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Increasing use in a Food Industry is set to propel the Global Plastic Stabilizer Market growth at a CAGR of 4.49%
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Plastic Stabilizer Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Plastic Stabilizer Market Research Report- Forecast to 2023 Plastic Stabilizer Market -Overview Plastic Stabilizer is a type of plastic additive, used to enhance the properties of plastic. It provides protection from UV rays and high temperatures, prevents oxidation, and chain scission (molecular deterioration of the polymers at high temperatures) properties. It imparts greater weatherability to the substrate and maintains viscosity of the material which facilitates its processing and fabrication. Plastic Stabilizers find their major applications in pipes, window profiles, toys, cable ducts, packaging films, automotive components and others. The Global Plastic Stabilizer Market is expected to grow at CAGR of 4.49% to reach USD 8,577.1 million till 2023. Growing demand of plastic in automotive industry to replace conventional material, huge consumption of plastics in day to day life, and rising demand of plastics in Asia Pacific are some of the major factors driving growth of the market. 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. www.marketresearchfuture.com
Plastic Stabilizer Market Research Report- Forecast to 2023 Segmental Analysis The Global Plastic Stabilizer Market is segmented on the basis of Type, Material, End Use Industry and Region. On the Basis of Type, market is divided into heat stabilizer, antioxidant, light stabilizer, and others. Based on Application, the market is segmented into thermoplastic, thermosetting, and elastomers. Furthermore, by End Use Industry, the market is categorized into packaging, building & construction, automotive, consumer goods, electrical & electronics, agriculture, and others. Geographically, the Global Plastic Stabilizer Market is segmented into, Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. To Access Report @ https://www.marketresearchfuture.com/reports/plastic-stabilizer-market-4442 www.marketresearchfuture.com
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 2016. 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 2016. 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. www.marketresearchfuture.com
Plastic Stabilizer Market Research Report- Forecast to 2023 Major Players in this Research Plastic Stabilizer Market Prominent Players: • BASF SE (Germany) • SongwonIndustrial Co., Ltd (South Korea) • ClariantAG (Switzerland) • AkzoNobel N.V (the Netherlands) • EvonikIndustries AG (Germany) • ADEKA CORPORATION (Japan) • Solvay SA (Belgium) • INDOFIL INDUSTRIES LIMITED (India) • BruggemannGroup (Germany) • BaerlocherGmbH (Germany) Receive a Sample Report for more Detailed Information @ https://www.marketresearchfuture.com/sample_request/4442 www.marketresearchfuture.com
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