Tag: Automotive Plastic Compounds
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India: Masterbatch demand nearly 2 mnt as fillers lead additives growth in plastics industry
Additives market at 1.79 mnt, projected to grow at 6.9% CAGR till FY’31 Compounds add 1.45 mnt, led by rotomoulding, cables and automotive India’s plastics industry used 1.79 million tonnes (mnt) of additives in FY25, according to Plastindia Foundation, and demand is expected to grow 6.9% a year to FY31. Fillers are the largest category…