Heat Stabilizers Market to Attain a Striking CAGR in the Coming Years

Pune, India, August 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Heat Stabilizers Market.

Market Overview

The global heat stabilizers market was analyzed by Market Research Future (MRFR) and it was projected that a notable CAGR will be attained by the market over the forecast period of 2018 to 2023. The valuation of the heat stabilizers market was further stated to surpass its previous valuation with the revenue pool getting wider.

The increasing application of PVC for different end-use industries is one of the essential driving factors behind the growth of the global heat stabilizers market during the forecast period. Add to this, the replacement of conventional materials like glass, metals, and wood across various industries is also expected to drive the product market during the forecast period. The introduction of various new organic variants of heat stabilizers is further anticipated to boost the market demand over the forecast period.

Market Segmentation

The global heat stabilizers market has been segmented in terms of type, end-user, form, and application.

By form, the market segments into powders, prills, liquids, pastes, and others.

By application, the market includes coatings & floorings, pipes & fittings, profiles & tubing, wires & cables, and others. The pipes & fittings segment held the largest market share back in 2017 due to its massive scale application in the building & constructions industry. Profiles & tubing and wires & coatings segments, collectively, held the second largest share of the heat stabilizers market in 2017. This is due to its prevalent consumption in the automotive, building & construction, and healthcare industries and are primed to show increasing demand over the forecast period.

By end-user, the market comprises healthcare, packaging, building & construction, automotive, footwear, and others. The building & construction industry segment is anticipated to lead the market for heat stabilizers with the largest market share because of the large-scale application of PVC.

By type, the market divides into metallic soaps, heavy metal, organic, and others. The heavy metals segment is narrowed down into lead, tin, cadmium, and others. While the metallic soaps are divided into mixed metal stabilizers and calcium-based stabilizers. The organic segment is branched down into organometallic (organotin) and non-metallic organic stabilizers.

Regional Analysis

The global heat stabilizers market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).

The Asia Pacific region is anticipated to be both the largest as well as the fastest growing heat stabilizers market over the forecast period. The increasing demand for PVC from booming end-user industries like building & construction, packaging, automobile, and healthcare are majorly contributing to the growth of the regional market.

Europe is reported by MRFR to be the second largest market for heat stabilizers. Massive scale consumption of PVC from a number of end-use industries like automotive and building & renovation industry are slated to contribute positively to the market growth in this region.

North America is projected to register a steady demand for heat stabilizers in the coming years. Prevalent application of PVC in construction & renovation, footwear, healthcare, and other industries is likely to boost the market growth in this region.

The Middle East & Africa market is expected to witness accelerating demand primarily due to the growing building & construction activities. Whereas, the Latin America market for heat stabilizers is expected to garner decent growth during the forecast period owing to the poor economic stability herein.

Competitive Landscape

The global heat stabilizers market comprises a host of key players. This includes names like Galata Chemicals (U.S.), Clariant International AG (Switzerland), Oyak Group (Turkey), SONGWON (South Korea), BASF SE (Germany), PMC Group, Inc. (U.S.), Adeka Corporation (Japan), Asúa Products, S.A. (Spain), Baerlocher GmbH (Germany), Reagens S.P.A. (Italy), Vikas Ecotech Ltd. (India), Ika Innovative Kunststoffaufbereitung GmbH & Co. Kg (Germany), Valtris Specialty Chemicals (U.S.), Kisuma Chemicals (Netherlands), and BRUNO BOCK Chemische Fabrik GmbH & Co. KG (Germany).

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