UV stabilizers find applications in a wide range of industries, including automotive, construction, packaging, agriculture, and cosmetics. They are used to enhance the durability, longevity, and performance of products exposed to UV radiation. The UV stabilizers market has witnessed consolidation through mergers and acquisitions as major players strive to expand their product portfolios, strengthen their global presence, and capitalize on synergies to meet the evolving customer demands. Hindered amine light stabilizers have gained prominence in the UV stabilizers market due to their excellent UV resistance properties and long-term stability. HALS are widely used in applications requiring extended exposure to sunlight.
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Data Bridge Market Research analyses that the Ultraviolet (UV) Stabilizers Market valued at USD 1,272.92 million in 2020, will reach USD 1,909.53 million by 2028, growing at a CAGR of 5.20% during the forecast period of 2021 to 2028. The rise in acceptance of these stabilizers by the automotive sector to improve automotive components, developments in ultraviolet (UV) stabilizers for building and construction applications, and an increase in population awareness for UV repellent or ultraviolet (UV) resistant products are expected to drive the growth of the ultraviolet (UV) stabilizers market in the forecast period.
Growing demand for wood coating application is expected to drive the market's growth rate
The dynamic fluctuations in temperature have an impact on the strength of the wood. As a result, the wood requires the correct treatment to boost its strength. UV stabilizers in wood coatings work as scavengers, reducing the reactivity of any free radicals or chemicals formed inside the coating and increasing its efficiency. Wood coating with UV stabilizers addition improves the environmental acceptability and strength of wood goods, resulting in increased demand for wood coating. Wood coating helps to keep the shiny wood structure and extends the life of wood of the same color. As a result, the increasing benefits of wood coating for outdoor wood items will raise demand for wood coating.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2013- 2018)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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
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Market Players Covered
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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)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, 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
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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. UV absorber segment is expected to dominate global UV stabilizers market with 51.66% 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. Extrusion segment is expected to dominate global UV stabilizers market with 57.16% 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. Plastics segment is expected to dominate global UV stabilizers market with 60.17% 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.Automotive segment is expected to dominate global UV stabilizers market with 53.27% 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 major market players: 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).
Market Development
- In 2020, SABO S.p.A. signed an agreement with Eurosyn, a distributor of surfactants and specialty chemicals. The agreement covers a wide range of industries, including leather, textiles, metal treatments, lubricants, and inks and coatings. This advancement has assisted the organisation in increasing sales and revenue in the 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 the UV stabilizers market during the forecast period 2021 - 2028
Given the increase in housing projects, North America dominates the ultraviolet (UV) stabilizers industry. Furthermore, technical advancements in the furniture and building sectors, as well as tight environmental regulations, will drive the expansion of the region's ultraviolet (UV) stabilizers market during the research period.
Asia-Pacific is estimated to be the fastest growing region in the UV stabilizers market in the forecast period 2021 - 2028
Given of the increasing construction and furniture application areas, Asia-Pacific is expected to see substantial growth in the ultraviolet (UV) stabilizers market. Furthermore, the emergence of key user countries is expected to drive the growth of the region's ultraviolet (UV) stabilizers market in the future years.
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