Additive masterbatch market estimated to be worth US$3.4 bln by 2021

摘要

THE MARKET size of the additive masterbatch market is projected to reach US $3.4 bln by 2021, registering a CAGR of 6% between 2016 and 2021, as per MarketsandMarkets. The additive masterbatch market is segmented into antimicrobial additive, antioxidant additive, flame-retardant, and other additives, based on type. Antimicrobial additive accounts for a major share of the additive masterbatch market as it is used to control microbes in plastic products. The packaging industry drives the demand for additive masterbatch owing to rapid urbanization, development of retail & e-commerce, and the growing cosmetics and healthcare sectors in emerging countries such as China, India, and Brazil.