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Nucleating and Clarifying Agents Market worth 4.45 Billion USD by 2026
The report "Nucleating and Clarifying Agents Market by Polymer (Polypropylene, Polyethylene (LLDPE, LDPE, HDPE), PET), Application (Packaging, Consumer Products, Automotive), and Region - Global Forecast to 2026", The global nucleating (clarifying) agents market is projected to reach USD 4.45 Billion by 2026, at a CAGR of 6.2% from 2016 to 2026. The increasing use of polymers in various applications, such as packaging, consumer products, and automotive are expected to drive the demand for nucleating (clarifying) agents for the efficient production of various polymers.
Browse 102 market data tables and 46 figures spread through 145 pages and in-depth TOC on “Nucleating and Clarifying Agents Market by Polymer (Polypropylene, Polyethylene (LLDPE, LDPE, HDPE), PET), Application (Packaging, Consumer Products, Automotive), and Region - Global Forecast to 2026”
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Polypropylene to register the highest CAGR in the global nucleating (clarifying) agents market from 2016 to 2026
The global nucleating (clarifying) agents market has been segmented on the basis of polymers into polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), and others. The polypropylene segment of the nucleating (clarifying) agents market is expected to register the fastest growth rate during the forecast period. The increasing use of polypropylene in rigid packaging for foods & beverages, and consumer products will drive the demand for nucleating (clarifying) agents in polypropylene. The rising demand for polypropylene across the globe for various applications is expected to result in an increase in polypropylene production. Thus, the demand for nucleating (clarifying) agents is expected to increase for efficient and high quality production.
Packaging to be the fastest-growing application segment of the global nucleating (clarifying) agents market
The packaging application is projected to grow at the highest CAGR from 2016 to 2026, both, in terms of value and volume. The major drivers in the growth of the packaging application are rapid urbanization, changing consumer lifestyles, economic trends, growing health awareness among different classes of consumers, and developments in packaging material & technology. The increasing demand for high quality packaging in foods & beverages across the globe are expected to drive the nucleating (clarifying) agents market in the packaging application. These agents impart superior physical properties, increasing impact resistance, and improved transparency in polymers used for packaging. This in turn is expected to reduce the damage caused during transportation, and provide better aesthetic value to packaged products.
Asia-Pacific to be the fastest-growing among all the regions in the global nucleating (clarifying) agents market
The growth of the market in the region is driven by the increased demand from applications such as packaging, automotive, and consumer products. The growing demand for polymers across various applications also is expected to drive the demand for nucleating (clarifying) agents for the efficient production of polymers. There is expected to be high growth in the production of various polymers in China, India and Thailand during the forecast period. This is expected to drive the demand for nucleating (clarifying) agents, as these agents reduce the cycle time, which in turn results in a higher production rate. The increasing disposable incomes in emerging countries like China, India, Malaysia and Thailand are expected to drive the demand for high quality consumer products. This is expected to drive the demand for nucleating (clarifying) agents for the manufacture of a superior quality of consumer products.
The major companies profiled in this report are, Milliken & Company (U.S.), Adeka Corporation (Japan), BASF SE ( Germany), Clariant AG (Switzerland), A. Schulman, Inc. (U.S.), Imerys- French Limited Liability Company (France), and PolyOne Corporation (U.S.), New Japan Chemical Co., Ltd. (Japan), Bruggemann Group (Germany), and GCH Technology Co., Ltd (China), among others.
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