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According to the market statistics, in 2017, is expected to reach $688 million polymer stabilizers markets around the world, and by 2022, the compound annual growth rate (compo - und annual growth rate) will increase by 4% to reach $835 million. In the forecast period, replacing traditional materials with plastics will promote the development of polymer stabilizer market. Plastics are an effective substitute for wood, metal and glass in major industries such as automobiles, construction and agriculture. This stimulated the demand for the production of polymers used to make stabilizers, which are made from plastic products.
In terms of its value and volume, the polymer stabilizer market in the asia-pacific region is expected to grow at the highest rate.
Due to the improvement of economic growth, the expansion of manufacturing, the growth of the cheap labor, the increase of foreign investment and in the decoration and the increase of the polymer stabilizer used in protective coating industry, all these became the main factors driving market expansion. Growing demand from countries such as China, India, Thailand and Malaysia will also boost market expansion in the asia-pacific region.
According to market research, in terms of value, the global polymer stabilizer market is expected to reach us $1.027 billion by 2022, which will lead to a compound annual growth rate of 8%. The application of polymer stabilizer in coatings and carpet fabrics is increasing, which is the main factor in the growth of polymer stabilizer market. The active expansion of this market is due to the application of polymer stabilizers in green coatings.
Because of its increasing use in nonwoven health products, the global polymer stabilizer is expected to be the fastest growing resin type in the polymer stabilizer market during the forecast period. It is also widely used in paper coating, textile coating and leather finishing. Ethylene is another major part, which is expected to grow significantly during the forecast period.
The technological innovation and the automotive industry's demand for lightweight materials stimulated the replacement of metals and plastics, thus driving the development of the market. However, the market has also been constrained by the quality impact of low-cost products on end-use products in emerging countries. According to the 2016 market research, the color segment occupies the largest share of the global master market. This is mainly due to the large share in the use of color to make different plastic products is increasing, such as packaging, construction, automotive, consumer products, agriculture, textile and other aspects
Due to the high demand of plastics industry, thermal stabilizer plays an important role in the global polymer stabilizer market, especially for PVC products such as pipes. The demand for thermal stabilizers is mainly influenced by the demand of the terminal industries such as construction, consumer goods and automobiles. This increase is mainly due to the impact of environmental substitutes, which can reduce the content of phenols and volatile organic compounds (VOC). This led to the substitution of the heat stabilizers of lead and cadmium with metal, tin and rare earth materials. During the forecast period, polymer stabilizer will be widely used in packaging for the market value of polymer stabilizer and will grow at the highest annual compound growth rate. This is due to the growing demand for environmental protection, uv protection and heat resistant coatings, to protect the packaging materials and the products stored in the packaging materials from degradation. The expansion of the polymer stabilizer market in the asia-pacific region is due to the growing population and increasing demand for additional residential construction. This growth model means that construction will increase, leading to increased consumption of polymer stabilizers throughout the construction industry. Moreover, with the increasing disposable income and improvement of living standards, is to guide consumers choose to buy a new car, so as to improve the comfort of their lives, leading to growth in car sales, as well as to the growing consumption of heat stabilizers and light stabilizer.
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