Global Plastic Stabilizer Market: Overview
Plastic Stabilizers are compounds used to inhibit the aging of plastic polymers. Plastic tends to degrade due to direct or indirect exposure to processing heat, sunlight, microorganisms, and other conditions. Stabilizer prevents plastic from deterioration and discoloring. It helps prevent plastic from becoming brittle. Stabilizer is used either individually or in combination with other stabilizers.
The global plastic stabilizer market can be segmented based on stabilizer type, plastic type, end-use industry, and region. In terms of stabilizer type, the plastic stabilizer market can be divided into thermal stabilizer, antioxidants, light absorber, fire retardants, and microbial stabilizers. The fire retardants segment can be further bifurcated into additive type and reactive type. In terms of plastic material, the plastic stabilizer market can be classified into thermoplastic, thermosetting, and elastomers. Based on end-use industry, the plastic stabilizer market can be segregated into automotive, building & construction, packaging, electrical & electronics, consumer goods, and others. In terms of region, the plastic stabilizer market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Rise in demand for plastic products in different applications is expected to boost the plastic stabilizer market during the forecast period. Demand for thermal or heat stabilizers is increasing in order to inhibit deterioration of heat prone plastic polymers. Plastic stabilizers include metal oxides and organometallics. Thermal Plastic Stabilizer Market are primarily required for PVC thermoplastics. Demand for antioxidants is rising for all types of plastics as they are susceptible to the oxygen and ozone attack in the environment. Secondary aromatic amines, hydroxyquinolines, phenols, and aryl phosphites are employed as antioxidant stabilizers. Ultraviolet absorbers or light stabilizers absorb ultraviolet light by preventing photo oxidative destruction of plastic. Demand for light stabilizers is rising in the automotive and building & construction industries where plastic parts are exposed to sunlight. Demand for fire retardant stabilizers is higher for polyester, urethane, and PVC plastics. These stabilizers are employed in automotive and electrical & electronics industries. Microbial stabilizers are employed to prevent plastic from fungi and bacteria attack. Demand for stabilizers is expected to increase in the consumer goods industry. The heat stabilizer segment is expected to hold prominent share of the plastic stabilizer market in the near future. The heat stabilizer segment is estimated to expand owing to the rise in applications in plastics utilized in pipes & tanks. Increase in demand for plastics in automotive and packaging industries is projected to boost the plastic stabilizer market in the next few years. However, implementation of stringent regulations on environmentally hazardous compounds such as lead is likely to hamper the plastic stabilizer market during the forecast period.
Asia Pacific is anticipated to dominate the plastic stabilizer market during the forecast period. The market in the region is projected to expand at a rapid pace. The plastic stabilizer market in Asia Pacific is influenced by large manufacturing capacities in China, India, and Japan. North America is projected to constitute major share of the plastic stabilizer market, followed by Europe, during the forecast period. Germany is expected to dominate the plastic stabilizer market in Europe due to the presence of large automotive industry in the country. Demand for Plastic Stabilizer Market in Latin America & Middle East & Africa is anticipated to increase at a moderate pace in the next few years.
Key players operating in the plastic stabilizer market include Clariant, BASF SE, Solvay S.A., Akzo Nobel N.V., Baerlocher GmbH, and LANXESS Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.