Expansions and New Product Launches are key Strategies Adopted by Leading Players in the Global Polymer Processing Aid Market
The global polymer processing aid market is projected to grow from USD 1.71 Billion in 2016 to USD 2.21 Billion by 2021, at a CAGR of 5.2% between 2016 and 2021. Acquisitions, expansions, new product launches, and partnerships are key growth strategies adopted by major players to strengthen their positions in the global polymer processing aid market. The maximum number of strategic developments undertaken between 2014 and 2016 was registered in Europe, followed by Asia-Pacific and North America.
Key players operating in the global polymer processing aid market are 3M Company (U.S.), A. Schulman, Inc. (U.S.), Arkema S.A. (France), Clariant AG (Switzerland), Daikin America, Inc. (Japan), Fine Organics (India), Micro Epsilon (Lebanon), PolyOne Corporation (U.S.), Tosaf Group (Israel), and Wells Plastics Ltd. (U.K.), among others.
A. Schulman, Inc. (U.S.) is one of the key polymer processing aid manufacturers, globally. The company has been focusing on expansions and acquisitions to strengthen its presence in the market. For instance, in April 2015, the company established a new masterbatch production plant in Turkey. The plant produces premium masterbatches for packaging industries. This expansion strategy has helped the company enhance its supply of masterbatch in the Middle East & Africa. Moreover, in September 2014, the company acquired Compco Pty. Ltd. (Australia), which is a manufacturer of plastic compounds and masterbatches for USD 6.7 million. This acquisition strategy will help the company expand its business operations in Australia.
Clariant AG (Switzerland) is another key player in the global polymer processing aid market. As a part of its strategic development activities, the company has been focusing on expansions and new product launches. In February 2016, the company has invested USD 7.57 million to expand the production capacities and capabilities of additive masterbatch at its manufacturing plants located in Shanghai, Singapore, and the U.S. This expansion strategy will help the company offer a wide range of high temperature additives to its potential customers.
This report provides a detailed analysis of the global polymer processing aid market and segments the same based on polymer type, application, and region. Based on polymer type, the market has been segmented into polypropylene, polyethylene, and others. Based on application, the market has been segmented into blown film & cast film, wire & cable, pipe & tube, extrusion blow molding, fibers & raffia, and others. Based on region, the market has been segmented into Asia-Pacific, Europe, North America, South America, and the Middle East & Africa.
Related Reports:
Polymer Processing Aid Market by Polymer Type (Polyethylene (LLDPE, LDPE, HDPE), Polypropylene), Application (Blown Film & Cast Film, Extrusion Blow Molding, Wire & Cable, Pipe & Tube, Fibers & Raffia) - Global Forecast to 2021
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