Polymer Processing Aid Market – Global Industry Report, 2031

Polymer Processing Aid: Introduction

  • Rise in demand for polymers with enhanced properties is driving the demand for polymer processing aid across the globe. Polymer processing aid is used in the polymer formation process to improve processing efficiency and quality of polymeric compounds.
  • Damages to polyethylene films during the manufacturing process can be reduced by optimum utilization of polymer processing aids. Furthermore, economic benefits can be attained by using polymer processing aids due to decrease in production costs of polymers owing to the enhanced efficiency and high quality product. Thus, rise in demand for polymer products in various end-use applications such as aviation, automobile, defense, manufacturing, industrial, telecommunications, scientific research labs, and commercial facilities is fuelling the demand for polymer processing aid.
  • Surfaces of machineries are made stick resistant by using polymer processing aids during the processing of polymers into plastics. Polymer processing aids also provide other operational benefits such as improvement in surface quality, elimination of melt fractures, maintenance of operational temperature, and reduction in die deposits.
  • Optimum and controlled use of polymer processing aids is vital, as a small change in amount or quality of polymer processing aids can affect the whole batch. Furthermore, polymer processing aids are highly dependent on the type of polymers used in the extrusion process that regulates the quality of finished products. These factors can act as challenges for the global polymer processing aid market during the forecast period.

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Key Drivers of Global Polymer Processing Aid Market

  • Polymer processing aid is used in blown film & cast film manufacturing process to enhance the quality in terms of mechanical strength and durability
  • Blown films & cast films are generally employed in the production of food and non-food packaging, agriculture films, and tapes. Rise in demand for packaging and agriculture films due to flourishing end-use industries, primarily in developing countries, is driving the demand for polymers such as high density polyethylene (HDPE), Linear Low Density polyethylene (LLDPE), and Low Density Polyethylene (LDPE) with improved performance parameters. This, in turn, is anticipated to propel the demand for polymer processing aid market during the forecast period.

Global Polymer Processing Aid Market: Segmentation

  • The global polymer processing aid market can be segmented in terms of product and application
  • In terms of product, the polymer processing aid market can be divided into polyethylene and polypropylene. The polyethylene segment can then be sub-divided into LLDPE, LDPE, and HDPE. The polyethylene segment is expected to expand at a faster pace in the near future due to growth of industries such as building & construction, consumer goods, and automotive.
  • Based on application, the polymer processing aid market can be classified into blown film & cast film, wire & cable, extrusion blow molding, pipe & tube, fiber & raffia, and others. Blown films are durable and have high mechanical strength, while cast films are soft and flexible. Thus, demand for cast films is high in various end-user industries.

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Global Polymer Processing Aid Market: Regional Segmentation

  • In terms of region, the global polymer processing aid market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • Asia Pacific is projected to be a key region of the global polymer processing aid market due to the rise in demand for high strength and quality polymers in various end-use industries in the region
  • Rise in per capita consumption of plastics in numerous end-use industries owing to rapid industrial growth is driving the demand for polymer processing aid in Asia Pacific
  • Presence of well-established electrical & electronics manufacturing industry in countries such as China, South Korea, and Japan; and increase in demand for packaging due to rise in FMCG consumption in Asia Pacific are driving the demand for clean and high strength plastic films in the region. This, in turn, is anticipated to boost the demand for polymer processing aid during the forecast period.

COVID-19 Impact on Global Polymer Processing Aid Market

  • The COVID-19 lockdown and travel restrictions have adversely affected the demand for polymer processing aids. Manufacture of goods had been halted temporarily across the globe. Lockdown and travel restrictions also affected the supply chain of polymer processing aids. These factors negatively affected the polymer processing aid market. However, government-supportive policies and financial packages are expected to boost the global manufacturing sector in the next few months. This is estimated to drive the demand for polymer processing aids in the next few months.

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Key Players Operating in Global Market

  • 3M
  • A. Schulman, Inc.
  • Arkema
  • Clariant
  • Daikin America, Inc.
  • Fine Organics
  • Micro Epsilon
  • PolyOne Corporation
  • Tosaf Group
  • Wells Plastics Ltd.

Global Polymer Processing Aid Market: Research Scope

Global Polymer Processing Aid Market, by Product

  • Polyethylene
    • LLDPE
    • LDPE
    • HDPE
  • Polypropylene

Global Polymer Processing Aid Market, by Application

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

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