Author: Himanshu Patni
22 December 2023
UV stabilizers are used to prevent photo degradation which is a chemical reaction that occurred when ultraviolet radiation comes from an artificial light source or the sun. The UV stabilizer absorbs the radiation that comes from the UV lights and disperses that energy into low heat levels. The demand for UV stabilizers is increasing in emerging markets such as plastics, wood components, and polymers due to the growing demand for advanced, non-deteriorating, scratch-resistant UV stabilizers for protection from UV heat and longer durability.
The UV Stabilizer Market is expected to grow at a steady rate of around 6% owing to the increasing off-road recreational activities coupled with the growing adoption of ATVs in agriculture and military & defense sectors. The increasing investment and expansion allow major companies in the market to offer UV stabilizers with technologically advanced features. For instance, Solvay has announced the launch of the new product UV-C which can be utilized on the polyolefin surface to reduce the risk of degradation, micro-crack, and discoloration.
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Based on application, the UV stabilizer market has been classified into building & construction, agriculture, automotive, packaging, adhesive & sealants, and others. The packaging segment register significant market growth during the forecast period owing to the increasing population coupled with the strict government policy for food packaging and changing lifestyle. However, the share of the automotive industry will also register significant market growth due to the increasing demand for vehicles and the increasing use of plastic-made products along with UV stabilizers in vehicles for optimized performance and longer durability.
Based on type, the market is segmented into UV absorbers, quenchers, and Hindered Amine Light Stabilizers. HALS category is widely used for the stabilization of the lights for polyolefin, styrene polymer, coating, and polyamides among others. Also, instead of absorbing the light, the HALS disperses the UV lights due to its catalytic nature which govern by an anti-degradation mechanism that provides added advantages such as longer durability as well as long shelf life. Furthermore, the HALS’s increasing demand can be attributed to the growing demand for injection molding, blow molding, extrusion molding, and polyolefin films.
For a better understanding of the market adoption of the UV Stabilizer industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the growing disposable income and surging per capita spending of individuals along with the changing lifestyle in the emerging economies of the region is driving the growth of the market. The demand for UV stabilizers in the Asia Pacific can be attributed to the increasing requirement for thermally stable, environmentally friendly UV stabilizer materials for the automotive, construction & building, packaging, plastic industries, and food & beverage. Additionally, the rapid urbanization and growing number of industries along with the lower labor cost in the region also propels the UV stabilizer market in the region during the forecast period. Moreover, technological advancement, increasing investment, and FDI allowance in the region will impact the market positively. For instance, Nanophase Technologies Corporation provides NanoArc (zinc oxide nanoparticle) UV protection without affecting the gloss, transparency, color, or physical properties of the material.
For a detailed analysis of the Global UV Stabilizer Market browse through – https://univdatos.com/report/uv-stabilizers-market/
Some of the major players operating in the market include BASF SE, Clariant AG, Solvay, Songwon Industrial Co. Ltd, Evonik Industries AG, Everlight Chemical Industrial Corp., Lycus Ltd., Addivan, Suqian Unitechem Group, and Valtris Specialty Chemicals Inc.
Global UV Stabilizer Market Segmentation
Market Insight, by Type
· UV absorber
· Quenchers
· Hindered Amine Light Stabilizers
Market Insight, by Application
· Building & Construction
· Agriculture
· Automotive
· Packaging
· Adhesive & Sealants
· Other
Market Insight, by Region
· North America
o US
o Canada
o Rest of North America
· Europe
o Germany
o United Kingdom
o France
o Italy
o Spain
o Rest of Europe
· Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
· Rest of the World
Top Company Profiles
· BASF SE
· Clariant AG
· Solvay
· Songwon Industrial Co. Ltd
· Evonik Industries AG
· Everlight Chemical Industrial Corp.
· Lycus Ltd.
· Addivan
· Suqian Unitechem Group
· Valtris Specialty Chemicals Inc.
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