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
Rising Demand from End User Industries is Propelling the Market Growth
Ongoing R&D is Driving the Market Growth
Market Segmentation
Market Players
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Attribute
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Details
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Base Year
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2022
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Historic
Data
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2018 – 2021
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Estimated
Year
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2023
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Forecast
Period
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2024 – 2028
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Quantitative
Units
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Revenue in USD
Million, Volume in metric ton, and CAGR for 2018-2022 and 2023-2028
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Report
coverage
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Revenue forecast, volume
forecast, company share, competitive landscape, growth factors, and trends
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Segments
covered
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By Carrier
Polymer
By Application
By End User
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Regional
scope
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East; West; North;
South.
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Key companies
profiled
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Europlast
S.A., Megaplast, S.A. De C.V., AN TIEN INDUSTRIES, VinaColour, Polyfill LLC,
VINARES Vietnam Company Limited, Ecoplast Ltd., and TLD Vietnam
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Customization
scope
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10% free report
customization with purchase. Addition or alteration to country, regional
& segment scope.
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Pricing and
purchase options
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Avail
customized purchase options to meet your exact research needs.
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Delivery
Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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