Master batch Market Overview:
The Master batch market report offers a thorough analysis of the opposition, together with information on market share and company profiles for the leading foreign rivals. The scope of the study includes a full examination of the Master batch Market as well as the factors influencing regional variations in the growth of the sector.
Master batch Market was valued at US$ 1.07 Bn. in 2020 and is expected to reach US$ 2.22 Bn. by 2027 at a CAGR of 11% during the forecast period.
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Market Scope:
After market engineering, which involved market statistics calculations, market size predictions, market projections, market breakdown, and data triangulation, was complete, extensive primary research was carried out to collect data and check and validate important figures. Throughout the market engineering process, top-down, bottom-up, and other data triangulation methodologies were routinely employed to conduct market estimates and forecasting for the overall market segments and sub-segments outlined in this research. In order to provide vital information throughout the study, all data collected during the market engineering process is submitted to extensive qualitative and quantitative analysis.
Drivers:
India’s master batch market is expanding as a result of rising demand from sectors like packaging, healthcare, aerospace, electronics, automotive, and consumer goods, among others. By 2027, it is anticipated that India’s growing manufacturing sector will increase demand for master batch. The country’s expanding packaging and automotive industries present opportunities for the master batch market. In the India master batches market, nanoparticle-based master batches are popular for use in healthcare applications. The key developments in the India master batches market were the introduction of novel, high-performance products and cutting-edge foam enhancement technology. The India master batch market is expanding as a result of government initiatives like the “Smart City Plan” and “Make in India” campaigns.
Segmentation:
Among product type, white master batch dominated the Indian market in 2020 and will continue its dominance till 2027 on account of its ability to provide opacity and base color to plastic. White master batch is being used extensively in food & beverage and pharmaceutical industries.
The packaging industry is forecasted to remain the major end user for master batch in India over the forecast period. Increase in the trend of innovative and environmentally friendly packaging from food & beverage and pharmaceutical sectors is expected to drive sales of master batch for manufacturing packaging materials in India. Automobile segment to gain growth owing to the manufacturing of lightweight vehicle and trending composite material fabrication.
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Key Players:
To identify the market’s leaders and predict market revenue, both primary and secondary research are performed. CEOs, marketing executives, and seasoned front-line employees are just a few of the influential thought leaders and subject matter experts who are included in the main study’s in-depth interviews. As part of the primary research, extensive interviews with important thought leaders and business professionals, such as CEOs, marketing executives, and seasoned front-line staff, were conducted. As part of the secondary research, a review of the annual and financial reports of the major manufacturers was also done. Secondary data is employed to calculate percentage splits, market shares, growth rates, and market breakdowns. The results of these calculations are then compared to primary data. The Master batch market is dominated by the following businesses:
• A.Schulman Plastics India Private Limited
• Alok Masterbatches Pvt. Ltd.
• Ampacet Speciality Product Pvt. Ltd.
• Blend Colors Pvt. Ltd.
• Cabot India Limited
• Clariant Chemicals (India) Limited
• Orbit Masterbatches Pvt. Ltd.
• Plastiblends India Ltd.
• Poddar Pigments Ltd.
• Polmann India Ltd.
• Plastiblends India Ltd.
• Poddar Pigments Ltd.
• Polmann India Ltd.
• Plastene India Limited
• M G Polyblends Ltd.
• BLEND COLOURS PRIVATE LIMITED
• M/s. Vivek Polychem Pvt. Ltd.
• POLYFILL TECHNOLOGIES PVT LTD
• SUPERME PETROCHEM LTD
• allied industries
• Rajiv Plastic Industries
• NEWGEN SPECIALTY PLASTICS LTD
• Sharda Poly Colours Pvt. Ltd.
• CLINGTECH POLYMERS
Regional Analysis:
The regional overview of market research for Master batch also discusses key market-influencing elements and legal developments that have an impact on current and future market trends. Current and upcoming trends are investigated in order to evaluate the whole market potential and find lucrative patterns in order to establish a better footing. The basis for evaluating the regional market is the current environment and expected trends.
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COVID-19 Impact Analysis on Master batch Market:
Owing to a halt in operations, the growth of end-user industries using Master batch decreased from January 2020 to May 2020. These countries included Spain, France, Italy, China, the United States, the United Kingdom, and Spain. As a result, the market for Master batch manufacturers as well as the profits of companies operating in these industries both experienced a sharp decline. This had an impact on the market’s expansion in 2020. Due to lockdowns and an increase in COVID-19 occurrences globally, end-user business need for Master batch has been severely decreased.
Key Questions Answered in the Master batch Market Report are:
- Which market segment accounted for the most percentage of Master batch in 2021?
- How competitive is the market environment?
- What are the primary factors influencing the Master batch market’s growth?
- Which region dominates the Master batch market in terms of market share?
- What is the expected market CAGR from 2022 to 2029?
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