Capacity Expansions is the Key Growth Strategy Adopted by Leading Players in the Global Heat Stabilizers Market
The global heat stabilizers market is estimated at USD 3.77 Billion in 2017 and is projected to reach USD 4.57 Billion by 2022, at a CAGR of 4.0% from 2017 to 2022. Increasing demand for organic heat stabilizers with low VOC is the major factor driving the growth of the heat stabilizers market. The growth of the market is also triggered by the rising demand for PVC materials over the conventional materials in various applications. Capacity expansions is the key growth strategy adopted by the leading market players between 2015 and 2017. Major players have also adopted the contracts and agreements to strengthen their positions in the global heat stabilizers market.
(Japan), Clariant International Ltd. (Switzerland), Songwon Industrial Company Ltd. (South Korea), and PMC Organometallix, Inc. (US).
Baerlocher GmbH (Germany) is a key player in the global heat stabilizers market. The company offers a comprehensive range of heat stabilizers for various end-use applications, such as building, paints & coatings, rubber, paper, stationary, and modelling clay. In January 2017, Baerlocher announced to add an additional reactor for the production of zinc, sodium, calcium, and other metal soaps at its Highland Ridge Drive facility (US). This investment will increase the production facility by 50 percent and further enable the company to meet the increasing demand for stabilizers from the PVC industry.
Songwon Industrial Co., Ltd. (South Korea) is another leading manufacturer in the heat stabilizers market. The company adopted contracts and agreements as its key growth strategies to expand its business globally. It has been focusing on developing heat stabilizers through innovations in products. The company offers heat stabilizer products based on metal soaps, organotin, and liquid mixed metals. In February 2017, Songwon signed an agreement with Azelis (Morocco) for the distribution of its tin intermediates, polymer stabilizers, and PVC stabilizers and polymers. The agreement will benefit Songwon to build a strong network in Algeria, Tunisia, and Morocco.
Related Reports:
Heat Stabilizers Market by Type (Metal Soaps (Calcium-Based, Liquid Mixed Metals), Organotin), Application (Pipes & Fittings, Profiles & Tubing, Wires & Cables, Coatings & Floorings), and Region - Global Forecast to 2022
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