Antioxidant and Stabilizer Agents Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Antioxidant and stabilizer agents are the compounds generally used to prevent various natural effects, which may hamper the properties of polymers and lead to degradation. These effects are crosslinking reaction that lead to photo-oxidation, weathering effect due to exposure to UV and heat, oxidation and many more. The function of antioxidants and stabilizers generally depends on its solubility and capability to get dispersed and stabilized in the polymer matrix. On the commercial level, antioxidant and stabilizer agents are two different agents adopted by various industries, out of which stabilizer finds major adoption in construction products and for the formulation of coatings. Stabilizers are further divided into two types, i.e., light stabilizers and heat stabilizers. Heat stabilizers are generally used to formulate products made of polyvinyl chloride, such as pipes, windows and cable ducts. However, light stabilizers are used to protect polymers from the ill-effects of sunlight, they find application in plastics, composites, woods, floors & decks that are used in the construction industry.

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Antioxidant and Stabilizer Agents Market: Drivers and Restraints

The market of antioxidant and stabilizer is showing upsurge in the recent past and the same trend is expected to be followed in next 8–10 years due to numerous factors. Exceptional properties such as wear protection, low volatility, good compatibility with water and detergents and ease of application enable the antioxidants and stabilizers as the material of choice in numerous applications, such as chipping machines, formulation technologies in plastics, manufacturing of films, membranes, foams and many more plastic products. The increase in population globally is fueling the antioxidant and stabilizer demand for healthcare, food and industrial segment, which helps in driving the growth and market demand for packaged goods. The upsurge in the use of plastic-based products such as films in light and heavy packaging is projected to drive the demand for stabilizers in numerous end-use applications, primarily in the packaging segment. Furthermore, the increase in demand for UV& IR resistant and non-degradable coating materials from the end-use industries, such as industrial packaging, pharmaceuticals and foods & beverage, is increasing the consumption of light stabilizers, especially in the packaging application. Also, increase in disposable income and better living standards are also some noteworthy factors fueling the consumption of antioxidants and stabilizers in the construction sector. However, tedious manufacturing methods and high manufacturing cost somehow restrain the market in the near future.

Antioxidant and Stabilizer Agents Market: Regional Outlook

The global antioxidant and stabilizer agents market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). As of 2016, developed regions, such as North America, Western Europe and Japan, are showing moderate consumption of antioxidant and stabilizer agents due to increase in construction activities and infrastructure development in both residential and commercial sectors. Also, growing automotive fleet in the region provides substantial growth opportunities to the manufacturers. The APEJ region is probable to witness fastest growth and hold major market share in terms of consumption, principally driven by the high potential in construction as well as in automotive sectors. Also, surge in manufacturing units primarily in the region also increases the supply of antioxidants and stabilizers within the region. MEA and Latin America are also projected to expand with a significant CAGR over the forecast period.

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Examples of some of the market participants in the global antioxidant and stabilizer agents market identified across the value chain include:

• Basf SE
• Songwon Industrial Co., Ltd.
• Albemarle Corporation
• Clariant International Ltd.
• Bayer AG
• The Dow Chemical Company
• Akzo Nobel N.V.
• Evonik Industries Ag
• Solvay SA
• Adeka Corporation
• Addivant USA Llc
• Baerlocher USA
• Bruggemann Chemical
• Chitec Technology Co., Ltd.
• Grafe Advanced Polymers Gmbh

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Antioxidant and Stabilizer Agents Market: Segmentation