Global Plastic Stabilizer Market, By Type (Heat Stabilizer, Antioxidant, Light Stabilizer, Others), Material (Thermoplastic, Thermosetting, Elastomers), End User (Packaging, Building & Construction, Automotive, Consumer Goods, Electrical & Electronics, Agriculture, Others) – Industry Trends and Forecast to 2029.
Plastic Stabilizer Market Analysis and Size
The plastic stabilizer market is driven by the increasing significance of plastics and plastic products in several end-use industries. According to Plastics Europe, the global plastics manufacture reached 335 million tons, which 10.25% higher than the past year. The rising production of plastic is anticipated to fuel the demand of the plastic stabilizer because it alters the properties of the plastic or a polymer.
Data Bridge Market Research analyses that the plastic stabilizer market was valued at USD 5,576.49 million in 2021 and is expected to reach USD 8,176.45 million by 2029, registering a CAGR of 4.90% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Plastic Stabilizer Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Heat Stabilizer, Antioxidant, Light Stabilizer, Others), Material (Thermoplastic, Thermosetting, Elastomers), End User (Packaging, Building & Construction, Automotive, Consumer Goods, Electrical & Electronics, Agriculture, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BASF SE (Germany), Solvay (Belgium), DOW (U.S.), LANXESS (Germany), Evonik Industries AG (Germany), Adeka Corporation (Japan), Akzo Nobel N.V. (Netherland), Covestro AG (Germany), Beijing Tiangang Auxiliary Co., Ltd (China), Chitec Technology Co., Ltd. (Taiwan), Clariant (Switzerland), Double Bond Chemical Ind., Co., Ltd. (Taiwan), Everlight Chemical Industrial Co.(Taiwan), Mayzo, Inc. (U.S.), SABO S.p.A. (Italy), SUNSHOW (Yantai) Specialty Chemical Co., Ltd (China)
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Market Opportunities
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Market Definition
Plastic stabilizers is a type of chemical which is used for growing the plastic properties. Some of these properties are prevention of protection from high temperatures and harmful UV rays, oxidation, and chain scission at high temperature. These properties help in making the plastic more weatherable for the substrate which maintain the viscosity of the material which further helps in processing and fabrication. These properties of plastic stabilizer help to survive the product in extreme conditions such as light, heat, and humidity without any appearance changes during the service life of the product.
Plastic Stabilizer Market Dynamics
Drivers
- Rising demand of plastic stabilizer in packaging industry
Plastic stabilizer is widely used for the manufacturing of packaging products. Packaging is important as it is required to survive extreme conditions such as light, heat, and humidity without any appearance changes during the service life of the product. To attain this, the manufactures add some suitable stabilizers such as processing, antioxidants and heat stabilizers, processing aids, UV and light stabilizers and others. The growing demand of packaging product in several industries are expected to drive the growth rate of the plastic stabilizer market.
- High usage of plastic stabilizer in agricultural sector
Plastic stabilizers are also extensively used in agriculture sector. Agricultural films and plastics are designed in such a way which impart properties such as extreme temperatures protection against UV radiation and chemicals. These properties are mainly required for crop protection, thus these stabilizers are used irrigation systems, mulches in greenhouses and tunnels.
Furthermore, high efficiency and plentiful availability of plastics upon integration of the stabilizer is expected to improve the market growth rate. Moreover, the growing demand of plastic products for different applications will also enhance the plastic stabilizer market growth during the forecast period of 2022-2029.
Opportunities
- Growth and expansion of construction industry
The development in the construction industry is expected to boost the demand of the hindered amine light stabilizers (HALS) in upcoming years. Construction is an extensive sector that involves anything from forestry, mining and quarrying to infrastructure and building construction. As per the report of American Chemistry Council, Inc., the use of plastic materials saved approximately 467.2 trillion BTU of energy as compared to other construction materials.
Moreover, the surging construction industry and investments by market players further offer numerous growth opportunities within the market. For instance, U.S. construction industry witnessed for $2600.94 billion in 2020 and is anticipated to grow to $3486.93 billion by 2025. The normal spending is nearly $1,231 billion every year in the USA construction industry Therefore, the rising demand of plastic stabilizer from construction industry are anticipated to boost the market growth rate.
Restraints/ Challenges
- Environmental concern
The global plastic stabilizer market is increasing at a high pace but due to some factor restrains the growth of the market such as increasing regulation for the use of lead in several plastic stabilizers hampers the growth of the plastic stabilizer market in the global market.
Furthermore, the increasing restrictions on using plastic based products and several campaigns regarding the ban on use of plastic restrain the growth of the plastic stabilizer market during the forecast period.
This plastic stabilizer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the plastic stabilizer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Plastic Stabilizer Market
The COVID-19 pandemic has negatively impacted the plastic stabilizer market. Government imposed strict restrictions which affected the manufacturing units to either operate partially or were forced to shut down completely. This badly affected the demand for plastic stabilizers globally. However, the successive decline in COVID-19 cases and accessibility of vaccines has led manufacturing units to operate with full capacity, reinforcing demand for plastic stabilizers and growth in the overall plastic stabilizer market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Plastic Stabilizer Market Scope
The plastic stabilizer market is segmented on the basis of type, material and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Heat Stabilizer
- Antioxidant
- Light Stabilizer
- Others
Material
- Thermoplastic
- Thermosetting
- Elastomers
End User
- Packaging
- Building & Construction
- Automotive
- Consumer Goods
- Electrical & Electronics
- Agriculture
- Others
Plastic Stabilizer Market Regional Analysis/Insights
The plastic stabilizer market is analysed and market size insights and trends are provided by country, type, material and end user as referenced above.
The countries covered in the plastic stabilizer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the plastic stabilizer market in terms of revenue and market share. This is due to an increase in demand for plastic stabilizers in several manufacturing industries, mainly in developing countries such as India and China.
Europe is anticipated to be the fastest developing region during the forecast period of 2022-2029 due to the establishment of assembling facilities for aircrafts in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plastic Stabilizer Market Share Analysis
The plastic stabilizer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to plastic stabilizer market.
Some of the major players operating in the plastic stabilizer market are:
- BASF SE (Germany)
- Solvay (Belgium)
- DOW (U.S.)
- LANXESS (Germany)
- Evonik Industries AG (Germany)
- Adeka Corporation (Japan)
- Akzo Nobel N.V. (Netherlands)
- Covestro AG (Germany)
- Beijing Tiangang Auxiliary Co., Ltd (China)
- Chitec Technology Co., Ltd. (Taiwan)
- Clariant (Switzerland)
- Double Bond Chemical Ind., Co., Ltd. (Taiwan)
- Everlight Chemical Industrial Co. (Taiwan)
- Mayzo, Inc. (U.S.)
- SABO S.p.A. (Italy)
- SUNSHOW (Yantai) Specialty Chemical Co., Ltd (China)
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