Global $3.8 Billion Nucleating & Clarifying Agents Market Analysis, 2019-2024 - Rise in Pharmaceutical Applications & Recycling Plastic Waste Spurs Opportunity
DUBLIN, Dec. 18, 2019 /PRNewswire/ -- The "Nucleating and Clarifying Agents Market by Form (Powder, Granules, Liquid), Polymer (Polypropylene, Polyethylene, Polyethylene Terephthalate), Application (Packaging, Consumer Products, Automotive, Electronics), Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global nucleating and clarifying agents market is estimated to be USD 2.8 billion in 2019 and is projected to reach USD 3.8 billion by 2024, at a CAGR of 6.1% from 2019 to 2024.
Increasing consumption of plastic across the globe and growth in packaging applications are the main factors that have led to the growth the nucleating and clarifying agents industry. Increasing awareness about negative impact of plastics is restraining the growth of the market.
Some of the leading manufacturers of Nucleating and clarifying agents profiled in this report include Milliken & Company (US), ADEKA Corporation (Japan), BASF SE (Germany), Clariant AG (Switzerland), PolyOne Corporation (US), Imerys S.A. (France), Zibo Rainwell Chemical Industry Co. Ltd. (China), GCH Technology Co. Ltd. (China), Plastiblends India Limited (India), and New Japan Chemical Co. Ltd. (Japan).
The powder form segment is projected to grow at the highest CAGR in the nucleating and clarifying agents market during the forecast period
The powder segment is estimated to account for the largest share in 2019. The powder segment accounts for the largest market share in 2018, owing to capability to generate a smooth texture on the final product surface and reduce the phenomenon of pinhole, big ripple, and snow pattern caused by static defects. The powder form of nucleating and clarifying agents is in the form of small particles that offer large surface areas and reduce difficulties while compounding with other chemicals or polymers.
The PP segment is expected to lead the nucleating and clarifying agents market during the forecast period
Based on the polymer, the PP segment is estimated to account for the largest share of the market in 2019. PP is a semi-crystalline polymer and takes a long time to crystallize while processing. Thus, nucleating and clarifying agents are used to accelerate the crystallization rate, improve optical properties, and increase the rate of production. The demand for nucleating and clarifying agents for PP polymers is expected to increase due to an increase in the market for packaging and consumer products.
The packaging segment is expected to lead the nucleating and clarifying agents market during the forecast period
The packaging segment is anticipated to be the largest market for nucleating and clarifying agents during the forecast period in terms of value and volume. Nucleating and clarifying agents are required in packaging applications to enhance mechanical properties, thermal stability, and impart transparency to the final products, which are expected to drive the market for packaging application. The major drivers that aid growth of the packaging application are rapid urbanization, changing consumer lifestyle, economic trends, rising health consciousness among different classes of consumers, and developments in packaging materials and technologies.
Asia-Pacific market is projected to witness the highest growth between 2019 and 2024
By region, the Asia-Pacific nucleating and clarifying agents market is expected to grow at the highest rate between 2019 and 2024. The market growth in this region is attributed mainly to the higher purchasing power of the population, which has led to an increase in the demand for packaged food and superior quality consumer products, in turn, driving the market for nucleating and clarifying agents in the region during the forecast period.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Nucleating and Clarifying Agents Market
4.2 Nucleating and Clarifying Agents Market By Polymer
4.3 Nucleating and Clarifying Agents Market By Application and By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in the Consumption of Plastics
5.2.1.2 Rise in the Consumption of Polymers in Packaging Applications
5.2.2 Restraints
5.2.2.1 Increasing Awareness About the Negative Impact of Plastics
5.2.3 Opportunities
5.2.3.1 Rise in Pharmaceutical Applications
5.2.3.2 Rise in Recycling Plastic Waste
5.2.4 Challenges
5.2.4.1 Appropriate Dosage of Nucleating and Clarifying Agents
5.3 Porter's Five Forces Analysis
6 Nucleating and Clarifying Agents Market, By Product
6.1 Introduction
6.2 Nucleating Agents
6.3 Clarifying Agents
6.4 Major Nucleating and Clarifying Agents
6.4.1 Carboxylate Acid Salts
6.4.2 Talc
6.4.3 Sorbitol Derivatives
6.4.4 Rosin Type Agents
7 Nucleating and Clarifying Agents Market, By Form
7.1 Introduction
7.2 Powder
7.2.1 The Ability to Reduce Particle Size and Difficulties in Compounding is Expected to Drive the Market
7.3 Granules
7.3.1 Better Flow Properties and Increased Compressibility are Expected to Drive the Market
7.4 Liquid
7.4.1 The Higher Tendency to Migrate Into the Material Surface is Projected to Drive the Market for Liquid Nucleating and Clarifying Agents
8 Nucleating and Clarifying Agents Market, By Polymer
8.1 Introduction
8.2 Polypropylene
8.2.1 Increase in the Applications of PP in Packaging and Consumer Products is Expected to Drive the Market
8.3 Polyethylene
8.3.1 Rising Demand for Increase in the Production Rate of Pe Polymer is Projected to Propel the Market
8.4 Polyethylene Terephthalate
8.4.1 Rising Demand for Transparent Packaging for Food & Beverages is Expected to Drive the Market for Pet Nucleating and Clarifying Agents
8.5 Others
8.5.1 Increase in Demand for the Automotive Application is Leading the Market for Other Polymer Nucleating and Clarifying Agents
9 Nucleating and Clarifying Agents Market, By Application
9.1 Introduction
9.2 Packaging
9.2.1 Increasing Demand for Transparent Food & Beverage Packaging is Projected to Drive the Market
9.3 Consumer Products
9.3.1 Increasing Demand, Reducing Processing Cycle Time, and Higher Productivity in the Manufacture of Consumer Products is Projected to Drive the Market
9.4 Automotive
9.4.1 Rising Consumption of Plastics in the Automotive Application is Expected to Drive the Market
9.5 Electronics
9.5.1 Increasing Demand for Reduced Processing Cycle Time and Enhanced Productivity of Plastics Used in Electronics Applications is Projected to Drive the Market
9.6 Others
9.6.1 Increasing Consumption of Plastics in Building & Construction, Pharmaceuticals, and Agriculture is Expected to Drive the Market
10 Nucleating and Clarifying Agents Market, By Region
10.1 Introduction
10.2 Asia-Pacific
10.3 Europe
10.4 North America
10.5 Middle East & Africa
10.6 South America
11 Competitive Landscape
11.1 Competitive Leadership Mapping
11.1.1 Visionary Leaders
11.1.2 Innovators
11.1.3 Dynamic Differentiators
11.1.4 Emerging Companies
11.2 Strength of Product Portfolio
11.3 Business Strategy Excellence
11.4 Market Share of Key Players in the Nucleating and Clarifying Agents Market, 2018
12 Company Profiles
12.1 Milliken & Company
12.2 ADEKA Corporation
12.3 BASF SE
12.4 Clariant AG
12.5 Polyone Corporation
12.6 Imerys S.A.
12.7 Zibo Rainwell Chemical Industry Co. Ltd.
12.8 GCH Technology Co. Ltd.
12.9 Plastiblends India Limited
12.10 New Japan Chemical Co. Ltd.
12.11 Polyvel Inc.
12.12 HPL Additives Limited
12.13 Ceronas GmbH & Co. KG
12.14 Hallstar Innovations Corp.
12.15 Rich Yu Chemical Co. Ltd.
12.16 L. Brggemann GmbH & Co. KG
12.17 Everspring Chemical Co. Ltd.
12.18 Reedy Chemical Foam & Specialty Additives
12.19 Teknor Apex Company Inc.
12.20 Other Players
12.20.1 Shanxi Oriental Faith Tech Co. Ltd.
12.20.2 Techmer PM, LLC
12.20.3 Sino Additive Technology
12.20.4 Grafe Advanced Polymers GmbH
12.20.5 Jiaxing Beihua Polymer Auxiliary Co. Ltd.
12.20.6 Polychem Alloy
For more information about this report visit https://www.researchandmarkets.com/r/9esq3f
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