According to the report published by Allied Market Research, the global market Special Effects Masterbatch Market generated $2.9 billion in 2020 and is expected to generate $5.3 billion by 2030, growing at a CAGR of 6.2% from 2021 to 2030. The report offers an in-depth analysis of the changing trends in the market, major investment pockets, value chain, major segments, regional scenario, and competitive landscape.
Booming applications in the food, medical, plastic and fiber packaging industries and the demand for masterbatches for film extrusion are driving the growth of the global special effects masterbatch market. However, fluctuating petrochemical prices and challenges related to the availability of the right supplier are hampering the growth of the market. On the other hand, innovations and new product developments as well as advances in blow molding technology present new opportunities in the coming years.
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- Due to the containment measures implemented by the governments of various countries, various challenges such as shortage of raw materials, disruptions in supply and transportation, and lack of manpower have occurred.
- Demand from application industries such as automotive, packaging, food and beverage has declined significantly due to partial or complete shutdown of daily operations. However, demand would recover after the lockdown.
- However, the use of special effects masterbatches in medical packaging and medical equipment production business offered limited opportunities for special effects masterbatches market growth.
The report offers a detailed segmentation of the global special effects masterbatch market on the basis of type of effects, application, and region.
Based on type of effects, the appearance effects segment contributed the highest share in 2020, accounting for nearly three-fifths of the total share, and is expected to maintain its leading status in terms of revenue during of the forecast period. However, the material effects segment is estimated to register the fastest CAGR of 7.2% from 2021 to 2030.
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Based on application, the packaging segment accounted for the highest share in 2020, holding more than one-third of the global special effects masterbatch market, and is expected to maintain its dominant share throughout the forecast period. However, the sports and recreation segment is estimated to show the largest CAGR of 8.3% from 2021 to 2030.
Based on the region, Asia-Pacific held the highest share in 2020, accounting for more than two-fifths of the total share, and is expected to maintain its leading position by 2030. Moreover, this region is expected to show the highest CAGR of 7.6% during the forecast period. The research also analyzes regions such as North America, Europe and LAMEA.
Key Players of Global Special Effects Masterbatches Market analyzed in the research include Gabriel-Chemie AG, PolyOne, Clariant Ag, Dk Polymers, RTP, Kandui Industries Pvt Ltd., Ampacet Corporation, Broadway Colors, Minocha Enterprises Pvt. Ltd., Frilvam SPA and Micro Poly Colors India.
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Allied Market Research (AMR) is a market research and business consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services and market insights across 11 verticals. Adopting in-depth research methodologies, AMR helps its clients make strategic business decisions and achieve sustainable growth in their market areas. We are staffed with qualified analysts and experts and have extensive experience working with many Fortune 500 companies and small and medium enterprises.
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