Polymer Stabilizer Market

Polymer Stabilizer Market Size-(2023-2028):

Polymer Stabilizer Market was estimated at USD 9.1 billion in 2022 and is predicted to reach USD 12.32 billion by 2028, with a CAGR of 6.2%  from 2023-2028

Polymer stabilizers are employed as additives in the production of plastic components. They protect the polymer during plastic processing and ensure that finished plastic products retain their physical properties during use, thereby improving their longevity. It also contributes to the long-term aging of the product after its manufacture. Polymer stabilizers are employed as additives to make plastic products. They are employed directly or in combination to avoid oxidation, chain cleavage, uncontrolled recombination, and crosslinking reactions. Radiation from these sources initiates chemical reactions in plastics that result in degradation and loss of the chemical and physical properties of plastics. Particularly made polymer stabilizers shield the polymer throughout processing and make sure that the goods based on plastic store their physical characteristics throughout their employment, hence enhancing their life.

Polymer Stabilizer Market Drivers:

Plastics are efficient alternatives to wood, metal, and glass in major industries, like automotive and construction. This has augmented the call for the employment of stabilizers in polymers in the making of plastic goods. Polymer stabilizers are the best alternatives to conventional plastics materials in various end-user industries, which is an important driver for the expansion of the worldwide polymer stabilizer industry. The growing call for thermal stabilizers in the plastics industry and their intensive use in end-use industries like construction, automotive, and consumer goods are the main drivers of expansion in the global polymer stabilizers market. A recent trend observed is the escalating call for ecological alternatives in polymer stabilizers, which consist of low levels of phenol and VOC (volatile organic compounds) has led to several alternatives for lead and cadmium-based thermal stabilizers, like mixed metal, rare earth, and tin thermal stabilizers. In the packaging business, there has been a quickly escalating call for polymer stabilizers for polymer uses intended to add UV and heat-resistant features to polymer goods. These properties are important in the uses of packaging to protect the packaging material and the product stored in the material from degradation.

Restraints in the Polymer Stabilizer Market:

The main factor limiting the expansion of the global polymer stabilizer industry is the high cost of manufacturing the light stabilizer. Strict regulations for the use of raw materials in manufacturing due to their high volatility is another factor that is likely to hinder the expansion of the worldwide industry for polymer stabilizers during the foreseen period.

Opportunities in the Polymer Stabilizer Market:

Industry players are investing heavily in customized products to gain a competitive advantage in the international market, which will accelerate the demand for polymer stabilizers in the anticipated period. Polymer stabilizer manufacturers have also concentrated on providing custom products for a competitive advantage in recent times. This has also contributed to an escalated use of polymer stabilizers due to their improved performance. These factors, in turn, have driven the expansion of the polymer stabilizer industry worldwide.

Challenges in the Polymer Stabilizer Market

The industry for polymer stabilizers is very capital-intensive and the cost of labor and raw materials is high. The materials employed to make polymer stabilizers are highly volatile and must meet quality standards and government regulations. In addition, the chemical risk involved in the production and recycling of plastics makes it difficult to use plastic, which in turn prevents the expansion of polymer stabilizers.

POLYMER STABILIZER MARKET REPORT COVERAGE:

Polymer Stabilizer Market Segmentation:

Polymer Stabilizer Market - By Type:

• Antioxidant

• Heat stabilizer

• Light stabilizer

• Others

The industry is dominated by the Thermal Stabilizers segment in value terms, primarily due to its wide use in almost all end applications to protect polymers from extreme heat conditions.

Polymer Stabilizer Market - By End-Use:

• Packaging

• Automotive

• Building and Construction

• Consumer goods

• Others

The end-use packaging industry is predicted to grow to the highest CAGR in value terms during the foreseen period, due to escalated construction activity, escalated auto call,s and escalated trade. Population expansion and high disposable incomes are predicted to generate a high call for ready-to-eat and ready-to-eat packaged goods during the outlook period.

Polymer Stabilizer Market - By Region:

• North America Polymer Stabilizer Industry includes the U.S and Canada.
• Europe Polymer Stabilizer Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.
• Asia Pacific Polymer Stabilizer Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.
• Latin America Polymer Stabilizer Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.
• The Middle East & Africa Polymer Stabilizer Industry includes KSA, UAE, Israel, the rest of the GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

The Asia-Pacific region is predicted to be the fastest-growing industry in value terms during the calculated period due to rapid expansion in the automotive and construction industries in the countries like Japan, India, and South Korea. Rising infrastructure advancements are mainly responsible for the high call for the product. The increase in construction activity is predicted to result in an increase in the use of pipes, conduits, fittings, covers, and roofs during the same period, thus escalating the call for the polymer stabilizer employed in these products. China is the largest automaker in the Asia-Pacific region and is among the leaders in the worldwide automotive industry. Asia-Pacific is predicted to be the dominant industry for polymer stabilizers during the foreseen period, due to the rapid development of the packaging, automotive, and construction industries in the region. Infrastructure developments, escalated living standards, and escalated construction activities have escalated the use of pipes and fittings, and roofs, thus escalating the call for polymer stabilizers employed in these products. China, Japan, and South Korea, which are the leading automakers in this region, are the driving forces in the polymer stabilizer industry. North America and Europe are predicted to grow at a moderate pace during the anticipated period.

Recent Developments:

• BASF Plastic Additives' core competency lies in stabilizing light, heat, and processes, allowing polymer producers and processors to maximize the retention and extension of the properties of plastics.

• SONGWON Industrial Group, the world's second-largest manufacturer of polymer stabilizers, and Sabo S.p.A., the world leader in the development and manufacture of light stabilizers with hindered amines, today marked a new milestone in their long-term collaboration.   

Polymer Stabilizer Market Key Players:

1. Songwon Industrial Co., Ltd.
2. AkzoNobel
3. Adeka Corporation
4. Chitec Technology Co., Ltd
5. BASF SE
6. Grafe Advanced Polymers GmbH
7. Solvay SA
8. Albemarle Corporation
9. Mayzo Inc
10. Clariant International Ltd
11. Bayer AG,
12. The DOW Chemical Company,
13. Addivant
14. Baerlocher
15. Vanderbilt Chemical LLC
16. Valtris Specialty Chemical
17. Milliken & Company
18. Lambson Ltd
19. Ichemco SRL
20. Qingdao Jade New Material Technology