Polymer Processing Aid Market Forecast | 2021-2026

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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What is a polymer processing aid?

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 a number of 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 key players in the 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
• 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.

Segment Analysis

Polymer Trends

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.

Application Trends

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 aid to manufacturing blown films & cast films to substantiate the mounting demand for quality films especially in China, Japan, India, and South Korea.

Regional Insights

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, 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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Segmentation

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

By Polymer Type

• Polyethylene
  • Sub-Type Analysis: 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, Italy,the  and Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Research Methodology

For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are 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.

We leverage a multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

Customization Options

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

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