Special Effect Masterbatches Market Statistics - 2030
The global special effect masterbatches market size was valued at $2.9 billion in 2020, and is projected to reach $5.3 billion by 2030, registering a CAGR of 6.2% from 2021 to 2030.
Special effect compounds can increase consumer appeal, provide beneficial features, mimic other materials, and add visual impact to the plastic products. Special effect masterbatches usually include unique pigments or fillers to achieve different visual effects such as metallic, pearlescent, sparkle mist, fluorescence, and transparent effects. These masterbatches are mixtures of special pigments and additives that are encapsulated and used in the manufacturing plastic products. The raw polymer can be colored, and special effects can be added to the finished products with the help of special effect masterbatches. A variety of special effects can be given to the polymers with the help of special effect masterbatches, which will enhance the attractiveness of polymers or end-product.
The increase in demand for high shelf life of food products by consumers increases 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 ensuing laminate structure. Therefore, the demand for masterbatches is high in the region, which will lead to increase in demand for special effects masterbatches during the forecast period.
Color masterbatches have a wide range of applications in blow molding, film extrusion, injection molding, rotational molding, and others. There are distinct end-user industries, which use color masterbatches in their processing, such as electronic appliances, automotive, packaging, textiles, food & beverages, medicine packaging, and others. Thus, this increase in the end-user application of color masterbatches drives the growth and demand for special effects masterbatches market across the globe.
Masterbatches cost higher than commodity plastics due to various processing and enhanced properties. Fluctuating petrochemical prices, a source of extraction of plastic, can hinder the growth of the masterbatches market during the forecast period. Fluctuating crude oil prices is directly impacting the costs of plastics, and also affecting their usage. Thus, increasing cost of plastics would lead to a rise in the prices of masterbatches, thereby hindering the growth of the special effect masterbatches market.
On the basis of effects type, the special effect masterbatches market is segmented into appearance effects, material effects, and functional effects. The applications covered in the study include packaging, hygiene & baby product, automotive, homecare & household products, consumer appliances, sports & leisure and other applications. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by Europe and North America.
The major companies profiled in this report include Gabriel-chemie AG, Clariant Ag, PolyIOne, RTP, Dk Polymers, Ampacet Corporation, Kandui Industries Pvt Ltd., Minocha Enterprises Pvt. Ltd., Broadway Colours, Frilvam S.P.A. and Micro Poly Colours India.
Global Special Effect Masterbatches Market, By Region
The Asia-Pacific dominates the special effect masterbatches market due to rise in application of color masterbatches in the food packaging industry in the region, and increase in advancement in blow molding technology in rapidly developing countries in the region such as China and India.
By Region
Asia-Pacific holds a dominant position in 2020
Global Special Effect Masterbatches Market, By Effects Type
The apperance segment accounted for a major share in the special effect masterbatches market in 2020 pertaining to rapid innovation toward offering new range of appearance effect masterbatches such as metallic, sparkle mist, fluorescent, and other appearance effects. Also, higher production rates and increase in adoption rates of appearance based special effect masterbatches across a wide array of applications is expected to fuel the demand of special effect masterbatches market throughout the forecast period.
By Effect Type
Apperance effect is projected to create abundant $ opportunity till 2030
Global Special Effect Masterbatches Market, By Application
The Packaging segment accounted for a major share in the special effect masterbatches market in 2020. Manufacturers of consumer products are progressively looking for packaging materials that ensure efficient storage and transportation and enable low-cost production. Thus, the advancements in technology lead to rise in use of masterbatches for packaging in various industries, such as food & beverages, and automotive.
By Application
Packaging segment is projected as the most lucrative segment.
COVID-19 analysis:
The outbreak of coronavirus has created negative impact across several end-use industries due to several steps taken by governments across the globe to curb the spread of the virus through nationwide lockdown. This decision has hampered the production across different industry verticals due to lack of raw material supply & transportation, low presence of labor, and decrease in demand for the use of special effect masterbatches. The outbreak of coronavirus has created negative impact on the special effect masterbatches market due to decline in the growth of several end use applications such as automotive, packaging, and food & beverage industry during the pandemic period, which also led many tier-3 special effect masterbatches manufacturers to take bold steps such as shutting down of their manufacturing capacities for survival. In addition, use of special effect masterbatches in the manufacturing of medical packaging and production of medical equipment have provided limited support toward the growth of the special effect masterbatches market during the pandemic period. However, the overall growth of special effect masterbatches market experienced negative effect during the pandemic period.
Key benefits for stakeholders
- This report provides a detailed quantitative analysis of the current special effect masterbatches market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities.
- An in-depth special effect masterbatches market analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
- A comprehensive analysis of the factors that drive and restrain the growth of the special effect masterbatches market is provided.
- Region-wise and country-wise market conditions are comprehensively analyzed in this report.
- The projections in this report are made by analyzing the current trends and future market potential from 2021 to 2030 in terms of value.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
- Key market players in the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global special effect masterbatches market.
Special Effect Masterbatches Market Report Highlights
| Aspects | Details |
 By EFFECT TYPE |
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 By APPLICATION |
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 By Region |
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 Key Market Players | Broadway Colours Ltd, Frilvam SpA, Clariant AG, PolyOne Corporation, Ampacet Corporation, Gabriel-Chemie Group, RTP Company Inc., Minocha Enterprises Pvt. Ltd., Kandui Industries Pvt Ltd., D.K Polymer Pvt. Ltd. |
Analyst Review
The increase in demand for plastics with special effects, particularly from the packaging industry, is expected to drive the growth of the special effect masterbatches market during the forecast period.
Rapid fluctuation in the petrochemical prices and rise in challenge of finding the right supplier is the key restraining factor for the growth of the special effect masterbatches market during the forecast period. However, innovations and new product developments observed in the production of special effects masterbatches, and rapidly growing advancement in blow molding technology which is one of the technologies used for production of special effect masterbatches drive the growth of the special effect masterbatches market. In addition, increase in demand for special effect masterbatches in several end-use applications such as automotive, packaging, textiles, food & beverages, medicine packaging, and others are some of the key factors expected to provide high demand for the special effect masterbatches market throughout the forecast period. In addition, rapidly growing packaging and automotive industries are expected to drive the global special effect masterbatches market throughout the forecast period.
The COVID-19 pandemic has negatively impacted the global special effect masterbatches market for a short span due to increase in awareness among the people related to negative environmental impact brought due to production of special effect masterbatches during this period.
Moreover, increase in number of promotional activities in various industries to gain the attention of customers, innovations, and new product developments toward production of special effects masterbatches is expected to increase the growth of the special effect masterbatches market throughout the forecast period.
Growing Application of color masterbatches in the food packaging industry, specialty masterbatches in the plastic and fiber segment are the key factors boosting the Special Effect Masterbatches market growth
Market value of Special Effect Masterbatches in 2030 will be US$ 5.3 billion
Gabriel-chemie AG, Clariant Ag, PolyIOne, RTP, Dk Polymers, Ampacet Corporation, Kandui Industries Pvt Ltd., Minocha Enterprises Pvt. Ltd., Broadway Colours, Frilvam S.P.A. and Micro Poly Colours India
Packaging industry is projected to increase the demand for Special Effect Masterbatches Market
On the basis of effects type, the special effect masterbatches market is segmented into appearance effects, material effects and functional effects. The applications covered in the study include packaging, hygiene & baby product, automotive, homecare & household products, consumer appliances, sports & leisure, and other applications. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Innovations and new product developments and growing advancement in blow molding technology is the main Driver of Special Effect Masterbatches Market
Packaging, hygiene & baby product, automotive, homecare & household products, consumer appliances, sports & leisure are the key applications are expected to drive the adoption of Special Effect Masterbatches
Emergence of COVID-19 had a negative impact on the growth of the global Special Effect Masterbatches market during the pandemic period.
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