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/ Plastic Stabilizer Market
A type of plastic additive which is used for increasing the plastic properties is generally named a plastic
stabilizer. Some of these properties are prevention of oxidation, protection from high temperatures and
harmful UV rays, and chain scission (at high temperature, the molecular deterioration in the polymers). These
properties help in making the plastic more weatherable for the substrate for maintaining the viscosity in the
material which further helps in fabrication and processing. The major applications in which plastic stabilizer is
used are toys, window profiles, packaging films, pipes, cable ducts, automotive components and many other in
the global market.
The plastic stabilizer market in the global market is expected to grow at a high CAGR of 4.5% to reach a market value
that will account for USD 8,577.1 million by the end of the forecasted period.
COVID 19 Analysis
The situation of the global pandemic of COVID 19 has affected the normal lives of the people as now one has
to fight for financial front along with the health front. Owing to the lockdown situation and post lockdown
situation, the economies are pushed towards forced recession as revenues are dropped to extreme depth.
Because of the shutdown of various manufacturing units, the plastic stabilizer market also observed a deep
downfall in revenues and suffered a great amount of loss.
It is expected that the plastic stabilizer market will recover from this global pandemic situation at the end of
the first quarter and the beginning of the second quarter in the global market during the forecasted period.
Owing to the increase in demand for the different plastic stabilizers in the plastic stabilizer market in the
global market is growing at a tremendous pace. Another factor that drives the plast