Global Polymer Stabilizer Market – Top Emerging Trends by Technavio

LONDON–(BUSINESS WIRE)–#Polymers–Technavio’s latest market research report on the global
polymer stabilizer market provides an analysis of the most
important trends expected to impact the market outlook from 2018-2022. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

According to Technavio analysts, the global
polymer stabilizer market will grow at a CAGR of over 5% during
the forecast period. The increasing demand for light stabilizers in
polymers and plastics is a major factor driving the market’s growth.

Light stabilizers are used to protect plastics and other materials
against degradation. When plastics and other materials are exposed to UV
radiation, it goes through degradation due to photo-oxidative process.
This results in deterioration of mechanical properties, changes in
appearance, and the formation of visible defects such as cracks. UV
absorbers and HALS are the different types of light stabilizers. UV
absorbers function by absorbing harmful UV radiation. Benzophenone and
benzotriazole based products are considered as UV absorbers.

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In this report, Technavio highlights the increasing demand for
lightweight plastic products in automotive applications as one of the
key emerging trends driving the global polymer stabilizer market:

Increasing demand for lightweight plastic
products in automotive applications

The lightweight property of plastics enables manufacturers to produce
better, fuel-efficient vehicles. For example, every 10% reduction in the
weight of the vehicle results in a high reduction in fuel use. The
stringent regulatory norms imposed on automotive manufacturers by
various government across the globe is the primary reason behind the
increasing use of plastics. Lightweight plastics polymers like
polypropylene are used in various components of a car such as automotive
bumpers, carpet fibers, gas cans, cable insulation, chemical tanks, and
carpet fibers.

“Polyurethane is used in automotive suspension bushings, foam
insulation panels, elastomeric wheels and tires, electrical potting
compounds, flexible foam seating, cushions, and hard plastic parts.
Sheathing of electrical cables, pipes, doors, and automobile instruments
panels are done using PVC. Therefore, the increasing use of plastic and
lightweight plastics polymers will significantly boost the growth in the
global polymer stabilizing market during the forecast period,” says
a senior analyst at Technavio for research on plastics,
polymers, and elastomers.

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Global polymer stabilizer market segmentation

This market research report segments the global
polymer stabilizer market into the following end-users
(packaging, automotive, building and construction, and consumer goods),
types (heat stabilizer, antioxidants, and light stabilizer), and key
regions (the Americas, APAC, and EMEA).

The packaging segment held the largest market share in 2017, accounting
for nearly 35% share. The market share for this end-user is expected to
increase by 2022. The fastest growing end-user is consumer goods, which
will account for 15% of the total market share by 2022.

APAC was the leading region for the global polymer stabilizer market in
2017, accounting for a market share of 40%. By 2022, APAC will continue
to dominate the market and is expected to witness a growth of nearly 2%.

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