The UV stabilizers market is projected to reach 1.6 billion by 2026, at a CAGR of 5.6% from USD 1.3 billion in 2021. The global UV stabilizers market is driven by the rising demand for advanced, scratch-resistant, UV-resistant, non-deteriorating, and long-term stable chemical compounds in the emerging markets of plastics, polymers, and wood components. UV stabilizers are available in different types, such as HALS, UV absorbers, and quenchers. HALS is the most common type of UV stabilizer. The increasing demand for UV stabilizers in APAC, growing demand for wood coatings in North America, and continuous product development and expansion activities undertaken by companies are the key factors for the growth of the global UV stabilizers market.
The HALS is the largest type of UV stabilizers for UV stabilizers market in 2020 HALS does not absorb UV light; instead, it has an anti-degradation mechanism due to its catalytic nature.It is, therefore, mainly used to protect polymers from degradation under UV light exposure while providing higher durability and long shelf life compared to other stabilizers.
The growth can be attributed to the increasing demand from applications, such as polyolefin films and thin and thick sections of polymers, including injection molding, extrusion, and blow molding. The non-degradability, long-term UV protection, durability, and high performance of HALS govern the market growth.
Packaging is estimated to be the largest application of UV stabilizers market in 2020. Packaging includes sub-applications, such as beverage packaging, food packaging, consumer goods, and industrial packaging products. The increasing disposable income and changing consumer lifestyles have increased the use of plastics as packaging products, such as bottles, caps & closures, transport crates, containers & drums, and films. The growing demand for HALS and UV absorbers in PET bottles, food & beverage containers, and pharmaceutical packaging to protect packaging materials and their content from degradation has fueled the UV stabilizers market in the packaging segment APAC is expected to be the largest UV stabilizers market during the forecast period, in terms of value. APAC led the global UV stabilizers market in terms of value and volume in 2020.The growth in demand for non-toxic, UV-resistant, thermally stable, and environment-friendly UV stabilizer materials in the emerging economies, from the building & construction, automotive, food & beverage, packaging, and plastics industries, is the major driver of this market.
The UV stabilizers market in APAC is expected to witness high growth during the forecast period. In APAC, China is the largest market for UV stabilizers, in terms of value, in 2020. In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows: • By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25% • By Designation: C-Level - 46%, Director Level - 25%, and Others - 29% • By Region: North America - 27%, Europe - 27%, APAC - 33%, South America - 7%, and Middle East & Africa - 6%,
The key market players profiled in the report include BASF SE (Germany), Evonik Industries AG (Germany), SONGWON Industrial Co. Ltd. (South Korea), Clariant AG (Switzerland), Solvay SA (Belgium), Suqian Unitechem Group (China), Everlight Chemical Industrial Corp. (Taiwan), Addivant (US), Valtris Specialty Chemicals Inc. (US), Mayzo, Inc. (US), and Lycus Ltd. (US).
Research Coverage This report segments the market for UV stabilizers on the basis of type, application, and region, and provides estimations for the overall value and volume of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisitions associated with the market for UV stabilizers.
Reasons to buy this report This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the UV stabilizers market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers: • Market Penetration: Comprehensive information on UV stabilizers offered by top players in the global UV stabilizers market • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the UV stabilizers market • Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for UV stabilizers across regions • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global UV stabilizers market • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the UV stabilizers market • Impact of COVID-19 on UV stabilizers market
Our reports have been used by over 10K customers, including:
The global flame retardants market is estimated to be USD 7.2 billion in 2022 and is projected to grow at a CAGR of 5.1% during the forecast period. One of the key drivers of the rising demand for flame retardants is the stringent regulations towards fire safety across the globe. To reduce fire-related hazards and associated impacts, many...
The market for Plastics Injection Molding was valued at around 1,34,240 kilotons in 2021 and the market is expected to register a CAGR of more than 3.5% during the forecast period 2022-2027. The Covid-19 pandemic had a negative impact on the plastics injection molding market, however the market has now been estimated to have reached...
The antimicrobial plastics market is projected to reach USD 66.7 billion by 2026, at a CAGR of 10.8% from USD 40.0 billion in 2021. Increasing demand from applications such as medical and healthcare, packaging, and consumer goods; and consumer awareness pertaining to the importance of antimicrobial plastics are the major factors attributed...
The global PLA market size is projected to grow from USD 1.0 billion in 2021 to USD 1.9 billion by 2026, at a CAGR of 12.2% between 2021 and 2026. The market is driven by various factor such as increasing demand of PLA in packaging industry, government regulations in Europe, increased focus of government on green procurement policies, and...
214 pages •
By Asia Market Information & Development Company
• Jan 2022
China’s demand for Engineered Plastics has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
257 pages •
By Asia Market Information & Development Company
• Jan 2022
China’s demand for Plastic Compounding has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
229 pages •
By Asia Market Information & Development Company
• Jan 2022
China’s demand for Plastics has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and...
125 pages •
By Asia Market Information & Development Company
• Mar 2022
This study focuses on China’s Automotive Plastics industry forecasts. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major...
The global cold plasma market size is expected to reach USD 3.3 billion by 2026 from USD 1.6 billion in 2021, at a CAGR of 15.0% during the forecast period. The growth in this market is primarily attributed to the benefits of cold plasma, such as its environment-friendliness, increasing use of cold plasma in wound healing and cancer treatment,...
The dimethyl carbonate market is projected to grow from USD 847 million in 2021 to USD 1,148 million by 2026, at a CAGR of 6.3% from 2021 to 2026. Rising demand for lithium-ion batteries from electronics industry to drive the dimethyl carbonate market. Based on application, the battery electrolyte segment is projected to grow at the highest...
Battery
Pharmaceutical
Paint And Coating
Plastic
Electric Vehicle
World
APAC
Gross Domestic Product
Crude Oil Price
By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.
