Polymer stabilizers are used as an additive to manufacture plastic products. They are used directly or in combinations in order to prevent oxidation, chain scission, uncontrolled recombination, and crosslinking reactions. Plastics such as poly vinyl chloride and poly carbonate tend to degrade when exposed to heat, cold and light. Radiations from these sources initiate chemical reactions in plastics that result in the breakdown and loss of chemical and physical properties of plastics. The specially-designed polymer stabilizers protect the polymer during processing and ensure that plastic-based end products retain their physical properties while in use, thereby enhancing their longevity. Polymer stabilizers help in the long-term aging of the product after it has been produced.

Replacement of conventional materials with plastics in various end-use industries is expected to be a key driver of the polymer stabilizer market during the forecast period. Plastics are effective alternatives to wood, metal, and glass in major industries such as automotive and construction. This has fueled the demand for the usage of stabilizers in polymers in the manufacturing of plastic products. However, high manufacturing cost of the stabilizers is a key restraint of the polymer stabilizer market. The polymer stabilizer market is capital intensive and the cost of labor and raw materials is high. The materials used to manufacture polymer stabilizers are highly volatile and need to meet the quality standards and government regulations. Furthermore, the chemical risk involved during production and recycle of plastics hinders the usage of plastic which, in turn, impedes the growth of polymer stabilizers.

Based on type, the polymer stabilizer market can be classified into heat stabilizer, light stabilizer, and anti-oxidant stabilizer. Among these, heat stabilizer is projected to be the dominant segment in the market during the forecast period, due to the high demand from the plastics industry in order to protect end-use products from extreme heat. Increase in demand for non-degradable, and UV & IR-resistant coating materials from the food & beverage, pharmaceutical, and industrial packaging sectors are driving the market of light stabilizers.

On the basis of end-use, the polymer stabilizer market can be divided into packaging, automotive, construction, and consumer goods. The packaging industry is anticipated to be the dominant and fastest growing market for polymer stabilizer during the forecast period. Growth in population across the world is propelling the ready-to-eat packaged food products market, healthcare, and industrial products, thereby leading to an increase in the demand for packaged goods. Moreover, in the automotive industry, both the internal and external sides of the vehicle, seats, dashboards, roof linings, and fuel systems are exposed to extreme light and temperature. So need of high-performance plastics is necessary as they are exposed to extreme conditions of light and temperatures.

By geography, the polymer stabilizer market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia-Pacific is expected to be the dominant market for polymer stabilizer during the forecast period, due to the rapidly developing packaging, automotive, and construction industries in the region. Infrastructural developments, rise in standard of living, and increase in construction activities have augmented the usage of pipes and fittings, decking, and roofing, thereby boosting the demand for the polymer stabilizer used in these products. China, Japan, and South Korea being the dominant automotive manufacturers in this region drive the polymer stabilizer market. North America and Europe is anticipated to grow at a moderate rate during the forecast period.

Key players operating in the global polymer stabilizer market include, Songwon Industrial Co., Ltd., AkzoNobel, Adeka Corporation, BASF SE and Solvay SA.

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
  • Europe
  • 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.

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Polymer Stabilizer Market

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