Plastic Stabilizer Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

Plastic Stabilizer Market Research Report- Forecast to 2023 Increasing demand from end-use industries such as packaging, building & construction and automotive is anticipated to drive Global Plastic Stabilizer Market growth over the forecast period. The rise of middle class population in developing region of Asia Pacific and Latin America such as China, India, Brazil, and Mexico is driving the growth of manufacturing sector along with increasing purchasing power. In addition, migration towards urban areas, relative increase in per capita consumption and liberal FDI norms have worked together towards the growth of Plastic Stabilizer consumption over the last decade and is set to continue over the forecast period. Plastic Stabilizer are added to various plastics in order to enrich their properties. They are helpful in providing protection from obstructions such as high temperature, UV rays, oxidation, and chain scission properties. The usefulness of the stabilizers against weathering is determined by the solubility, capability to stabilize in various polymer matrix, the dispersal in matrix, evaporation loss at the time of processing and usage. Heat Stabilizers emerged as the leading type segment due to its extensive usage across varied end-use industries in order to prevent polymers from excessive heat. Antioxidant is the second major type of plastic stabilizer, projected to grow at the highest CAGR due to increasing demand from packaging industry, especially food packaging. Geographically, Asia Pacific emerged as the largest regional market for plastic stabilizer followed by North America and Europe. The region accounted for over 40% of the overall market share in 2016 and is set to continue its dominance over the forecast period. Rising construction spending coupled with growth in automotive production and sales is anticipated to bolster the Plastic Stabilizers consumption in the Asia Pacific region. Countries such as China, India, Thailand, Malaysia, Indonesia and South Korea are witnessing prolific growth of packaging and manufacturing sector due to strong economic performance coupled with untapped potential in various regions. Plastic Stabilizer Market - Overview

Plastic Stabilizer Market Research Report- Forecast to 2023 By Type, Plastic Stabilizer are characterized into heat stabilizer, antioxidant, light stabilizer, and others. Among these type, heat stabilizers accounted for the largest market share, in 2016, due to increasing use of this type in the production of materials, to be used in numerous industrial applications along with building & construction industry. Antioxidant is another significant segment, which is estimated to grow at the highest CAGR during the forecast period, on account of the anticipated growth of packaging industry. Based on Materials, the market is divided into thermoplastic, thermosetting, and elastomers, wherein thermoplastic materials held major, 77.70% share of the market. This is attributed to a surging demand of this material from almost all the leading end use industries such as packaging, building & construction, automotive, and consumer goods. Depending upon the End Use Industry, the Global Plastic Stabilizer Market is segmented into packaging, building & construction, automotive, consumer goods, electrical & electronics, agriculture, and others. Packaging industry is the dominant segment, growing at the considerable CAGR to reach USD 3,202.3 million by the end of 2023, owing to the versatile characteristics properties offered by the product for manufacturing packaging films. Consumer industry is the second major consumer of the Plastic Stabilizer due to increasing usage of plastic in construction activities. Get Complete Segmental Analysis

Plastic Stabilizer Market Research Report- Forecast to 2023 Regional Outlook The Global Plastic Stabilizer Market is spanned across five key regions: Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among them, Asia Pacific accounted for the largest share of the market in 2016, and is projected to grow at the highest CAGR of 5.11% during the review period. The dominance of Asia Pacific region is primarily attributed to the increasing demand for the product in manufacturing consumer goods and expanding production capacity in this region. Asia Pacific region is closely followed by North America, which accounted for the second largest market share in The U.S. accounted for the highest market share in North America and is expected to remain dominant throughout the forecast period owing to greater penetration of end use industries in the country. Europe is a significant region in the Global Plastic Stabilizer Market. It accounted for a 23% share of the market in Germany dominates the regional market in terms of value and volume due to increasing demand from a well- established automotive industry. Europe is followed by Latin America and the Middle East & Africa, which are estimated to grow at moderate rate during the forecast period.

Plastic Stabilizer Market Research Report- Forecast to 2023 Major Players in this Research Plastic Stabilizer Market Prominent Players: BASF SE (Germany) Songwon Industrial Co., Ltd (South Korea) Clariant AG (Switzerland) Akzo Nobel N.V (the Netherlands) Evonik Industries AG (Germany) ADEKA CORPORATION (Japan) Solvay SA (Belgium) INDOFIL INDUSTRIES LIMITED (India) Bruggemann Group (Germany) Baerlocher GmbH (Germany) Get Free Sample

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