Polymer Processing Aid Market

Polymer Processing Aid Market Growth (2023-2028):

Polymer Processing Aid Market will grow from US$ .5 billion in 2022 to $ 5.46 billion in 2028, recording a compound annual growth rate of above 7.26% over the forecast period from 2023-2028

Polymer Processing Aid is employed in polymer formulation to escalate the quality of finished goods. It is added to molten polymers when they are subjected to the extrusion process in order to be formulated into a film, tube, pipe, or other products. Polymer Processing Aid protects products from damage like fracture, die build-up, and degradation that can be irreversible and result in gels and dark spots in the end product.

Polymer Processing Aid Market Drivers and Restraints:

The escalated applicability of plastics in end-use businesses like automotive, construction, customer goods, and packaging is driving the expansion in the global polymer processing aid industry. Polymers also reduce time, aid in constant production, consume little energy, helps reduce cycle times and a faster transition, and helps reduce die pressure. Polymer processing aids are widely available worldwide and are used in the manufacture of polymer products through an extrusion process. The global polymer processing aid market is expected to experience increased demand among industries. Damage to polyethylene films during the manufacturing process can be reduced through the optimal use of polymer processing aids. Also, economic advantages can be obtained through the employment of polymer processing aids owing to the reduction in the production prices of the polymers owing to the enhanced efficiency and the high-quality product. The machine surfaces are rendered resistant to adhesions by polymer processing aids when processing polymers into plastics. Polymer processing aids also offer other operational benefits, such as improving surface quality, eliminating melt fractures, maintaining operating temperature, and reducing matrix deposits.

Every day many new advanced materials emerge on the market, requiring a polymer processing aid that helps mold materials into products. Polymer processing aid will experience an increase in demand due to its use in the production of high-quality polymer products that can be used more in scientific research laboratories in the fields of defense, aviation, automotive, telecommunications, manufacturing, industrial and commercial facilities, and much more. . The industry for polymer processing aids is predicted to rise during the foreseen period owing to its high advantages.

Polymer Processing Aid depends only on the type of polymer used during the extrusion process, which can affect the quality of the finished product and its cost. The growth of this market is majorly attributed to the escalating call for high-quality plastic sheets from different end-use businesses.

Furthermore, the rising call for suitable processing aids for high-temperature implementations is also driving expansion in the polymer processing aids industry. Among the factors holding back the growth of this market is a limited concentration in R&D activities for the development of new technologies.

POLYMER PROCESSING AID MARKET REPORT COVERAGE

MARKET SEGMENTATION

Polymer Processing Aid Market - By Type

• Polyethylene
• Polypropylene
• Others

The polyethylene sector is predicted to dominate the worldwide industry for polymer processing aids on the basis of worth and volume. Escalated consumption of HDPE, LLDPE and LDPE in the building, customer goods and automotive segments is driving expansion in the polyethylene sector.

Polymer Processing Aid Market - By Application

• Blown Film & Cast Film

• Extrusion Blow Molding

• Wire & Cable

• Pipe & Tube

• Fibers & Raffia

• others

Blown film and cast film implementation is predicted to be the biggest implementation sector of the worldwide polymer processing aid industry. This expansion is mainly credited to the escalating employment of technology aids to produce blown and cast films to meet the rising call for high-quality clean films in nations of China, and South Korea.

Polymer Processing Aid Market - By Region

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

Impact of COVID-19 on Polymer Processing Aid Market

Packaging Gateway observes some of the major problems facing the industry as an output of the Covid-19 coronavirus crisis, involving the impacts caused by self-isolation regulations, firms moving sourcing away from China, and reconsidering composites employed in packaging. The Covid-19 or coronavirus crisis has had a considerable effect on the packaging industry. Self-isolation rules led to limited supply and event cancellations, and supply chains are planning to move away from China, following production disruptions. One of the main issues in the industry arises from workforce having to self-isolate, especially in China where many packaging companies rely on manufacturing facilities. 

Some of the major players:

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), and Wells Plastics Ltd. (U.K.) among others.