Polymer Stabilizer Market to Witness High Growth in near future: Leading players are AkzoNobel, Songwon Industrial Co., Ltd., BASF SE Adeka Corporation, and Solvay SA.

Global Polymer Stabilizer Market Overview:

Polymeric stabilizers are used as additives to make plastic products. They are used directly or in combination to avoid oxidation reactions, chain cleavage, uncontrolled recombination and crosslinking. Plastics such as polyvinyl chloride and polycarbonate tend to degrade when exposed to heat, cold and light. The radiation from these sources triggers chemical reactions in plastics that cause the decomposition and loss of the chemical and physical properties of plastics. Specially engineered polymeric stabilizers protect the polymer during processing and ensure that plastic-based finished products retain their physical properties during use, thereby improving their longevity. Polymeric stabilizers contribute to the long-term aging of the product after its production.

Global Polymer Stabilizer Market Size:

According to Research Cosmos, The Global Polymer Stabilizer Market is estimated at USD 6.88 Billion in 2017, and is projected to reach USD 8.35 Billion by 2022, at a CAGR of 4.0% during the forecast period.

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Drivers and Restraints:

The replacement of conventional materials with plastics in several industries is expected to be a key factor in the market for polymeric stabilizers over the forecast period. Plastics are effective alternatives to wood, metal and glass in major industries such as automotive and construction. This has led to the demand for the use of polymers stabilizers in the manufacture of plastic products. However, the high manufacturing cost of stabilizers is a major market restriction for polymeric stabilizers. The market for polymer stabilizers requires a large capital investment and the cost of labor and raw materials is high. The materials used to make polymeric stabilizers are highly volatile and must meet quality standards and government regulations. In addition, the chemical risk associated with the production and recycling of plastics precludes the use of plastic, which prevents the growth of polymeric stabilizers. Population growth around the world is driving the market for packaged consumer food products, health products and industrial products, leading to increased demand for packaged products. In addition, in the automotive industry, the internal and external sides of the vehicle, seats, dashboards, roof linings and fuel systems are exposed to light and extreme temperatures, increasing the need for high performance plastics.

 

Geographical Insights:

Geographically, the polymer stabilizer market can be segmented into Latin America, North America, Europe, Asia-Pacific, the Middle East and Africa. Asia-Pacific is expected to be the dominant market for polymeric stabilizer during the forecast period due to the rapid development of the packaging, automotive and construction industries in the region. Infrastructure development, rising living standards and increased construction activity have increased the use of pipes and fittings, and roofs, increasing the demand for polymer stabilizer used in these products. China, Japan and South Korea, the main car manufacturers in this region, are at the origin of the market for polymer stabilizers. North America and Europe are expected to experience moderate growth over the forecast period.

Key Players:

AkzoNobel, Songwon Industrial Co., Ltd., BASF SE Adeka Corporation, and Solvay SA are the major players of the market.

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

About Us:

Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.

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