Polymer Stabilizer Market Scope
The global Polymer Stabilizer market is expected to witness high demand in the forecasted period due to huge demand from the packaging industry. Polymer stabilizers are used as an additive to manufacture plastic products. They are used directly or in combinations in order 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. Substitution of conventional materials by plastic in different industries, rising demand from automotive and construction, capability to stabilize in various polymer matrices & their delivery in these matrices, increasing demand for heat stabilizers from the plastic industry, and wide usage in end-use industries are some of the factors that will likely to enhance the growth of the market.
According to AMA, the Global Polymer Stabilizer market is expected to see growth rate of 5.6%
The global polymer stabilizers market is a fragmented market, where the top five players account for about more than 30 percent of the market share. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Polymer Stabilizer market throughout the predicted period.
BASF SE (Germany), Songwon Industrial Co., Ltd. (South Korea), Albemarle Corporation (United States), Clariant International Ltd. (Switzerland), Ford Motor Company (United States), General Motors Company (United States), Vinci SA (France) and Bechtel Corporation (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Polymer Stabilizer market by Type (Antioxidant, Heat Stabilizer, Light Stabilizer and Others), by Application (Packaging, Automotive, Building & Construction, Consumer Goods and Others) and Region with country level break-up.
On the basis of geography, the market of Polymer Stabilizer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020.
On 3rd March 2020, BASF’s light stabilizers from the Chimassorb® range have been used by M/s Megaplast India Pvt Ltd (Megaplast), a leading polyethylene product manufacturer in India, to produce nonwoven geotextile used in the construction of national highways.
Market Trend
- Rising Demand for Light Stabilizers in the Asia-Pacific Region
- Growing Usage of Hindered Amine Light Stabilizer (HALS) in the Packaging Industry
Market Drivers
- High Demand due to Replacement of Conventional Materials By Plastic in Various Industries
- Increasing Use of Energy Efficient Plastics in the Construction Sector
Opportunities
- Untapped Opportunities in Emerging Markets for Packaging
- The surge in Food and Beverages Industry in the Developing Nations
Restraints
- The Concern related to High Manufacturing Cost of Light Stabilizers
Challenges
- Ban on Plastic Bags in Various Countries across the World
Key Target Audience
Polymer Stabilizer Manufacturers, Polymer Stabilizer Suppliers and Distributors, Raw Material Suppliers, Service Providers, Government Bodies and Others