Masterbatch Market Revenue Projected to Hit USD 18.9 Billion by 2030, Achieving a CAGR of 4.9% Over the Forecast Period | IMR

Introduction to the Masterbatch Market
The masterbatch market is pivotal to the global plastics industry, providing essential solutions for coloring and enhancing polymer properties. As per Intent Market Research, this market was valued at USD 13.5 billion in 2023 and is projected to surpass USD 18.9 billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030. This growth is driven by increasing demand for customized polymers across various industries.

What is Masterbatch?
Masterbatch is a concentrated mixture of pigments or additives encapsulated during a heating process into a carrier resin. It is then cooled and cut into granular form. Masterbatch simpli