Polymer Processing Aid Market

Global Polymer Processing Aid Market Size

The global polymer processing aid market size was valued at USD 3.84 billion in 2023. The global market is estimated to grow at a CAGR of 7.26% from 2024 to 2032 and be worth USD 7.22 billion by 2032 from USD 4.12 billion in 2024.

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 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 product.

MARKET DRIVERS

The rising applicability of plastics in end-use businesses like automotive, construction, customer goods, and packaging is driving the expansion of the global polymer processing aid industry. Polymers also reduce time, aid in constant production, consume little energy, help reduce cycle times and a faster transition, and help 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 polymers and the enhanced efficiency and high-quality product. The machine surfaces are rendered resistant to adhesions by polymer processing aids when polymers are processed 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 to 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 aid market.

MARKET RESTRAINTS

Limited concentration in R&D activities for the development of new technologies is hindering the growth of the polymer processing aid market.

IMPACT OF COVID-19 ON THE 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 the workforce having to self-isolate, especially in China, where many packaging companies rely on manufacturing facilities. 

REPORT COVERAGE

SEGMENTAL ANALYSIS

By Type Insights

The polyethylene segment is predicted to dominate the worldwide market for polymer processing aids on the basis of worth and volume over the forecast period. The rising consumption of HDPE, LLDPE, and LDPE in the building, customer goods, and automotive segments is driving expansion in the polyethylene segment in the worldwide market.

By Application Insights

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.

KEY MARKET PARTICIPANTS

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.) are some of the major companies in the global polymer processing aid market.

MARKET SEGMENTATION

This research report on the global polymer processing aid market is segmented and sub-segmented into the following categories.

By Type

• Polyethylene
• Polypropylene
• Others

By Application

• Blown Film & Cast Film
• Extrusion Blow Molding
• Wire & Cable
• Pipe & Tube
• Fibers & Raffia
• Others

By Country

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa