Pune, 24, Nov 2022: The market is expected to grow from USD 328.98 Million in 2021 to USD 578.05 Million in 2029, at a CAGR of 7.3% during the forecast period from 2022 to 2029, according to the Nucleating and Clarifying Agents Market report published by Maximize Market Research. The rising use of nucleating agents in the production of goods for diverse uses is a result of the rise in polymer consumption. The employment of nucleating agents reduces the manufacturing cycle time while improving the mechanical and optical qualities of goods.
Nucleating and Clarifying Agents Market Scope and Research Methodology
The Nucleating and Clarifying Agents Market research report covers product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy, and planning analysis of the industry, the latest dynamic analysis, etc. The report includes drivers, opportunities, and restraints affecting the global market. It covers the impact of these drivers, trends, and restraints on the demand of the market during the forecast period. The report also highlights opportunities in the market at the global level. Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in government funding for the introduction of the Nucleating and Clarifying Agents Market. These factors have benefited the growth of the global Nucleating and Clarifying Agents Market. Key companies are expected to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and are estimated to drive the growth of the Nucleating and Clarifying Agents Market.
The research report involves the extensive usage of both primary and secondary data sources. The research process is the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industries, and market risks, opportunities, market barriers, and challenges. In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealers, and traders, as well as raw materials suppliers and producers, etc. The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global Nucleating and Clarifying Agents Market.
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Nucleating and Clarifying Agents Market Overview
In processing polymers, nucleating and clarifying agents can shorten cycle times, increasing the output rate. The Asia Pacific and Middle East & Africa regions, where demand for polymers in various applications including packaging, consumer goods, and automotive is growing, are expected to see significant demand as a result. It is expected that the high demand for polymers will increase production, increasing the demand for nucleating and clarifying agents to increase production rates and enhance product aesthetics. Due to factors including rising plastics demand in developed and developing regions like North America, Europe, and Asia Pacific, as well as rising polymer consumption in packaging applications, the nucleating and clarifying agents’ market has grown significantly. Additionally, the major players in the nucleating and clarifying agents’ market have a tremendous amount of economic potential due to the growing demand for these products in the pharmaceutical industry. The market for nucleating and clarifying agents is likely to grow overall, although this expansion is expected to be constrained by growing awareness of the harmful environmental effects of plastics.
Nucleating and Clarifying Agents Market Dynamics
Polypropylene is a frequently used polymer in a variety of applications due to its fantastic blend of properties. The use of suitable nucleating and clarifying chemicals can further enhance the material’s physical, mechanical, and optical properties. When PP is processed, these additions help it crystallize, which improves the properties already present.
Nucleating and clarifying agents have increased their usage in plastic packaging because to the outstanding clarity they give, and this trend is expected to drive market growth. Numerous sectors, including packaging, construction, automotive, consumer goods, textiles, agriculture, and medical, use plastics.
There is an increase in the release of nucleating and clarifying agents. For example, in May 2018, Milliken & Company added the Hyperform HPN-715 agent to their line of Hyperform HPN nucleating agents. The new Hyperform HPN-715 agent increases stiffness by up to 10% while maintaining suitable impact performance when compared to competitive materials. It has higher heat deflection temperatures than more advanced nucleators (HDTs). It has raised the bar for heat stability and stiffness in polypropylene. By raising PP HDT, the new Hyperform HPN-715 enhances thermal stability. It offers faster nucleating times compared to other approaches.
Nucleating and Clarifying Agents Market Regional Insights
Europe is expected to dominate the Nucleating and Clarifying Agents market during the forecast period. The market in Europe is driven by innovation. Europe’s most significant market is Germany. Due to the significant use of polymer materials in packaging throughout the area, it is expected to grow quickly throughout the forecast period. Among the important European companies are Coronas GmbH & Co. KG, Clariant AG, IMERYS S.A., and BASF SE. Globally expanding demand for nucleating and clarifying agents as well as increased plastic usage is driving the market. Over 348 million tonnes of plastic were generated globally, according to Plastic Europe, an association of plastics manufacturers. The market will grow as a result of the increasing usage of additives in packaging. Additives increase the crystallization rate and the optical characteristics of the packaging.
A sizeable percentage of the world market for nucleating and clarifying agents is located in Asia-Pacific. China, which is the biggest importer of polypropylene, provides the basis for the situation mentioned. China acquired polypropylene worth more than $6 billion in 2019 to meet growing regional demand. The regional market for nucleating and clarifying agents is expected to grow, driven in part by Japan and South Korea. China’s economic growth has consistently fueled market expansion throughout time. There are additional important markets in the region from Japan to South Korea, and Taiwan to India. Businesses involved in packaging and consumer goods are rapidly expanding their presence in the region, which will drive market growth during the forecast period.
Nucleating and Clarifying Agents Market Segmentation
By Agent Type:
- Nucleating Agents
- Clarifying Agents
- Random Copolymer
- Impact Copolymer
- Consumer Products
Nucleating and Clarifying Agents Market Key Competitors:
- Milliken & Company
- ADEKA Corporation
- Amfine Chemical Corporation
- Imerys S.A.
- Shandong Rainwell New Materials Technology Co., Ltd.
- BASF SE
- Clariant AG
- PolyOne Corporation
- New Japan Chemical Co., Ltd.
- Polyvel Inc.
- GCH Technology Co Ltd.
- HPLA Group
- TRAMACO GmbH
- Everspring Chemical Co., Ltd.
- L. Brüggemann KG
- Reedy Chemical Foam & Specialty Additives
- Teknor Apex
- Shanxi Oriental Faith Tech Co., Ltd.
- Techmer PM (Polymer Modifiers)
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Key questions answered in the Nucleating and Clarifying Agents Market are:
- What are Nucleating and Clarifying Agents?
- What is the growth rate of the Nucleating and Clarifying Agents Market for the next five years?
- What is the nature of competition in the Nucleating and Clarifying Agents industry in developed economies and developing economies?
- Who are the key players in the Nucleating and Clarifying Agents Market?
- Who are the market leaders in Nucleating and Clarifying Agents in Europe
- Who are the market leaders in Nucleating and Clarifying Agents in USA and Canada
- Who are the market leaders in Nucleating and Clarifying Agents in India, China, Japan, and South Korea?
- What are the factors affecting growth in the Nucleating and Clarifying Agents Market?
- Who held the largest market share in the Nucleating and Clarifying Agents Market?
- What are the factors for the growth of the Asia-Pacific region in the Nucleating and Clarifying Agents Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Segment and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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