Global Nucleating Agent market will reach 910 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/30

High demand for nucleating agent for polymers is envisaged to give impetus to the global market. The automotive industry witnesses high use of advanced polymer composites. Nucleating agent is also used in the consumer goods industry. Food and beverage is another industry that could augment the demand for nucleating agent since it is used in packaging.

As nucleating agent is used in plastics, rising environmental concerns are expected to stunt the growth of the global market. However, increasing focus on plastic recycling and improving demand in pharmaceutical applications could assure growth to market players.

The global Nucleating Agent market is valued at 670 million US$ in 2018 is expected to reach 910 million US$ by the end of 2025, growing at a CAGR of 4.0% during 2019-2025.

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