Global UV Stabilizers Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast
- PUBLISHED ON
- 5/23/2023
- NO OF PAGES
- 284
- CATEGORY
- Electronics & Communication
The global UV Stabilizers market size was valued at USD 1,300 million in 2022 and is projected to reach USD 1,800 million by 2033, growing at a CAGR of 6.1% during the forecast period.
Report Attributes | Description |
Market Forecast in 2022 | USD 1,300 million |
Market Forecast in 2033 | USD 1,800 million |
CAGR % 2023-2033 | 6.1% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | BASF SE; Songwon Industrial Co., Ltd.; Solvay SA Clariant AG; Sabo S.p.A.; Adeka Corporation; Everlight Chemical Industrial Corporation; Mayzo, Inc.; Lycus Ltd.; Chitec Technology Co., Ltd. |
Global UV Stabilizers Market- Description
UV stabilizers are chemical additives used in various industries to protect materials from the harmful effects of ultraviolet (UV) radiation. They function by absorbing or scattering UV light, thereby preventing degradation and extending the lifespan of products exposed to sunlight or other sources of UV radiation. UV stabilizers find extensive applications in sectors such as plastics, coatings, adhesives, textiles, and agriculture.
Global UV Stabilizers market: Key Trends:
• Increasing Demand for UV Protection in Plastics
With the growing use of plastics in various industries, there is a rising demand for UV stabilizers to enhance the durability and longevity of plastic products. UV stabilizers help prevent color fading, brittleness, and degradation caused by prolonged exposure to sunlight, making them vital additives in industries such as automotive, construction, packaging, and consumer goods.
• Growing Awareness of UV-Related Damage
There is an increasing awareness among consumers and industries about the damaging effects of UV radiation on materials. This awareness has led to a higher demand for UV stabilizers as a proactive measure to protect products and surfaces from UV-induced degradation. The need to maintain the aesthetic appeal, performance, and functionality of materials has driven the adoption of UV stabilizers across different sectors
Global UV Stabilizers market: Geographical landscape
North America: The region has a significant market share owing to the presence of a well-established plastics and coatings industry. Stringent regulations on UV protection and increasing investments in research and development contribute to market growth.
Europe: European countries have stringent environmental regulations and a high demand for UV protection in various industries. This drives the adoption of UV stabilizers, especially in automotive, construction, and packaging sectors.
Asia Pacific: The region is witnessing rapid industrialization, infrastructure development, and growth in the plastics and coatings industries. Increasing disposable income, urbanization, and a growing middle-class population contribute to the demand for UV stabilizers in the region.
Latin America: The region demonstrates potential growth due to increasing consumer awareness of UV protection and the expanding automotive and construction sectors.
Middle East & Africa: The market in this region is driven by the construction industry, increasing investments in infrastructure, and a growing focus on sustainability.
Global UV Stabilizers Market- Recent Developments
• In 2022, Solvay, a prominent player in the specialty materials market, recently unveiled a groundbreaking range of UV-C stabilizers. These stabilizers have been specifically developed to cater to demanding hygiene applications, wherein polyolefin surfaces are subjected to ultraviolet (UV) light in the UV-C spectrum (200-280 nm) to combat COVID and hospital-acquired infections. This innovative stabilization technology marks a significant advancement for the polyolefin industry as it is the first solution to tackle the potential degradation, discoloration, and formation of micro-cracks in polyolefin materials due to repeated exposure to UV-C irradiation. Solvay's proprietary UV-C stabilizers bring a vital contribution to the field, providing enhanced protection and performance for polyolefin surfaces in critical healthcare environments.
Global UV Stabilizers market: Segmental Analysis:
Type:
• Hindered Amine Light Stabilizers (HALS)
• UV Absorbers
• Quenchers
• Hindered Phenolic Stabilizers
• Others
End-Use Industry:
• Packaging
• Building & Construction
• Automotive
• Consumer Goods
• Agriculture
• Textiles
• Furniture
• Others
Global UV Stabilizers Market: Key Companies
• IBM Corporation
• Google LLC
• Microsoft Corporation
• Amazon Web Services, Inc.
• Oracle Corporation
• Intel Corporation
• SAS Institute Inc.
• SAP SE
• Facebook, Inc.
• Baidu, Inc.
Global UV Stabilizers Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
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The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2018-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification.
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