The use of Nucleating and Clarifying Agents is growing because the results are effective and high caliber. With the aid of powdered agents, the pinhole, wavy, and snow patterns are transformed into a smooth texture, which helps produce many cosmetic end products that are expected to propel market growth. The use of polymers such as polyethylene glycol as emulsifiers and emollients, which enable products to penetrate deeply into the skin, are additional factors that contribute to market expansion.
According to Data Bridge Market Research, the global nucleating and clarifying agents market is expected to reach the value of USD 3,361.98 million in 2022, would rocket up to USD 5,545.68 million by 2030, and is expected to undergo a CAGR of 6.2% during the forecast period of 2023 to 2030.
"Rising adoption of plastics in packaging industry surge market demand"
The rising adoption of plastics in the packaging industry is driven by their advantageous properties such as lightweight, durability, and cost-effectiveness. Nucleating and clarifying agents are crucial in enhancing the optical characteristics of plastic packaging materials, improving clarity and transparency. These agents aid in reducing haze, enhancing gloss, and achieving better light transmission, thereby meeting the aesthetic and functional requirements of packaging. The growing use of plastics in the packaging industry propels the demand for nucleating and clarifying agents.
What restraints the growth of the global nucleating and clarifying agents market?
"Stringent environmental regulations can impede the market growth”
The nucleating and clarifying agents market may encounter challenges due to stringent environmental regulations governing the use and disposal of plastics. Regulations on waste management, recycling, and emissions control can increase production costs and restrict market growth. Compliance with these regulations requires investment in sustainable practices and technologies, such as using recyclable or biodegradable plastics. Adapting to and meeting these environmental regulations is crucial for the nucleating and clarifying agents market to thrive amidst the growing emphasis on sustainability and environmental responsibility.
Segmentation: Global Nucleating and Clarifying Agents Market
The nucleating and clarifying agents market is segmented on the basis of product, polymer, and application.
- On the basis of product, the nucleating and clarifying agents market is segmented into nucleating agent, clarifying agent, and others
- On the basis of form, the nucleating and clarifying agents market is segmented into powder, granules, liquid
- On the basis of polymer, the nucleating and clarifying agents market is segmented into polypropylene, polyethylene, polyethylene terephthalate, and others
- On the basis of application, the nucleating and clarifying agents market is segmented into packaging, consumer products, automotive, electronics, and others.
Regional Insights: Asia-Pacific dominates the Global Nucleating and Clarifying Agents Market
Asia-Pacific is poised to dominate and exhibit the fastest growth in the nucleating and clarifying agents market, driven by the rising demand for clear and transparent plastics in the packaging industry. The region's growing population, rapid urbanization, and expanding middle-class consumers fuel the demand for packaged products. Nucleating and clarifying agents enhance the optical properties of plastics, making them ideal for packaging applications. Asia-Pacific's robust packaging industry and increasing disposable incomes position the region as a key market for nucleating and clarifying agents.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-nucleating-and-clarifying-agents-market
Recent Developments in Global Nucleating and Clarifying Agents Market
- On November 1, 2022, The sale of Avient Corporation's Distribution business to an affiliate of H.I.G. Capital for $950 million in cash has been completed, according to the company, a leading global provider of specialized and sustainable material solutions. The anticipated proceeds are anticipated to be around $750 million after taxes.
- On September 1, 2022 The DSM Protective Materials division, whose flagship product is the renowned Dyneema, the World's Strongest Fiber, technology, and brand, was acquired by Avient.
The Prominent Key Players Operating in the Global Nucleating and Clarifying Agents Market Include:
- ADEKA CORPORATION (Japan)
- Amfine Chemical Corporation(U.S.)
- B.N.Mehra And Co.(India)
- BASF SE(Germany)
- Everspring Chemical Co., Ltd (China)
- GCH Technology (China)
- Imerys Group (Paris)
- Milliken Chemical (U.S.)
- New Japan Chemical Co., Ltd (Japan)
- Palmarole AG (Switzerland)
- Plastiblends India Limited (India)
- PolyOne Corporation (U.S.)
- Polyvel Inc. (U.S.)
- Shanxi Oriental Faith Tech Co., Ltd (China)
- TRAMACO Gmbh (Germany)
- Zibo Rainwell Co Ltd (China)
Above are the key players covered in the report, to know about more and exhaustive list of global nucleating and clarifying agents market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Nucleating and Clarifying Agents Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
