Polymer Stabilizers Market Size, Share, Opportunities, And Trends By Type (Light Stabilizer, Heat Stabilizer, Antioxidants, Others), By End-User Industry (Automotive, Consumer Goods, Packaging, Building And Construction, Others), And By Geography - Forecasts From 2023 To 2028

The global polymer stabilizers market was valued at US$2,915.977 million in 2021.

Polymer stabilizers are additives that are added to polymer materials to slow down their degradation and prevent environmental effects on the polymer. The three major polymer stabilizers are light stabilizers, heat stabilizers, and antioxidants. The major drivers for the growth of this market include increased demand for end-user products in several industries, such as construction, building, packaging, and automotive. However, the high manufacturing cost is expected to restrain the market growth.

The surge in demand for polymer stabilizers and the growing effectiveness of polymers are key factors positively impacting the market growth.

Polymer materials and plastic have emerged as effective substitutes for traditional raw materials like metal, glass, etc., due to their strength, longevity, ease of usage, and lower costs. This has led to a surge in demand for polymers, thereby simultaneously increasing the demand for polymer stabilizers to ensure that polymer materials do not degrade due to environmental factors. There is an ever-increasing demand in the market for polymers from various industries such as automotive, transportation, and construction influenced by various socioeconomic factors such as changes in lifestyle choices, increase in disposable incomes, and continuous urbanization of areas. This has had a proportionate effect on the polymer stabilizer market demand as manufacturers need stabilizers to ensure that their polymer materials do not lose key characteristics and maintain their stability. Due to such efforts, key players in this market have seen increased income over the past few years. For instance, according to their yearly reports, Adeka Corporation had an increase in revenue of over 8.6% from 2021 to 2022 in its chemical products business segment. It produced segment revenues of roughly ¥162,348 million in 2022.

High manufacturing costs and bans on plastic are expected to restrain the industry's expansion.

A significant challenge faced by the polymer stabilizer industry relates to the high costs of manufacturing stabilizers which negatively impacts the market revenue. Additionally, bans on plastic use in several countries can hamper the industry's growth as there is a correlation between the demand for the two products since polymer stabilizers ensure that plastic and polymer materials do not degrade. There is also a chemical risk involved in the manufacturing process of plastics which negatively impacts the use of plastics and, therefore, hampers the growth of polymer stabilizers.

Market Developments:

• In April 2022, ADEKA Corporation introduced a new range of polymer additives named ADK CYCLOAID to promote sustainable manufacturing. They are produced from biomass materials that are better for the environment and can reduce plastic waste. Under this brand, two product series, namely the ADK CYCLOAID UPR series, which is aimed at enabling the recycled resin to meet the same standards as virgin resins, and the ADK CYCLOAID PNB series, which is a polymeric plasticizer for PVCs that are environment-friendly, have been launched.
• In March 2022, BASF planned an increase in the production capacity of its hindered amine light stabilizers in Italy and Germany. This is part of an overall plan by the company to fulfill the demand for light stabilizers used in durable plastics and to enhance the supply chain security globally. Additionally, BASF expanded its proprietary NOR technology to help in sustainable farm production.

The Asia-Pacific region is expected to hold a significant market share.

Asia Pacific is expected to constitute a significant market share, and similar trends will be followed in the forecast period. This market share is owed to the growth in the industrial and automotive sectors in the region's major economies, such as China, Japan, and India. In India, the focus on self-reliance has led to increased industrial growth nationwide, driving the demand for polymer stabilizers proportionately. Another factor contributing to this growth is this region's rising population, which has augmented the demand for packaged goods. It is expected that North American and European markets will experience moderate growth, too, due to the increased adoption of sustainable products.

Polymer Stabilizers Market Scope:

 

Report Metric	Details
Market Size Value in 2021	US$2,915.977 million
Growth Rate	CAGR during the forecast period
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Million
Segments Covered	Type, End-User Industry, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	ADEKA CORPORATION, Songwon, Baerlocher, BASF, Clariant, SK Capital Partners, Solvay S.A, Vanderbilt Holding Company, Inc., Sumitomo Chemical Co., Ltd., Polyvel Inc.
Customization Scope	Free report customization with purchase

 

Market Segmentation:

• BY TYPE
  • Light Stabilizers
  • Heat Stabilizers
  • Antioxidants
  • Others
• BY END-USER INDUSTRY
  • Automotive
  • Consumer Goods
  • Packaging 
  • Construction
  • Others
• BY GEOGRAPHY
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East And Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. POLYMER STABILIZERS MARKET BY TYPE

5.1. Introduction

5.2. Light Stabilizers

5.3. Heat Stabilizers

5.4. Antioxidants

5.5. Others

6. POLYMER STABILIZERS MARKET BY END-USER INDUSTRY

6.1. Introduction

6.2. Automotive 

6.3. Consumer Goods 

6.4. Packaging  

6.5. Construction 

6.6. Others

7. POLYMER STABILIZERS MARKET BY GEOGRAPHY

7.1. Introduction 

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. France

7.4.3. United Kingdom

7.4.4. Spain

7.4.5. Others

7.5. Middle East And Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Israel

7.5.4. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. India

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Taiwan

7.6.8. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. ADEKA CORPORATION 

9.2. Songwon

9.3. Baerlocher

9.4. BASF 

9.5. Clariant 

9.6. SK Capital Partners

9.7. Solvay S.A

9.8. Vanderbilt Holding Company, Inc.

9.9. Sumitomo Chemical Co., Ltd.

9.10. Polyvel Inc.

ADEKA CORPORATION

Songwon

Baerlocher

BASF

Clariant

SK Capital Partners

Solvay S.A

Vanderbilt Holding Company, Inc.

Sumitomo Chemical Co., Ltd.

Polyvel Inc.