Clarifying
Agents Market worth $338 million by 2027

The report "Clarifying
Agents Market by Form (Powder,
Granules, Liquid), Polymer (PP, PE, PET), Application (Packaging, Consumer
Products, Electronics) and Region (Europe, North America, Asia Pacific, MEA,
SA)- Global Forecast to 2027",
is projected to reach USD 338 million by 2027, at a CAGR of 7.5% from USD 235
million in 2022.

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Browse in-depth TOC on "Clarifying Agents Market"

303 - Tables

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The clarifying agents market
is mainly driven by the demand for different types of polymers such as PP, PE,
and PET in packaging applications, increase in consumption of plastics, growing
usage in pharmaceutical applications. Moreover, it is also driven by rapidly
developing and emerging economies such as India, Brazil, and Argentina.

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“Granules form is projected to grow at fastest CAGR, in
terms of volume, during the forecast period”

Granules form is projected to be the fastest growing
segment in global clarifying agents market, in terms of valuee, during the
forecast period. Considering its cost-effectiveness, granule form clarifying
agents are finding its relevant use in packaging and consumer products
application in various industries. Granule form is made compatible with
conventional feeders and can achieve decent efficiency in material handling.

“PET is projected to be the fastest growing polymer in
clarifying agents market, in terms of value”

Polyethylene terephthalate
(PET) is considered as a semi-crystalline polymer with lightweight and
colourlessness.  Ethylene glycol and
dimethyl terephthalate are used in the production of PET. It is widely used for
packages drinking water and airated soft drinks across the globe. The organized
retail industry is boosting the market for packed food and beverages and
thereby driving the clarifying agents market.

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“Asia Pacific is expected to be the fastest growing
market for clarifying agents during the forecast period, in terms of value and
volume.”

The significant growth of the packaging industry coupled
with the increasing demand for packaged food & beverages are projected to
lead the growth of clarifying agents market in this region. China is estimated
to be the largest market for clarifying agents in the region. The presence of
key companies, such as ADEKA Corporation (Japan), New Japan Chemical Co., Ltd.
(Japan), and GCH Technology Co., Ltd. (China), and established polymer
manufacturing facilities in this region are projected to drive the demand for
clarifying agents.

New product launches and expansions are the major growth
strategies adopted by the key players in the market. The key global players in
the clarifying agents market include Milliken & Company (US), ADEKA
Corporation (Japan), Shandong Rainwell New Materials Technology Co., Ltd.
(China), Avient Corporation (US), BASF SE (Germany), New Japan Chemical Co.,
Ltd. (Japan), GCH Technology Co., Ltd. (China), Qingdao Jade New Material
Technology (China), Guangzhou Bolong Chemical Co. Ltd. (China), and Ta Haw Enterprise
Co. Ltd. (Taiwan).

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