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Plastic Stabilizer Market2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2027
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Plastic Stabilizer Market
Plastic Stabilizer Market Industry Survey,
Growth, CompetitiveLandscape and Forecasts to
2027

• The Plastic Stabilizer Market is estimated to be
  valued at USD 8,577.1 million by the end of
  2023 and expected to grow at a CAGR of 4.49
  during the review period. The major factors
  favouring growth of the market are the surging
  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. Application of
  phenolic antioxidant in packaging industry
  accounted for the largest market share. It has
  been projected to grow at the highest CAGR on
  account of the increasing demand of the product
  for packaging of food and other retail products.
  Consumer goods industry is the second major
  consumer of Plastic Stabilizer accounted for
  second largest share of the market in 2016.

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Plastic Stabilizer Market

• Market Segmentation
• Global Plastic Stabilizer Market has been
  segmented on the basis of type, materials, end
  use industry, and region. On the basis of type,
  the market has been divided into heat stabilizer,
  antioxidant, light stabilizer, and others. As of
  2016, the heat stabilizer accounted for the
  largest share of the market, on account of the
  growing use of this type in manufacturing the
  material to be used in a number of complex
  industrial process and construction activities.
  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.
• Based on Material, the market is categorized into
  packaging, building construction, automotive,
  consumer goods, electrical electronics,
  agriculture, and others. The thermoplastic
  material is the largest segment holding 77.70
  share of the market, as of 2016. Ever increasing
  demand from the major end users such as
  packaging, building construction, automotive,
  and consumer goods is the primary factor
  favouring growth of this segment.

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Plastic Stabilizer Market
Regional Analysis

• Geographically, the Global Plastic
  Stabilizer Market is segmented into Asia Pacific,
  Europe, North America, Latin America, and the
  Middle East Africa. As per the MRFR analysis,
  Asia Pacific dominated the market and accounted
  for the largest share of the market in 2016, and
  expected to grow at a CAGR of 5.11. Asia Pacific
  market is followed by North America, which
  is accounted for the second largest number of
  shares in the Global Plastic Stabilizer Market,
  as of 2016. North America is projected to be the
  second major market. Europe is a substantial
  region in the market, which accounts for 23
  share of market as of 2016. Country wise, China
  is the leading market, in terms of value and
  volume, followed by the US.

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Plastic Stabilizer Market

• Recent Developments
• Owing to the increasing usage of hindered amine
  light stabilizers (HALS) for the increasing use
  of energy-efficient plastic mostly in the
  construction industry, the packaging industry is
  increasing at a very high pace and hence drives
  the market during the forecasted period.
• Owing to the capacity of survival in extreme
  conditions like heat, humidity, and light the
  packaged products like food packaged items
  and bottles are increasing in the global market
  as it reduces the premature failure during the
  life of the product because of the presence of
  various stabilizers.

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