Performance Minerals Additives Market Trends and Forecast to 2031

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Mission-critical Projects in Packaging Create Business Opportunities during COVID-19 Crisis

The coronavirus pandemic has affected almost all end markets, whilst not sparing the performance minerals additives market. Performance minerals additives are virtually found in all applications of construction, packaging, and automotive industries. However, the growth of these industries is affecting the performance minerals additives market. In order to stay afloat during the COVID-19 outbreak, manufacturers are focusing on essential industries such as food & beverages (F&B), pharmaceutical, and home care to capitalize on revenue opportunities.

Manufacturers are adopting the plug-and-play mode of production and other business activities due to the volatile demand & supply of products. They are ensuring business continuity for mission critical projects in the packaging, agriculture, and energy industries.

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Groundbreaking Polyolefin Compatibilization Technology Boosts Properties in Recycled Plastics

The recycled plastic has become the need of the hour in every end-use industry. However, recycling plastic in order to make it as useful as virgin plastic can be potentially challenging. Imerys – a France-based multinational company is taking the lead to acquire in-depth knowledge of the effects of minerals in polymers. Startups and established companies are realizing the importance of R&D investment in order to gain a competitive edge over other players in the performance minerals additives market.

Stakeholders are increasing the availability of recycled plastic made from the groundbreaking polyolefin compatibilization technology. Companies are engineering multi-functional mineral additives to innovate in recycled plastics. These efforts are being made to match recycled plastic properties with virgin polymers to enable their use in high-value applications.

High Performance Concrete Additives in Liquid Form Useful for Concrete Mixes

The performance minerals additives market is predicted to reach the valuation of US$ 72.5 Bn by the end of 2031. Manufacturers are bolstering their production capabilities in high performance concrete additives, which are useful in the construction industry. These additives are used for the mixture of water cement and aggregate in small quantities in order to increase the durability of concrete to fix concrete behavior and control setting or hardening. The liquid and powdered form additives are becoming known in concrete mixes.

Companies in the performance minerals additives market are increasing the availability of ready-to-use liquid form additives that can be added to the concrete at the plant or jobsite. The successful use of additives depends on the use of appropriate methods of batching and concreting.

Barrier Solutions, Performance Additives Help Engage Consumers with Quality Products

The ever-increasing packaging industry is creating stable income streams for manufacturers in the performance minerals additives market, as packaging plays a pivotal role in engaging consumers with a given brand. Avient Corporation – a global provider of specialized polymer materials and services, has a comprehensive portfolio in performance minerals additives meant for the packaging industry, which help to improve the shelf life of food contained in packaging materials.

Barrier solutions and performance additives help to deliver product protection and extend the shelf life of products to increase the availability of high-quality products to consumers.

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Companies Partnering with OEMs in Asia to Engineer Vehicle Performance Additives

The light-duty vehicle performance additives are contributing to the recognition of Afton Chemical Corporation – a developer of petroleum & additives in order to improve fuel economy, power, acceleration, and reduce emissions. Companies in the performance minerals additives market are increasing their output capacities in performance fuel additives that help light duty vehicles to maintain design performance by cleaning vital components in the fuel system and protect them from harm.

An increasing number of passenger vehicles and motorbikes is being built keeping in mind vehicle performance additives. This is evident since additive manufacturers are gaining awareness about newly introduced emission regulations across nations, fuel specifications, alternate fuels, and the new engine technology that are influencing customer experience. Companies are collaborating with OEMs in North America, Asia, and Europe to gain valuable feedback in the vehicles sector.

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