Color Masterbatches Market - Forecast(2021 - 2026)
The Global Color Masterbatch Market has recorded $6551.5 m in 2017 and it is estimated to surpass $ 12.35 billion with an estimated rate of 11.8% during 2018 to 2023. Black Color Masterbatches are witnessed as fast growing in the market with $1758.2 million revenue and growing with a CAGR of 9.2%. By Carrier Resin, Polyethylene holds $2.31 m in 2017 with 10.7% growth rate. By End-User, Food & Beverages records the maximum market revenue of $ 2708 million by 2017. Color Masterbatch industry in Europe is growing with an estimated rate of 5.7% by generating a market revenue of $1590.2 million in 2017. What is Color Masterbatch Market? Color masterbatches are produced from polymer materials which consists of carriers, plastic additives and pigments, attached to the resin with equal quantity. Color masterbatch is typically used to color plastics. They are used for the coloring of plastic materials with the use of different carriers like poly ethylene, poly propylene, polystyrene, result...