Nucleating And Clarifying Agents Market Estimated To Register CAGR Of Over 6% By 2026

Nucleating and clarifying agents market estimated to register CAGR of over 6% by 2026

06-Dec-16

The global market for nucleating and clarifying agents is projected to reach US$4.45 bln by 2026, at a CAGR of 6.2% from 2016 to 2026, as per MarketsandMarkets. The increasing use of polymers in various applications, such as packaging, consumer products, and automotive are expected to drive the demand for nucleating (clarifying) agents for the efficient production of various polymers.
The global nucleating (clarifying) agents market has been segmented on the basis of polymers into polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), and others. The polypropylene segment of the nucleating (clarifying) agents market is expected to register the fastest growth rate during the forecast period. The increasing use of polypropylene in rigid packaging for foods & beverages, and consumer products will drive the demand for nucleating (clarifying) agents in polypropylene. The rising demand for polypropylene across the globe for various applications is expected to result in an increase in polypropylene production. Thus, the demand for nucleating (clarifying) agents is expected to increase for efficient and high quality production.

The packaging application is projected to grow at the highest CAGR from 2016 to 2026, both, in terms of value and volume. The major drivers in the growth of the packaging application are rapid urbanization, changing consumer lifestyles, economic trends, growing health awareness among different classes of consumers, and developments in packaging material & technology. The increasing demand for high quality packaging in foods & beverages across the globe are expected to drive the Nucleating (Clarifying) Agents Market in the packaging application. These agents impart superior physical properties, increasing impact resistance, and improved transparency in polymers used for packaging. This in turn is expected to reduce the damage caused during transportation, and provide better aesthetic value to packaged products.

The growth of the market in the region is driven by the increased demand from applications such as packaging, automotive, and consumer products. The growing demand for polymers across various applications also is expected to drive the demand for nucleating (clarifying) agents for the efficient production of polymers. There is expected to be high growth in the production of various polymers in China, India and Thailand during the forecast period. This is expected to drive the demand for nucleating (clarifying) agents, as these agents reduce the cycle time, which in turn results in a higher production rate. The increasing disposable incomes in emerging countries like China, India, Malaysia and Thailand are expected to drive the demand for high quality consumer products. This is expected to drive the demand for nucleating (clarifying) agents for the manufacture of a superior quality of consumer products.