According to the latest report by IMARC Group, title “Polymer Stabilizers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global polymer stabilizers market size reached US$ 6.52 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.66 Billion by 2027, exhibiting a CAGR of 4.60% during 2022-2027.
Polymer stabilizers are chemical additives used in polymers and several plastics, including polyethylene, polypropylene, and acrylonitrile butadiene styrene (ABS), to curb oxidative degradation and radical reaction. They help eliminate defects from produced goods, reduce the risk of decolorization, and stabilize ultraviolet (UV) radiation. They also provide recyclability, longevity, flexibility, and reliability, owing to which they are widely utilized in various end-user industries as antioxidant, light, and heat stabilizers.
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Polymer Stabilizers Market Trends:
The market is primarily driven by the extensive adoption of polymer stabilizers across several industrial verticals, including food and beverage (F&B) commercial, construction, automotive, and packaging, for facilitating the longevity of numerous plastic-based products and packs. In addition, it also provides added properties such as antioxidant and ultraviolet (UV) stabilization. Moreover, the escalating demand for eco-friendly, UV, heat-resistant coating components, such as polymer stabilizers, to protect convenient and ready-to-eat (RTE) food items from damage represents another major growth-inducing factor. Furthermore, the increasing utilization of energy-efficient plastics in the real estate and construction sector for eliminating environmental footprints due to the growing consciousness amongst consumers is also contributing to polymer stabilizers market growth. Other factors, including the rising usage of polymer stabilizers in the agriculture sector for constructing mulches and tunnels to protect crops from extremely high temperatures and rising construction activities, are anticipated to propel the market growth in the coming years.
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
- Heat Stabilizer
- Light Stabilizer
Breakup by End Use Industry:
- Consumer Goods
- Building and Construction
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are ADEKA CORPORATION, Albemarle Corporation, Baerlocher GmbH, BASF SE, Chitec Technology Co., Ltd., Clariant AG, Evonik Industries AG, R.T. Vanderbilt Holding Company Inc., SABO S.p.A., Solvay S.A., SONGWON Industrial Co. Ltd. and Valtris Specialty Chemicals.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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