Nucleating & Clarifying Agents Market

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%. The packaging industry is becoming one of the major consumers of plastic which is one of the key factors increasing the demand for the nucleating & clarifying agents market. The lightweight, durable, and versatile nature of plastics makes them a preferred choice in packaging applications. These agents boost the transparency, strength, and thermal properties of plastics, which makes the plastic material suitable for packaging applications.

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).These players have adopted various growth strategies to strengthen their position in the market. These include introducing new technologies, expansions, acquisitions, and product launches to acquire larger market shares.

Founded in 1865 and headquartered in South Carolina, USA, Milliken & Company is the global leader of technology-based textiles. Aiding its mission are four main divisions in which the company operates: textiles, chemicals, floor coverings, and healthcare. The company's chemical division offers nucleating and clarifying agents for numerous industries, from automotive and transportation, construction, coatings, paints and inks, consumer goods, electronics and healthcare, to packaging. It is an innovative globally diversified performance materials company with numerous patents, trademarks and licenses for all its products. It has a strong market presence are being all over globe and has implemented several growth strategies like product launches and facility expansions to remain in the market.

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ADEKA Corporation is a diversified company that produces polymer additives, food products, electronics, functional chemicals, and life science products. The company has five reportable segments: polymer additives, life sciences, food products, environmental materials and electronic materials. Additionally, the others portion that outlines non-reportable segments of the operation, such as construction and construction management, logistics, and real estate operations. Through polymer additives segment, it offers nucleating & clarifying agents. Nucleating & clarifying agents account for a 20% share of the plastic additives segment of the company. The increased use of plastics in exterior materials such as PP and PC in the automotive industry is expected to drive the company’s market share.

Related Reports:

Nucleating & Clarifying Agents Market by Agent Type (Nucleators, Clarifiers), Form (Powder, Granules, Liquid), Polymer (PP, PE, PET), Application (Packaging, Consumer Products, Automotive, Electronics), and Region – Global Forecast to 2029

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