About Functional Masterbatch
Masterbatch is a solid product, normally of plastic, rubber, or elastomer in which pigments or additives are optimally dispersed at high concentration in a carrier material. The carrier material is compatible with the main plastic in which it will be blended and the final product obtains the color or properties from the masterbatch. The plastic industry is one of the fastest-growing manufacturing sectors and the demand for plastics has surged up as a result of increased market penetration in industries such as packaging, healthcare, aerospace, electronics, automotive, and consumer goods.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly competitive with the presence of top players such as Clariant, Marval Industries and others. Players are acquiring companies to expand their markets further. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Functional Masterbatch market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Prabha Polycolor Pvt. Ltd. (India), Gabriel-Chemie (Austria), Marval Industries, Inc. (United States), Granula (Switzerland), KK Polycolor Asia Ltd. (India), Clariant (Switzerland), Mundhra Masterbatches (India), Polyurethane Machinery Corp. (United States), Vibrant Colortech Pvt. Ltd. (India) and Blend Colours Pvt. Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are SR Polymers (India), Kafrit Industries (Israel), Toyo Ink Mfg. Co., Ltd. (Japan), Lanier Color (United States), RTP Company (United States) and Ampacet Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Functional Masterbatch market by Type (Antiblocks, UV Absorbers, Anti-Fogging, Chemical Resistant and Others), Application (Consumer Goods, Packaging, Agriculture, Automobile, Building and Agriculture and Medical) and Region.
On the basis of geography, the market of Functional Masterbatch has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Standard Pellets will boost the Functional Masterbatch market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Carrier Resin, the sub-segment i.e. Low-Density Polyethylene (LDPE) will boost the Functional Masterbatch market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Focus on Product Appeal and Packaging Raising Demand for Multi-Functional Packaging Products and Development of Bio-Degradable Functional Additives
Market Growth Drivers:
The Plastic Industry is the Key Driver and Increased Market Penetration of Plastic in Numerous Industries
Challenges:
High Initial Cost
Restraints:
Government Norms to Minimize Plastic Usage Is Hampering Market Growth
Opportunities:
Rising Demand for Plastic from Electronics Industry for Low-Cost Conductive Materials and Rising Demand from Automotive Industry for Light Weight Materials
Market Leaders and their expansionary development strategies
In February 2020, Tarrytown, NY – Global masterbatch leader Ampacet today announced the acquisition of LIAD Weighing and Control Systems, based in Israel. a new business unit created to improve the way manufacturers use color in their processes and products. CISystems will offer groundbreaking color management technologies to help customers increase production efficiencies, reduce waste and achieve sustainability goals while in compliance with Industry 4.0 practices.
In January 2023, Ampacet, a global masterbatch leader, has launched the ELTech™ product range, specifically formulated to respond to the stringent requirements of the E&E market. and Modern society lifestyles rely on electricity and telecommunication, whether at home, at work, during transport as well as for leisure activities. The Electrical & Electronic Equipment (E&E) segment covers a broad array of applications, including power and telecommunication cables, connectors, electrical boxes, casings, ducts, conduits, plugs, sockets and switches.
Key Target Audience
Masterbatch Manufacturer, Masterbatch Raw Material Supplier, Masterbatch End-Users, Downstream Vendors, Research Institutes and Academic Centers, Market Research and Consulting, Masterbatch Importer/Exporter, Masterbatch Traders/Distributors/Suppliers, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.