties to plastics. Its application spans automotive, packaging, construction,...

In 2023, the global masterbatch market reached a valuation of USD 6.24 billion and is projected to grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. Masterbatch is used to add color to polymers and enhance their properties, making it highly suitable for applications across diverse industries, such as automotive, transportation, building and construction, consumer goods,...

In 2023, the global masterbatch market size was valued at USD 6.24 billion and is projected to grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. This growth is anticipated to be driven by the increasing substitution of metal components with plastic in end-use industries such as automotive and transportation, building and construction, consumer goods, and packaging....

Masterbatch Industry Overview The global masterbatch market was valued at USD 6.24 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. One of the primary drivers of this growth is the increasing trend of replacing metals with plastics across various end-use industries. These industries include automotive and transportation, building and...