POLYMER STABILIZERS MARKET ANALYSIS

Polymer Stabilizers MarketSize and Trends

Global Polymer Stabilizers Market is projected to reach around US$ 14.97 Billion by 2030, in terms of revenue, exhibiting a CAGR of 7.7% during the forecast period (2023-2030).

Global Polymer Stabilizers Market: Trends

• Growing trend of Digitalisation: Strong growth of e-commerce sector due to growing trend of digitalization is contributing to the growth of the packaging industry. For instance, during 2018, express delivery companies delivered around 49 billion parcels in the China, which reflects about 23% increase over the previous year. The country witnessed rapid growth in the fast-moving consumer goods (FMCG) sector, during 2018. Growing trend of lightweight automobiles is increasing production of automobiles. Use of plastics in automotive industry improves the fuel-efficiency of vehicle. Automotive components that are made using plastics are impellers, pump housings, carburetor floats, reservoirs, bumper, locks, door handles, steering wheel, cup holders, seatbelt, head rests, dashboard, lightings, bumpers, liquid reservoirs, etc.

 Figure 1. Global Polymer Stabilizers Market Share (%), By Region, 2022

Figure 2. Global Polymer Stabilizers Market Share (%), By Product Type, 2022