The Rapidly Growing Polymer Stabilizers Market is driven by increasing plastics demand
Polymer stabilizers are chemical compounds added to polymers to prevent degradation caused by factors such as heat, light, oxidation or other environmental factors. They help increase the lifespan of polymers and maintain the integrity and stability of plastic products. Polymer stabilizers include antioxidants, heat stabilizers, light stabilizers and other kinds of stabilizers and are compatible with a wide variety of polymers including PE, PP, PVC, PUR among others. The global polymer stabilizers market is expected to witness significant growth due to the increasing demand for plastics from various end-use industries such as construction, automotive, packaging and electrical & electronics. With the rising plastic production, the consumption of polymer stabilizers is also growing at a fast pace to prevent degradation of polymers during manufacturing and product use.
Global Polymer Stabilizers Market is projected to reach around US$ 14.97 Billion by 2030, in terms of revenue, exhibiting a CAGR of 7.7% during the forecast period (2023-2030).
Key Takeaways
Key players operating in the Polymer Stabilizers market are Adeka Corporation, BASF SE, Chitec Technology Co. Ltd, Clariant, Evonik Industries AG, PMC Group, Polyvel Inc., SABO SpA, SK Capital Partners, Solvay, and Songwon. The major players are focusing on new product launches, partnerships and expansion strategies to gain more
Polymer stabilizers are chemical compounds added to polymers to prevent degradation caused by factors such as heat, light, oxidation or other environmental factors. They help increase the lifespan of polymers and maintain the integrity and stability of plastic products. Polymer stabilizers include antioxidants, heat stabilizers, light stabilizers and other kinds of stabilizers and are compatible with a wide variety of polymers including PE, PP, PVC, PUR among others. The global polymer stabilizers market is expected to witness significant growth due to the increasing demand for plastics from various end-use industries such as construction, automotive, packaging and electrical & electronics. With the rising plastic production, the consumption of polymer stabilizers is also growing at a fast pace to prevent degradation of polymers during manufacturing and product use.
Global Polymer Stabilizers Market is projected to reach around US$ 14.97 Billion by 2030, in terms of revenue, exhibiting a CAGR of 7.7% during the forecast period (2023-2030).
Key Takeaways
Key players operating in the Polymer Stabilizers market are Adeka Corporation, BASF SE, Chitec Technology Co. Ltd, Clariant, Evonik Industries AG, PMC Group, Polyvel Inc., SABO SpA, SK Capital Partners, Solvay, and Songwon. The major players are focusing on new product launches, partnerships and expansion strategies to gain more
09:10 AM - Nov 28, 2024 (UTC)
