Market Overview:
The Plastic Stabilizer is estimated to be valued at USD 8,577.1 million by the end of 2023 and expected to grow at a CAGR of 4.49% during the review period. The major factors favouring growth of the market are the surging demand of plastic in automotive industry to replace conventional material, huge consumption of plastics in day to day life, and rising demand of plastics in Asia Pacific. Application of phenolic antioxidant in packaging industry accounted for the largest market share. It has been projected to grow at the highest CAGR on account of the increasing demand of the product for packaging of food and other retail products. Consumer goods industry is the second major consumer of plastic stabilizer accounted for second largest share of the market in 2016.

Request For Sample Report @
https://www.marketresearchfuture.com/sample_request/4442

Market Segmentation:
The Global Plastic Stabilizer Market is segmented on the basis of type, material, end use industry and region.
On the basis of Type, divided into heat stabilizer, antioxidant, light stabilizer, and others.
On the basis of Application, segmented into thermoplastic, thermosetting, and elastomers.
On the basis of End Use Industry, categorized into packaging, building & construction, automotive, consumer goods, electrical & electronics, agriculture, and others.
On the basis of Geographically, Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa

Major Key Players:
The prominent players in the Global Plastic Stabilizer that includes-
• BASF SE (Germany),
• Songwon Industrial Co. Ltd (South Korea),
• Clariant AG (Switzerland),
• Akzo Nobel N.V (Netherland),
• Evonik Industries AG (Germany),
• ADEKA CORPORATION (Japan),
• Solvay SA (Belgium),
• INDOFIL INDUSTRIES LIMITED (India),
• Bruggemann Group (Germany),
• Baerlocher GmbH (Germany),

Regional Analysis:
Geographically, the global Plastic Stabilizer is segmented into-
• Asia Pacific,
• Europe,
• North America,
• Latin America,
• Middle East & Africa
Among them, Asia Pacific accounted for the largest share of the market in 2016, and is projected to grow at the highest CAGR of 5.11% during the review period. The dominance of Asia Pacific region is primarily attributed to the increasing demand for the product in manufacturing consumer goods and expanding production capacity in this region. Asia Pacific region is closely followed by North America, which accounted for the second largest market share in 2016. The U.S. accounted for the highest market share in North America and is expected to remain dominant throughout the forecast period owing to greater penetration of end use industries in the country.
Europe is a significant region in the Global Plastic Stabilizer Market. It accounted for a 23% share of the market in 2016. Germany dominates the regional market in terms of value and volume due to increasing demand from a well-established automotive industry. Europe is followed by Latin America and the Middle East & Africa, which are estimated to grow at moderate rate during the forecast period.

Read More About Report @
https://www.marketresearchfuture.com/reports/plastic-stabilizer-market-4442

About Company-
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]