The global polymer stabilizer market size was significantly robust in 2021 and is expected to register rapid revenue CAGR over the forecast period. Rapid urbanization and increasing demand for durable and flexible polymers in various industries are some factors expected to drive revenue growth of the global polymer stabilizer market over the forecast period.
Polymer stabilizer is a chemical additive, which is added during processing of polymeric materials, such as plastics and rubbers, among others for its protection. These stabilizers function as inhibitors and prevent degradation of polymers during manufacturing processes. Polymer stabilizers are used throughout the polymer life-cycle and provide protection from thermal and UV-damage, oxidation, ozone effect, photo-oxidation while maintaining functionality of polymers such as appearance, color, strength and malleability among others. Increasing demand for plastics such as engineering plastics, polypropylene, acrylonitrile butadiene styrene (ABS), among others are expected to boost adoption of polymer stabilizers in plastic production across the globe. Stabilizers fasten the production process of allow plastic items with fewer defects, thereby extending their usage span, and facilitating recyclability. In addition, different types of plastic are vulnerable to various types of degradation. This key factor is increasing the demand for stabilizers and combination of stabilizers and is expected to further contribute to revenue growth of the global polymer stabilizer market over the forecast period. However, early degradation, low durability and low recyclability of the polymer stabilizers are expected to restrain revenue growth of the market going ahead.
Top Companies Operating in the Global Polymer Stabilizer Market:
- BASF SE
- Songwon Industrial Co., Ltd.
- SK Capital Partners
- Clariant
- Evonik Industries AG.
- Albermarle Corporation
- DOW Chemical Company
- AkzoNobel Corporation
- Adeka Corporation
- Solvay
- Lambson Ltd.
- Bruggemann Chemical.
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Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
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The Polymer Stabilizer market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Polymer Stabilizer market.
The global Polymer Stabilizer market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Antioxidant
- Heat Stabilizer
- Light Stabilizer
End Use Outlook (Revenue, USD Billion; 2019-2030)
- Packaging
- Building and Construction
- Automotive
- Electronics
- Consumer goods
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