Hydrolysis Stabilizer Market To Grow With Expanding Chemical Industry
Demands for plastic
additives enhancing plastic products drive the growth of the Global Hydrolysis
Stabilizer Market in the future years.
According to TechSci Research
report, “Hydrolysis Stabilizer Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027” Global hydrolysis stabilizer market is
anticipated to register an impressive growth with a CAGR during the forecast
period, 2023-2027, due to growing adoption of plastic additives. Demand for the
higher shelf life of the plastic products coupled with growing evolution of the
additives that enhance the properties of the plastic material further drives
the growth of the global hydrolysis stabilizer market in the upcoming five
years. Growing demand for the products made of plastics from various end use
sector and increasing demands for the packaging material enhances the growth of
the global hydrolysis stabilizer market in the next five years. Increasing
awareness regarding use of plastics and growing demand for the biodegradable
plastics also influences the growth of the global hydrolysis stabilizer market
in the future five years.
Growing advancement in the
plastic additives to enhance properties of the plastic such as strength, shine,
durability, and heat sensitivity further aids the growth of the global
hydrolysis stabilizer market in the future. The plastic additives such as
hydrolysis stabilizers also enhance, process stability of the plastic material,
performance of the material and appearance of the polymer. Plastic products
have been replacing traditional material for various products, such as plastic
doors, plastic containers, etc. that also supports the market growth. Moreover,
rising disposable income among the population, rapid urbanization around the
globe, and expanding Chinese plastic industry accounts for the future growth of
the global hydrolysis stabilizer market in the forecast period. Government
based financial investments and tax relaxation for the imports of the material
also substantiate the growth of the global hydrolysis stabilizer market in the
forecast years through 2027F.
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The global hydrolysis
stabilizer market segmentation is based on resin, end-use, regional
distribution, and competitive landscape. Based on resin, the market is
fragmented into PU (Polyurethane), PET (Polyethylene
Terephthalate), PBT (Polybutylene Terephthalate), TPU (Thermoplastic
Polyurethane), TPE-E (Thermoplastic Polyester Elastomer), EVA (Ethylene Vinyl
Acetate) and bio-based polyesters (PLA & PHA), and others. Polyurethane
(PU) is anticipated to hold the largest revenue shares f the market and
dominate the market segment in the upcoming five years on the grounds of its
higher stability and advantages against polymer degradation. Surge in the
demands for packaging material and plastic containers further supports the
segmental growth along with the growth of the global hydrolysis stabilizer
market in the next five years.
By end-use, the market is
bifurcated into packaging, automotive, consumer goods, furniture, construction, and others. Automotive
end use is anticipated to hold the largest revenue shares of the market and
dominate the market segment in the upcoming five years on the grounds of
expanding automotive industry and growing technological advancements. Demand
for the plastic material to make the vehicle body light weight and to enhance
the performance of the automotives, the demand for the plastics and its
additives are increasing that support the growth of the global hydrolysis
stabilizer market in the forecast years through 2027F. Packaging sector is also
anticipated to hold significant growth in the future years owing to surging
demand for hygienic food packaging and other packaging demands that would not
degrade the quality of the product.
The market analysis also
studies the regional segmentation, divided among Asia-Pacific region, North
American region, European & CIS region, South American region, and Middle
East & African region.
Some of the market players,
dominating the global hydrolysis stabilizer market are
·
BASF
SE
·
Songowan
International
·
Lanxess
·
Akzo
Novel N.V.
·
Solvay
SA
·
Wacker
Chemie AG
·
Evonik
Industries AG
·
Albemarle
Corporation
·
Adeka
Corporation
·
Addivant
USA
·
Aquapersions
M SDN BHD
·
Unichem
Shanghai Co Ltd
·
Meraxis
AG
·
Suqian
Unitedchem Co Ltd
·
Shandong
Jianxing New Materials
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“North America region is anticipated
to hold the largest revenue shares of the market and dominate the regional
segment of the market in the upcoming five years. Growing demand for the stable
plastic product with higher shelf life, facilitates the market growth in the
region. Also, availability of the multiple market players highly invested in
the development of the technological advancement and actively investing in the
segment also add to the growth of the global hydrolysis stabilizer market in
the future five years. Rising disposable income among the population in the
countries like the United States, Canada, etc., incorporated with the demands
for the automotives, plastic products, packaging also substantiate the growth
of the global hydrolysis stabilizer market in the future five years. New market
players may focus on research and product development. Technological
advancement in the hydrolysis stabilizer to enhance their performance would
allow them to establish their brands in the market and support the market
growth in future too,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Hydrolysis Stabilizer Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented
By Resin (PU, PET, PBT, TPU, TPE-E, EVA and bio-based Polyesters (PLA &
PHA), Others), By End-Use (Packaging, Automotive, Consumer Goods, Furniture,
Construction & Others), By Region”, has evaluated the future
growth potential of global hydrolysis stabilizer and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global hydrolysis stabilizer market.
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