UV Stabilizers Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Type (UV Absorbers, Quenchers, and Hindered Amine Light Stabilizers); Application (Building & Construction, Agriculture, Automotive, Packaging, Adhesive & Sealants, and Others); and Region/Country
The global UV Stabilizer Market is expected to grow at a significant rate of around 6% during the forecast period 2022-2028. 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. In addition, the UV stabilizer is widely used in the food & beverage industry, cosmetic industry, household, and pharmaceutical products on the account of the protection against color fading, loss of vitamin content, and prevention against oxidation. For instance, the demand for PET (Polyethylene terephthalate) material is increasing around the world for food packaging and drinkable water bottles due to its stronger nature against UV light.
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. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, Hindered Amine Light Stabilizers category to witness robust CAGR during the forecast period”
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.
“Amongst application, the packaging segment to hold a significant share in the market in 2020”
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. 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. Additionally, the changing lifestyle and increasing disposable income of the individual have increased the demand for plastics as the food packaging material and subsequently grew the demand for UV stabilizers.
“Asia-Pacific to hold a significant share in the market”
In 2020, Asia-Pacific held a significant share of the global ATV market. 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.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.4.||Currency used in Report|
|2.1.||Research Process of the UV Stabilizer Market|
|2.2.||Research Methodology of the UV Stabilizer Market|
|2.5.||Main Objective of the UV Stabilizer Market Study|
|5||IMPACT OF COVID-19 ON THE UV STABILIZER MARKET|
|6||GLOBAL UV STABILIZER MARKET REVENUE (USD BN), 2019-2027F|
|7.3.||Hindered Amine Light Stabilizers|
|8.1.||Building & Construction|
|8.5.||Adhesive & Sealants|
|9.1||NORTH AMERICA UV STABILIZER MARKET|
|9.1.3||Rest of North America|
|9.2||EUROPE UV STABILIZER MARKET|
|9.2.6||Rest of Europe|
|9.3||ASIA PACIFIC UV STABILIZER MARKET|
|9.3.5||Rest of Asia Pacific|
|9.4||REST OF THE WORLD UV STABILIZER MARKET|
|11||UV STABILIZER MARKET OPPORTUNITIES|
|12||UV STABILIZER MARKET TRENDS & INSIGHTS|
13.1 Demand Side Analysis 13.2 Supply Side Analysis
|14||VALUE CHAIN ANALYSIS|
|15.1.1||Porter’s Five forces analysis|
|16.4.||Songwon Industrial Co. Ltd|
|16.5.||Evonik Industries AG|
|16.6.||Everlight Chemical Industrial Corp.|
|16.9.||Suqian Unitechem Group|
|16.10.||Valtris Specialty Chemicals Inc.|
Research Methodology for the UV Stabilizer Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global UV stabilizer market were the three major steps undertaken to create and analyze the adoption of UV stabilizers in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global UV stabilizer market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the UV stabilizer market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the UV stabilizer market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the UV stabilizer market. Further, we conducted factor analysis using dependent and independent variables such as various types and applications of UV stabilizers. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the UV stabilizer market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global UV stabilizer market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the UV stabilizer market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global UV stabilizer market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global UV stabilizer market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and application in the global UV stabilizer market.
The main objective of the Global UV Stabilizer Market Study
The current & future market trends of the global UV stabilizer market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the UV stabilizer market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type and application.
- Define and analysis of the regulatory framework for the UV stabilizer industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the UV stabilizer market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the UV Stabilizer market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry