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Global Nucleating and Clarifying Agents Market to Reach $4.6 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Nucleating and Clarifying Agents estimated at US$3.2 Billion in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. Polypropylene, one of the segments analyzed in the report, is projected to record a 5.7% CAGR and reach US$1.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Polyethylene segment is readjusted to a revised 4.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $880.4 Million, While China is Forecast to Grow at 7.7% CAGR
The Nucleating and Clarifying Agents market in the U.S. is estimated at US$880.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$944.2 Million by the year 2027 trailing a CAGR of 7.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$606.7 Million by the year 2027.


Polyethylene Terephthalate Segment to Record 4.6% CAGR
In the global Polyethylene Terephthalate segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$583.6 Million in the year 2020 will reach a projected size of US$775.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.6% CAGR through the analysis period.