The global special effect masterbatches market value was US$ 2.7 billion in 2020. The global special effect masterbatches market value is forecast to reach US$ 5.1 billion by 2030, with a growing compound annual growth rate (CAGR) of 6% during the forecast period from 2021-2030.
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The use of special effect materials can increase consumer appeal, provide beneficial properties, mimic other materials, and increase the visual impact of plastic products. The main purpose of special effect masterbatches is to achieve visual effects such as metallic, pearlescent, sparkle mist, fluorescence, and transparency. These masterbatches consist of pigments and additives encapsulated in plastics that allow manufacturers to manufacture plastic goods. With the help of special effect masterbatches, polymers can be colored and added to finished products with special effects. With the help of special effect masterbatches, polymers infuse with various special effects that will improve the appearance of polymers or end-products.
Consumers’ desire for longer shelf lives of food products increases the demand for top barrier films. Polymer nanocomposites are being engineered to improve barrier properties of packaging films, thereby enhancing the laminate structure. As a result, there will be an increase in demand for special effects masterbatches during the forecast period because of the high demand for masterbatches in the region.
There are many applications for color masterbatches, such as blow molding, film extrusion, injection molding, rotational molding, and more. In addition to electronics and automotive, there are other industries that use color masterbatches, such as textiles, food & beverage, medicine packaging, and packaging for packaging. Thus, the increase in the end-user application of color masterbatches drives the growth of the global special effects masterbatches market.
The fluctuating price of crude oil directly affects the cost of plastics and also their use. Therefore, an increase in plastic prices will lead to a rise in the price of masterbatches, thus slowing down the growth of the global special effect masterbatches market.
The outbreak of COVID-19 has negatively impacted several industries. Due to the measures are taken by governments around the world to curtail the spread of the virus. The lack of raw materials and transportation, low labor availability, and decreased demand for special effect masterbatches were all factors that affected production across various industry verticals. A decline in the growth of several end-use markets such as automotive, packaging, and food & beverage has negatively impacted the global special effect masterbatches market, causing many tier-3 masterbatches manufacturers to close down their facilities to survive. Additionally, using special effect masterbatches manufacturing medical packaging and medical equipment has provided limited support to the market growth for special effect masterbatches during the pandemic period. During the pandemic, the industry for special effect masterbatches experienced a decline.
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The Asia-Pacific region dominates the market for special effect masterbatches. Due to an increase in the use of color masterbatches in the food packaging industry, the regional market anticipates growing during the analysis period. Advancements in blow molding technology in rapidly developing countries, including China and India are expected to boost the regional contribution.
The leading prominent companies profiled in the global special effect masterbatches market are:
The global special effect masterbatches market segmentation focuses on Effect Type, Application, and Region.
Segmentation based on Effect Type
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?This report provides comprehensive information on factors expected to influence the market growth and market share in the future. ?The report offers the current state of the market and future prospects for various geographical regions. ?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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