POLYMER STABILIZERS MARKET ANALYSIS

Market Challenges And Opportunities

Global Polymer Stabilizers Market: Drivers

• Development of organic stabilizers: Development of organic stabilizers is expected to hold lucrative growth opportunities over the forecast period. This is attributed to the growing public health and environmental concerns as use of heavy metal stabilizers leads to various environmental concerns. Ongoing research &development on bio-based plastics is projected to bring bright market opportunities. For instance, in September 2020, Bicocca University of Crowdfunding has launched new research projects "100% Bioplastic” to develop a new material of natural and biodegradable origin.
• Increase in demand for lightweight automobile: Growing trend of lightweight automobiles is increasing production of automobiles. Use of plastics in automotive industry improves the fuel-efficiency of vehicle. Automotive components that are made using plastics are impellers, pump housings, carburetor floats, reservoirs, bumper, locks, door handles, steering wheel, cup holders, seatbelt, head rests, dashboard, lightings, bumpers, liquid reservoirs, etc.

Global Polymer Stabilizers Market: Restraints

• Strict regulations and ban on single use plastic: Ban on plastics bags across various countries is expected to hamper the market growth. For instance, in 2019, the European parliament has voted to ban single-use plastic cutlery, cotton buds, straws, and stirrers as part of a sweeping law against plastic waste that despoils beaches and pollutes oceans. EU member states are trying to introduce measures to reduce the use of plastic food containers and plastic lids for hot drinks. By 2025, plastic bottles should be made of 25% recycled content, and by 2029, 90% of them should be recycled in Europe. Unfavorable condition arising due to the negative impact of the Covid-19 on the global economy is again expected to restrict the market growth.  

 Global Polymer Stabilizers Market: Opportunity

• Growing public health & environment concerns : Development of organic stabilizers is expected to hold lucrative growth opportunities over the forecast period. This is attributed to the growing public health and environmental concerns as use of heavy metal stabilizers leads to various environmental concerns.
• Bio-based plastics to increase Polymer stabilizers market demand: Ongoing research &development on bio-based plastics is projected to bring bright market opportunities. For instance, in September 2020, Bicocca University of Crowdfunding has launched new research projects "100% Bioplastic” to develop a new material of natural and biodegradable origin.