According to the recent study the stabilizers in the global plastic additive market is projected to reach an estimated $4.8 billion by 2028 from $3.8 billion in 2023, at a CAGR of 4.6% from 2023 to 2028. Growth in this market is primarily driven by increasing demand from the packaging and automotive industries, as stabilizers help in adding ultraviolet and heat resistance properties to plastics.
A more than 150 – page report is developed to understand trends, opportunities and forecast in stabilizers in the global plastic additive market by application (packaging, consumer goods, construction, automotive, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Packaging market is expected to remain the largest segment during the forecast period.”
Based on application, the stabilizers in the global plastic additive market is segmented into packaging, consumer goods, construction, automotive, and others. Lucintel forecasts that the packaging market is expected to remain the largest segment due to the widespread usage of plastic packaging in various industries, such as food and beverages, pharmaceuticals, and consumer goods.
“Asia pacific will dominate the stabilizers in the global plastic additive market in near future”
APAC will remain the largest region due to rapidly growing e-commerce industry and the increasing demand for cheap and lightweight consumer goods in the region.
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Major players of stabilizers in the global plastic additive market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. BASF SE, Songwon Industrial, Clariant AG, Akzo Nobel N.V, and Evonik Industries AG are among the major stabilizers in the global plastic additive providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/stabilizers-in-plastic-additive-market.aspx or [email protected]