Polymer stabilizers prevent
the degradation of polymers which can be induced by light, heat, weathering, or
oxygen. The global size of the polymer
stabilizer market was estimated at USD 6.88 billion in 2017 and is
projected to reach USD 8.35 billion by
2022, at a CAGR of 4.0% from 2017 to 2022. The replacement of conventional materials
by plastics in various industries, along with the increasing demand for light
stabilizers in the Asia Pacific is driving the polymer stabilizer market.
Download PDF @ https://tinyurl.com/y28hw53u
Capacity
expansions, new product launches, contracts & agreements, and mergers &
acquisitions are the strategies adopted by the key players to strengthen their positions
in the polymer stabilizer market. New product launches, and capacity expansions
are the two key strategies adopted by major players such as BASF SE (Germany),
Clariant International Ltd. (Switzerland), and Songwon Industrial Co., Ltd. (South
Korea).
Heat stabilizer accounted for the
largest share in terms of value, of the overall polymer
stabilizer market in 2016. The market is led by the
heat stabilizer segment majorly due to a strong demand from the plastics
industry, especially for PVC products such as pipes, conduits, and fittings. However, the market for
the light stabilizer is projected to grow at the highest CAGR in terms of
value, from 2017 to 2022. The rapidly growing demand from the packaging and
building & construction industries is leading to an increasing demand for
UV stabilizer products, thus boosting the demand for the polymer stabilizer.
Speak to Analyst @ https://tinyurl.com/y3fvarnk
The
packaging end-use industry accounted for
the largest share of the overall polymer stabilizer market in 2016, in
terms of value. This is due to the rising income levels, growing employment
opportunities, improving economic conditions, and the rising standards of
living of consumers who are looking for more convenience packaging products.
The rise in the use of plastics in heavy and light packaging is expected to drive
the demand for polymer stabilizer in various end-use applications in the
packaging segment. The aging population in regions including the Asia Pacific
and Europe is leading to an increasing demand for pharmaceutical packaging.
Request
Sample @ https://tinyurl.com/y3fvarnk
The Asia-Pacific
region is projected to be the fastest-growing market for polymer stabilizers
from 2017 to 2022, in terms of value. High economic growth in emerging
economies and increase in disposable incomes have made the region an attractive
market for polymer stabilizer manufacturers. Increasing construction activities along with higher real disposable
incomes are primarily responsible for the high demand for polymer stabilizers
in the region.
Also, an increase in the demand for agricultural
output in the region, is leading to an increasing demand for heat stabilizers
in irrigation pipes, as well as in greenhouses. The countries considered in the
Asia-Pacific region are China, Japan, India, South Korea, Thailand, Indonesia,
Australia, and Rest of Asia-Pacific.
Reference:
For more Info Visit
Blog: https://chemicalsresearchmarket.wordpress.com/blog/
Comments
Post a Comment