Shortstop Inhibitor Market Forecast and CAGR
According to the latest research by Fact MR., the shortstop inhibitor market is set to witness steady growth during 2021-2031 with a CAGR of 2.4%. Demand for the shortstop inhibitor will witness substantial recovery in the short term, with a promising growth outlook in the long run.
An upsurge in demand for chemical compounds to prevent monomer auto-polymerization, along with providing a safer transportation and storage will open up extensive growth opportunities in near future. Besides, sales of shortstop inhibitor solutions for acrylic monomer transportation and storage is poised to provide momentum.
What is Driving Demand for Shortstop Inhibitor?
The inhibitor market is driven by high volume demand, especially from the manufacturing industry. Uncontrolled polymerization reactions have become a major problem in the industry and shortstop inhibitors play an important role in preventing this process. Shortstop inhibitors are used in various end-use industries such as chemical intermediates, resins, petrochemicals among others.
Shortstop inhibitor is used in the manufacturing process of unsaturated polyester resins and epoxy resins to control polymerization reactions. Shortstop inhibitor is also used in the filtration process at low vapour pressure.
In the composite industry, shortstop inhibitors are used to control the polymerization process. In the chemical industry, it is used to suppress the monomer reaction of ethylene, vinyl acetate and other chemicals. Despite the numerous applications, environmental regulations are expected to hamper the market growth in the coming years.
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Increase in the Requirement of Effective and Economical Runaway Polymerization
Runaway polymerization is potentially dangerous because the reaction is becoming uncontrollable, heat produced by the reaction may lead to rupture or explosion of close storage and containers or any other serious hazards. This uncontrolled polymerization can be a serious threat to the property, environment and the people.
To control this hazardous reaction several chemical manufacturers keep on experimenting and developing shortstop inhibitor solutions. For instance, "Solvay" after a year of research and development, finally on 19th July 2021, launched a next-generation shortstop inhibitor solution named "Phenothiazine LVT 2330". The chemical is an alternative to N-Methyl-2-pyrrolidone (NMP) and is widely employed in the US. In Europe, it is adopted as a shortstop inhibitors solution and considered a substance of very high concern (SVHC) under REACH regulations.
North America Shortstop Inhibitor Market Outlook
North America is one of the prominent regions for the sales of shortstop inhibitors. Upsurge in the requirement for composites and petrochemical industry in the region is driving the demand for shortstop inhibitor. The US had witnessed one of the highest production of shortstop inhibitors in 2020 and the country also experienced one of the highest sales across the globe during the past half-decade.
Being one of the most developed regions, North America leading by the US, has always been known for taking challenges in any field in terms of innovation, research and development. Runway polymerization is the challenge faced across the world, where nations across the globe looking forward towards improving safety and minimizing the use of runway polymerization. The US is standing straight and tackling every possible challenge thereby developing and introducing new shortstop inhibitors in cooperation with leading chemical companies to meet the escalating demand from domestic industries.
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Asia Pacific Demand Outlook for Shortstop Inhibitor
A widespread chemical and petrochemical industry across the Asia Pacific has always remained the reason for shortstop inhibitor demand growth in the region. The region is anticipated to be the fastest-growing market for shortstop inhibitors in the next ten years. The region’s growth is influenced by the upsurge in demand from emerging economies such as China, Japan, India, Indonesia, Vietnam and Thailand.
Who are the Key Manufacturers and Suppliers of Shortstop Inhibitor?
Some of the leading manufacturers and suppliers of Shortstop Inhibitor include
- Kawaguchi Chemical
- FUJIFILM Wako Pure Chemical Corporation
- TCI Chemicals
Globally the shortstop inhibitor market is considered to be partially consolidated and the leading players account for over 52% of the overall market share. Majority of the leading manufacturers and suppliers have focused on investing into research and development to secure the best possible way to tackle runaway polymerization and also focusing on long term partnerships with leading chemical laboratories and research centres.
An Adaptive Approach to Modern-day Research Needs
Shortstop Inhibitor Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
- Preservative stabilizer
- UV ink
- UV paint
- Photosensitive resin
- Prevention of polymerization
- During distillation
- During production
- Suspension of polymerization
- Preservative stabilizer
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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