The clarifying agents market is projected to reach USD 338 million by 2027, at a CAGR of 7.5% from USD 235 million in 2022. The market growth is driven by influencing factors such as significant demand from end-industries such as packaging, consumer products, and electronics.
The key global players in the clarifying agents market include Milliken & Company (US), ADEKA Corporation (Japan), Shandong Rainwell New Materials Technology Co., Ltd. (China), Avient Corporation (US), BASF SE (Germany), New Japan Chemical Co., Ltd. (Japan), GCH Technology Co., Ltd. (China), Qingdao Jade New Material Technology (China), Guangzhou Bolong Chemical Co. Ltd. (China), and Ta Haw Enterprise Co. Ltd. (Taiwan). These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches, and other expansions.
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Milliken & Company
Milliken & Company is the leading manufacturer of clarifying agents. The company offers clarifying agents through the chemical business segment and serves several markets, including automotive & transportation, building & construction, coatings, paints & inks, comfort, consumer goods, electronics, medical, and packaging. The company has registered more than 5,500 patents since 1927. It has a strong geographical presence with more than 70 global locations, 44 plants, 18 offices/labs, ten showrooms, and six distribution centers. In March 2019, Milliken increased the production capacity for clarifiers by 50% in the US. This expansion is expected to meet the increase in demand and reduce the carbon footprint during the manufacture of PP products. In October 2019, Milliken launched Millad NX 8000 ECO, a clarifying agent for polypropylene (PP) tailored for use in the extrusion blow molding (EBM) process.
ADEKA Corporation is one of the leading manufacturers of clarifying agents. Its operations are carried out through the following segments: chemical, life sciences, food products, and others. The chemical products segment produces semiconductor materials, electronic circuit board etching equipment, light-curing resin, optical recording materials, polymer additives, polyvinyl chloride stabilizers, plasticizers, flame retardants, epoxy resin, surfactants, lubricating oil additives, propylene glycol, and hydrogen peroxide. The company offers clarifying agents through its polymer additives segment under the chemical segment. It has a presence in Europe, Asia Pacific, North America, and South America.
Shandong Rainwell New Materials Technology Co., Ltd.
Shandong Rainwell New Materials Technology Co., Ltd. is a high-tech enterprise integrating both research & development and production. The company is involved in the manufacturing and R&D of light stabilizers, antioxidants, fluoropolymer processing aids, and various compounded granulating additives. The company is equipped to serve its customers with products and services, as well as a complete set of customized solutions for the chemical and plastic industries. Shandong Rainwell New Materials Technology Co., Ltd. has clarifying agent production bases with the largest production capacity
Clarifying Agents Market by Form (Powder, Granules, Liquid), Polymer (PP, PE, PET), Application (Packaging, Consumer Products, Electronics) and Region (Europe, North America, Asia Pacific, MEA, SA)- Global Forecast to 2027
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