According to Persistence Market Research Pvt Ltd, the fast-growing end markets in packaging, automotive and healthcare are driving demand for masterbatch. In addition, as the use of plastic materials increases, the demand for construction plastics and high-priced products will increase.
As the EU implements strong regulatory policies on vehicle emissions to reduce greenhouse gas emissions, global weight competition for automobiles is becoming increasingly fierce. Plastic parts used in automobiles not only reduce carbon dioxide emissions by reducing weight, but also improve the fuel efficiency of automobiles. To this end, various metal parts for automobiles are rapidly being replaced by plastic parts. During the 2014-2020 forecast period of the market research report, the market will also make a significant contribution to the demand for major batches. However, the growth of the plastics market has hampered the growth of the plastics market, which is the raw material for plastic resins, and strict environmental policies have hampered the use of plastic resins that do not degrade in the natural environment. The consequences affect the main batch processing requirements.
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