UAE Polymer Stabilizer Market to Grow with a CAGR of 3.54% through 2028
Surge in research and development activities is expected to drive the UAE
Polymer Stabilizer Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “UAE Polymer
Stabilizer Market– By Region, Competition, Forecast and Opportunities,
2018-2028F”, the UAE Polymer Stabilizer Market is anticipated to grow with
a CAGR of 3.54% in the forecast period, 2023-2028. The initiatives taken by
government based on polymer stabilizer has led to favorable market conditions
for the UAE Polymer Stabilizer Market. Several factors contribute to the growth
of various polymer stabilizer market products.
As part of its
comprehensive 2030 Agenda for Sustainable Development, the UAE government has
launched a series of visionary initiatives aimed at inspiring scientific
innovation, driving technological advancement, and fostering sustainable
development. These forward-thinking efforts are set to have a profound and
positive impact on the polymer stabilizer market, as these crucial additives
play an instrumental role in enhancing the durability, longevity, and overall
sustainability of materials.
Recognizing the
pressing need to address the challenges posed by climate change and improve air
quality, the UAE has adopted a range of policies and strategies that are
specifically designed to mitigate the impacts of environmental factors. These
initiatives encompass a wide array of measures, including but not limited to
emission reduction targets and the promotion of clean and green technologies.
Consequently, it is expected that the demand for polymer stabilizers will
experience a significant upsurge, driven by their invaluable ability to protect
polymers from degradation caused by various environmental stressors.
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Research and
Development (R&D) are of paramount importance in the polymer stabilizer
market. These efforts play a pivotal role in fostering innovation, driving the
development of novel products, and enhancing the performance of existing ones.
With the rising environmental concerns, there is a growing demand for bio-based
and eco-friendly stabilizers. Consequently, R&D endeavors are increasingly
focused on creating efficient and sustainable solutions to meet this demand. By
investing in continuous research and exploring cutting-edge technologies, the
industry aims to address the evolving needs of the market and contribute to a
more sustainable future.
The UAE Polymer
Stabilizer Market is segmented in type, end user, regional distribution, and company.
Based on its type, the heat stabilizer segment held
the largest share in the market. With the growing emphasis on energy-efficient
materials and sustainable practices, heat stabilizers are playing an
increasingly pivotal role. These crucial additives help maintain the structural
integrity and performance of energy-efficient plastics, which are extensively
utilized in the construction sector. By effectively preventing thermal
degradation and ensuring long-term durability, heat stabilizers contribute to
the overall sustainability and longevity of energy-efficient building
materials, making them indispensable components in modern construction
practices.
Based on region, Dubai segment is expected to grow
during the forecast period.
Dubai's strategic position as a regional hub of
diplomacy and international relations is a key factor contributing to its
dominance. Situated at the crossroads of Europe, Asia, and Africa, Dubai's
geographical location offers unparalleled access to global markets and trade
routes. This, coupled with its world-class infrastructure and business-friendly
policies, has made it a magnet for multinational corporations and international
investors seeking to establish a presence in the Middle East.
As a result, Dubai's economy has experienced
remarkable growth, driving the demand for various industries, including the
polymer stabilizer market. The increased presence of multinational corporations
has not only boosted the local economy but has also created a thriving business
ecosystem that fosters innovation and collaboration. With a strong emphasis on
sustainability and technological advancements, Dubai has become a preferred
destination for companies looking to capitalize on the growing demand for polymer
stabilizers in the region and beyond.
Major companies operating in UAE Polymer Stabilizer
Market are:
- Radhey Polymers LLC
- Borouge BASF SE
- Songwon Industrial Co., Ltd.
- Albemarle Corporation
- Akzo Nobel N.V.
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“Growing application of polymer stabilizer in various
end user industries are key drivers of the polymer stabilizer market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of polymer stabilizer with
every passing year are anticipated to register an impressive growth to UAE
Polymer Stabilizer Market in the forecast period.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“UAE Polymer Stabilizer Market By Type (Antioxidants,
Heat Stabilizer, Light Stabilizer, Others), By End User (Packaging, Automotive,
Consumer Goods, Building & Construction, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of UAE Polymer Stabilizer Market 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 UAE Polymer Stabilizer Market.
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