The prospect of plastics is good for the development of polymer stabilizer market

Plastics are an effective alternative to wood, metal and glass in major industries such as automotive, construction and agriculture. This stimulates the production requirements of the polymers used to make the 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.

The increase in economic growth, the expansion of manufacturing, the growth of cheap labor, the increase in foreign investment, and the increase in the use of polymer stabilizers in the decorative and protective coatings industries have all become major factors driving market expansion. The growing demand from countries such as China, India, Thailand and Malaysia will also drive the expansion of the Asia Pacific market.

According to market research, in terms of value, it is expected that by 2022, the global polymer stabilizer market will reach 1.027 billion US dollars, and then reach 8% of its compound annual growth rate. Polymer stabilizers are increasingly used in coatings and carpet fabrics, which is a major factor in the growth of polymer stabilizers. The positive expansion of this market is due to the use of polymer stabilizers in green coatings. Due to their increasing use in nonwoven hygiene products, global polymer stabilizers are expected to be the fastest growing resin type in the polymer stabilizer market during the forecast period. It is also widely used in paper coatings, textile coatings and leather finishing. Ethylene is another major component and is expected to grow significantly during the forecast period.

Technological innovation and the demand for lightweight materials in the automotive industry have spurred the replacement of metals and plastics, driving the market. However, the market is also constrained by the impact of low-cost products on the quality of end-use products in emerging countries. According to market research in 2016, the color segment accounts for the largest share of the global parentbatch market. This huge share is mainly due to the increasing use of colours in the manufacture of different plastic products, such as packaging, construction, automotive, consumer goods, agriculture, textiles and others.

Due to the high demand in the plastics industry, heat stabilizers play an important role in the global polymer stabilizer market, especially for PVC products such as pipes. The market demand for heat stabilizers is mainly affected by the demand for terminal industries such as construction, consumer goods and automobiles. This increase is mainly due to environmentally friendly alternatives that reduce phenolic and volatile organic compound (VOC) content. This results in lead and cadmium heat stabilizers being replaced by mixed metal, tin and rare earth materials. During the forecast period, in terms of the market value of polymer stabilizers, polymer stabilizers will be widely used in packaging and will grow at the highest compound annual growth rate. This is due to the increasing demand for environmentally friendly, UV-resistant and heat-resistant coatings in the market to protect packaging materials and products stored in the packaging materials from degradation. The expansion of the polymer stabilizer market in the Asia Pacific region is due to the increasing population and increasing demand for additional residential construction. This growth pattern means that construction will increase, resulting in increased consumption of polymer stabilizers throughout the construction industry. In addition, with increasing disposable income and improved living standards, consumers are being guided to choose new cars to improve their comfort, resulting in increased car sales and constant consumption of heat stabilizers and light stabilizers. increase.

This article is provided by the plastic packaging raw material network - Jiuzhi Plastics Network, please indicate the source.