The market is subject to witness a substantial growth due to the rise in the demand for plastics to substitute metal in end-user industries such as automobile, construction, consumer’s goods, and packaging. Additionally, rise in the demand from various regions across the globe are key factors responsible for the growth of the market in recent years. Color masterbatch is one of the fastest growing segment with substantial revenue generation in recent years. Globally, the market is predicted to grow at CAGR of 6.6% in forecast period, providing numerous opportunity for market players to invest for research and development in the masterbatch market. Rising demand associated with enhancement in the surface appearance of plastic components in various industries is anticipated to boost demand of the masterbatch market over the forecast period. Additive masterbatch is considered as one of the fastest growing segment due to vital properties associated with its adoption that include antistatic,...