Global Polymer Stabilizer Market
By Product (Heat Stabilizer, Light Stabilizer, Anti-Oxidant), Application (Building & Construction, Automotive, Packaging, Consumer Goods), and Region (North America, Asia Pacific, Europe, Latin America, Rest of the World) â€“ Market Size, Status and Forecast to 2025
The global polymer stabilizers market was valued at USD 6.63 billion in 2016 and is projected to reach USD 9.91 billion by 2025, growing at a CAGR of 5.6% from 2017 to 2025.
The major problems faced by plastic manufacturers is environmental degradation. Polymer stabilizers are used in plastic manufacturing to increase the longevity of plastic and also provide added properties such as antioxidant and UV stabilization. The rise in plastic manufacturing globally is expected to have a positive impact on market demand.
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1. Market Drivers
1.1 Growing plastic consumption
1.2 Rise in demand for light stabilizers
2. Market Restraints
2.1 High cost of manufacturing
The global polymer stabilizers market is segmented on the basis of product application, and region.
1. Global Polymer Stabilizers Market, by Product:
1.2 Heat Stabilizer
1.3 Light Stabilizer
1.3.1 UV Absorber
1.3.2 UV Quencher
1.3.3 Hindered Amine Light Stabilizer
2. Global Polymer Stabilizers Market, by Application:
2.3 Building & Construction
2.4 Consumer Goods
3. Global Polymer Stabilizers Market, by Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. BASF SE
2. Songwon International
3. Albemarle Corporation
4. DOW Chemical Company
6. Bayer AG
7. AkzoNobel Corporation
9. Adeka Corporation
11. Lambson Ltd.
12. Bruggemann Chemical
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the polymer stabilizers market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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