Standard Test Method for Acidity of Benzene, xylenes, solvent Naphthas, Toluene, and Other Similar Industrial Aromatic Hydrocarbons are Used in the UV Stabilizers Coating

In several countries, the government is increasing the rules and regulations and making new code of conduct for the environmental protection. As with the increasing production of the waste from several industries resulting in the environmental degradation due to which the government have proper rules for the manufacturing industries for the proper treatment of the chemicals before the discharge of the waste materials in the water bodies.         

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Global UV stabilizers market is expected to reach USD 1,964,985.85 thousand by 2027 from USD 1,210,000.00 thousand in 2019, at a CAGR of 6.3% in the forecast period of 2020 to 2027. Several advantages which are associated with the UV stabilizers such as absorption of the UV rays from the sun and converting the high energy into low energy due to which the usage of the wood coating is used in the commercial building and exterior walls of the residential house, due to this factor the demand of UV stabilizers in the market is growing.           

Ultraviolet (UV) Stabilizers Market

Growing demand for wood coating across the world will drive the market's growth rate

The dynamic changes in the temperature affect the strength of the wood. So the wood needs the proper coating to increase the wood's strength. UV stabilizers in the wood coating act as scavengers which reduce the reactivity of any free radicals or chemicals formation within the coating which increases the efficiency of the wood coating. Wood coating with the UV stabilizers additive enhances the environmental acceptability, strength of wood products due to which the demand for the wood coating is increasing. Wood coating helps maintain the glossy wood structure and increases the life span of the wood with same color. Thus, on concluding, the increasing advantages of the wood coating for the exterior wood products will increase the demand for the wood coating. The increasing demand of the wood coating products will increase the demand for the UV stabilizes which will boost the global UV stabilizers market.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2020 to 2027

Base Year

2019

Historic Years

2018 (Customizable to 2013 - 2018)

Quantitative Units

Revenue in USD Thousand, Volumes in Units, Pricing in USD

Segments Covered

Type (UV Absorber, Quenchers, HALS (Hindered Amine Light Stabilizers) and Others), Application (Coatings, Adhesives and Sealants, Plastics, and Others), End User Industry (Architectural, Agriculture, Automotive, Furniture, Packaging and Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

KNV Chemicals Inc. (Canada), Ampacet Corporation (U.S.), Phoenix Plastics (India), Chitec Technology Co., Ltd. (Taiwan), Everlight Chemical Industrial Co. (Taiwan), Valtris Specialty Chemicals (U.S.), ADEKA CORPORATION (Japan), Lycus Ltd. (U.S.), Addivant (U.S.), ALTANA AG (Germany), SONGWON (U.S.), Evonik Industries AG (Germany), LANXESS (Germany), Solvay (Belgium), BASF SE (Germany), Clariant (Switzerland) among others             

Data Points Covered in the Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Segment Analysis:

Global UV stabilizers market is segmented into four notable segments which are based on type, application additive, application and end-user. 

  • On the basis of type, the UV stabilizers market is segmented into UV absorber, HALS (hindered amine light stabilizers), quenchers and others. In 2020, UV Absorber segment is expected to dominate global UV stabilizers market with 51.16% market share as due to the dynamic changes in the high temperature, the demand for the UV absorption product is increasing. In Asia-Pacific, the demand of UV absorber is increasing due to the rapid industrialization that leads to more environmental effects which increase its demand in the region.
  • On the basis of application additive, the UV stabilizers market is segmented into films and tapes, extrusion, decking, floor coating and others. In 2020, Extrusion segment is expected to dominate global UV stabilizers market with 56.66% market share as extrusion is the process making molding and plastic products which increases the demand for the UV stabilizers during the process and dominates in the market.
  • On the basis of application, the UV stabilizers market is segmented into coatings, plastics, cosmetics and adhesives. In 2020, plastics segment is expected to dominate global UV stabilizers market with 59.67% market share as extrusion is the process making molding and plastic products which increases the demand for the UV stabilizers during the process and dominates in the market.

The plastics segment will dominate the application segment of the UV stabilizers market

The plastics segment will emerge as the dominating segment application segment. This is because of the growing demand for plastics in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

  • On the basis of end-user, the UV stabilizers market is segmented into automotive, building and construction, adhesives and sealants and agriculture. In 2020, automotive segment is expected to dominate global UV stabilizers market with 52.77% market share as demand of the cars and passenger vehicle is increasing globally. In Asia-Pacific region, in developing nations with the increasing population the demand for the two wheeler and cars is increasing in the region due to which the demand of the UV stabilizers plastic products in the automotive is increasing.

The automotive segment will dominate the end-user segment of the UV stabilizers market

The automotive segment will emerge as the dominating segment under end-user with approximately 53.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the semiconductors industry all around the globe will further bolster the growth of this segment.

Major Players         

Data Bridge Market Research recognizes the following companies as the market players in market: KNV Chemicals Inc. (Canada), Ampacet Corporation (U.S.), Phoenix Plastics (India), Chitec Technology Co., Ltd. (Taiwan), Everlight Chemical Industrial Co. (Taiwan), Valtris Specialty Chemicals (U.S.), ADEKA CORPORATION (Japan), Lycus Ltd. (U.S.), Addivant (U.S.), ALTANA AG (Germany), SONGWON (U.S.), Evonik Industries AG (Germany), LANXESS (Germany), Solvay (Belgium), BASF SE (Germany), Clariant (Switzerland).

Ultraviolet (UV) Stabilizers Market

Market Development

  • In July 2020, SABO S.p.A. a Market player has entered into the agreement with Eurosyn company which is a distributor of the surfactants and speciality chemicals sector the agreement was established on range of industries such as leather, textiles, metal treatments, lubricants, and inks and coatings. This development has helped the company to increase the sales and revenue in the near future.  
  • In July 2020, Solvay Company has obtained the trade mark of Vegan and also launched the product named augeo crystal and hexylene glycol (HGL) in cosmetics industry. This Development has helped the company to increase the revenue in near future.

Regional Analysis

Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in thin and UV stabilizers market during the forecast period 2020 - 2027

As a result of the increase in housing projects, North America currently controls the majority of the UV stabiliser industry. Moreover, during the anticipated period, the market for ultraviolet (UV) stabilizers would rise due to technical advancements in the furniture and construction sectors as well as rigorous environmental regulations.

Asia-Pacific is estimated to be the fastest growing region in UV stabilizers market the forecast period 2020 - 2027

As a result of the burgeoning furniture and construction industries, Asia Pacific is predicted to experience considerable growth in the UV stabilizers market. Additionally, the presence of the main user nations is expected to fuel the market for ultraviolet (UV) stabilisers in the area in the upcoming years.

COVID-19 Impact

In 2020, the entire market has been slightly impacted by the COVID-19 pandemic outbreak. Due to mobility restrictions and rigorous lockdown regulations, the construction and automobile industries have slowly declined. This has decreased demand for UV light stabilizers, which has also resulted in a dip in the market's revenue graph. Additionally, the market expansion during the COVID era had been further hampered by disruptions in the raw material supply chain.

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