The Global Market for Heat Stabilizers is Projected to Reach 1.7 Million Tons by 2024

Demand Recovery in PVC & PVDE Based Construction Materials Spurs Growth of the Global Heat Stabilizers Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share, and demand forecasts on the global Heat Stabilizers market. The global market for Heat Stabilizers is projected to reach 1.7 million tons by 2024, driven by their indispensability in tailoring polyvinyl chloride (PVC) & Polyvinylidene chloride (PVDC) materials for effective processing and for meeting specific end-user needs coupled with the current resurgence in demand for plastics based construction materials.

Heat stabilizers are polymer additives added to PVC to prevent thermal degradation during its production process and the life of the end product. The need for heat stabilizers emerges from high susceptibility of vinyl and plastic materials to high heat. The market for heath stabilizers, hence, invariably hinges on the demand for PVC products whose demand is in turn dictated by the dynamics of the building and construction industry. Cables, pipes and profiles represent the end-products that predominantly use heat stabilizers. With the construction industry poised to grow, emerging from turbulent times in recent years, the market for PVC products and thereby heat stabilizers is expected to grow in the following years. Increasing demand for plastic products from consumer products market is also a major factor driving market growth. Growth in the market is also expected to be driven by emergence of eco-friendly and effective heat stabilizers, particularly in the context of declining popularity of conventional lead and cadmium based stabilizers.

However, the type of stabilizer used in different countries is expected to witness major changes, owing to the growing environmental awareness of consumers and manufacturers, voluntary manufacturer decisions and regulations. Additionally, regulations demanding reduction in phenol and VOC content in heat stabilizers in several developed countries are driving manufacturers to develop alternate products. Lead-based stabilizers, which once dominated the market, are nearing their exit from the market. Europe has already witnessed voluntarily stoppage of its use while other countries are increasingly switching to alternatives. Mixed Metal Stabilizers currently dominate the market due largely to their high demand in emerging markets such as China. Demand for mixed metal stabilizers such as calcium-zinc stabilizer system used for profile and cable protection is gaining ground. Meanwhile, there is a growing shifty towards Organic Stabilizers worldwide, both in developed and developing markets.  Organotins stabilizers or tin stabilizers are also seeing considerable market growth as producers switch to lead-free stabilizers in various applications. However, regulatory concerns over certain types of organotins and presence of alternatives are expected to restrain market growth over the coming years.

As stated by the new market research report on Heat Stabilizers, Asia-Pacific represents the largest and the fastest growing market with a CAGR of 9.3% through the analysis period, given the region’s distinction of being the largest consumer and producer of PVC worldwide. Other major factors driving growth in the region include growing economies; rising income levels; growing investments in construction supported by rapid urbanization, industrialization and focus on civil infrastructure development; and shift towards organic stabilizers from lead-based systems.

Major players in the market include Addivant™ USA LLC, Akzo Nobel N.V., AM Stabilizers Corporation, Baerlocher GmbH, BASF Plastic Additives, PMC Group Inc., Solvay S.A., Songwon Industrial Co. Ltd. and Valtris Specialty Chemicals Inc. among others. 

The research report titled “Heat Stabilizers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Heat Stabilizers in volume terms for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Global and regional market analytics are further analyzed by the following product segments: Lead Stabilizers, Tin Stabilizers, Mixed Metal Stabilizers and Organic Stabilizers.

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