Plastic Stabilizer Market Report

Plastic Stabilizer Market Analysis, Market Size, End-Use Industry Analysis, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2018 To 2025

  • Published Date: ---
  • Base Year for Estimate: ---
  • Report ID: GVR5611
  • Format: Electronic (PDF)
  • Historical Data: ---
  • Number of Pages: 0

The global plastic stabilizer market is expected to witness a considerable growth rate in the forthcoming years. Plastic or polymer stabilizers are added to increase durability of plastics. Their addition helps to inhibit UV-damage, oxidation, thermal degradation, and chain scission, thus extending life of the final products. This factor is anticipated to drive the demand for the product in near future.

The market is driven by rising significance of plastics in various end-use industries and global crisis such as depletion of resources. Abundant availability and high efficiency of plastics upon incorporation of stabilizers have been facilitating demand from construction, packaging, automotive, and electrical and electronics industries. Along with being reusable, they help in save energy and decrease greenhouse gas emissions. According to Plastics Europe, in 2016, the global plastics production reached 335 million tons, which 10.25% higher than the previous year. Growing production worldwide is anticipated to fuel the market growth over the forecast period.

Rising price is one of the major hindrances for the global market caused by escalating raw material and energy costs. High investments by key players to expand their existing facilities and to construct new ones to cater to the growing product demand can also impact prices of plastic stabilizers. For example, in January 2017, BASF announced investment of USD 174 million in its plastic additives business over the coming five years. In December 2017, the company increased prices of antioxidants and light stabilizers by 15% globally.

On the basis of type, the market can be segmented into antioxidants, light, heat, and others. Heat stabilizers contribute significantly to the industry. They are majorly used in Polyvinyl Chloride (PVC), majorly used in the construction industry for manufacturing of pipes and plumbing, vinyl sliding, window profile, and flooring. The addition of heat stabilizers is essential in PVC for preventing its degradation. Hence, extremely hot water does not affect the PVC pipes.

On the basis of application, the plastic stabilizer market can be segmented into construction, automotive, packaging, agriculture, and others including electrical and electronics and consumer goods. Construction and automotive are some of the key application segments. According to the American Chemistry Council, Inc., the usage of plastic materials saved 467.2 trillion BTU of energy in comparison to other construction materials. In 2017, £5.8 billion of plastics and polymer composites were utilized for 16.88 million light vehicles, assembled in Canada, U.S., and Mexico.

Consumer goods industry is also witnessing rapid growth, and U.S. is among the major markets for the product. According to the International Trade Administration (ITA), the U.S. consumer goods market was valued at USD 446 billion in 2015. Increasing use of plastics is propelling the regional growth.

North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa can be the major regional segments. Asia Pacific held a significant market share in 2017 owing to increasing demand from China, on account of the growth of the textile and automotive industries. To cater to the local demand, key players are increasing their production capacity. For example, Clariant and Tiangang Auxiliary Co., Ltd. have planned to establish a new production site for the manufacturing process and light stabilizers in China. The production is expected to begin in 2019.

Major players operating in the plastic stabilizer market are BASF, SONGWON Industrial Co., Ltd, Clariant, Adeka Corporation, and others. Capacity expansion and new product launches are among the top strategies adopted by most players. For instance, in November 2018, SONGWON Industrial Co., Ltd - one of the largest antioxidant producers in the world-extended its antioxidant products range by adding new SONGNOX 5057 stabilizer. The new product finds applications in elastomers, flexible polyurethane slabstock foams, and hot melt adhesives.

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $6,950
Enterprise Access - $8,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified