Market Size of Polymer Stabilizers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polymer Stabilizers Market Analysis
The global polymer stabilizers market is expected to grow at a CAGR of over 5% during the forecast period. Polymer stabilizers are added in polymers to prevent the degradation of polymers during processing or use. Polymers are often exposed to heat, cold and UV radiation, and can change its form due to such extreme conditions. The addition of stabilizers helps the polymer to maintain its form and serve well during its period of usage.
- Increasing the use of energy-efficient plastics in the construction sector and increasing usage of hindered amine light stabilizer (HALS) in the packaging industry are expected to drive market growth.
- Ban on plastic bags in various countries across the world is likely to hinder the growth of the market.
