Special Effect Master batches Market is expected to attain a CAGR of over 5% between 2019 and 2029

Albany, US, 2019-Oct-23 — /EPR Network/ —Master batches allow the processor to color raw polymer economically during the plastics manufacturing process. Apart from this application, the momentum has been shifting towards special effect master batches over the past few years, as these master batches aid the overall aesthetics of the product. This has caught the eye of a number of end-users demanding various special effects master batches. With this, the global market for Special Effect Master Batches is expected to attain a CAGR of over 5% between 2019 and 2029.

Innovation within special effect master batches coupled with technological advancements in blow molding technology are coined as some of the recent trends under Special Effect Master batches industry. Furthermore, high demand for film extrusion master batches, embracing color master batches in various end-use applications along with rising adoption of special effect master batches within end-use industries are some of the primary factors aiding the global Special Effect Master batches market growth over the forecast period.

A number of regional market players have also been focusing towards technology improvement in compounding equipment and techniques for color and special effect master batches further fueling demand growth in the market.

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Increasing Demand from Application Industries: A Growth Promoter for Special Effect Master batches Market

Fact.MR has identified packaging and consumer goods to be the market dominating applications of special effect master batches. Demand for plastics is on rise in food packaging and consumer goods sector. Packaging provides a medium to preserve, protect, market and distribute food & beverage products. They play a pivotal role in ensuring the delivery of highest quality products to consumers. Since the last decade, manufacturers have been offering advanced master batches with special effect that tend to improve the aesthetics and maintain the quality of food products.

Moreover, manufacturers of consumer appliances are also opting for special effect master batches for packaging purpose in order to push the appeal for their products. Moreover, increasing adoption of specialty and film extrusion Master Batches also tend to leverage wide avenues for special effect master batches market. The demand for high shelf life of food products by consumers is giving a boost to the need for top barrier films.

Next-generation polymer Nano-composites are being engineered to further optimize the barrier properties of packaging films, which can add immense value to the laminate structure. Also, rising demand for specialty master batches in the plastic industry for several products, such as extruded profiles, hoses, pipes, and belts is expected to drive the demand for master batches across various applications. Therefore, all the aforementioned facts are collectively fueling demand growth.

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Europe: The Leading Regional Market

Europe has dominated the Special Effect Master batches market however will lose its position to Asia-Pacific in the mid-term forecast. The European demand is attributed to higher consumption rates of special effect master batches across the packaging, automotive and consumer appliances industries. Though the western European region is towards maturity in the special effect master batches market, the Central & Eastern European region collectively is forecast to drive the demand growth during the forecast period.

Countries such as Poland, Romania, Hungary, Czechia, Russia are some of the key markets for Special effect master batches in the Central & Eastern European region. The growing packaging industry, increasing per capita plastic consumption in the region along with rising demand from polymer and plastic manufacturers are the key factors anticipated to drive demand growth of special effect master batches in Central & Eastern part of the European market.

Moreover, the global Special Effect Master batches market is dominated by some of the key players that include PolyOne Corporation, Clariant AG, Gabriel-Chemie Group, Ampacet Corporation, Viba S.p.A., Americhem Inc., RTP Company Inc., Kandui Industries Pvt Ltd. and others. These companies rely on various strategic moves such as merger & acquisition, partnership, product launch, expansion, investments etc. to strengthen their market hold. However, product launches and expansion are the prime strategies followed by the companies for increasing their dominance in the global Special Effect Masterbatches market. The domestic markets for special effect master batches are fragmented in nature with no global market player accounting for over 10% in the global market.

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