Global Polymer Stabilizer Market, By Type (Heat Stabilizers, Antioxidants, Light Stabilizer, Others)

Published Date: | Report Code : CH2023445

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The Polymer Stabilizer Market is expected to promise high growth due to increasing demand in automotive applications for lightweight plastic products in recent years. Increasing demand from end-use industries including chemical, packaging, consumer goods, building & construction, automotive, others, is expected to drive the growth of the market.

Increasing the use of plastics and replacing conventional materials with plastics in several industries, etc. will, in turn, bolster the polymer stabilizer market. Many manufacturers are in new product development to sustain vigorous competition. Polymer stabilizers are a kind of chemical additives that are added to polymeric materials, such as plastics to slow down degradation. It can affect the mechanical properties of polymers such as strength and malleability and also its color and appearance. 

Segment Analysis:

Polymer Stabilizer Market comprises of three segments that are by Type, by End-use Industry, and by Region.

Based on type, the polymer stabilizer market can be classified into a heat stabilizer, light stabilizer, and anti-oxidant stabilizer. Light stabilizer further bifurcates into UV absorber, UV Quencher, Hindered Amine Light Stabilizer similarly anti-oxidant stabilizer further bifurcates into Primary Antioxidants and Secondary Antioxidants. Among these, heat stabilizers is a dominant segment in the market due to high demand from the plastics industries for its property of protecting end-use products from extreme heat.

On the basis of the End-Use Industry, Polymer Stabilizer Market can be classified into Chemical, Packaging, Consumer Goods, Building & Construction, Automotive, and others. The packaging industry is anticipated to dominate the polymer stabilizer market as it has increased demand from various industries such as food, healthcare, automotive industry and many more for the packaging of their goods.

Key Factors Impacting Market Growth:

  • Increasing demand in automotive applications for lightweight plastic products.
  • High investments in R&D to reduce manufacturing and operational costs.
  • Untapped opportunities in emerging markets.

Regional Analysis: 

Based on the region, the polymer stabilizer market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that due to increasing in demand for non-degradable, and UV & IR-resistant coating materials from the food & beverage, pharmaceutical, and industrial packaging sectors. They are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing several transitions in terms of productions of chemicals and respective applications by end-use industries. Replacement of conventional materials with plastics is a key driver of the polymer stabilizer market during the forecast period. Moreover, regulatory authorities have imposed strict guidelines about environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

The Asia Pacific and the Middle East are expected to register substantial growth in the polymer stabilizer market during the forecast period. The Asia Pacific has rapid developing packaging, automotive, and construction industries. Infrastructural development, increase in construction activity, rise in the standard of living resulting to increase demand for polymer stabilizer. It includes major countries like China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for the polymer stabilizer market. Global companies increasing investment in these regions to strengthen their presence and capture the potential market. Major economies in these regions for the polymer stabilizer market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Developments:

  • In March 2017, BASF announced the expansion of its new plastic additives plant in Shanghai, China to increase the production of antioxidants and associated blends.

Companies Covered: Some of the key players in the polymer stabilizer market are BASF SE (Germany), Songwon Industrial Co. ltd. (South Korea), Albermarle Corporation (US), Clariant International Ltd. (Switzerland), BASF and Songwon are among the top players leading the polymer stabilizer market. BASF has been mainly focusing on new product launches as a part of its strategic development activity.

Market Segmentation:

By Type:

  • Heat Stabilizers
  • Antioxidants
    • Primary Antioxidants
    • Secondary Antioxidants
  • Light Stabilizers
    • UV Absorber
    • UV Quencher
    • Hindered Amine Light Stabilizer
  • Others

By End-Use Industry:

  • Chemical
  • Packaging
  • Consumer Goods
  • Building & Construction
  • Automotive
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico, Rest Of North America)
    • By Type
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By End-Use Industry
  • Rest of the World
    • By Region (South America, Africa, Rest of the World)
    • By Type
    • By End-Use Industry

Reasons to Buy This Report:

  • Market size estimation of the polymer stabilizer market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

  • We provide customization of the study to meet specific requirements:
  • By Segment
  • By Sub-segment
  • By Region/Country

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