According to market statistics, in 2017, the global polymer stabilizer market is expected to reach $688 million, and by 2022, the compo-und annual growth rate will increase by 4 percentage points to reach $835 million. The replacement of traditional materials with plastics is expected to boost the polymer stabilizer market during the forecast period. Plastics are an effective alternative to wood, metal and glass within major industries such as automotive, construction and agriculture. This has spurred demand for the volume of polymers used to make stabilizers, which are made from plastic products.

The market for polymer stabilizers in Asia Pacific is expected to grow at the highest rate in terms of value and volume.

Due to the increasing economic growth rate, expansion of manufacturing industry, growth of cheap labor force, increasing investment from abroad and increasing use of polymer stabilizers within the decorative and protective coating industries have become the major factors driving the market expansion. While the growing demand for them in countries such as China, India, Thailand, and Malaysia will also drive the market expansion in the Asia-Pacific region.

According to market research, in terms of value, the global polymer stabilizer market is expected to reach USD 1.027 billion by 2022, which in turn will reach its CAGR of 8%. The increasing application of polymer stabilizers in coatings and carpet fabrics is the major factor for the growth of the polymer stabilizers market. The positive expansion of this market can be attributed to the application of polymer stabilizers in green coatings.

Due to their increasing application in nonwoven hygiene products, global polymer stabilizers are expected to be the fastest growing resin type in the polymer stabilizers market during the forecast period. It is also widely used in paper coatings, textile coatings and leather finishes. Ethylene is another major segment and is expected to grow significantly during the forecast period.

Technological innovation and the demand for lightweight materials in the automotive industry have stimulated the replacement process of metals and plastics, thus driving the market growth. 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 a 2016 market study, the color segment accounts for the largest share of the global masterbatch market. This huge share is mainly due to the increasing use of colors in the manufacture of different plastic products, such as packaging, building construction, automotive, consumer goods, agriculture, textiles, and others

Due to the high demand of the plastics industry, thermal stabilizers occupy an important position in the global polymer stabilizers market, especially PVC products such as pipes. The market demand for heat stabilizers is mainly influenced by the demand of end industries such as building construction, consumer goods and automotive. This growth is mainly due to the impact of environmentally friendly alternatives that reduce phenolic and volatile organic compound (VOC) content. This has led to the replacement of heat stabilizers for lead and cadmium with mixed metals, tin and rare earth materials. During the forecast period, polymer stabilizers will be widely used in packaging and will grow at the highest CAGR in terms of the market value of polymer stabilizers. This is due to the rising market demand for environmental protection, UV protection and heat resistant coatings segments in order to protect packaging materials and products stored in such packaging materials from degradation. The continuous expansion of the polymer stabilizers market in the Asia Pacific region is due to the rising population and increasing demand for additional residential construction. This growth pattern means that there will be an increase in building construction, resulting in an increase in the consumption of polymer stabilizers across the construction industry. In addition, increasing disposable income and improving living standards are leading consumers to choose to purchase new cars, thus improving the comfort of their lives, which in turn leads to an increase in vehicle sales, as well as an increasing consumption of heat and light stabilizers.

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