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Allied Market Research

Plastic Stabilizer Market: Global Opportunity Analysis and Industry Forecast 2020-2027

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Aug 2021 | 290 Views
   
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COVID-19

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Plastic Stabilizer Market Analysis 2020-2027

For many materials, physical properties and appearance of plastic are in some cases considerably changed through the influence of heat, light, and atmospheric oxygen. In this regard a distinction is made between processing stabilizers that primarily counteract polymer degradation in the melt phase. Plastic stabilizers is used to restrain aging of plastic polymers. Plastic tends to get degraded with direct contact in heat, light, microorganisms, and different conditions. Stabilizer keeps plastic from decay fragility and staining. Stabilizer is utilized either independently or in mix with different stabilizers. It presents more prominent weather ability to the substrate and keeps up thickness of the material which encourages its preparing and manufacture. Plastic stabilizers locate their significant applications in pipes, window profiles, toys, link channels, bundling films, and car segments.

Market scope and structure analysis:

Report Metric

Details

Market size available for years

  2020 –2027    

Base year considered

  2019                   

Forecast period

  2020–2027                            

Forecast units

  Millions (USD)

Segments covered

  Type, End-Use Industry, and Region

Regions covered

North America (US and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, and rest of LAMEA)       

Companies covered

BASF SE, Songwon Industrial Co., Ltd, Clariant AG , Akzo Nobel N.V , Evonik Industries AG , ADEKA Corporation , Solvay SA, INDOFIL Industries Limited, Bruggemann Group, and Baerlocher GmbH

 

COVID-19 scenario analysis:

  • The global market for plastic stabilizers is severely impacted by the outbreak of the COVID-19 pandemic. 
  • The COVID-19 pandemic led to a decline in the economic growth in almost all major countries, thus affecting consumer spending patterns. 
  • Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
  • Thus, insufficiency in raw material supply is expected to hamper the production rate of plastic stabilizers, which negatively impact the market growth.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The plastic stabilizer market is driven by rising importance of plastics in different businesses and worldwide crisis, for example, depletion of resources. Availability of resources and high effectiveness of plastics for different applications include packaging car and electrical & electronics devices. Demand for thermal or heat stabilizers expanding so as prone plastic polymers are not UV resistance and are thermal prone. Plastic stabilizers comprises of metal oxides and organometallics. Beside this, its feature of being reusable, they help in save energy and decrease greenhouse gas emissions boost the demand. Demand of plastic in automotive industry to replace conventional material, huge consumption of plastics in day-to-day life boosts the growth of the market. The factor which hampers the market is rising and fluctuating prices of plastic stabilizer market. 

New Product launch to boost the market

BASF SE launched Novel Tinuvin NOR Light and Heat Stabilizer for high end Agricultural Plastics and technology to help farmers produce in a sustainable way. The launch was came up with a concern increasingly developing population which presently faces numerous cultivating difficulties including how to adjust the requirement for greater yields, while at the same time environmental protection requirements of organic food production. Tinuvin NOR 356 expands the lifetime of agricultural films that are exposed to high UV radiation, warmth and harvest medicines, for example, element sulphur, compounds prevent plant diseases and fertilize the soil.

Surge in usage in packaging applications

Packaging industry is the dominant segment for plastic stabilizer market. As the online shopping industries are growing, need for packaging is also rising. Plastic stabilizer provides the thermal and UV protection to the plastics. Online based companies attract their customers with good packaging and it augment the demand for plastic stabilizer as it prevents the plastics from getting degrade and decay. 

Key segments covered:

Segments

Subsegments

  Type

  • Heat Stabilizer
  • Antioxidant
  • Light Stabilizer
  • Other

End-Use Industry

  • Construction and Building
  • Packaging
  • Consumer goods
  • Electrical & Electronics
  • Agricultural
  • Other

 

  Regions

  • North America
  • Europe
  • Asia Pacific
  • LAMEA

 

Key benefits of the report:

  • This study presents the analytical depiction of the global plastic stabilizer market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global plastic stabilizer market.
  • The current market is quantitatively analysed from 2020 to 2027 to highlight the global plastic stabilizer market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global plastic stabilizer market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the plastic stabilizer market research report:

  • Which are the leading market players active in the plastic stabilizer market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the plastic stabilizer market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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