Global Heat Stabilizers Market - 2023-2030

Market Overview

The global heat stabilizers market size was worth US$ XX million in 2022 and is estimated to reach US$ XX million by 2030, growing at a CAGR of XX% during the forecast period (2023-2030).

Heat stabilizers are commonly used in polyvinyl chloride (PVC) to protect it against high temperatures in the processes resin might use. The high heat it may encounter in autoclaving and storage. Heat stabilizers are mainly used to stop thermal oxidation or attack the decomposed products of oxidation, so it is necessary to maintain the temperature below ambient temperature.

Market Dynamics

Heat stabilizers are supposed to play a critical part as an added substance in the preparation of polyvinyl chloride and other thermoplastic polymers. The key factor in developing the global heat stabilizers market is the limitless utilization of PVC over traditional materials such as wood, glass and metals for different application businesses. Nonetheless, stringent regulations against the toxic effects of PVC restrict the market

Growing demand for organic thermal stabilizer in end users, such as food industries and pharmaceuticals, escalate the demand for the heat stabilizers

The increase in demand for organic thermal stabilizers without volatile organic compounds is the major factor for market growth. An increase in food delivery services, demand for plastics and demand for the wires & cables industry are expected to grow the heat stabilizers market. Further, heat stabilizers are normally employed in pharmaceutical medicine polyvinyl chloride not only to prevent oxidation but also to prevent high temperatures that resin experiences during manufacturing and processing. Polyvinyl chloride overcomes the excess heat during storage or autoclaving. The additional use of PVC for various end-use businesses is the fundamental driving element in developing the worldwide heat stabilizers market size during the estimated time frame.

Furthermore, the growing substitution of ordinary materials like metals, glass and wood across different and the development of new natural variations of warmth stabilizers also support the market.

Stringent regulations against the toxic effects of PVC restrict the market

Heat stabilizers are essential in manufacturing PVC molded and rolled products. PVC resins undergo irreversible chemical changes and physical changes by high temperatures in the absence of heat stabilizers. However, in the preparation of polyvinyl chloride, hazardous elements are used, such as lead, cadmium and dibutyltin. The implementation and regulations relating to using toxic materials such as lead and cadmium is the key factor restraining the heat stabilizers market. The above elements are harmful to humans and the environment.

COVID-19 Impact Analysis

The COVID-19 pandemic has affected each industry, such as agriculture, aerospace and defense, food and beverages, automobile and transportation, consumer goods, chemical and material, retail and e-commerce, pharm and healthcare, energy and power, packaging, construction, mining and gases, electronics and semiconductor, banking financial services and insurance and ICT.

The global heat stabilizers market was deeply impacted due to the COVID-19 pandemic. The manufacture of different consumer goods and other products around the globe has stopped due to the raw materials supply shortage of labor, among others. The respective fact is expected to hamper the heat stabilizers market. The COVID-19 lockdown affected on operation and heat stabilizer ecosystem. The situation on the supply side is increasing in the second phase and the demand side has a drawback in terms of the sakes of consumer applications such as wires and cables. Additionally, with the extended lockdown, many manufacturers are on hold or slowed down for six months; such changes negatively crash the deals.

Segment Analysis

The global heat stabilizers market is segmented into type, form, application and region.

The pipes and fittings segment covered a large market share of the heat stabilizers market due to its use in the construction industries

The heat stabilizers are special additives assimilated into plastics to protect against the polymer's heat, UV and mechanical degradation during processing and use. PVC has the most requirements for heat stabilizers. It is observed that heat stabilizers find major applications in the PVC industry. Heat stabilizers are commonly used to secure PVC products at all stages by improving resistance at high temperatures.

The global heat stabilizers market by application is further segmented into pipes and fitting, profiles and tubing, wires and cables, coating and floorings and others. The pipe and fittings application segment dominates the global heat stabilizers market due to the increasing demand for pipes and fittings in various industries such as construction, infrastructure and oil and gas. Industries require pipes and fittings that can withstand high temperatures and pressure and heat stabilizers are used to improve these products' thermal stability and strength. The growth of developing countries' construction and infrastructure industries is also driving the demand for heat stabilizers in the pipe and fittings application segment.

Geographical Analysis

Asia-Pacific is the largest share region in the heat stabilizer market due to the high demand in the constriction industries

Asia-Pacific holds the largest geographical market share for heat stabilizers. Due to its significant need for heat stabilizers, it holds the biggest market share. The demand for heat stabilizers, food and beverages and transportation is rising in China and India. The construction markets in China and India have an advantageous effect on the availability of goods. The rising population will affect the production capacity and provide the demand for pharmaceutical products.

Additionally, many international developing companies are based in the Asia-Pacific due to the low production cost and rapid industrialization and urbanization, so it is expected to influence the heat stabilizer market in the future. Therefore, many manufacturing companies are based in China and India, So it is expected to see growth in the future. The innovation in profile and tubing generation and transportation packaging in the heat stabilizer market is set to develop in the future.

Competitive Landscape

The global heat stabilizers market is competitive due to the availability of a wide range of heat stabilizer that caters to different end-use applications. The major players contributing to growth in the market are BASF SE, Galata Chemicals, Oyak Group, SONGWON, Adeka Corporation, Baerlocher GmbH, Vikas Ecotech Ltd, Valtris Specialty Chemicals, BRUNO BOCK Chemische Fabrik GmbH & Co. KG and Kisuma Chemicals. The major players in the market adopt several growth strategies such as formulating and patenting new molecules, researching new sources, collaborations and joint ventures to contribute to growth in the industry.

BASF SE

Overview: BASF SE is a multinational company specializing in developing and manufacturing thermal insulators and heat stabilizers. BASF SE develops innovative and safe thermal, acoustic and mechanical solutions that create sustainable value for the product. The company primarily develops formulations for thermal insulation, chemicals, materials, industrial solutions, surface technologies, nutrition and care and agricultural solutions. Most of the company's formulations are custom-made according to client requirements and are sold under strict confidentiality agreements. BASF SE was founded in 1865 and is headquartered in Ludwigshafen, Germany.

The BASF Group develops, produces and markets about 700 intermediates worldwide. The most important of the division's product groups include amines, diols, polyalcohols, acids and specialties. Intermediates, for example, are used as starting materials for coatings, plastics, pharmaceuticals, textile fibers, detergents and crop protestants.

Product Portfolio

• Tinuvin NOR: The product is the result of BASF's extensive competency in thermal stabilization combined extends the lifetime of agricultural films that are exposed to very high levels of UV radiation, crop and heat treatments such as elemental sulfur and the compounds approved in certified organic farming to prevent plants diseases and fertilize the soil.

Key Developments:

• On January 2021, BASF announced that prices for plastic additives such as antioxidants, processing aids, lubricants, UV stabilizers, pigments and PVC heat stabilizers would be raised by up to 10%, starting immediately. Like other providers of plastic additives, the company attributed the price hike to growing raw materials and shipping costs. BASF Plastic Additives is a business unit within BASF Performance Chemicals. In addition to gasoline and lubricant solutions, kaolin materials, oilfield and mining solutions, the portfolio serves customers in consumer products, chemicals, plastics, energy and resources and automotive and transportation.

Why Purchase the Report?

• Visualize the composition of the global heat stabilizers market segmentation by type, form, application and region, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the heat stabilizer market by analyzing trends and co-development deals.
• Excel data sheet with thousands of global heat stabilizers Market-level 4/5 segmentation data points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the critical product of all major market players

The global heat stabilizers market report would provide approximately 61 market data tables, 57 figures and 190 pages.

Target Audience 2023

• Power generation manufacturers
• Petrochemicals manufacture
• Pipes and fittings manufacture
• Food and Beverage manufacturers
• Pharmaceuticals companies manufacturers
• Education & Research Institutes
• Research Professionals