Rockville, MD , Sept. 16, 2024 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global Hydrolysis Stabilizers Market is estimated to reach a valuation of US$ 469.3 million in 2024 and is expected to grow at a CAGR of 5.4% during the forecast period of (2024 to 2034).
The hydrolysis stabilizers market has emerged as an imperative element for the fulfilment of many industries, most of all when it concerns manufacturing and processing related to polymers. These additives are prepared with great care to save the polymers from their degradation due to hydrolysis, which is a water-based chemical reaction that degrades the structural properties and functional abilities of materials. Hydrolysis stabilizers have become even more vital with increasing industry demands for the production of quality and long-lasting products.
The market dynamics are significantly influenced by the growing application of polymers across packaging, automotive, construction, and electronics. Concurrently, the growth in environmental concerns, coupled with increasingly severe regulations, has shifted interest toward the development of green and sustainable hydrolysis stabilizers. This has, in turn, triggered innovative development in design related to bio-based and nontoxic formulations and opened up new opportunities for market growth.
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Key Takeaways from Market Study:
- The global hydrolysis stabilizers market is projected to grow at 5.4% CAGR and reach US$ 794.1 million by 2034
- The market created an opportunity of US$ 324.7 million between 2024 to 2024
- North America is a prominent region that is estimated to hold a market share of 31.5% in 2024
- Polyurethane (PU) under resin type is estimated to grow at a CAGR of 5.5% creating an absolute $ opportunity of US$ 81.6 million between 2024 and 2034
- North America and East Asia are expected to create an absolute $ opportunity of US$ 190.2 million collectively
"The hydrolysis stabilizers market is poised for steady growth, driven by increasing demand in polymer-intensive industries. Key trends include a shift towards eco-friendly formulations and expanding applications in emerging economies. While raw material price volatility poses challenges, opportunities lie in innovative product development and strategic partnerships," says a Fact.MR analyst.
Key Companies Profiled:
BASF SE; Songwon International; Lanxess; Clariant; Solvay SA; Akzo Nobel N.V.; Wacker Chemie AG; Evonik Industries AG; Nouryon; Addivant; Baerlocher GmbH; PMC Group, Inc.; Albemarle Corporation; Adeka Corporation.; Other Prominent Players.
Hydrolysis Stabilizers Market News:
- In Aug 2024, Lanxess has introduced new hydrolysis stabilizers, a series of additives that provides higher polymer resistance in applications where moisture prevails. The newest product line will be oriented for industries like automotive and construction, where material strength is required.
- In July 2024, To speed up developments in hydrolysis stabilizers, Lanxess has entered into a strategic partnership with an important research institution based in Italy.
- In August 2024, LANXESS has managed to make considerable progress in improving the efficacy of bio-based polyesters, primarily PLA, by using its Stabaxol® hydrolysis stabilizers.
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global hydrolysis stabilizers market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights on the basis of resin type (Polyurethane (PU), Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT), Thermoplastic Polyurethane (TPU), Thermoplastic Polyester Elastomer (TPE-E), Ethylene Vinyl Acetate (EVA), Bio-based Polyesters (PLA & PHA), Others), by application (Electrical and Electronics, Automotive and Transportation, Industrial Applications, Consumer Goods, Construction and Building Materials, Textile and Clothing, Medical and Healthcare) across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, Middle East & Africa).
Segmentation of Hydrolysis Stabilizers Industry Research:
- By Resin Type :
- Polyurethane (PU)
- Polyethylene Terephthalate (PET)
- Polybutylene Terephthalate (PBT)
- Thermoplastic Polyurethane (TPU)
- Thermoplastic Polyester Elastomer (TPE-E)
- Ethylene Vinyl Acetate (EVA)
- Bio-based Polyesters (PLA & PHA)
- Others
- By Application :
- Electrical and Electronics
- Cable Sheathing
- Injection-Molded Parts for Electronics
- Other Applications
- Automotive and Transportation
- Auxiliary Springs in Cars
- Drive Belts
- Automotive Seals and Gaskets
- Other Applications
- Industrial Applications
- Surface Coatings of Rollers
- Sieves Used in Paper Manufacture
- Industrial Membranes and Seals
- Other Applications
- Consumer Goods
- Shoe Systems
- Sporting Equipment
- Other Applications
- Construction and Building Materials
- Weatherproofing Membranes
- Sealants and Adhesives
- Other Applications
- Textile and Clothing
- Waterproof Fabrics
- High-Performance Fibers
- Other Applications
- Medical and Healthcare
- Medical Tubing
- Implantable Devices
- Other Applications
- Electrical and Electronics
- By End-Use Industry :
- Packaging
- Automotive
- Consumer Goods
- Furniture
- Construction
- Others
- By Form :
- Solid (Powder)
- Liquid
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