LONDON, Dec. 19, 2016 /PRNewswire/ -- "Global nucleating (clarifying) agents market projected to grow at a CAGR of 6.2% from 2016 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. Growth in this market is expected to be driven by the growing demand for rigid packaging for foods & beverages. Also, the uses of nucleating & clarifying agents help in the reduction of the cycle time for polymer processing. This is expected to catalyze the demand for nucleating (clarifying) agents, as the reduced cycle time results in a higher production rate and the efficient production of polymers for various applications.
"Polypropylene to be the largest polymer segment of the global nucleating (clarifying) agents market"
The polypropylene (PP) segment is expected to lead the global nucleating (clarifying) agents market during the forecast period, in terms of value and volume. The increasing demand for polypropylene in the packaging and consumer products application is expected to drive the demand for PP. Also, the capacity expansions of PP plants in emerging economies such as China, India, Thailand and Middle Eastern countries is expected to drive the demand for nucleating (clarifying) agents for better and efficient production.
"Packaging to be the largest application segment of the global nucleating (clarifying) agents market"
The packaging application segment is expected to be the largest application segment for nucleating (clarifying) agents from 2016 to 2026, in terms of value and volume. This growth is primarily due to the growing demand for high quality packaging across various industries. Nucleating (clarifying) agents impart better physical properties such as impact resistance, transparency, and crystallization temperature. This is expected to drive the demand for nucleating (clarifying) agents used in various polymers for the packaging application.
"Asia-Pacific to be the largest and fastest-growing region in the global nucleating (clarifying) agents market"
The Asia-Pacific region is the fastest-growing region in the global nucleating (clarifying) agents market. The increasing production capacities of various polymers and the growing petrochemical industry in China, India and Thailand is expected to drive the demand for nucleating agents in this region. The demand for various polymers in this region is driven by the growth in the packaging, consumer products, and automotive industries.
Breakdown of profiles of primary interviews for the report
- By Company Type – Tier 1 – 37%, Tier 2 – 50%, and Tier 3 – 13%
- By Designation – C Level – 31%, Director Level – 50%, and Others – 19%
- By Region – North America – 29%, Europe – 35%, Asia-Pacific – 18%, Middle East & Africa – 12%, and South America – 6%
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.
The report has been segmented on the basis of polymer, application, and region. The polymer types covered in this report are polypropylene, polyethylene (LLDPE, LDPE, and HDPE), polyethylene terephthalate (PET), and others. The applications covered in this report include packaging, consumer products, and automotive. On the basis of region, the nucleating (clarifying) agents market has been segmented into Asia-Pacific, Europe, North America, Middle East & Africa, and South America.
- Market segmentation based on polymer, application, and region
- Market dynamics including drivers, restraints, and opportunities
- Value chain analysis
- Porter's Five Forces Analysis with respect to the global nucleating (clarifying) agents market
- Profile of key market players operating in the global nucleating (clarifying) agents market
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