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The global masterbatches market size is likely to reach USD 13.32 billion by 2026 owing to the rising number of building and construction activities worldwide. Masterbatches are liquid or solid additives used for painting or for imparting various properties to plastics. Coloring masterbatches are utilized for coloring or shading plastic items. It can also be used for conveying properties such as UV Stabilizer, antioxidant, effect, energy, and bio-degradable. A recent report by Fortune Business Insights offers insights into the market and its prime growth trajectories. As per the report titled, “Masterbatches Market Size, Share & Industry Analysis, By Type (White, Black, Color, Additive, and Fillers), By Polymer (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others), and By End-Use (Packaging, Building & Construction, Consumer Good, Automotive, Agriculture, and Others), and Regional Forecast, 2019-2026,” the value of the market was USD 10,991.04 Million in 2018 and is likely to exhibit a CAGR of 5.3% during the forecast period, 2019 to 2026.
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The fintech industry is transforming the finance world. We use these techs almost every day. For example, mobile fund transfers and payments through digital wallets. Digital-only banks, Robotic process automation, and increased use of blockchain processes in banks are some of the latest trends. The use of AI and ML in banking processes and biometric systems are some o the latest Fintech trends. According to some experts, the fintech industry is expected to be worth almost US$ 5 trillion industry.
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