Lucintel's latest market report analyzed that stabilizers in the global plastic additive provides attractive opportunities in the packaging, consumer goods, construction, and automotive industries. The stabilizers in the global plastic additive market is expected to reach $4.8 billion by 2028 with a CAGR of 4.6%. In this market, packaging is the largest segment by application.
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Based on application, the stabilizers in the global plastic additive market is segmented into packaging, consumer goods, construction, automotive, and others. The packaging segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the widespread usage of plastic packaging in various industries, such as food and beverages, pharmaceuticals, and consumer goods.
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The Stabilizers in the Global Plastic Additive Market is marked by the presence of several big and small players. Some of the prominent players offering stabilizers in the global plastic additive include BASF SE, Songwon Industrial, Clariant AG, Akzo Nobel N.V, and Evonik Industries AG.
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