Future Market Insights has announced the addition of the “Heat Stabilisers Market: Global Industry Analysis and Opportunity Assessment 2016-2026 " report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 08/16/2017 -- Heat stabilisers play a key role as an additive in the processing of PVC polymer, and the global market of heat stabilisers is largely dependent on the status of PVC market. While heat stabilisers play a key role in prevention of the decomposition chain reaction in PVC processing, there are several other reasons they are predominantly used in the PVC industry. Stabilisers are one of the decisive factors influencing the physical properties and quality of PVC, as well as their formulation costs. Moreover, they impart enhanced resistance against heat ageing, weathering, daylight effects, and other environmental conditions.
Although these advantages and a wide range of commercial applications of heat stabilisers support their demand in the market, FMI's research indicates moderate growth of the global heat stabilisers market over the forecast period 2016-2026. The report focuses on assessment of various drivers and restraints impacting the market outlook, regional analysis, extensive segmentation, and major players participating in the market growth.
Heat Stabilisers Market: Drivers
Intrinsic Properties of Heat Stabilisers
Compared to other stabilisers, which are used as additives in the PVC industry, heat stabilisers have a strong hold in the market owing to their advantages, high compatibility and lasting heat stability to mention the top two. Due to this competitive edge, the demand for heat stabilisers is higher.
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Widespread Applications of PVC
Burgeoning demand for PVC for vital applications in construction, electronics, electrical, fashion, medical and healthcare, automotive, furniture, packaging, and commercial and consumer products industries, is a key driver bolstering the demand for heat stabilisers as additives.
Growing Consumption of Plastic
With increasing population and urbanisation worldwide, the need for plastic products is also elevating. The growth of plastic industry is estimated to drive demand for heat stabilisers in the near future.
Stern regulatory processes associated with the approval of heat stabilisers are estimated to pose a challenge to the market growth in the near future, especially in case of lead-based stabilisers. The approval processes differ with each country, restricting the international market from thriving. Other limiting factors include volatile prices of raw materials and poor SCM capabilities.
Global Heat Stabilisers Market: Segmentation
FMI's research on the global heat stabilisers market provides a 10-year forecast, segmenting the market, based on the type of stabiliser.
Mixed metals stabiliser
Others (calcium stabiliser, barium stabiliser)
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The choice of heat stabilisers for specific applications depends on multiple factors such as the PVC product's technical requirements, formulation costs, and regulatory approval processes. This influences the demand for a particular stabiliser in the market. Out of the most prevalent stabilisers available globally, the lead heat stabilisers segment currently has the largest market share but is expected to witness decline in the near future owing to various health, regulatory, and environmental monitoring processes. However, the organic stabilisers segment is estimated to exhibit rapid uplift during the forecast period.
Regional Outlook: Global Heat Stabilisers Market
On the basis of geography, the market of heat stabilisers is segmented into North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific, and Middle East and Africa. While Europe and Asia Pacific collectively account for more than 80% of the profit share in the global market revenues for lead heat stabilisers, the tin heat stabilisers segment is led by North America. China is foreseen as the strongest and most lucrative market for heat stabilisers, over the forecast period. Asia Pacific is particularly anticipated to have high untapped potential of market growth.
Key Players in the Market
Some of the important players competing in the market include Akcros Chemicals Ltd., Albemarle Corporation, Arkema Group, Cytec Industries Inc., Baerlocher GmbH, Ferro Corporation, and BASF SE.
Most of the leading industry brands are expected to shift their manufacturing base for heat stabilisers, as lead-based stabilisers are consistently facing critisisation in terms of environmental impact. Mergers and acquisitions among major brands in the industry will aid them in enhancing their products portfolio and retain strong presence in the global market.