Global Functional Masterbatch Market Overview:
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. Some of the key players profiled in the study are 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).
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.
- The Plastic Industry is the Key Driver
- Increased Market Penetration of Plastic in Numerous Industries
- Increasing Focus on Product Appeal and Packaging Raising Demand for Multi-Functional Packaging Products
- Development of Bio-Degradable Functional Additives
- Government Norms to Minimize Plastic Usage Is Hampering Market Growth
- Rising Demand for Plastic from Electronics Industry for Low-Cost Conductive Materials
- Rising Demand from Automotive Industry for Light Weight Materials
In November 2018, Israelís Kafrit Industries acquired Polyfil Corp. Polyfil produces functional additive masterbatches for polyolefins for 35 years, with a specialty in film extrusion. While Kafrit is a global supplier of plastic additive masterbatches and compounds. The acquisition was aimed to further expand Karfit's presence in North America.
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.
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
Major Objectives Focused through this Study To define, describe, and forecast the Global Functional Masterbatch market on the basis of product [Antiblocks, UV Absorbers, Anti-Fogging, Chemical Resistant and Others] , application [Consumer Goods, Packaging, Agriculture, Automobile, Building and Agriculture and Medical], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Functional Masterbatch market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Functional Masterbatch industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research 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).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Functional Masterbatch market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.