Global Polymer Stabilizers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Polymer Stabilizers Market Overview

"The Polymer Stabilizers Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

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Polymer stabilizers are substances that inhibit the aging of polymers. Polymer stabilizers are used as additives in production of plastic components. Polymer stabilizers protects the polymer during plastic processing and ensures that plastic based end products retain their physical properties while in use, thereby enhancing their longevity. It also helps in the long-term aging of the product after it has been produced.

Polymer stabilizers are the better alternatives to conventional materials with plastics in several end user industries which is major factor driving growth of the global polymer stabilizers market. Rising demand for heat stabilizers from plastic industry and extensive usage in end use industries such as construction, automotive and consumer goods is major factor fuelling growth of the global polymer stabilizers market. Market players of polymer stabilizers have been focusing to provide customized products to gain competitive advantage in recent times, contributing to increased usage of polymer stabilizers in the near future.

However, high investment cost is a key factor restraining growth of the global polymer stabilizers market. In addition, stringent regulations for use of raw materials in manufacturing owing to its high volatility nature is another factor expected to hamper growth of the global polymer stabilizers market over the forecast period.

The market in Asia pacific accounted for largest share in term of revenue in the global polymer stabilizers market owing to fastest growing packaging, automotive, and construction industries in the region. The market in North America is expected to witness significant growth and is projected to register a CAGR of X.X% during the forecast period. The European market is expected to witness moderate growth during the forecast period.

Global Polymer Stabilizers Market Segmentation:

Global polymer stabilizers market segmentation, by type:

• Antioxidant
• Heat Stabilizers
• Light Stabilizers
• Others

Global polymer stabilizers market segmentation, by end-use industry:

• Packaging
• Automotive
• Building & Construction
• Consumer Goods
• Others

Global polymer stabilizers market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa