Heat Stabilizers Market annual growth rate is 4 percent
Heat Stabilizers Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, Heat Stabilizers Market was valued at USD 3.64 billion in 2017 and projected to reach USD 4.58 billion by 2025 growing at a CAGR of 4.0% during the forecast period 2018 to 2025.
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Heat Stabilizers Market Growth Drivers and Restraints:
Thermal stability and high compatibility with other additives in the polyvinyl chloride industry, which fuel market growth, are among the most important aspects of the demand and popularity of the heat stabilizers. In addition, the increase in plastics consumption and the adoption of PVC worldwide in various sectors is one of the main drivers of demand in this market. Industries such as construction, medicine and health, electronics, electricity, automotive consumer goods, commercial industries and others are responsible for the growth of the world heat stabilizers market.
Strict rules and regulations related to approval processes, as well as the changing nature of commodity prices, are the main barriers to market growth.
The growing demand for lightweight and strong materials in different industries such as the aerospace, automotive, packaging and construction industries are the factors responsible for improving opportunities in the global market for thermal stabilizers.
Different applications of these stabilizers are found in pipes and fittings, coatings and pavements, wires and cables, profiles and pipes, among others.
Geographical Analysis of Heat Stabilizers Market:
North America and Europe are expected to represent a significant share, followed by the Asia-Pacific region in the international market. The demand for heat stabilizer in Europe is high because of its intensive research and development, availability of raw materials, knowledge and adoption by consumers. In the near future, the thermal stabilizer market is expected to grow at the highest compound annual growth rate (CAGR) in the Asia-Pacific region. Growth is mainly due to significant investments in R&D, overall growth in the construction, medical and automotive sectors. Countries such as China and India play a major role in the growth of the heat stabilizer market over the forecast period.
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Key Market Players of Heat Stabilizers Market:
Clariant International Ltd., Cytec Industries Inc., Valtris Specialty Chemicals, Ferro Corporation, Baerlocher GmbH et Reagens S.p.A are some of the leading player of the market.
Heat Stabilizers Market Segmentation:
By Type:
- Inorganic Stabilizer
- Metal Organic Stabilizer
By End User:
- Coating
- Automobile Industry
- Pipe
By Region:
- North America
- Europe
- Asia pacific
- Latin America
- Middle-East & Africa
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