PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1620870
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1620870
In terms of value, the nucleating & clarifying agents market is estimated to grow from USD 378.9 million in 2024 to USD 512.5 million by 2029, at a CAGR of 6.2%. Stringent regulations and policies by the government towards eco-friendly manufacturing is positive influencing the nucleating & clarifying agents market. Many countries have created regulations that encourage manufacturers to reduce plastic waste and employ eco-friendly production. Sustainability has become the most crucial parameter for companies to select materials across industries; and nucleating and clarifying agents help to achieve it by providing the ability of recycling and lightweight plastics. These agents enhance the property of polypropylene along with other polymers and reduce the material usage and energy consumption to process these materials.
Scope of the Report | |
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Years Considered for the Study | 2018-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Million), Volume (Ton) |
Segments | Agent Type, Form, Polymer, Application, and Region |
Regions covered | Asia Pacific, Europe, North America, Middle East & Africa, and South America |
"Nucleators segment is projected to be the second-fastest growing segment of nucleating & clarifying agents market, during the forecast period"
Nucleators segment is estimated to be the second-fastest growing segment of nucleating & clarifying agents market, during the forecast period. The development in polymer science has brought in significant technological advancements transforming the functionality and application of nucleators in a number of industrial sectors. Advanced chemical and material sciences have created some specific nucleating agents fit for special applications, resulting in enabling the manufacturer with increased flexibility to formulate the polymer with increased mechanical strength, thermal stability, transparency, and crystallinity.
"Granules segment is projected to witness the second-highest CAGR in the nucleating & clarifying agents market, during the forecast period."
The granules segment is projected to witness the second-highest CAGR in the nucleating & clarifying agents market, between 2024 and 2029. The growth is attributed to the size and the physical nature of granules that render them cost-effective in terms of storage and transportation. Granules occupy a smaller space in the shipping containers and warehouses and therefore, the attractive option for producers wanting to streamline their processes due to reduced storage and shipping costs. Their robust form ensures minimal spillage during handling, which can help reduce contamination and waste.
"Other polymers segment was the fourth-largest polymer type of nucleating & clarifying agents market, in terms of value, in 2023."
Other polymers segment stands as the fourth-largest polymer type in the nucleating & clarifying agents market. Other polymers like polystyrene and acrylonitrile butadiene styrene are increasingly being used for specialty packaging solutions that require a compromise between strength, rigidity, and aesthetic appeal. Clarifying agents help improve the hardness and clarity for these polymers in protective and display packaging. These polymers, which are enhanced by nucleating and clarifying agents, meet the evolving consumer needs for high-end and long-lasting products and are used in luxury gadgets, car interiors, or premium packaging.
"Automotive segment was the third largest application of nucleating & clarifying agents market, in terms of value, in 2023."
Automotive segment stands as the third-largest application in the nucleating & clarifying agents market. Automotive applications demand precise component dimensions to ensure proper assembly and operation. Nucleating agents reduce the processing-related warpage and shrinkage by improving crystallinity in polymers, thus ensuring constant performance and compatibility in high-precision assemblies through improved dimensional stability in components such as battery casings, air intake manifolds, and instrument panels. Nucleating agents enhance the toughness and heat resistance of polymers, thus enhancing their durability in adverse conditions. This is crucial for the under-the-hood components such as engine covers and parts for the cooling system.
"North America was the second largest region in the nucleating & clarifying agents market, in terms of value."
North America was the second-largest region in the nucleating & clarifying agents market, in terms of value, in 2023. The nucleating & clarifying agents market in the region is comparatively mature, growing slower than the developing markets in the Asia Pacific region and Europe. Technological innovation is a major driving factor for the growth of the nucleating and clarifying agents market in North America, a region known for its emphasis on modern manufacturing and material science. Besides enhancing the plastic qualities, advanced developments in polymer processing, additive manufacturing, and material optimization are bringing new opportunities for the applications of these agents in several industries.
The key players profiled in the report include Milliken & Company (US), ADEKA Corporation (Japan), Imerys S.A. (France), Clariant AG (Switzerland), BASF SE (Germany), New Japan Chemical Co., Ltd. (Japan), Plastiblends India Limited (India), Avient Corporation (US), GCH Technology Co., Ltd. (China), and Shandong Rainwell New Materials Technology Co., Ltd. (China).
Research Coverage
This report segments the market for nucleating & clarifying agents based on agent type, form, polymer, application, and region and provides estimations of value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for nucleating & clarifying agents.
Reasons to Buy this Report
This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the nucleating & clarifying agents market; high-growth regions; and market drivers, restraints, and opportunities.