According to a market report by Lucintel, the future of stabilizers in the global plastic additive market looks promising with opportunities in the packaging, consumer goods, construction, and automotive industries. The global plastic additive market in terms of stabilizer usage is expected to reach an estimated $6.3 billion by 2028 with a CAGR of 4.6% from 2023 to 2028. The major drivers for this market are increasing demand from the packaging and automotive industries, as it help in adding ultraviolet and heat resistance properties to plastic.
Within this market, packaging is expected to remain the largest segment due to the widespread usage of plastic packaging in various industries, such as food and beverages, pharmaceuticals, and consumer goods.
APAC will remain the largest region due to rapidly growing e-commerce industry and the increasing demand for cheap and lightweight consumer goods in the region.
BASF SE, Songwon Industrial, Clariant AG, Akzo Nobel N.V, and Evonik Industries AG are the major suppliers for stabilizers in the global plastic additive market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global stabilzers in plastic additive market by application and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for Stabilizers in the Global Plastic Additive Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global stabilzers in plastic additive market by application and region, as follows:
Stabilizers in the Global Plastic Additive Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Packaging
Consumer Goods
Construction
Automotive
Others
Stabilizers in the Global Plastic Additive Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page 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 email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the stabilzers in 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)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?