Nucleating Agents Market annual growth rate is 4.03 percent
Nucleating Agents Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, Nucleating Agents Market was valued at USD 672 million in 2018 and projected to reach USD 912 million by 2025 growing at a CAGR of 4.03% during the forecast period 2018 to 2025.
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Nucleating Agents Market Growth Drivers and Restraints:
The global nucleating agents market is essentially driven by the growing use of different types of polymers in day-to-day activities. Furthermore, it is also driven by the fast developing industrial sector in emerging markets such as India, Brazil, and Mexico. The appearance of a great number of compounders, converters, and plastic manufacturers in these nations is expected to generate a high demand for nucleating agents for greater productivity. Nucleating means reduce the cycle rate for processing polymers which in turn, improves the production rate. This is expected to drive the use of nucleating means for processing polymers that are used for packaging.
The polypropylene share is expected to lead the global nucleating agents market throughout the forecast period, in terms of price and volume. The growing demand for polypropylene in the packaging and customer products application is expected to drive the demand for PP. Also, the range expansions of PP plants in emerging markets such as China, India, Thailand, and Middle Eastern countries are expected to drive the need for nucleating agents for reliable and efficient production. The packaging application section is expected to be the largest application section for these agents from 2016 to 2026, in terms of price and volume. This increase is primarily due to the increasing demand for high-quality packaging across various industries.
Geographical Analysis of Nucleating Agents Market:
The Asia-Pacific region is the actively growing in the global nucleating agents market. The building production capacities of various polymers and the increasing petrochemical industry in China, India, and Thailand is anticipated to drive the demand for nucleating factors in this region. The search for various polymers in this region is driven by the majority in the packaging, customer products, and automotive industries.
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Key Players of Nucleating Agents Market:
The major players are, Milliken & Company, Adeka Corporation (Japan), BASF SE, Clariant AG (Switzerland), A. Schulman, Inc., Imerys- French Limited Liability Company, and PolyOne Corporation, New Japan Chemical Co., Ltd., Bruggemann Group (Germany), and GCH Technology Co., Ltd. and others.
Nucleating Agents Market Segmentation:
By Type:
- Polypropylene (PP)
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
By Application:
- Packaging
- Consumer Products
- Automotive
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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