The nucleating and clarifying agents market is projected to reach USD 504 million by 2027, at a CAGR of 7.3% from USD 353 million in 2022. The growth is largely driven by factors such as high demand from industries such as packaging, consumer products, automotive and electronics. The rising consumption of plastics in various industries, increasing demand for nucleating and clarifying agents as well.
The key global players in the nucleating and clarifying agents market include Milliken & Company (U.S.), ADEKA Corporation (Japan), Imerys S.A. (France), Shandong Rainwell New Materials Technology Co., Ltd. (China), BASF SE (Germany), and Clariant AG (Switzerland). The global and regional players have sizable shares in the nucleating and clarifying agents market. They are focusing on strategies such as new product launches, acquisitions, and expansions, and partnerships & agreements to expand their businesses globally.
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Milliken & Company, founded in 1865 and headquartered in South Carolina, US, is one of the leading technology-driven companies across the globe. The company operates in four business segments which include, textile, chemical, floor coverings, and healthcare. Milliken & Company offers nucleating and 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 global presence with more than 70 global locations, 44 plants, 18 offices/labs, 10 showrooms and 6 distribution centers. The company is adopting expansion and collaboration strategies to meet the growing demand for nucleating and clarifying agents. These strategies have helped the company increase its market share and strengthen its presence in several regions. For instance, the company collaborated with the China Plastic Housewares Association to increase awareness about the reduction in energy consumption by using Millad NX 8000, a clarifying agent used for the manufacture of transparent PP.
ADEKA Corporation is a technology-driven company that manufactures polymer additives, electronic and IT products, functional chemicals, food products, and life science products. 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, polyolefin additives, polyvinyl chloride stabilizers, plasticizers, flame retardants, epoxy resin, surfactants, lubricating oil additives, propylene glycol, and hydrogen peroxide. The company offers clarifying & nucleating agents through its polymer additives sub-segment within chemical segment. It has presence in Europe, Asia Pacific, North America and South America. ADEKA is expanding the production and sales network of chemical products not only domestically but also overseas. The Company has expanded its business all over the world including America, Germany, France, South Korea, China, Taiwan, Thailand, Malaysia, Singapore, India, Vietnam, United Arab Emirates, and Brazil. It has a research institute in South Korea that works to accelerate global development.
Nucleating and Clarifying Agents Market by Agent Type (Nucleating Agents, Clarifying Agents), Form (Powder, Granules, Liquid), Polymer (PP, PE, PET), Application (Packaging, Consumer Products) and Region - Global Forecast to 2027
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