World Plastic Stabilizer Market to Exceed USD 8.57 Bn by 2023, Forecasts MRFR in Its Topical Research Study Available at MarketPublishers.com
24 Jan 2018 • by Natalie Aster
LONDON – Driven by such factors as rising demand of plastics from the automotive industry to replace conventional materials, escalating demand for plastics in the APAC region and high consumption of plastics in everyday life, the world’s market for plastic stabilizers is forecast to grow at a modest 4.49% to go beyond USD 8.57 billion by late 2023.
On the basis of types, the overall market is led by the heat stabilizers segment. Growth in this segment is attributed to expanding usage of this type in the production of different materials further applied in a slew of industrial applications. Meantime, the antioxidant segment set to rise at the highest growth rate in the foreseeable future spurred by remarkable uptake in the packaging industry.
On the basis of materials, the plastics stabilizer market is dominated by the thermoplastic materials segment; this segment grabbed 77% market share in 2016. The surging demand for thermoplastic materials from the key end-use industries (building, packaging, construction, consumer goods, automotive, etc.) is predicted to fuel further growth at a swift pace in this segment in the coming years.
Regionally, APAC is the biggest market for plastic stabilizers. Through to 2023, this regional market is projected to grow at a 5.11% CAGR, propelled majorly by elevating demand from the consumer goods industry along with rising production capacity in the region.
The topical research report “Global Plastic Stabilizer Market – Trends & Forecast, 2017-2023” worked out by Market Research Future (MRFR) gives in-depth insights into the global plastic stabilizer market scenario, covers the historical growth patterns as well as discusses the possible future development trends and growth opportunities.
This research study sheds light on the plastic stabilizer market dynamics, examines the key growth driving and restraining forces, touches upon the key growth barriers and opportunities, delves deep into the competitive landscape, and uncovers info on the top companies. The report comprises a profound market segmentation analysis, offers data on the market size and growth rates, evaluates the market attractiveness, provides future forecasts up to 2023.
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