AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Functional Masterbatch market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Functional Masterbatch market.
The Form, such as Standard Pellets, is boosting the Functional Masterbatch market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Carrier Resin, such as Low-Density Polyethylene (LDPE), is boosting the Functional Masterbatch market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Functional Masterbatch market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are The Plastic industry is the key driver and Increased Market Penetration of Plastic in Numerous Industries. †
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 of plastics has surged up as a result of increased market penetration in industries such as packaging, healthcare, aerospace, electronics, automotive, and consumer goods.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Functional Masterbatch market by Type (Antiblocks, UV Absorbers, Anti-Fogging, Chemical Resistant and Others), by Application (Consumer Goods, Packaging, Automobile, Building and Agriculture and Medical) and major geographies with country level break-up that includes 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). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market