Report Code: A10473 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
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Polymer stabilizers are chemical compounds that are used as additives during the production of plastic. These compounds are used to reduce the degradation of polymers, including thermal degradation, damage from UV rays and oxidation. As the polymers have a wide range of applications that involve in  exposure to different environmental conditions causing undesirable reactions, it is important to make them chemically stable. Polymer stabilizers are used to prevent such reactions so that the polymer products retain their properties and can be used for a longer period of time.
COVID-19 scenario analysis:
However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.
Top impacting factors: market scenario analysis, trends , drivers, and impact analysis
The rapid increase in usage of polymers in different end user industries such as packaging, electronics, automobile and others has played a key role in driving the growth of the polymer stabilizer market. Different polymers such as Poly vinyl chloride and polycarbonate play a significant role in maintaining the quality and longevity of a product. As a result, the demand for stabilizers increases to help these polymers maintain their form and remain stable. Apart from enhancing the longevity of the polymeric compound, the polymer stabilizers also enhance the colors and appearance on the polymers. However the high manufacturing cost of these compounds and the capital intensive processes might act as a restraining factor for the market.
The Asia Pacific region holds a significant share of the global polymer stabilizer market duet the rapid developments in the packaging, automotive and electronics industries along with the infrastructural developments in the emerging economies like India and China. The market in Europe and North America region is also expected to witness lucrative growth due to the huge investment in automotive and healthcare industries in the developed nations.
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Polymer Stabilizer Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Mayzo Inc., Clariant International Ltd., Chitec Technology Co., Ltd., Grafe Advanced Polymers GmbH, AkzoNobel, Adeka Corporation, Songwon Industrial Co., Ltd., Solvay SA, BASF SE, Albemarle Corporation |
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