Global Polymer Stabilizer Market by Type (Heat Stabilizer, Light Stabilizer, and Antioxidant), By Application (Packaging, Automotive, Consumer Goods, Building & Construction, and Others) - Global Industry Share, Growth, Competitive Analysis and Forecast Period 2022-2028
The global polymer stabilizer market is projected to grow at a CAGR of 4.8% during the forecast period. Polymers are exposed to environments such as heat, cold, and UV radiation. Due to extreme conditions, the polymers can change their form. By adding stabilizers, it is easy to maintain polymer’s form and it serves well during the period of usage. Polymer stabilizers are used to prevent premature degradation. Most of the polymers are vulnerable to environmental degradation and require the addition of a stabilizer such as an antioxidant or UV absorber. Polymer additives such as the amine light stabilizers prevent oxidation by de-activating existing radicals formed by air oxidation whereas UV absorbers dissipate UV radiation.
The factors that are augmenting the market growth include the increasing demand for plastics across various industries and the growing popularity of light stabilizers. Conventional materials are being replaced by plastics in various end-user industries that are augmenting the polymer stabilizer market during the forecast period. Plastics are effective substitutes to wood, metal, and glass in main industries such as agriculture, automotive, and construction. This has spurred the demand for stabilizers used for polymers in the manufacturing of plastic products.
Moreover, some factors are expected to restrain the market such as the high manufacturing cost of light stabilizers. The cost of materials and labor is high for light stabilizers as the materials used are highly volatile and specific to the applications. These are the major factors hindering the growth of the market. However, expanding the business in the untapped region of Asia-Pacific and cohesive government policies are expected to create further growth opportunities in the future for the polymer stabilizer market across the globe.
The global polymer stabilizer market is segmented on the basis of application, and type. On the basis of type, the market is further diversified into heat stabilizers, light stabilizers, and antioxidants. Further, on the basis of application, the global polymer stabilizer market is sub-divided into packaging, automotive, consumer goods, building & construction, and others.
Global Polymer Stabilizer Market Share by Application, 2020 (%)
Global Polymer Stabilizer Market Share by Application
The market is analyzed on the basis of application into packaging, automotive applications, consumer goods applications, building and construction, others. Building and construction segment is estimated to hold a prominent share in the market. Increasing demand for products such as TPO roofing, polyolefin roofing tiles, and solar shingles further drives the segmental growth of the market.
Geographically, the study of the global polymer stabilizer market covers the analysis of four major regions North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is estimated to exhibit considerable growth during the forecast period. The regional growth of the market is attributed to the increasing demand for plastics in various industries coupled with its increasing use in building & construction and packaging. China, India, and Japan are the major contributing economies driving the growth of the Asia-Pacific polymer stabilizer market.
Market Players Outlook
Moreover, the report covers the analysis of various players operating in the market. Some of the key players covered in the report include BASF SE, Songwon International Group, Clariant International Ltd., Solvay SA, and Evonik Industries AG. In order to survive in the market, these players adopt different marketing strategies such as a merger, acquisitions, product launch, and geographical expansion. For instance, in 2019, SONGWON Industrial Group, and Sabo S.p.A., announced their milestone in their long-term collaboration. Sabo launched a light stabilizer system named SABO STAB UV 216. The product is mainly developed for tough agricultural applications.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Polymer Stabilizer market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market
Table of Contents
- Current Industry Analysis and Growth Potential Outlook
- Impact of COVID-19 on the Global Polymer Stabilizer Market
- Recovery Scenario of Global Polymer Stabilizer Market
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
5.1.1. Heat Stabilizer
5.1.2. Light Stabilizer
5.2. Polymer Stabilizer Market by Application
5.2.3. Consumer Goods
5.2.4. Building and Construction
6.1.1. United States
6.2.6. Rest of Europe
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7.2. Adeka Corp.
7.3. BASF SE
7.5. Chitec Technology Co., Ltd.
7.6. Clariant International Ltd.
7.7. Evonik Industries AG
7.9. L. Brüggemann GmbH & Co. KG
7.10. Lambson Ltd.
7.12. Lycus Ltd.
7.13. M.P.I Chemie BV
7.14. Merck KGaA
7.15. Mayzo, Inc.
7.16. Milliken &Co.
7.17. Qingdao Jade New Material Technology
7.18. Solvay SA
7.19. Songwon Industrial Group
7.20. Vanderbilt Chemicals, LLC
A selection of companies mentioned in this report includes:
- Addivant USA LLC
- Adeka Corp.
- BASF SE
- Chitec Technology Co., Ltd.
- Clariant International Ltd.
- Evonik Industries AG
- L. Brüggemann GmbH & Co. KG
- Lambson Ltd.
- Lycus Ltd.
- M.P.I Chemie BV
- Merck KGaA
- Mayzo, Inc.
- Milliken &Co.
- Qingdao Jade New Material Technology
- Solvay SA
- Songwon Industrial Group
- Vanderbilt Chemicals, LLC