Polymer Processing Aid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Polymer Processing Aid Market is Segmented by Polymer Type (Polyethylene, Polypropylene, PVC, ABS, and Polycarbonate, and Other Polymer Types), Application (Blown Film & Cast Film, Wire & Cable, Extrusion Blow Molding, Fibers and Raffia, Pipe and Tube, and Other Applications), End-user Industry (Packaging, Building and Construction, Transportation, Textiles, IT and Telecommunication, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for all the above segments in terms of revenue (USD million) and volume (kiloton).

Market Snapshot

Polymer Processing Aid Market Overview
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: >4 %

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Market Overview

The market for polymer processing aids was valued at USD 1644 million in 2021 and is expected to record a CAGR of over 4% during the forecast period 2022-2027.

The COVID-19 pandemic negatively affected the demand for polymer processing aids in 2020. However, the market is now estimated to have reached pre-pandemic levels.

· Over the medium term, major factors driving the market studied include increasing demand for polymer processing aids in blown film & cast film and rising demand from the wire & cable segment.

· Growing demand for polymer processing aid in the fiber & raffia segment is expected to offer various lucrative opportunities for the market’s growth.

· By application, the blown film & cast film segment is expected to dominate the market owing to an increase in the production of food & non-food packaging, agriculture films, and tapes.

· The Asia-Pacific region dominated the polymer processing aid market across the globe, with the highest consumption from countries such as China, India, and Japan.

Scope of the Report

The polymer processing aid market is segmented based on polymer type, application, end-user industry, and geography. By polymer type, the market is segmented into polyethylene, polypropylene, PVC, ABS, polycarbonate, and other polymer types. By application, the market is segmented into blown film & cast film, wire & cable, extrusion blow molding, fibers & raffia, pipe & tube, and other applications. By end-user industry, the market is segmented into packaging, building and construction, transportation, textiles, IT and telecommunication, and other end-user industries. The report also covers the size and forecasts for the polymer processing aid market in 16 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million) and volume (kiloton).

Polymer Type
Polyethylene
LLDPE
LDPE
HDPE
Polypropylene
PVC, ABS, and Polycarbonate
Other Polymer Types
Application
Blown Film & Cast Film
Wire and Cable
Extrusion Blow Molding
Fibers and Raffia
Pipe and Tube
Other Applications
End-user Industry
Packaging
Building and Construction
Transportation
Textiles
IT and Telecommunication
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Russia
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand from Blown Film & Cast Film Segment

· Polymer processing aid is used during polymer formulation when molten polymers are subjected to extrusion processes so that they can be formulated into pipes, film, tubes, and other products. Polymer processing aid improves the quality of finished products.

· Polymer processing aids help in increasing film transparency, improving smoothness, improving product appearance, and improving mechanical properties. Owing to these factors, the demand for polymer processing aid is increasing in the blown film & cast film segment.

· Additionally, the rise in demand for packaging films, agriculture films, and tapes is increasing the demand for polymers such as high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and low-density polyethylene (LDPE) with improved properties such as high mechanical strength and durability. Due to this, the demand for polymer processing aids is expected to rise, which would stimulate its market.

· The market for cast film is expected to record a CAGR of over 3%, and the market for multi-layer blown films is projected to register a CAGR of over 6% during the forecast period.

· Owing to all the abovementioned factors, the polymer processing aid market is expected to grow rapidly over the forecast period.

Polymer Processing Aid Market Share

Asia-Pacific Region to Dominate the Market

· Asia-Pacific region is expected to dominate the market for polymer processing aid during the forecast period. In countries like China, India, Japan, and South Korea, owing to the increasing demand for plastics from various end-user industries like packaging, automotive, and building & construction, the demand for polymer processing aid has been increasing.

· The use of polymer processing aid helps in improving the surface quality of products, eliminating melt fractures, and reducing die deposits. These factors are expected to positively impact the polymer processing aid market.

· Additionally, the demand for polymer processing aid is expected to increase to meet the demand for clean films in food packaging and agriculture sectors in countries like China, India, Japan, and South Korea, which will stimulate the polymer processing aid market in the region.

· Furthermore, the optimum utilization of polymer processing aids can reduce the damage to polyethylene during the manufacturing process.

· Thus, the rise in demand for polymer products from various applications such as aviation, defense, automobile, telecommunication, scientific research labs, commercial facilities, and others is fueling the demand for polymer processing aid and thus, propelling its market.

· The blow molded plastics market in China is projected to register a CAGR of over 5% during the forecast period and is expected to reach USD 16 billion by 2025. This is likely to provide lucrative opportunities for the polymer processing aid market.

· The aforementioned factors, coupled with government support, are expected to contribute to the increasing demand for polymer processing aid during the forecast period.

Polymer Processing Aid Market Trends

Competitive Landscape

The polymer processing aid market is fragmented, with the top players accounting for a marginal share of the market. Some of the key companies in the market include 3M, Arkema, The Chemours Company, Mitsubishi Chemical Corporation, and Kaneka Corporation, among others.

Recent Developments

  • · In April 2021, Avient Corporation announced plans to feature its portfolio of sustainable materials and colorant technologies at Chinaplas 2021, held in Shenzhen in China. The sustainable solutions or products include HiFormer Liquid Polymer Processing Aid for cast and blown polyolefin film and offer significant performance enhancements.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Polypropylene from the Packaging Industry

      2. 4.1.2 Usage of PVC and HDPE in the Building and Infrastructure Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Governmental Regulations on Plastic Usage

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Polymer Type

      1. 5.1.1 Polyethylene

        1. 5.1.1.1 LLDPE

        2. 5.1.1.2 LDPE

        3. 5.1.1.3 HDPE

      2. 5.1.2 Polypropylene

      3. 5.1.3 PVC, ABS, and Polycarbonate

      4. 5.1.4 Other Polymer Types

    2. 5.2 Application

      1. 5.2.1 Blown Film & Cast Film

      2. 5.2.2 Wire and Cable

      3. 5.2.3 Extrusion Blow Molding

      4. 5.2.4 Fibers and Raffia

      5. 5.2.5 Pipe and Tube

      6. 5.2.6 Other Applications

    3. 5.3 End-user Industry

      1. 5.3.1 Packaging

      2. 5.3.2 Building and Construction

      3. 5.3.3 Transportation

      4. 5.3.4 Textiles

      5. 5.3.5 IT and Telecommunication

      6. 5.3.6 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 ASEAN Countries

        6. 5.4.1.6 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 US

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 UK

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Russia

        6. 5.4.3.6 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Ampacet Corporation

      3. 6.4.3 Arkema

      4. 6.4.4 Avient Corporation

      5. 6.4.5 Chenguang Fluoro and Silicone Elastomers Co. Ltd

      6. 6.4.6 Clariant

      7. 6.4.7 Daikin Industries Ltd

      8. 6.4.8 Dow

      9. 6.4.9 Evonik Industries AG

      10. 6.4.10 Fine Organics

      11. 6.4.11 Guangzhou Shine Polymer Technology Co. Ltd

      12. 6.4.12 Gujarat Fluorochemicals Limited (GFL)

      13. 6.4.13 Han Nanotech Co. Ltd

      14. 6.4.14 Kaneka Corporation

      15. 6.4.15 LyondellBasell Industries Holdings BV

      16. 6.4.16 MicroMB (INDEVCO Group)

      17. 6.4.17 Mitsubishi Chemical Corporation

      18. 6.4.18 Mitsui Chemicals Inc.

      19. 6.4.19 Nouryon

      20. 6.4.20 Plastiblends

      21. 6.4.21 PMC Group Inc.

      22. 6.4.22 Shanghai Lanpoly Polymer Technology Co. Ltd

      23. 6.4.23 Solvay

      24. 6.4.24 The Chemours Company

      25. 6.4.25 Tosaf Compounds Ltd

      26. 6.4.26 BASF SE

      27. 6.4.27 LG Chem

      28. 6.4.28 WSD Chemical Limited

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Electric Vehicles Penetration

    2. 7.2 Upcoming Projects in the Telecommunication Sector

**Subject to Availability

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Frequently Asked Questions

The Polymer Processing Aid Market market is studied from 2017 - 2027.

The Polymer Processing Aid Market is growing at a CAGR of >4% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

3M, Arkema Group, KANEKA CORPORATION, The Chemours Company, Mitsubishi Chemical Corporation are the major companies operating in Polymer Processing Aid Market .

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