Polymer Stabilizers Market To Surpass US$ 14.97 Bn By 2030

The Global Polymer Stabilizers Market is estimated to account for US$ 8.27 Bn in terms of value by the end of 2022, exhibiting a CAGR of 7.7% during the forecast period (2023-2030). according to the Global Polymer Stabilizers Market Report, By Product Type (Antioxidants, Heat Stabilizers, Light Stabilizers), By End User Industry (Packaging, Automotive, Consumer Goods, Building and Construction, Other End User.), By Region (Asia Pacific, North America, Europe, Latin America, Middle East & Africa.) Published by Coherent Market Insights.

Polymer stabilizers are widely used as antioxidants and heat stabilizers. They provide protection against UV radiation and oxidative degradation. In addition, these stabilizers offer flexibility and longevity to the products. They have various application fields such as manufacturing of pipes, decking, conduits, and roofing. They are also used in the agricultural sector for protecting crops from extreme temperatures. Polymer stabilizers are used to ensure the physical properties of plastic. This is done by adding small amounts of chemicals to the polymers to enhance their life span. In addition, polymer stabilizers prolong the useful life of the product after it is manufactured.

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Key Trends and Analysis of the Global Polymer Stabilizers Market Market:

New product launch due to ongoing innovation in the field of polymer stabilizer could act as a major trend for the global market. For instance, in December 2022, Songwon Industrial Co., Ltd., the global manufacturer of polymer stabilizers and a player in the specialty chemicals business has launched a comprehensive range of antioxidants and UV stabilizers in a full range of physical product forms.
Growing government initiatives towards infrastructure development is expected to uplift the market growth. For instance, the government has announced a target of US$ 376.5 billion investment in infrastructure, over a period of three years (2018-2021), including a US$ 120.5 billion investment on the development of 27 industrial clusters and a US$ 75.3 billion investment on road, railway, and port connectivity projects.

Global Polymer Stabilizers Market - COVID-19 Analysis

The Covid-19 pandemic had an impact on the market's supply and demand for Aerospace Forms. Lockdowns all over the world, issues with the supply chain, and fluctuating raw material supplies forced manufacturers to halt production, which sadly resulted in a slowdown in market expansion. Over the course of the forecast period, the introduction of vaccines to combat the COVID-19 pandemic is anticipated to aid in market expansion.

Global Polymer Stabilizers Market Market-Competitive Section