Nucleating and Clarifying Agents Market Worth $504 Million

CHICAGO, September 15, 2022 (Globe Newswire) — Nucleating and Clarifying Agents Market Projected to reach USD 504 million by 2027, at a CAGR of 7.3% from USD 353 million in 2022, according to a new report by MarketsandMarkets™. The market for nucleating and clarifying agents is primarily driven by the increasing use of a variety of polymers such as PP, PE and PET in daily-use products such as household containers; automobiles; aerated soft drinks, frozen food, and fruits, etc. In addition, it is also driven by the rapidly growing industrial sector in emerging economies such as India, Brazil and Mexico.

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“Browse the TOC in depth”Nucleating and Clarifying Agents Market,
337 – Tables
53 – Figures
272 – Page

The list of key players in the Nucleating and Clarifying Agents market includes:

  1. Milliken & Company (US),
  2. Adeka Corporation (Japan),
  3. Imeries SA (France),
  4. Shandong Renwell New Material Technology Co., Ltd. (China),
  5. BASF SE (Germany), and
  6. Clariant AG (Switzerland).

Nucleating and Clarifying Agents Market Dynamics:

  1. Driver: increase in plastic consumption
  2. Sanctions: Raising awareness about the ill effects of plastic
  3. opportunity: growth in pharmaceutical applications
  4. Challenges: Appropriate dosage of nucleating and clarifying agents

Major findings of the study:

  1. The Clarifying Agent was the largest agent type of the Nucleating & Clearing Agent market in terms of volume in 2021
  2. In terms of value, powder was the largest form for the nucleating and clarifying agent market in 2021
  3. Packaging was the largest application for the nucleating and clarifying agent market in 2021 in terms of value
  4. Europe was the largest market for nucleating and clearing agents in 2021 by volume.

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During the forecast period, Clarifying Agents is projected to grow at the fastest CAGR in terms of volumes

During the forecast period, Clarifying Agents is projected to be the fastest growing segment in terms of volume. Clarifiers are widely used in the manufacture of products from semi-crystalline polymers used in packaging applications for food and beverages and pharmaceutical equipment or packaging, in which the property of transparency is a major concern.

Granule form is expected to grow at the fastest CAGR, in terms of volume, during the forecast period

In terms of volume, granule form is anticipated to be the fastest growing segment in the global nucleating and clarifying agents market, during the forecast period. Owing to its cost-effectiveness, granule form is gaining traction for its application in various industries. It is also compatible with conventional feeders and is used to achieve efficiency in material handling.

Polypropylene is estimated to be the fastest growing polymer in the market of nucleating and clarifying agents in terms of value

PP is a widely used polymer in various applications such as packaging, consumer products and automotive. Demand for products with higher aesthetic value and better transparency for a variety of food packaging and consumer products is expected to drive the market for nucleating and clarifying agents in the PP segment.

Asia Pacific is expected to be the fastest growing market for nucleating and clarifying agents during the forecast period in terms of value and volume.

Asia Pacific is the most promising regional market for polymers and related industries, including nucleating and clarifying agents. The increasing demand for packaging, consumer products and automotive applications is driving the market for nucleating and clarifying agents in this sector. The increasing purchasing power of the middle class population also acts as a major driver for the market.

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