Polymer Stabilizers Market Forecasts to 2028 - Global Analysis By Product Type, End User, and By Geography

According to Stratistics MRC, the Global Polymer Stabilizers Market is accounted for $8.3 billion in 2022 and is expected to reach $12.9 billion by 2028 growing at a CAGR of 7.6% during the forecast period. Polymer stabilisers are chemical substances used as additives in the manufacture of plastic. These substances are used to minimise polymer breakdown, such as heat degradation, UV radiation damage, and oxidation. Because polymers have a wide range of applications that include exposure to various environmental conditions that cause unwanted reactions, it is critical that they be chemically stable. Polymer stabilisers are used to inhibit such reactions, allowing polymer products to retain their qualities and be utilised for a longer time period.

According to US Census Bureau, the total residential housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,353,000, representing 5% growth over March 2019 rate of 1,288,000. According to the National Bureau of Statistics of China, during the first three months of 2020, the country's GDP declined by 6.8%, marking the first decline in about 44 years.

Market Dynamics:

Driver:

Rapid expansion of polymer use in numerous end-user industries

The increasing expansion in polymer usage in numerous end-user sectors such as packaging services, electronics, autos, and others has fuelled the development of the polymeric material stabiliser market. Polymers like polyvinyl chloride and polycarbonate play a crucial role in product quality and lifetime. As a result, the requirement for stabilisers to assist these polymers in maintaining their shape and stability rises. Polymer stabilisers increase the hues and look of polymers while also enhancing the polymeric compound's lifespan.

Restraint:

Strict regulations

The high cost of production and manufacturing of stabilisers are a crucial factor that may limit market revenue growth in the future. Stabilisers demand costly raw materials and huge investments from producers. Because stabilisers are highly volatile and unstable, certain government laws and quality requirements must be observed during manufacturing. Chemical danger during stabiliser manufacture, as well as the need for specialised labour, is some of the issues limiting market revenue growth.

Opportunity:

Plastics have a significant penetration as an effective alternative

Plastics and polymers are currently proving to be incredibly helpful alternatives for conventional resources such as glass, wood, and metal. This is owing to their superior qualities, straightforward use, durability, attractiveness, and cost performance, which has a highly beneficial impact on the growth rate of the polymer business. To obtain a competitive advantage, polymer stabiliser producers have increasingly focused on supplying tailored products. Polymer stabilisers are becoming more popular as a result of their enhanced performance. These factors, in turn, have contributed to the global expansion of the polymer stabilisers market.

Threat:

High cost of raw materials

Government regulations and plastic bags, as well as the limited recyclability of stabilisers, are likely to significantly limit market revenue development over the projection period. According to the Earth Policy Institute, about one trillion plastic bags are used globally each year. The issue is that these bags contain polyethylene and cannot biodegrade, which means that if they are not recycled or disposed of correctly, they create pollution that we regularly see by the road or floating in the river. This causes problems not only for people and environment, but also for animals and other wildlife which hamper the growth of the market.

COVID-19 Impact:

The pandemic of COVID-19 hindered economic growth in practically all major countries, altering consumer purchasing patterns and national and international travel have been hampered as a result of several countries' lockdowns, which have considerably damaged the supply chain of multiple industries worldwide, widening the supply-demand gap. As a result, a lack of raw materials is predicted to reduce the rate of manufacturing of polymer stabilisers, hence reducing market growth.

The heat stabilizer segment is expected to be the largest during the forecast period

The heat stabilizer segment is estimated to have a lucrative growth, due to their property to shield polymer compounds from the chemical damaging effects of heat and ultraviolet irradiation. Chemical additives encompass everything from entirely organic substances to metal-based soaps to complicated organ metallic complexes. Heat stabilisers, which can be liquids or powders, are applied early in the integrating cycle to provide stabilising effect during this process thereby enhancing the market growth.

The packaging segment is expected to have the highest CAGR during the forecast period

The packaging segment is anticipated to witness the highest CAGR growth during the forecast period, due to it is one of the fastest-growing end-user sectors, and this trend is likely to continue during the projection period. Bottles and food packaged items must withstand harsh circumstances such as heat, light, and humidity without deterioration in appearance or premature mechanical failure over the product's service life. To do this, appropriate stabilisers such as antioxidants, processing and heat stabilisers, UV and light stabilisers, processing aids, and so on are necessary. The rising retail market in the United States is boosting the packaging business, which is predicted to enhance plastics for packaging consumption during the projection period.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to rising demand from China and India. Total property investment in China has been constantly increasing. Real estate investment, which is mostly focused on the residential sector but also includes the construction of commercial and office space, is the primary engine of growth in China's construction sector. Furthermore, China outnumbers the rest of the globe in the number of high bridge constructions. China dominated the rest of the globe in terms of skyscraper construction, with the total number of skyscrapers constructed in China there has been a significant growth in the market.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to increased demand for plastics and polymers as a result of the fast development of the healthcare, automotive, electronics, and packaging industries. For example, tremendous improvements in the retail industries in the United Kingdom are increasing demand for plastics in the packaging industries. Furthermore, increasing government investments and increased research and development activities by leading businesses for producing polymers with improved durability, strength, and appearance are some additional factors likely to fuel market revenue growth over the forecast period.

Key players in the market:

Some of the key players profiled in the Polymer Stabilizers Market include: BASF SE, Adeka Corporation, Clariant, Chitec Technology Co. Ltd, PMC Group, SABO SpA, SK Capital Partners, Solvay, Songwon, Evonik Industries AG, Polyvel Inc., Pau Tai Industrial Corporation, Baerlocher GmbH, Addivant, Akzo Nobel N.V., Chemcon Speciality Chemicals Ltd, Sun Ace and Valtris Specialty Chemicals

Key Developments:

In April 2023, BASF and Schothorst Feed Research collaborate to improve the environmental impact of the feed and animal protein industry, with the collaboration, BASF and SFR will support feed and animal producers to understand and reduce their environmental impact and contribute to a more sustainable production of feed and animal protein.

In March 2023, BASF'S Europe distribution organization (BTC Europe) and Sudarshan Chemical Industries sign agreement on distribution of pigments in Europe both companies seek to leverage their expertise and industrial know-how to offer customers access to a wide portfolio of high-quality pigments for various industries.

In March 2023, Evonik expands production capacity for DL- methionine in Singapore the planned process optimization measures will improve the carbon footprint of MetAMINO® produced in Singapore by six percent.

Product Types Covered:

• Antioxidants
• Light Stabilizer
• Heat Stabilizer
• Other Product Types

End Users Covered:

• Automotive
• Packaging
• Building & Construction
• Consumer Goods
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances