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Global Polymer Processing Aid Market - Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Aug 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Polymer Processing Aid Market - Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 2.21 Billion
Diagram Market Size (Forecast Year) USD 3.44 Billion
Diagram CAGR %

Global Polymer Processing Aid Market, By Polymer (Polyethylene, Polypropylene, Others), Application (Blown Film and Cast Film, Wire and Cable, Extrusion Blow Molding, Pipe and Tube, Fibers and Raffia, Others) – Industry Trends and Forecast to 2029.

Polymer Processing Aid Market Analysis and Size

Polymer processing aid is high-performance fluoroelastomer which is used in the processing of polyolefin polymers. It is also used in the processing and production of different polymers and in the plastic sector. The rise in the use of plastics in various end-user industries, such as automotive, building and construction, consumer goods and packaging are expected to drive the growth rate of the polymer processing aid market. Also, growing public interest towards the environment-friendly and sustainable products will create small hurdles for overall polymer processing aid market during the forecast period of 2022-2029.

Data Bridge Market Research analyses that the polymer processing aid market is expected to undergo a CAGR of 5.70% during the forecast period. This indicates that the market value, which was USD 2.21 billion in 2021, would rocket up to USD 3.44 billion by 2029.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Polymer Processing Aid Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Polymer (Polyethylene, Polypropylene, Others), Application (Blown Film and Cast Film, Wire and Cable, Extrusion Blow Molding, Pipe and Tube, Fibers and Raffia, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

3M (U.S.), Arkema (France), Clariant AG (Switzerland), Daikin America, Inc. (Japan), Fine Organics (India), Micro-Epsilon (Lebanon), PolyOne Corporation (U.S.), Tosaf Compounds Ltd. (Israel), Wells Plastics Ltd. (U.K.), BP p.l.c (U.K.), TotalEnergies (France), Hanwha Group (South Korea), Ducor Petrochemicals (Netherlands), Borealis AG (Austria), MOL GROUP (Hungary), Reliance Industries Limited (India), Borouge (UAE), china petrochemical corporation (china), Formosa plastics corporation (Taiwan), Petronas chemicals group Berhad (Malaysia), Mitsui chemicals inc. (Japan), Exxon Mobil Corporation (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands)

Market Opportunities

  • Growth and expansion of buildings and construction industry
  • Increasing awareness about the benefits of polymer processing aidtechnique  
  • Rising research and development opportunities

Market Definition

Polymer processing aids (PPAs) are those additives combined with the base polymer to improve the processing and processability characteristics of the material and the quality of the final product. These processing aids are designed to handling of high molecular weight polymers and improve the melt processability. They can also give finished products and improved the aesthetic properties by removing die lines and flow marks. They can be used with several polymers including HDPE, LDPE, LLDPE, PP, polystyrene, ABS and others.

Polymer Processing Aid Market Dynamics

Drivers

  • Rising demand in packaging sector

There are several packaging options available in the market, but one of the most popular options widely used for packaging is polyethylene. It is the most durable plastic because of unique properties such as chemical and heat resistance. The rising demand of polyethylene for packaging products in the packaging industry is expected to drive the growth of the polymer processing aid market.

  • Rising demand of blown films and cast films

Blown films and cast films are normally used in the manufacturing of agriculture films, food and non-food packaging, and tapes. Rise in demand for agriculture films due to increasing end-user industries, mainly in developing countries which is driving the demand for polymers such as linear low density polyethylene (LLDPE), high density polyethylene (HDPE), and low Density Polyethylene (LDPE) with improved performance parameters. These are the major factor which are anticipated to drive the demand for the polymer processing aid market.

  • Rise the demand from several industries

The rise in the demand for polymer processing aid for the  production of high quality polymer products for several industries such as scientific research labs, manufacturing companies, defence, aviation, automobile, telecommunications, and others are expected to drive the market growth rate.

Opportunities

  • Rising demand for battery electric vehicles

The focus of manufacturers are shifting towards the electric vehicles in the developed and developing countries which will hamper the growth of existing IC engine vehicles and also help in the growth of the polymer processing aid market. According to IEA, the Netherlands, Norway and Japan are leaders in the electronic vehicles segment. Norway held the share of 46% in terms of the global new electric car sales which has reported by IEA in 2018. So, with the growing demand for electric vehicle, the manufacturer will look to decrease the weight of the vehicle’s due to this create the immense opportunities for the polymer processing aids market.

Restraints/Challenges

Furthermore, polymer processing aids mainly depend on the type of polymers used in the extrusion process that standardises the quality of finished products. These factors can act as major challenges for the polymer processing aid market during the forecast period.

Also, during the process of polymer processing aids some of the polymers can get diluted which can also hinder the complete quality of the final product and act as a challenge for the manufacturers in the polymer processing aid market.

This polymer processing aid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polymer processing aid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Polymer Processing Aid Market

The outbreak of COVID-19 pandemic has badly affected the global industries and also affected the global economy this has changed the consumer spending patterns. The major end users industries of polymer processing aids such as automotive, food and beverages, construction, packaging, and transportation have been negatively impacted by the ongoing pandemic. However, the growing concern over the unparalleled upsurge in the single-use plastics such food & polyethylene goods packages, masks, as protective medical suits, gloves, hand sanitizer bottle and medical test kits since the coronavirus pandemic began. This is also depicted to show positive impact toward the growth of the polymer processing aid market.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Polymer Processing Aid Market Scope

The polymer processing aid market is segmented on the basis of polymer and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Polymer

  • Polyethylene
  • LLDPE
  • LDPE
  • HDPE
  • Others
  • Polypropylene
  • Others

 Application

  • Blown Film and Cast Film
  • Wire and Cable
  • Extrusion Blow Molding
  • Pipe and Tube
  • Fibers and Raffia
  • Others

Polymer Processing Aid Market Regional Analysis/Insights

The polymer processing aidmarket is analysed and market size insights and trends are provided by country, polymer and application as referenced above.

The countries covered in the polymer processing aidmarket report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the polymer processing aid market due to the excellent composition of aromatic hydrocarbons, production and consumption of polyester goods and well established distribution channel in this region.

North America will continue to project the highest compound annual growth rate due to the growing demand for polypropylene with other polymers in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Polymer Processing Aid Market Share Analysis

The polymer processing aid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polymer processing aid market.

Some of the major players operating in the polymer processing aid market are:

  • 3M (U.S.)
  • Arkema (France)
  • Clariant AG (Switzerland)
  • Daikin America, Inc. (Japan)
  • Fine Organics (India)
  • Micro-Epsilon (Lebanon)
  • PolyOne Corporation (U.S.)
  • Tosaf Compounds Ltd. (Israel)
  • Wells Plastics Ltd. (U.K.)
  • BP p.l.c (U.K.)
  • TotalEnergies (France)
  • Hanwha Group (South Korea)
  • Ducor Petrochemicals (Netherlands)
  • Borealis AG (Austria)
  • MOL GROUP (Hungary)
  • Reliance Industries Limited (India)
  • Borouge (UAE)
  • china petrochemical corporation (china)
  • Formosa plastics corporation (Taiwan)
  • Petronas chemicals group Berhad (Malaysia)
  • Mitsui chemicals inc. (Japan)
  • Exxon Mobil Corporation (U.S.)
  • LyondellBasell Industries Holdings B.V. (Netherlands)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The polymer processing aid market value is projected USD 3.44 billion by 2029.
The polymer processing aid market is projected to grow at a CAGR of 5.70% during the forecast period of 2022-2029.
On the basis of application, the Polymer Processing Aid Market is segmented into Blown Film and Cast Film, Wire and Cable, Extrusion Blow Molding, Pipe and Tube, Fibers and Raffia, Others.
The major players operating in the Polymer Processing Aid Market are 3M (U.S.), Arkema (France), Clariant AG (Switzerland), Daikin America, Inc. (Japan), Fine Organics (India), Micro-Epsilon (Lebanon), PolyOne Corporation (U.S.), Tosaf Compounds Ltd. (Israel), Wells Plastics Ltd. (U.K.), BP p.l.c (U.K.), TotalEnergies (France), Hanwha Group (South Korea), Ducor Petrochemicals (Netherlands), Borealis AG (Austria), MOL GROUP (Hungary), Reliance Industries Limited (India), Borouge (UAE), china petrochemical corporation (china), Formosa plastics corporation (Taiwan), Petronas chemicals group Berhad (Malaysia), Mitsui chemicals inc. (Japan), Exxon Mobil Corporation (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands).
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