Plastic Stabilizer Market 2019 Opportunity, Growth Analysis Forecast 2023

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Plastic Stabilizer Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Plastic Stabilizer Market Research Report-
Forecast to 2023
Plastic Stabilizer Market - Overview
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.
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Plastic Stabilizer Market Research Report-
Forecast to 2023
Segmental Analysis
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
Report _at_ https//www.marketresearchfuture.com/repo
rts/plastic-stabilizer-market-4442
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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.
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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)

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