Global Polymer Processing Aid Market is valued at approximately USD 2.00 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.2 % over the forecast period 2021-2027.
Polymer processing aids are designed to improve the melt processability and handling of high molecular weight polymers. They can also give finished articles improved aesthetic properties by removing flow marks and die lines thereby improving the parts’ gloss and clarity. The growing demand for compatible processing aid for high-temperature applications, increasing geriatric population, and growing plastic industry has led to the adoption of Polymer Processing Aid across the forecast period.
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For Instance: as per the IBEF, India exported plastics raw materials worth US$ 352.04 million in July 2021, and the export from April 2021 to July 2021 was US$ 1.57 billion. Also, with the unconventional applications of PPA in various end-use industries, the adoption & demand for Polymer Processing Aid is likely to increase the market growth during the forecast period. However, less R&D expenditure in emerging markets impedes the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Polymer Processing Aid market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the increasing applicability of plastics in end-use industries such as automotive, building & construction, consumer goods, and packaging. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as rising disposable income, increasing population would create lucrative growth prospects for the Polymer Processing Aid market across Asia-Pacific region.
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Major market players included in this report are: Wells Plastics Ltd. (U.K.) 3M Company (U.S.) A. Schulman, Inc. (U.S.) Arkema S.A. (France) Clariant AG (Switzerland) Daikin America, Inc. (Japan) Fine Organics (India) Micro Epsilon (Lebanon) PolyOne Corporation (U.S.) Tosaf Group (Israel) The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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By Polymer Type: Polypropylene Polyethylene Others By Application: Blown Film & Cast Film Wire & Cable Extrusion Blow Molding Pipe & Tube Fibers & Raffia Others By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE
Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World
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