Nucleating and Clarifying Agents Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032
The report titled 'Global Nucleating and Clarifying Agents Market - Growth, Share, Opportunities, and Competitive Analysis, 2018 - 2024' offers strategic visions into the global nucleating and clarifying agents market along with the market size (Revenue - US$ Bn and Volume - Kilo Ton).
The said research study covers in-depth analysis of multiple market segments based on polymer type, end-user and study across different topographies. The report is also inclusive of competitive profiling of the leading nucleating and clarifying agent vendors, and latest developments. Nucleating agents are the agents mostly used in polypropylene, where they provide mainly three benefits such as improved molding productivity, property enhancement and increased transparency. When nucleating agents are used purposely for optimizing the optical properties, they are also known as clarifying agents. Nucleating agents are added in very small amount relative to the polymer. The efficiency of an agent is often described by the ensuring peak crystallization temperature at a particular cooling rate of the polymer, easily measured by differential scanning calorimetry.
The market for nucleating and clarifying agents is anticipated to expand at a CAGR of 6.4% during the forecast period from 2018 to 2024. The global nucleating and clarifying agents market was valued at US$ 2.61 Bn in 2017.
The global nucleating and clarifying agents market is segmented based on the polymer type, application and geography. On the basis of types of polymer, the global nucleating and clarifying agents are segmented into polypropylene, polyethylene, polyethylene terephthalate and others. Polyethylene is further subdivided into LLDPE, LDPE and HDPE. The polypropylene type segment of the nucleating and clarifying agents market is expected to record the quickest growth rate during the estimate period. The growing use of polypropylene in firm packaging for foods and beverages and consumer goods will drive the demand for nucleating and clarifying agents in polypropylene. The increasing demand for polypropylene across the sphere for various applications is likely to result in an increase in polypropylene production. Thus, the demand for nucleating and clarifying agents is expected to rise for efficient and high quality production. On the basis of application, the global nucleating and clarifying agents market are segmented into packaging, automotive, consumer products and others.
The major factors in the growth of the packaging application are changing consumer routines, rapid urbanization, growing health awareness among different classes of consumers, economic trends and developments in packaging technology and material. The rising demand for high quality packaging in foods & beverages throughout the world are expected to drive the nucleating and clarifying agents market in the application of packaging. These agents convey superior physical properties, growing impact resistance and enhanced transparency in polymers used for packaging. As a result, it is expected to reduce the harm caused during transportation, and provide improved aesthetic value to packaged products.
On the basis of region, the global nucleating and clarifying agents market is segmented into Asia-Pacific, Europe, North America, Latin America and Middle East Africa. Asia-Pacific holds the largest market share in the global nucleating and clarifying agents market due the rise in demand from applications such as automotive, packaging and consumer products. This results in the growth of the demand for polymers across various applications which is further expected to drive the demand for nucleating and clarifying agents for the efficient manufacture of polymers. There is expected to be increase in growth in the production of various polymers in India, China and Thailand during the estimate period.
The rising disposable incomes in emerging countries like India, China, Thailand and Malaysia are expected to determine the demand for high quality consumer goods. This is expected to drive the demand for nucleating and clarifying agents for the manufacture of a greater quality of consumer products. The nucleating and clarifying agents market is moderately fragmented; it is dominated by large and medium nucleating and clarifying agents companies. Many small and medium companies involved in the production of nucleating and clarifying agents are located across the globe.
Key players in the market include Everspring Chemical Co., Ltd., Amfine Chemical Corporation, Adeka Palmarole, B.N. Mehra And Co., Vikram & Company, Palmarole AG and others. The market has a lot of demand for the new companies to start up their production in the field of nucleating and clarifying agents.
Market Segmentation:
By Polymer type
- polypropylene
- polyethylene
- terephthalate
- others
By Application
- packaging
- automotive
- consumer products
- others
By Geography
- North America
- Europe
- Asia-Pacific (APAC)
- Middle East & Africa (MEA)
- Latin America
