The global clarifying agents market is projected to reach USD 338 million by 2027, at a CAGR of 7.5% from USD 235 million in 2022. The high demand for polymers and the need to achieve higher production rates and enhanced esthetics of products are expected to fuel the demand for clarifying agents.
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Based on form, the clarifying agents market has been segmented into, namely, powder, granule and liquid. Powder form hold the major market share, in terms of value and volume, during the forecast period. Powder clarifying agents are in the form of small particles that offer large surface area and reduce difficulties while compounding with other chemicals and polymers. Powder form clarifying agents are capable of acheiveing smooth texture on product surfaces. Powder clarifying agents are also easily dispersed on surfaces of final products along with slower migration compared to liquid.
Based on polymer, the clarifying agents market has been segmented into polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), and others. Polypropylene accounted for largest share in terms of value & volume, of the global market in 2021. The three types of thermoplastic polymers are homopolymers, block copolymers, and random copolymers. Clarifying agents are used in polypropylene to provide transparency and enrich various physical properties, such as increased crystallization temperature and impact resistance.
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Packaging, consumer goods, electronics, and others were identified as major applications for clarifying agents market. In 2021, packaging segment accounted for the largest segment having the highest market share, in terms of value and volume, followed by consumer products and electronics. Packaging is one of the key applications of the clarifying agents market. It includes food & beverage packaging, which is used for packaging water and carbonated soft drinks.
The market for clarifying agents is segmented into Europe, North America, Asia Pacific, Middle East & Africa, and South America based on region. Currently, Europe and North America are the major markets for clarifying agents due to increased demand for packaged food & beverages in the region. The clarifying agents market in the Asia Pacific region is projected to have the highest CAGR supported by the presence of key companies, such as ADEKA Corporation (Japan), New Japan Chemical Co., Ltd. (Japan), GCH Technology Co., Ltd. (China) and others.
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