Heat Stabilizer Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024
Sarasota, FL -- (SBWIRE) -- 10/30/2018 -- Global Heat Stabilizer Market: Overview
Heat stabilizers are used as an additive in the processing and making of the PVC polymer. Heat stabilizers preserve the polymer's appearance, elasticity, strength, and durability and help to prevent degradation. Since thermal degradation is one of the major challenges in the processing of PVC polymer, heat stabilizer plays an important role in providing structural stability to the PVC polymer. Thus the market is largely dependent on the PVC polymer market. The growing demand for strong and lightweight materials in different industries like aerospace, automotive, packaging and construction are the factors responsible for the growth of global heat stabilizers market.
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Global Heat Stabilizer Market: Growth Factors
Some of the most important key aspects driving the demand and popularity of the heat stabilizer are thermal stability and high compatibility as compare to other additives in the polyvinyl chloride industry, thus fuelling the growth of the market. Furthermore, increasing consumption of plastics and adoption of PVC worldwide in various sectors are one of the biggest demand drivers for the heat stabilizer market. Industries like construction, medical and healthcare, electronics, electrical, automotive consumer products, commercial industries and other industries are responsible for the growth of heat stabilizer market. Strict rules and regulations related to the approval processes along with changing nature of the prices of raw materials are major hindrances for the market growth.
Global Heat Stabilizer Market: Segmentation
The global heat stabilizer market is segmented on the basis of application, type, and region. On the basis of application, the global heat stabilizer market is segmented into Pipes and Fittings, Coatings and Floorings, Wires and Cables, Profiles and tubing and others. Pipes and Fittings contribute to the largest application segment in the market as most of the heat stabilizers are used in automotive and construction industries, in commercial buildings as an alternative to traditional materials. On the basis of type, the market is segmented into metal soaps, Organotin and others. Under Metal Soaps, the heat stabilizers market is further classified into Calcium-based, Liquid Mixed Metals, and others. Amongst these, the Calcium-based metal soaps attribute the largest share due to high demand for environmentally friendly, low-cost heat stabilizers.
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Global Heat Stabilizer Market: Regional Analysis
North America and Europe are expected to contribute a significant market share, followed by Asia Pacific Region. Demand for the Heat stabilizer in Europe is high due to their intensive research and development, availability of raw materials, awareness, and adoption of heat stabilizers by consumers. In the near future, the heat stabilizer market is expected to grow at the highest CAGR in Asia Pacific region. The growth is mainly because of the significant R&D Investments, overall industry growth in construction, medical and automotive. Countries like China and India contribute the highest share in the growth of heat stabilizers market over the forecast period.
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Global Heat Stabilizer Market: Competitive Players
Some of the most important market players in the heat stabilizers market include Clariant International Ltd., Cytec Industries Inc., Valtris Specialty Chemicals, Ferro Corporation, Baerlocher GmbH, and Reagens S.p.A., among others.