UV Stabilizers Market

UV Stabilizers Market was valued at USD 1,189.3 million in 2022 and is forecast to touch USD 1,881.2 million in 2030, and the market is expected to grow at a CAGR of 5.9% from 2023-2030.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the growth of the global UV Stabilizers market include increasing adoption of these stabilizers by the automotive sector to enhance automotive components. For instance, Solvay manufacturers UV stabilizers are used in automotive, like bumpers, door panels, and door trims, as it is more durable and lasts longer, thus meeting all the demand for the automotive sector. Furthermore, advancements in UV stabilizers for building and construction applications is further surging the market growth. For instance, Solvay launched new solutions for building and construction; this new solution will provide UV8+ protection, thus attracting more consumers and fulfilling the demand gap. Rise in awareness among people for UV repellent or UV resistant products has contributed significantly for the growth of the market. Nanotechnology is one of the emerging technological advancements in the coating industry. Thus, with this emerging trend, the demand for zinc oxide based nano UV light stabilizers has increased. This trend is expected to create a list of opportunities for the market players and even for the new entrants. High rate of adoption in industrial as well as commercial applications for UV stabilizers. Another factor driving the market is an increase in the prevalence of greenhouse film as it is 30% more efficient and easier to install.

Restraint in the UV Stabilizers Market

However, the additives’ high reactivity present, specifically in antioxidants results in various problems and degradation. In addition to this, the high VOC emissions is one of the major cause of concern & acting and acts as restraint factors that is hampering the market growth during the long run.

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Type – Segment Analysis

Based on the Type, UV stabilizers market is segmented into UV absorbers, quenchers, and hindered amine light stabilizers. Among all, the hindered amine light stabilizer is expected to dominate the market during the forecast period. The release of toxic gases and global warming has led to dynamic changes in the temperature. With the increase in temperature across the globe and growing awareness of UV radiation effects and degradation, the demand for the hindered amine light stabilizer has significantly expanded.

Application – Segment Analysis

Based on the Application, the UV stabilizers market is segmented into packaging, automotive, agricultural films, building & construction, adhesives & sealants & others. Among these, the packaging segment is witnessed to grow at a higher CAGR over the forecast period. Change in consumer lifestyle and rise in disposable income have uplifted the market and demand for UV stabilizers. Additionally, improved use of UV stabilizers in food and beverage, pharmaceutical, high performance thermoplastics primarily responsible for the growth of application segment. Due to rise in prevalence of high-performance plastics and the rise in use of UV-resistant packaging bags across the globe, the demand of packaging application has boosted.

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Regional – Segment Analysis

Based on the region, Asia Pacific is expected to dominate in the global UV Stabilizers market. In 2019, China was the leading producer of cars and other cars’ accessories, thus leading to more demand of the product. As China is a leading key country with a strong labor force, the construction sector is rapidly growing and the need for UV stabilizers has increased proportionally. Rapid growth of the China’s packaging industry and the continuous research and development activities for packaging products is propelling the growth of the market. Moreover, China’s construction and development industry still holds a major command over the globe. Thus, these key driving factors are responsible for the growth of the market.

Top Market Players

Various notable players operating in the market include KNV Chemicals Inc., Ampacet Corporation, Phoenix Plastics, Chitec Technology Co., Ltd., Everlight Chemical Industrial Co., Valtris Specialty Chemicals, ADEKA CORPORATION, Lycus Ltd. LLC., Addivant, and ALTANA, among others.

Key Developments:

• • In 2019, Valtris Speciality chemicals, officially announced that they have expanded the production capacity of benzyl derivatives. This expanded production helped them to manufacture more UV stabilizers.

Segments Covered in the Report:

The global UV Stabilizers market has been segmented based on type, application, and regions. Based on Type, the market is segmented into UV absorber, quenchers, and hindered amine light stabilizers. Based on Application, the market is segmented into packaging, automotive, agricultural films, building & construction, adhesives & sealants and others. 

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Key questions answered in this research report:

• • At what pace is global UV stabilizers market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in UV stabilizers market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global UV stabilizers market?
  • Which type generated maximum revenues in 2021 and identify the most promising type during the forecast period?
  • What are the various application areas of global UV stabilizers market and how they are poised to grow?\
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2022)	USD 1,189.3 million
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	KNV Chemicals Inc., Ampacet Corporation, Phoenix Plastics, Chitec Technology Co., Ltd., Everlight Chemical Industrial Co., Valtris Specialty Chemicals, ADEKA CORPORATION, Lycus Ltd. LLC., Addivant, ALTANA, a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global UV Stabilizers Market by Type

• • UV Absorber
  • Quenchers
  • Hindered Amine Light Stabilizers
  • Others

Global UV Stabilizers Market by Application

• • Packaging
  • Automotive
  • Agricultural Films
  • Building and Construction
  • Adhesives & Sealants
  • Others

Global UV Stabilizers Market by Region

• • North America UV Stabilizers Market (Option 1: As a part of the free 25% customization)

    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe UV Stabilizers Market (Option 2: As a part of the free 25% customization)

    • By Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific UV Stabilizers Market (Option 3: As a part of the free 25% customization)

    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW UV Stabilizers Market (Option 4: As a part of the free 25% customization)

    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the UV Stabilizers (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • KNV Chemicals Inc.
  • Ampacet Corporation
  • Phoenix Plastics
  • Chitec Technology Co., Ltd.
  • Everlight Chemical Industrial Co.
  • Valtris Specialty Chemicals
  • ADEKA CORPORATION
  • Lycus Ltd.
  • Addivant
  • ALTANA