Polymer Processing Aid Market Analysis | 2021-2026

Polymer Processing Aid Market Analysis | 2021-2026

Polymer Processing Aid Market Analysis | 2021-2026
Report code - SRAM216 Published On : Jun,2021 No. of Pages: 225
Polymer Processing Aid Market Size, Share, Trends, Dynamics, Forecast, & Growth Analys See more...

Market Insights

The polymer processing aid market was estimated at USD 1.8 billion in 2020 and is likely to grow at a CAGR of 3.9% during 2021-2026 to reach USD 2.3 billion in 2026.

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Market Dynamics

Introduction

Polymer Processing Aid (PPA) is mainly used in improving melt processability or improving the handling of polymers with high-molecular weight. They are used in the production and processing of different polymers. PPA can be beneficial in many ways such as reducing die build-up, offering thermal stability, lowering melt viscosity, reducing gel formation, reducing interfacial instability, and usage in high viscosity.

Market Drivers

The demand for plastics has incessantly been increasing for a wide range of applications by replacing metals in some cases. In industries, such as automotive, the ineluctable need to attain fuel efficiency drives the usage of lightweight materials such as composites and plastics. In the consumer goods and packaging industries, polymers remain the materials of choice.

Steady demand from the relatively unstirred packaging and consumer goods industries proved to be the boat that sailed PPA demand through the pandemic’s waves. A sudden spike in demand for PP and PE masks, medical gowns, and other medical supplies proved to be another factor adding momentum to the market in 2020.

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Key Players

The supply chain of this market comprises raw material manufacturers, PPA manufacturers, masterbatch makers, compounders, component manufacturers, and OEMs.

The following are the key players in the polymer processing aid market:

  • Arkema S.A.
  • Avient Corporation
  • Daikin Industries, Ltd.
  • Fine Organic Industries Ltd.
  • LyondellBasell Industries N.V.
  • Solvay S.A.
  • The Chemours Company
  • The 3M Company
  • Tosaf Group
  • Wells Plastics Ltd.

Mergers & acquisitions, application development, and development of innovative products are some of the key strategies adopted by the major players in order to gain a competitive edge in the market.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

Segmentations

List of Sub-Segments

Segments with High Growth Opportunity

Polymer Type Analysis

Polyethylene {HDPE, LLDPE, LDPE, and Others} Polypropylene, and Others

Polyethylene is estimated to dominate the market during the forecast period.

Application Type Analysis

Blown Film & Cast Film, Extrusion & Molding, Pipes & Tubes, Fibers & Raffia, Wires & Cables, and Others

Blown film & cast film segment is estimated to continue holding the throne during the forecast period.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

Asia-Pacific is expected to be the largest market at a CAGR of 5.3% during the forecast period.

By Polymer Type

"Polyethylene is estimated to dominate the market during the forecast period"

We have segmented the market as polyethylene, polypropylene, and others. The polyethylene segment is further sub-segmented into HDPE, LLDPE, and LDPE. Polyethylene is estimated to dominate the market in the coming five years, in terms of both value and volume. The growth is attributed to the rising employment of HDPE, LLDPE, and LDPE in the consumer goods, building & construction, and automotive industries. 

The polypropylene segment is projected to depict the highest growth during the forecast period, on account of the escalating demand from the packaging and healthcare industries.

By Application Type

"Blown film & cast film segment is estimated to continue holding the throne during the forecast period".

The market is segmented as blown film & cast film, extrusion & molding, pipes & tubes, fibers & raffia, wires & cables, and others. The blown film & cast film segment is estimated to continue holding the throne during the forecast period.

The growth is triggered by the rising use of polymer processing aids to manufacture blown films & cast films to substantiate the mounting demand for quality films especially in China, Japan, India, and South Korea.

Regional Analysis

"Asia-Pacific is expected to be the largest market at a CAGR of 5.3% during the forecast period"

Asia-Pacific is expected to be the largest market at a CAGR of 5.3% in the coming five years, driven by the escalating per capita use of plastics. China and India are likely to remain the thrust-bearers of the region. China has been quite resilient in exerting efforts to acquire PP self-sufficiency and to reduce dependency on PE imports, in an attempt to establish and integrate, an indigenous polymer production value chain. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.

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Research Methodology

  • This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s polymer processing aid market realities and future market possibilities for the forecast period.
  • The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
  • The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
  • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
  • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
  • We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
  • COVID-19 impact and its recovery curve
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The polymer processing aid market is segmented into the following categories:

By Polymer Type 

  • Polyethylene {HDPE, LLDPE, LDPE, and Others}
  • Polypropylene
  • Others

By Application Type 

  • Blown Film & Cast Film
  • Extrusion & Molding
  • Pipes & Tubes
  • Fibers & Raffia
  • Wires & Cables
  • Others

By Region 

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
  • Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to three players)
  • SWOT analysis of key players (up to three players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research:

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

Frequently Asked Questions (FAQs)

Polymer Processing Aid (PPA) is mainly used in improving melt processability or improving the handling of polymers with high-molecular weight. They are used in the production and processing of different polymers. PPA can be beneficial in many ways such as reducing die build-up, offering thermal stability, lowering melt viscosity, reducing gel formation, reducing interfacial instability, and usage in high viscosity.

The polymer processing aid market was estimated at USD 1.8 billion in 2020.

The polymer processing aid market is likely to reach USD 2.3 billion in 2026.

The polymer processing aid market is likely to grow at a CAGR of 3.9% during 2021-2026.

PPA market include Arkema S.A., Avient Corporation, Daikin Industries, Ltd., Fine Organic Industries Ltd., LyondellBasell Industries N.V., Solvay S.A., The Chemours Company, The 3M Company, Tosaf Group, and Wells Plastics Ltd are among the key players in the market.

Asia-pacific is expected to be the largest market during the forecast period.

The blown film & cast film segment is expected to remain dominant application type in the coming five years.

The major factors driving the growth of the polymer processing aid market are the demand for plastics has incessantly been increasing for a wide range of applications by replacing metals in some cases. In industries, such as automotive, the ineluctable need to attain fuel efficiency drives the usage of lightweight materials such as composites and plastics. In the consumer goods and packaging industries, polymers remain the materials of choice.

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