Press release
Stabilizers Market to Witness Steady Growth During the Forecast Period 2017 - 2027
Stabilizers market can be segregated into four segments on the basis of its application namely heat stabilizers, antioxidants, ultraviolet protection and others including antirads. Heat stabilizers typically include organo-metallic compounds and metal oxides among others. Stabilizers employed for U.V protection include materials with U.V absorption characteristics such as carbon black, a derivative of hydrocarbon sources such as coal oil, crude oil, acetylene gas, etc. Stabilizers used for antioxidant application include derivatives of amines and phenols among others.
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Calcium, zinc and lead are among dominant product segment for stabilizers. Calcium based stabilizers dominate the global demand for stabilizers and the trend is anticipated to continue during the forecast period. Cadmium based stabilizers dominated the global demand for stabilizers however owing to environmental concerns; cadmium was completely substituted with other materials such as lead. Moreover owing to environmental hazards associated with lead, demand for lead based stabilizers has been declining and there has been a surge in demand for bio based stabilizers.
Increasing demand for plastics in several end user segments including packaging, automotives and construction among others has been a major factor driving demand for stabilizers. Moreover, high growth in automotive industry mainly driven by increasing demand for light weight vehicles is anticipated to drive demand for plastics used in manufacturing of automotives. High scratch resistance and U.V absorption characteristics required in automotives plastics is expected to drive demand for stabilizers. Moreover, several environmental hazards associated with stabilizers such as lead is a major factor restraining demand for stabilizers. Increasing research and development activities to produce eco-friendly, bio based stabilizers is anticipated to offer huge growth opportunity in the market.
Asia Pacific dominates the global stabilizer market and the trend is expected to continue during the forecast period. Demand for plastics is profoundly dependent on overall economic growth of a region. Asia Pacific comprises two of the largest and fastest emerging economies across the globe, i.e., India and China. Moreover, huge population and increasing disposable income in Asia Pacific has led to growth in several end user industries including packaging, automotives and construction among others. Europe is the second largest consumer for stabilizers followed by North America. Demand for stabilizer in Europe and North America is expected to exhibit a sluggish growth rate during the forecast period primarily owing to market saturation in several end user industries. Increasing number of environmental regulations in Europe and North America is expected to drive demand for bio based stabilizers in the regions. Emerging economies in South America and Africa are anticipated to offer huge growth opportunity for stabilizer market.
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Major players in the stabilizer market include Eastman Chemical Products Inc., BASF Wyandotte Corp., Chemipro Kasei Kaisha LTD and American Cyanamid Co. among others
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