Plastic Stabilizer Market - Insight
Plastic Stabilizer is basically a plastic additive, added during the plastic manufacturing to offer heat stability and enhance some of the plastic properties such as UV protection, resistance to intense heat, preventing oxidation & chain scission. Using Stabilizer ensures increased durability of Plastics making it an all-weather substrate. Simultaneously, Plastic Stabilizers support plastic to maintain its Viscosity facilitating processing and fabrication of plastic.
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Major end user industries of these Stabilizers are manufacturing of Plastic decking, pipes, toys, window profiles, packaging, cable ducts, films, and automotive components etc. The already burgeoning Plastic industry will continue to grow endlessly due to the inclusions of plastic products in our day to day life. And Stabilizer being a pivotal aspect of this industry is bound to grow in accordance with the same. This explains the future landscape for the Plastic Stabilizer market and the galore accruals the market is about to perceive.
Gauging the potential of the market to grow further expanding the market size, Market Research Future (MRFR) has recently published a study report. MRFR in its study report asserts that the global Plastic Stabilizers market will accrue USD 8,577.1 million till 2023, registering ~ 4.49% of a CAGR during 2017-2023. Augmented demand from the burgeoning packaging industry predominantly drives the market growth.
Other factors supporting the market growth include growing population, urbanization and industrialization across the globe. Growing consumer electronics market also provides impetus to the market growth to an extent. Increasing investments transpired in to the R&D activities to bring novelties in to stabilizers in terms of bettering the product and in associated technology is fostering the market growth.
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Plastic Stabilizer Market - Competitive Analysis
The global Market of Plastic Stabilizer appears to be highly competitive and fragmented. Many large and small key players operating in the market are churning the competition to gain competitive advantage. To sustain their market position these players incorporate acquisition, collaboration, partnership, expansion, and technology launch.
Industry/Innovation/ Related News:
October 15, 2017 – Solvay (Belgium) a global producer of Plastic Stabilizers & chemicals launched its newly innovated technology for stabilization - Cyasorb Cyxtra V9900 stabilizer specially designed for Automotive Engineered Polyolefins that allows TPOs and reinforced plastics to increase fuel efficiency at low CO2 emissions. The technology meeting the revised government regulations (mandates) is expected to perceive a huge demand from the automotive industry
Worldwide Plastic Stabilizer Market - Segments
Global Plastic Stabilizer Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
By Types : Comprises - Heat Stabilizer, Antioxidant, Light Stabilizer, and other.
By Application Materials : Thermoplastic, Thermosetting, & Elastomers.
By End-Use Industries : Automotive & Transportation, Electrical & Electronics, Packaging, Consumer Goods, and other.
By Regions : North America, Europe, APAC and Rest of the World.
Segment Heat stabilizer leads the market among other types.
Packaging industry by the end use industries will account for the largest market share during the review period. The segment will accrue USD 3,202.3 million by 2023.
Thermoplastic Materials by application material accounted for the major share, I.e. 77.70% in 2016.
China is the largest producer and consumer of plastic stabilizer.
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Worldwide Plastic Stabilizer Market - Regional Analysis
Asia Pacific dominated the global market accounting for the largest market for Plastic Stabilizers in 2016. This growth attributes to the augmented product demand in consumer manufacturing goods in the region. APAC market is expected to perceive a huge growth registering the highest CAGR of 5.11% continuing the dominance throughout the forecast period.
In 2016, North America & Europe accounted for the 2nd & 3rd largest markets respectively in the global Plastic Stabilizers market. US owned the largest market share among the North American countries in 2016. This trend of dominance will be continued in the forecast period too.
Europe holds a significant share in the Global Plastic Stabilizer Market. The region accounted for 23% of market share in 2016. Germany among the European countries, holds the supremacy in the regional market owing to the augmented demand from the matured automotive industry.
Latin America & the MEA Region (Middle East & Africa), are the 3rd & 4th largest market respectively for the Plastic Stabilizers. These continents are likely to perceive a moderate growth during the anticipated period.
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