The Polymer Processing Aid market is a major supplier to the global polymer industries as there it is mostly used during processing polymer to plastic. The market is calculated to reach a total of USD 2.46 billion by 2023 at a 5.26 % CAGR.
Putnam Corporation, a leading manufacturer of minimally invasive medical devices, has introduced RilSlix coated wires and mandrels. This new product can be used as a processing aid in catheter manufacturing.
iD Additives Inc., a USA based plastic products manufacturer, has launched an eco-friendly solution for rust removal on injection molds, Blown film dies. The dies are both fast and highly-effective in the rust removing process. The die named iD Eco-Pro 360 is a water-based, green die which is tested and verified by EPA which has inflammable, non-aerosol, and hazard-free benefits.
Polymer Processing Aid Market Value and Growth:
The Global Polymer Processing Aid market size was around USD 1.9 billion by revenue, at the end of 2018. It is anticipated to grow at CAGR of 5.26 % to reach USD 2.46 billion by 2023.
Polymer Processing Aid Market Drivers and Restraints:
The rising demand for blown & cast film in the end use industries for their unique characteristics drives the global market for polymer processing aid in the mentioned forecast period. The use of polymer processing aid prevents the materials from sticking to the surface of machines during the processing of polymers to plastics. It also helps to improve the surface quality, maintain operational temperature, reduce die deposits and eliminate melt fractures. These advantages to the polymer manufacturing industries make it essential for them to use PPA and thus driving the global polymer processing aid market. However, the insufficient number of R&D setups in this field restrains the global market as there is a lack of newer technologies. Also, the concentration of the global market in the Asia Pacific region may have a negative effect on the Polymer Processing Aid market’s global expansion.
Polymer Processing Aid Market Segmentation Analysis:
By Polymer Type
Based on the Polymet Type the global polymer processing aid market is segmented into Polyethylene, Polypropylene, and Others. The polyethylene segment of polymer type is the largest in terms of market volume and market value and is expected to remain the same during the forecast period. The polyethylene segment can be further classified into Linear Low-Density Polyethylene (LLDPE), High- Density Polyethylene (HDPE), and Low-Density Polyethylene (LDPE). The increased consumption of high, low and linear low-density polyehtylenes in industries such as building & construction, automotive, packaging, and consumer goods is the main reason for the dominance of polyethylene in the global market.
Based on the application of the polymer which is processed the global polymer processing aid market is categorized into Blown Film & Cast Film, Extrusion Blow Molding, Wire & Cable, Pipe & Tube, Fibers & Raffia, and Others. Among the mentioned applications the blown film & cast film application is calculated to have the largest growth rate in the aforementioned forecast period. This application currently has the largest market value and volume. The growth is mainly due to the rising demand for high-quality cleaning films mostly in Japan, China, India, and South Korea. Special characteristics of blown films like high mechanical strength and soft, flexible nature of cast films make them applicable in different sectors of end-use industries.
Polymer Processing Aid Market Geographical Analysis:
By geography, the Global Polymer Processing Aid market is segmented as Latin America, Europe, Asia Pacific, Middle-East & Africa, and North America. The Asia Pacific had the largest global market share in the year 2018. It is projected to lead the global market with the highest growth rate in the forecast period, due to increasing demand for growing industries and scope of future opportunities, mainly in developing countries like Japan, India, and China. The market value of Europe and North America are nearly similar and are slow growing in nature when compared to the Asia Pacific. The low growth rate in these regions is the result of the regional advantages gained by the Asia Pacific like cheap labor and ease of resource availability. These advantages make the market centered in the Asia Pacific hence forcing Europe and North America to have slow growth in the aforementioned forecast period. The Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer chances for industry growth. Hence, the Polymer Processing Aid market in these regions is slow growing in nature.
Polymer Processing Aid Market Key Market Players:
By the end of 2018, 3M Company (U.S.), Mitsubishi Rayon Co. Ltd. (Japan) , A. Schulman, Inc. (U.S.), LG Chem (South Korea), Arkema S.A. (France), AkzoNobel (Netherlands), Clariant AG (Switzerland), Astra Polymers Compounding Co Ltd. (Saudi Arabia), Daikin America, Inc. (Japan), Dow Chemical Company (US), Fine Organics (India), Akdeniz Kimya (Turkey), Micro-Epsilon (Lebanon), BASF (US), PolyOne Corporation (U.S.), Mitsui Chemicals America Ltd. (US), Tosaf Group (Israel), and Wells Plastics Ltd. (U.K.) are the leading shareholders of the Global Polymer Processing Aid market. These companies have invested in R&D activities to develop advanced products and are currently focused on expansion strategies to improve their market value and position.
Polymer Processing Aid Market Research Report Key Highlights:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Polymer Type
5.1.5 Y-o-Y Growth Analysis, By Polymer Type
5.1.6 Market Attractiveness Analysis, By Polymer Type
5.1.7 Market Share Analysis, By Polymer Type
5.2.2 Blown Film & Cast Film
5.2.3 Extrusion Blow Molding
5.2.4 Wire & Cable
5.2.5 Pipe & Tube
5.2.6 Fibers & Raffia
5.2.8 Y-o-Y Growth Analysis, By Application
5.2.9 Market Attractiveness Analysis, By Application
5.2.10 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Polymer Type
220.127.116.11 By Application
6.1.4 Market Attractiveness Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Polymer Type
126.96.36.199 By Application
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Polymer Type
220.127.116.11 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 3M Company
8.3 Mitsubishi Rayon Co. Ltd
8.4 A. Schulman, Inc.
8.5 Arkema S.A.
8.6 LG Chem
8.8 Clariant AG
8.9 DOW Chemical Company
8.10 Astra Polymers Compounding Co Ltd.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures