Global Nucleating and Clarifying Agents Market - 2019-2026
Nucleating agents are useful for promoting the crystallization of semi crystalline polymers such as polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), and others. These agents increase the thermodynamically favorability of the crystallization process. Nucleating agents provide the enhanced properties such as flexural modulus and heat deflection temperature (HDT) to the polymers. The usage of the nucleating agents in the polypropylene provide the several benefits such as property enhancement, improved molding productivity, and increased transparency. Clarifying agents are useful for improving the optical properties such as transparency, gas barrier, chemical resistance, and others in the polymers. The global nucleating and clarifying agents market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the increasing demand for the nucleating and clarifying agents with the growing usage of the plastic across the globe. According to the Plastic Europe, an Association of Plastics Manufacturers, around 348 million tonnes of the plastic were produced worldwide. The increasing adoption of the additives in packaging shall stimulate the market growth. Additives enhance crystallization rate & improve optical properties of the packaging.
There is increase in the launch of the nucleating and clarifying agents. For instance, in May 2018, Milliken & Company had launched the new Hyperform HPN-715 agent to its Hyperform HPN nucleating agents. The new Hyperform HPN-715 agent increases stiffness by up to 10% versus competitive materials while maintaining desirable impact performance. It provides the higher heat deflection temperatures (HDTs) in comparison to the other advanced nucleators. It has raised the bar for stiffness and thermal stability of polypropylene. The new Hyperform HPN-715 provide the thermal stability by improving the HDT of PP. It delivers faster nucleating times in comparison to the other technologies.
In October 2019, Clariant had launched two new additives based on renewable feedstock i.e., Licocene PE 4201 Terra and Licocare RBW 360 TP Vita. Licocene PE 4201 Terra is a highly valuable lubricant for polyolefins and nucleating agent for EPS. Licocare RBW 360 TP Vita is a multifunctional additive that provides a combination of properties of the lubrication and nucleation agents. Licocare RBW 360 TP Vita has demonstrated an excellent thermal stability, low volatility and outstanding color stability.
Several companies are focusing on expanding the manufacturing capacity for the production of the nucleating and clarifying agents. For instance, in May 2019, Milliken & Company had begun the largest specialty chemical plant in its history in the Blacksburg, South Carolina. The new plant would increase the capacity for its Millad NX 8000 clarifier by 50% to help meet fast-growing global demand. This ground-breaking polypropylene additive provides plastic converters with significant sustainability and performance advantages. Millad NX 8000 would create opportunities to replace less sustainable plastics such as polystyrene and PVC with NX UltraClear PP, a type of polypropylene that can only be produced using the Millad NX 8000 clarifier.
The global nucleating and clarifying agents market is segmented based on the form as the powder, granules, and liquid. The powder segment accounts for the highest market share of XX% in 2019 due to the highest usage of the powdered nucleating and clarifying agents as these agents can generate the smooth texture on the final product surface. Powdered nucleating and clarifying agents are available in the form of small particles that provide the large surface areas. These agents can reduce difficulties while compounding with other chemicals or polymers. Powdered nucleating and clarifying agents are effective in reducing the phenomenon of pinhole, big ripple, and snow pattern caused by static defects. Powdered nucleating and clarifying agents produce a soft texture on the finished product surface.
Further, the market is also classified based on the polymer as the polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), and others. Polypropylene (PP) segment accounts for the highest market share of XX% in 2019. Polypropylene is the semi-crystalline polymer that is slightly harder and more heat resistant & chemical resistant. It is widely used in the packaging and labelling. Polypropylene takes the longer time to crystallize while processing. Nucleating and clarifying agents are effective in expediting the crystallization rate, improving the optical properties, and increasing the rate of production of the polypropylene.
By region, the global nucleating and clarifying agents market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia-Pacific dominated the global nucleating and clarifying agents market and is expected to grow at the highest CAGR during the forecasted period owing to the higher usage of the higher usage of the nucleating and clarifying agents for packaging applications. Nucleating and clarifying agents are effective for enhancing the mechanical properties, thermal stability and transparency to the products. There is growing usage of the nucleating and clarifying agents for the packaged food and superior quality consumer products. The increasing purchasing power and domestic income of the people shall stimulate the market growth over the forecasted peroid.
North America is expected to have the positive market growth due to the growing usage of the plastic. There is growing usage of the plastics in pharmaceutical applications. The growing demand for the packaged food and superior quality consumer products shall stimulate the market growth. There is presence of the several companies developing the nucleating and clarifying agents. The advanced technologies are used for the development of the nucleating and clarifying agents. There is presence of the lucrative opportunities for the nucleating and clarifying agents.
The global nucleating and clarifying agents market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Milliken & Company, Adeka Corporation, BASF SE, Clariant AG, Polyone Corporation, GCH Technology Co., Ltd., Plastiblends India Limited, and New Japan Chemical Co., Ltd. are the leading market players with significant market share. In November 2019, UL Environment & Sustainability, a unit of the global UL group had reviewed and certified that four grades of Milliken Chemical's Hyperform HPN enabled an average of 5-8 per cent energy savings for firms that injection mould thin-wall container lids or similar PP products. This certification applies to the Asia region, but can be extended to a global recognition.
The major players are using product development, novel product launches, market expansion, and product diversification strategies for holding their position in the market. For instance, in April 2017, Clariant, a world leader in specialty chemicals had expanded the CESA-nucleant masterbatches designed to improve the performance of homopolymer, random, and copolymer polypropylenes for clear packaging applications. These are the easy-to-use formulations that provide the processors a flexible, affordable, alternative way to modify the materials. The latest CESA-nucleant formulations contain the nucleating and clarifying technology essential to solving these problems. CESA-nucleant masterbatches are available in standard or custom formulations designed for clarification and/or nucleation.
In April 2016, Riverdale Global had launched the nucleating and clarifying agents for PP & HDPE to shorten cycle times while obtaining the cost and accuracy advantages of liquid additives over pellet concentrates.
The companies are entering into the collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for nucleating and clarifying agents and their expansion across the globe. For instance, in January 2018, PolyOne Corporation acquired IQAP Masterbatch Group S.L., a privately-owned Spanish company that manufactures specific colorants and additives for several polymer industries. The acquisition was undertaken to increase the company's customer base, including the transportation, packaging, consumer, wire & cable, and textiles sectors. It has two production facilities and a technology lab located in Spain. This acquisition helped the company increase its market share in the European market.
In February 2017, Adeka Corporation had acquired the additional shares of Showa Kosan Co, Ltd. Under the terms of agreement, Showa Kosan would be a subsidiary of Adeka. This acquisition would help the company to expand sales of Adeka's products such as polymer additives, epoxy and urethane resins, as well as materials used in electronics and information technology (IT) through its long-term and stable partnership with Showa Kosan, and strive to boost shareholder value through improving profitability.
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