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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