Evonik Industries AG, BASF SE and ALTANA AG are Dominating the Global UV Stabilizers Market in 2019

Global UV Stabilizers Market is expected to grow with the CAGR of 4.8% in the forecast period of 2020 to 2027. The years considered for the study are as mentioned below.

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Global UV stabilizers market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to the favourable market scenario.

The major players dealing in global UV stabilizers market are introducing strong range of product portfolio. This has helped the companies to maximize the sales with enhanced product portfolio.

For instance,

  • In April 2019, ALTANA AG Company expanded the BYK division and open the new site in Shanghai by investing 38 million Euro. Company have decided to increase the production of BYK division to fulfil the demand in the Brazil market. This development has helped the company to increase the revenue in future.
  • In May 2018, LANXESS Company launched the Stabaxol product for the automotive. The product has the UV absorber properties which protect the vehicle from the UV rays from sun. This development has helpe d the company to increase the revenue in near future.

Evonik Industries AG is the dominating player in global UV stabilizers market. The other key players existing in the market includes KNV Chemicals Inc., Ampacet Corporation, Phoenix Plastics, Chitec Technology Co., Ltd., Everlight Chemical Industrial Co., Valtris Specialty Chemicals, ADEKA CORPORATION, Lycus Ltd., Addivant, ALTANA AG, SONGWON, LANXESS, Solvay, BASF SE, Clariant, SABO S.p.A., Baoding Lucky Chemical Co.,LTD., MPI Chemie BV and RIVERDALE GLOBAL LLC among others.

UV Stabilizers  MarketEvonik Industries AG

Evonik Industries AG is headquartered in Essen, Germany which was founded in 2007. The company is engaged in the manufacturing of innovative specialty chemicals as they are mostly used in the automotive and plastics industry. The company have business segment such as resource efficiency, nutrition & care, performance materials, services among which performance materials is market focused segment. The company have wide product category such as crop protection, optical brightener, reactive dye, UV-light stabilizer, water treatment and other applications out of which our market focused product category is UV-light stabilizer.

  • In March 2018, Evonik Industries AG expanded the joint venture with the TAA derivatives in China which increases the production of HALS stabilizers. TAA Derivatives Company is engaged in the production of the additives for different industries. This development has helped the company to increase the revenue and global presence.

The company has wide global presence across the globe such as Asia-Pacific, Europe, North America, South America and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary such as Evonik Degussa GmbH (Germany), Evonik (Thailand) Ltd. (Thailand), Evonik Australia Pty Ltd (Australia) and Evonik (Canada) among others.

BASF SE

BASF SE is headquartered in Ludwigshafen, Germany and it was founded in year 1865. The company engaged in the manufacturing of chemicals, materials, industrial solutions, surface technologies, nutrition & care and agricultural solutions. The company have business segment such as chemicals, material, industrial solutions, surface technologies, nutrition & care, agricultural solutions and other out of which the market focused category is material. The company offers wide range of product categories such as agriculture, automotive & transportation, chemicals, construction, electronics & electric, energy & resources, furniture & wood, home care and i&i cleaning, nutrition, packaging & print, paints & coatings, personal care & hygiene, pharmaceuticals, plastics & rubber, pulp & paper, textile, leather & footwear, and general business topics among which general business topic is market focused category.

  • In April 2019, BASF SE launched the new product named Tinuvin NOR 371 which is used in the greenhouse films that are used in the agriculture and have the capability of enhancing the durability and lifespan of plastic greenhouse films made from low density polyethylene. This development has helped the company to increase the revenue in near future.

The company has its presence in Americas, Europe, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiaries such as BASF Coatings (Germany), Wintershall (Germany), BASF Japan (Japan), Chemetall (Gemany), Cognis (Germany), BASF Polyurethanes GmbH (Germany), TrinamiX GmbH (Germany), Nunhems (The Netherlands) and pci augsburg (Germany) among others.

ALTANA AG

ALTANA AG is headquartered in Wesel, Germany and was founded in 1873. The company is engaged in the manufacturing of additives for coating, printing inks and plastic for different industries and applications. The company have business segment such as BYK, ECKART, ELANTAS, ACTEGA out of which market focused business segment is BYK. The company has product category such as product groups, highlights and additives by name out of which additives by Name is the market focused segment.

  • In January 2020, ALTANA AG Company expanded the business with the inauguration of new division ACTEGA in Brazil. The company have decided to increase the production of ACTEGA division to fulfil the demand in the Brazil market. This development has helped the company to increase the revenue in the near future.

The company has wide global presence in Asia-Pacific, Europe, North America, South America and Middle East and Africa. The company also earn revenue from several subsidiaries such as NuLabel Technologies, Inc., (U.S.), ACTEGA GmbH (Germany), Elantas Beck India (India), ALTANA Chemie GmbH (Germany), ACTEGA DS GmbH (Germany), ECKART UK Ltd. (U.K.) and Byk-Cera B.V. (Netherlands) many more.