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Polymer stabilizer market is projected to grow at a CAGR of 4.0%
The polymer stabilizer market is projected to reach USD 8.35 billion by 2022, at a CAGR of 4.0% from 2017 to 2022. There is an increase in the demand from the automotive, construction, and building construction industries across the globe, which is leading to the growth of the overall polymer stabilizer market. The high manufacturing cost of the light stabilizer is a major factor restraining the growth of the polymer stabilizer market.
Light stabilizer is projected to be the fastestgrowing type of polymer stabilizer during the forecast period
The light stabilizer helps in protecting polymers from the damaging effects of sunlight by scavenging the free radicals produced by light. The market for light stabilizer is projected to grow at the highest CAGR from 2017 to 2022, in terms of value. The increasing demand for light stabilizers in wood, plastic, composites, floors, decks has led to the growth of light stabilizers in the building construction application. Whereas, the increasing demand for nondegradable, and UV IRresistant coating materials from the food beverage, pharmaceutical, and industrial packaging sectors are factors driving the demand for light stabilizers in the packaging segment.
Packaging is projected to be the largest enduse industry for the polymer stabilizer during the forecast period
The increasing population worldwide is fueling the demand for food, healthcare, and industrial products, leading to an increase in the demand for packaged goods. The packaging industry accounted for the largest share in terms of value, in 2016 of the overall polymer stabilizer market. The rise in the use of plastics in heavy and light packaging is expected to drive the demand for polymer stabilizers in various enduse applications in the packaging segment.
AsiaPacific is projected to be the fastestgrowing market during the forecast period
The AsiaPacific region is projected to be the fastestgrowing market for polymer stabilizers, as this region is expected to provide high potential in the automotive as well as construction industries in the coming years. The increasing population, rising disposable incomes, and the rising standards of living are some of the factors that are leading to automotive majors expanding their manufacturing capacities in the region.
Breakdown of profiles of primary interviews for the report
By Company Type Tier 1 30%, Tier 2 38%, and Tier 3 32%
By Designation C Level 36%, Director Level 30%, and Others 34%
By Region North America 20%, Europe 26%, AsiaPacific 32%, and Others 22%
Some of the key companies profiled in this report are, BASF SE Germany, Songwon Industrial Co., Ltd. South Korea, Albemarle Corporation US, Clariant International Ltd. Switzerland, Akzo Nobel N.V. the Netherlands, and Solvay SA Belgium.
The report is segmented on the basis of type, enduse industry, and region. The major types of polymer stabilizers covered in the report include antioxidants, heat stabilizers, and light stabilizers. The enduse industries include automotive, packaging, building construction, and consumer goods. The market is also segmented on the basis of regions including AsiaPacific, Europe, North America, Middle East Africa, and Central South America.
This report provides the following information, which will benefit clients:
Market segmentation based on type, enduse industry, and region
Market dynamics including drivers, restraints, and opportunities
Porter's Five Forces model with respect to the polymer stabilizer market
Profiles of key market players of polymer stabilizers
Original Article: Polymer Stabilizer Market by Type Antioxidant, Light Stabilzier, Heat Stabilizer, Enduse Industry Packaging, Automotive, Building Construction, Consumer Goods, and Region Global Forecast to 2022 [Report Updated: 31072017] Prices from USD $4238NEXT ARTICLE
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