[FURL=https://www.industryarc.com/Research/Nucleating-And-Clarifying-Agents-Market-Research-500093?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Nucleating and Clarifying Agents Market[/FURL] size is forecast to reach $3.90 billion by 2025, after growing at a CAGR of 6.34% during 2020-2025. Nucleating Agents give a higher level of crystallinity to polymers, bringing about improved mechanical properties, for example, hardness and flexural modulus. Clarifying agents have the extra advantage of additionally improving optical properties, specifically the transparency. The nucleating and the clarifying are useful in the smaller semi-crystalline polymers. The growth in the market is due to the increase in the usage of nucleating and clarifying agent in various sectors like, electrical and electronics, automotive, building & construction, paints & coatings, and others.Key Takeaways
Asia Pacific dominates the Nucleating and Clarifying Agents Market owing to rapid increase in the packaging segment.
The market drivers and restraints have been assessed to understand their impact over the forecast period.
The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
The other key areas of focus include the various applications and end use industry in Nucleating and Clarifying Agents Market and their specific segmented revenue.
Due to the COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of Nucleating and Clarifying Agents Market related industries has been negatively affected, thus hampering the growth of the market.
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Nucleating and Clarifying Agents Market Drivers
Rise in Demand for plastics in packaging industries
Industrialization has led to the increase in demand for nucleating and clarifying agents in various industries for different purposes. Plastic is an ideal component for packaging on account of its high quality, non-corrosive, and substance security, other similar properties.
Nucleating and Clarifying Agents Market Challenges
Rise in Environmental Pollution
The increasing concern over usage of plastic is hampering the growth of the market. The ban on single use plastic in many regions of the world has raised the huge concern over the growth of the market.
The emergence of COVID-19 pandemic
The emergence of COVID-19, which is declared a pandemic by the World Health Organization, is having a noticeable impact on global economic growth.
Nucleating and Clarifying Agents Market top five companies BASF SE, Miliken & Company, Adeka Corporation, Clariant AG, Imerys-French Limited Liability Company
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