Global Polymer Stabilizer Market Analysis, 2024-2030

Polymer stabilizers are chemical additives added to plastic and polymer products while manufacturing, to protect them from degradation or damage. Certain plastic materials are vulnerable to heat and cold of the manufacturing process from oxidation, uncontrolled recombination or crosslinking reactions. Polymer stabilizers ensure retention of the physical properties and longevity of the material. Any industry using plastic as a primary material, by default, is the biggest consumer for polymer stabilizers globally. Based on end-use, packaging, automobile, construction and consumer goods are the leading industries that consume polymer stabilizers in huge quantities.

The report on global polymer stabilizer market is based on 315 hours of primary and secondary research. As per the report, the global market for polymer stabilizers was marked at the US $ XXX billion in 2014 and since then had shown a growth of XXX% every year. The market value is expected to reach up to US $ XXX billion by 2023, i.e., a CAGR of XXX% between 2017–2023.

With plastic being a key replacement of traditional materials like wood, glass and metals all-over the world, polymer stabilizers have been enjoying increasing demand in the global market. Also, the population growth around the world is leading to an increase in consumption of FMCG products and other consumer goods, thereby leading to an increased demand for the packaging industry which in-turn uses polymer stabilizers. Additionally, the improved standard of living in Asia Pacific region has led to an increase in the demand for polymer stabilizers across all the industries that use stabilizers.

But there are limitations as well in the path of growth for the polymer stabilizer industry that have been observed. The major one being that processing of polymer stabilizers is both capital and labor intensive which are the primary restraints to its growth. Moreover, governments all over the world have formulated strict guidelines restricting usage of plastic and more people are becoming aware of its hazardous effects. Further, the environmental hazards involved in using plastic are the reason why they are opposed by consumers, which in turn, hinders the growth of polymer stabilizer industry.

Because of the already high and still increasing population which regularly buys consumer goods and invests in construction and automobile, the Asia Pacific region is a dominant market for polymer stabilizers. China, South Korea, and Japan are the leading manufacturers who lead the polymer stabilizer market at present. During the forecast period, North America and Europe are expected to join the bandwagon as well.

The key players that have a significant impact on the global polymer stabilizer market are BASF SE and Clariant. In July 2018, Clariant might shift production out of US amid trade tensions.

Our Approach

The research process at Market Krystal begins with the bifurcation of global polymer stabilizer market into smaller segments, followed by tracking the factors affecting each segment of the market. Therefore, global polymer stabilizer market is classified based on type, end-use, and geography. Based on type, the market is segmented into light stabilizer, antioxidant, and heat stabilizer. As per the application, the market is segmented into automotive, packaging, building & construction, consumer goods. All types of polymer stabilizer were tracked for different applications in different countries across the globe. The market numbers & insights were validated by involving business leaders from diverse background (Fig.1).

Figure 1 Primary research breakdown

Contents of the report:

• Insight on the polymer stabilizer industry dynamics.
• Estimation of the current polymer stabilizer market size in terms of value and volume.
• Market breakup of global polymer stabilizer market based on type, end-use, and geography.
• Substantiated market forecast for each segment of the global polymer stabilizer market for the next five years.
• Detailed analysis of the key companies operating across different nodes of polymer stabilizer industry value chain.

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