Vietnam Filler Masterbatch market is
anticipated to increase at a notable rate in the forecast period 2024-28. Growing
demand from various industries such as packaging, building & construction,
consumer goods, automotive, agriculture, and others are pushing the demand for
filler masterbatch. More than 380 million tons of plastic are produced every
year worldwide in packaging, holding the largest market share of almost 36%,
where the need for filler masterbatch is high. Filler masterbatches are
classified based on their capabilities. For applications directly exposed to
sunlight, UV masterbatches are employed, which are packed with UV stabilizers.
Filler masterbatch application products include greenhouse films, garden
furniture, and irrigation pipes. Antioxidants masterbatch is used to guard
against the breakdown of polymers at high temperatures, and white type
masterbatches are employed to impart a final white brightness without any blue
tone.
While recycling the packaging material,
the need for filler masterbatch in plastic material is very high. Thus, the
demand for masterbatch is expected to rise to provide additional
characteristics to raw materials while recycling. Furthermore, the advantage of
investment incentives in land, energy, cheap labor to save costs, taxes, and
raw material prices are creating a positive trend for market growth.
Participation in different free trade agreements and foreign policies attracted
foreign companies to take advantage and invest in Vietnam is a factor expected
to propel the demand for filler masterbatch from various industries for the
production of the product.
Increasing Demand from Industries for
Packaging Purposes is Driving the Market Growth
Packaging is one of the major
considerations that consumers observe before buying any product. More appealing
and informative packaging means more chances to be noticed or sold in the
market. Filler masterbatch is extensively used in the manufacturing of thin
films to thick sheets by increasing chemical characteristics and enhancing
production efficiency. Due to its characteristics, filler masterbatch supports
firms to lessen production costs and improve product coating quality, used in
LDPE, LLDPE, HDPE, and PP as compared to substitutes. Shopping bags, wrapping
paper, roll bags, rubbish bags, etc., are a few examples of the packaging
industry's finished goods. Because each product has various properties and
technical needs, they all contain the filler masterbatch ingredient but are
used in different ways depending on the product requirement. Hence, for the
production of different products that is used by different industries, the
demand for filler masterbatch is expected to rise in the region.
Rising Demand from End User Industries
is Propelling the Market Growth
Polypropylene is being broadly used in
consumer goods, which has contributed to an increase in filler masterbatch
product demand. Polypropylene can be used in the production of a variety of
products related to construction and building, like PVC gates & windows,
tarpaulin sheets, and others with different advantages and properties, which
include antimicrobial and antibacterial capabilities. Environmental concerns
are causing polypropylene manufacturers to change their emphasis from synthetic
to bio-based, which is expected to boost the growth of the masterbatch filler
market throughout the projection period. Apart from these, a product of
different automotive parts like bumpers, dashboards, side trims, headlight back
covers, rear and side view mirrors, indicators, radiator fans, internal components,
engine components, car batteries, wire, and cable require filler adhesive to
enhance the product properties. In the forecasted period, the annual growth of
consumer goods products is expected to rise by 8.1% worldwide. Hence, it is
anticipated that demand for filler masterbatch is expected to grow in the
anticipated year due to increasing manufacturing activities in the region.
Ongoing R&D is Driving the Market
Growth
The progress of polymers & filler
masterbatch has relied strongly on research and development, from the choice of
materials and technologies to the improvement of ergonomy. Recent innovations
in masterbatch have reduced weight while maintaining identical qualities and
significantly impacting resource saving and energy effectively. As a reference,
a 500 mL plastic bottle weighed 24g in 1990 and 9.5g in 2013, a decrease of
14.5g per bottle and a weight reduction of 60% over a period of 25 years. Plastic
filler masterbatch tends to be multipurpose as new technology advances. The
void between the filler and the new additives employed in the creation of the
filler masterbatch gives the products superior or unique performances.
Download Free Sample Report
Market Segmentation
Vietnam filler masterbatch market is
segmented based on carrier polymer, application, and end
user. Based on carrier
polymer, the market is divided into polyethylene and polypropylene. Based on application, the
market is divided into injection & blow molding, films & sheets, and tapes. Based on end user, the market is divided
into packaging, building & construction, consumer goods, automotive &
transportation, agriculture, and others.
Market Players
Europlast S.A., Megaplast, S.A. De
C.V., AN TIEN INDUSTRIES, VinaColour, Polyfill LLC, VINARES Vietnam Company
Limited, Ecoplast Ltd., and TLD Vietnam are some of the key players operating in the Vietnam filler
masterbatch market.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic
Data
|
2018 – 2021
|
|
Estimated
Year
|
2023
|
|
Forecast
Period
|
2024 – 2028
|
|
Quantitative
Units
|
Revenue in USD
Million, Volume in metric ton, and CAGR for 2018-2022 and 2023-2028
|
|
Report
coverage
|
Revenue forecast, volume
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
covered
|
By Carrier
Polymer
By Application
By End User
|
|
Regional
scope
|
East; West; North;
South.
|
|
Key companies
profiled
|
Europlast
S.A., Megaplast, S.A. De C.V., AN TIEN INDUSTRIES, VinaColour, Polyfill LLC,
VINARES Vietnam Company Limited, Ecoplast Ltd., and TLD Vietnam
|
|
Customization
scope
|
10% free report
customization with purchase. Addition or alteration to country, regional
& segment scope.
|
|
Pricing and
purchase options
|
Avail
customized purchase options to meet your exact research needs.
|
|
Delivery
Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, Vietnam filler
masterbatch market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
·
Vietnam Filler Masterbatch Market, By Carrier
Polymer:
- Polyethylene
- Polypropylene
·
Vietnam Filler Masterbatch Market, By Application:
- Injection & Blow Molding
- Films & Sheets
- Tapes
·
Vietnam Filler Masterbatch Market, By End User:
- Packaging
- Building & Construction
- Consumer Goods
- Automotive & Transportation
- Agriculture
- Others
- Vietnam Filler
Masterbatch Market, by region
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Vietnam Filler Masterbatch market.
Available
Customizations:
With
the given market data, TechSci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company
Information
- Detailed analysis and profiling of additional
market players (up to five).
Vietnam Filler Masterbatch
market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]