10-Jan-17 The global nucleating (clarifying) agents market is projected to reach US$4.45 bln by 2026, at a CAGR of 6.2% from 2016 to 2026, as per Research and Markets. 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.
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.
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.
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.
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