Global Polymer Stabilizer Market Size study & Forecast, by Product Type (Antioxidants, Heat Stabilizers, Light Stabilizers), By End User (Packaging, Automotive, Consumer Goods, Building and Construction, Other End user Industries) and Regional Analysis, 2

Global Polymer Stabilizer Market Size study & Forecast, by Product Type (Antioxidants, Heat Stabilizers, Light Stabilizers), By End User (Packaging, Automotive, Consumer Goods, Building and Construction, Other End user Industries) and Regional Analysis, 2023-2030

Global Polymer Stabilizer Market is valued approximately at USD 8.22 billion in 2022 and is anticipated to grow with a growth rate of more than 1.5% over the forecast period 2023-2030. Polymer Stabilizer are chemical additives that may be applied to polymeric materials such as plastics and rubbers to prevent or slow down deterioration. Polymers are subjected to severe temperatures, cold, and UV radiation, which can cause them to alter shape. The use of stabilizers aids the polymer in maintaining its shape and performing effectively over its lifetime. Growing usage of energy-efficient polymers in the construction industry, as well as growing use of hindered amine light stabiliser in the packaging business, are expected to boost market expansion. Recent research has demonstrated that plastics and polymers may replace traditional materials like glass, wood, and metal quite well. As a result, the worldwide market for polymer stabilisers has grown significantly.

The need for plastics is anticipated to rise across a variety of sectors, propelling the polymer stabilizer market. The plastic industry supports the expansion and economic growth of several industries including packaging, automobile, building and construction. The growth of plastic packaging market increased from USD 265.2 billion in 2021 to USD 385.5 billion in 2027. Additionally, as environmental consciousness grows, industry participants are investing in R&D to enhance the functioning of polymer stabilizers, which is likely to contribute to the growth of the worldwide polymer stabilizers market. However, the high cost of manufacturing Polymer Stabilizer stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Polymer Stabilizer Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 holding the largest market share owing to the fact that the packaging business in the nation is rising rapidly as a result of the expanding food and beverage and retail industries. The country's packaging business is pushed mostly by increasing innovations in industries to make their products more compact and portable. Packaging usage is growing as the electronics, consumer products, and healthcare industries increase. Europe is expected to fastest growing during the forecast period, owing to rising demand for plastics and polymers as the healthcare, automotive, electronics, and packaging sectors expand. For example, tremendous improvements in the retail sectors in the United Kingdom are increasing demand for plastics in the packaging industries. Furthermore, increasing government expenditure and increased research and development activities by leading businesses for producing polymers with improved durability, strength, and appearance are some additional factors likely to fuel market revenue growth over the forecast period.

Major market player included in this report are:
Adeka Corporation
BASF SE
Chitec Technology Co. Ltd
Clariant AG
Evonik Industries AG
PMC Group
Polyvel Inc.
SABO SpA
SK Capital Partners
Solvay SA

Recent Developments in the Market:
 On April 13, 2022, Alfa Chemistry announced the release of heat stabilisers for use in the manufacturing of Polyvinyl Chloride (PVC) These heat stabilisers are designed for use in the medical grade PVC sector to protect polymers against discolouration caused by heat and chemical breakdown, resulting in a longer service life for the polymers.

Global Polymer Stabilizer Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Product Type, End User, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product Type:
Antioxidants
Heat Stabilizers
Light Stabilizers

By End User:
Packaging
Automotive
Consumer Goods
Building and Construction
Other End user Industries

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Adeka Corporation
BASF SE
Chitec Technology Co. Ltd
Clariant AG
Evonik Industries AG
PMC Group
Polyvel Inc.
SABO SpA
SK Capital Partners
Solvay SA

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