The global heat stabilizers market size was USD 5 Billion in 2022 and is expected to reach USD 7.43 Billion in 2032, and register a rapid revenue CAGR of 4.5% during the forecast period. Rising demand from end-use sectors including building & construction, packaging, and automotive and increasing use of pipes and fittings, which is primary application of heat stabilizers are major factors driving market revenue growth. Heat stabilizers are frequently employed in these sectors to strengthen thermal stability of materials and their longevity.

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Further key findings from the report suggest

• Among the application, the pipes & fittings accounted for the largest market share of ~28% in the year 2018. PVC pipes and fittings are currently manufactured using a wide range of stabilizers, especially Tin stabilizers. The product offers a synergistic effect with organotin stabilizers improving heat stability. It increases the softening point and thus reducing the formulation cost. The product can also enhance the long-term heat stability and allows the most demanding technical requirements for injection molding of PVC and CPVC fittings to be achieved.
• The profiles & tubing segment is forecasted to grow with the highest CAGR of 4.2% during the forecast period. Flexible piping is often considered as tubing. Tubing can be used in industrial, food, medical and a variety of other industries. Profile extrusions are typically used for doors, windows, siding and generally are made of PVC.
• The powders formulation accounted for the largest market share of ~42% in the year 2018. Heat stabilizers help the materials to better resist the damage that can stem from exposure to high temperatures. These powders are preferred as raw materials for construction material, it is used in medical devices, and kid’s toys, as protective housing for delicate cables and wires, and even in credit cards.
• The liquids formulation is forecasted to grow with a CAGR of 4.4% during the forecast period. PVC polymers are most common, which benefits from the addition of heat stabilizers. Polymers are the most susceptible to heat damage.
• The Asia Pacific region held the largest market share of ~27% in the year 2018 and is anticipated to witness the highest CAGR of 7.1% during the forecast period. The growing demand from countries like China, India, and Indonesia drives the market to lead to increased demand from the global building and construction industry. The Asia Pacific region is a dominant market owing to the high and still growing population which regularly buys consumer goods and invests in construction and automobile.
• Key participants include Asúa Products, S.A., ADEKA CORPORATION, BASF SE, Baerlocher GmbH, Clariant International AG, BRUNO BOCK Chemische Fabrik GmbH & Co. KG, Ika Innovative Kunststoffaufbereitung GmbH & Co. Kg, Galata Chemicals, Oyak Group, Kisuma Chemicals, SONGWON, PMC Group, Inc., Vikas Ecotech Ltd., Reagens S.P.A., and Valtris Specialty Chemicals, among others.

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