Polymer Processing Aid Market Forecast | 2021-2026

"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.

Segment Analysis

Polymer Trends

"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.

Application Trends

"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 Insights

"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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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 (arranged alphabetically)

• 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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Research Methodology

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.

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Research Methodology

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 the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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