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Aug-2019
The Ultimate Guide to Polymer Stabilizer Market
The Polymer Stabilizer Market is a growing market with an average CAGR of 4.1 % during the forecast period. As of 2018, the Polymer Stabilizer Market industry is valued at 6.91 billion USD, and it is estimated to reach 8.45 billion USD by the year 2023.
Introduction:
The polymeric stabilizers are used as additives in the manufacture of plastic products. They are used directly or in combination to prevent oxidation, chain scission, uncontrolled recombination, and crosslinking reactions. Plastics such as polyvinyl chloride and polycarbonate tend to degrade when exposed to heat, cold and light. Radiation from these sources initiates chemical reactions in plastics that result in the degradation and loss of the chemical and physical properties of plastics. The specially designed polymer stabilizers protect the polymer during processing and ensure that the finished plastic-based products retain their physical properties during use, which improves their longevity. Polymeric stabilizers contribute to the long-term aging of the product after its manufacture.
Research methodology
This study involves the intensive use of secondary sources, directories and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva) to identify and collect useful information for this technical, commercial and commercial study of the polymer stabilizer market. The primary sources mainly include several experts from the main industry and the related industry and preferred suppliers, manufacturers, distributors, service providers, and organizations associated with all segments of the industry's supply chain. Industry. After reaching the total size of the market, the market was divided into several segments and subsegments. The following figure illustrates the distribution of the primary interviews by type of company, designation, and region made during the study:
Growth factors:
- Growing demand for light stabilizers in polymers and plastics.
- For a complete and detailed list, see the full report.
- Growing demand for lightweight plastic products in automotive applications.
- For a complete and detailed list, see the full report.
Forecast:
The market's growth rate over the next five years is expected to be stable in North America and Europe, while it is expected to grow more in the Asia-Pacific region and the Middle East and Africa. Likely, the growing demand from the construction and construction, automotive and packaging industries will stimulate the demand for polymeric stabilizers.
Key Trends
- In 2018, the final packaging industry experienced the fastest growth among end-users and is expected to maintain its position over the forecast period.
- Packaging products, such as bottles and food-wrapped items, must survive extreme conditions, such as heat, light, and moisture, with no change in appearance or premature mechanical failure over the life of the product. Product life. To achieve this, it is necessary to add suitable stabilizers such as antioxidants, treatment stabilizers, and thermal stabilizers, stabilizers against light and UV, processing aids, etc. The addition of these stabilizers also allows the development of new applications for plastics.
- Polymeric stabilizers are also widely used in agricultural packaging applications. Agricultural films and plastics are designed to provide properties such as protection against UV rays, extreme temperatures and the chemicals needed to protect crops, as they are used in greenhouses, tunnels, roofs, and irrigation systems.
- Around the world, food safety and packaging standards are becoming more stringent and therefore encourage good quality packaging, which increases the demand for polymeric stabilizers periodically.
- According to Packaging Distributors of America, the global packaging sector accounted for more than $424 billion in 2017 and is growing at an annual rate of about 3.5% over the years.
Regional analysis:
The Asia-Pacific region is expected to be the fastest-growing market in value during the forecast period due to the rapid growth of the automotive and construction industries in countries such as Japan and Japan. 'India. And South Korea. Increasing infrastructural developments are mainly responsible for the strong demand for polymeric stabilizers. Increased construction activity is expected to increase the use of pipes, ducts, fittings, roofs, and roofs over the same period, which will increase the demand for stabilizing polymers used in these products.
China is the largest consumer and polymer manufacturer in the Asia-Pacific region. The growth of manufacturing activities in the country and the increasing production of plastics and polymers in the region are expected to stimulate the market for polymeric stabilizers.
According to China's National Bureau of Statistics, the number of plastic processing companies, which reached nearly 13,000 in 2011, exceeded 15,000 in 2017 and up to 2018. The volume of plastic product production in the country was rose to 75 155 million tonnes. 2017, which has further increased until 2018, Increasing plastic production in the country is expected to increase the demand for polymer stabilizers used in plastics production.
WRITTEN BY: Saikat
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