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Global Ultraviolet (UV) Stabilizers Market – Industry Trends and Forecast to 2031

Chemical and Materials

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Global Ultraviolet (UV) Stabilizers Market – Industry Trends and Forecast to 2031

  • Chemical and Materials
  • Upcoming Report
  • Mar 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Ultraviolet (UV) Stabilizers Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 1.40 USD Billion
Diagram Market Size (Forecast Year) USD 25.66 USD Billion
Diagram CAGR %

Major Markets Players

  • KNV Chemicals
  • Ampacet Corporation
  • Phoenix Plastics
  • Chitec Technology Co.
  • Everlight Chemical Industrial Co.

Global Ultraviolet (UV) Stabilizers Market, By Type (UV Absorber, Quenchers, HALS (Hindered Amine Light Stabilizers), Others), Application (Coatings, Adhesives and Sealants, Plastics, Others), End User Industry (Architectural, Agriculture, Automotive, Furniture, Packaging, Others) – Industry Trends and Forecast to 2031.

 Ultraviolet (UV) Stabilizers Market

Ultraviolet (UV) Stabilizers Market Analysis and Size

Ultraviolet (UV) stabilizers are the elements that are utilized in several chemical procedures for avoiding photodegradation. This degradation happens when the UV collides bonds with any polymer. Every polymer can be influenced by external factors whether it is natural or synthetic. UV stabilizers are applied in numerous industries such as automotive, construction and building, agricultural films, and so forth. This type of stabilizer is employed in a range of polymers to prevent polymer degradation.

Data Bridge Market Research analyzes that the global ultraviolet (UV) stabilizers market which was USD 1.40 billion in 2023, is expected to reach USD 2.22 billion by 2031, growing at a CAGR of 5.3% during the forecast period of 2024 to 2031. 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.

Ultraviolet (UV) Stabilizers Market Scope and Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2021 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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

Countries Covered

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

Market Players Covered

KNV Chemicals Inc. (U.S.), Ampacet Corporation (U.S.), Phoenix Plastics (China), Chitec Technology Co., Ltd. (Taiwan), Everlight Chemical Industrial Co. (Taiwan), Valtris Specialty Chemicals (U.S.), ADEKA CORPORATION (Japan), Lycus Ltd. (Turkey), Addivant (U.S.), ALTANA AG (Germany), SONGWON (South Korea), Evonik Industries AG (Germany), LANXESS (Germany), Solvay (Belgium), BASF SE (Germany), Clariant (Switzerland), SABO S.p.A. (Italy)

Market Opportunities

  • Growing use in plastics industry
  • Expanding packaging industry

Market Definition

Ultraviolet (UV) stabilizers are additives used in various industries to protect materials and products from the harmful effects of ultraviolet radiation from the sun and artificial light sources. UV radiation can cause degradation, discoloration, and deterioration of materials, leading to reduced performance, durability, and aesthetic quality. UV stabilizers help prevent these issues by absorbing, scattering, or reflecting UV radiation, thereby preserving the integrity and appearance of the materials they are applied to.

Global Ultraviolet (UV) Stabilizers Market Dynamics

Drivers

  • Increasing Use in Plastics Industry

The plastics industry is a major consumer of UV stabilizers. With the rising demand for plastic products in various applications, there is a continuous need for UV stabilizers to enhance the durability and UV resistance of plastic materials. This is a major driver for the market growth.

  • Growing Packaging Industry

The packaging industry, particularly in the food and beverage sector, is expanding. UV stabilizers are essential to protect packaging materials from UV degradation, ensuring the integrity and visual appeal of the packaging and driving market growth.

Opportunity

  • Growing Use in Plastics Industry

The plastics industry is a significant consumer of UV stabilizers. With the increasing use of plastics in various applications, there is a rising demand for UV stabilizers to enhance the durability and longevity of plastic products. This growing industry is creating new opportunities for the market.

  • Expanding Packaging Industry

The packaging industry is one of the largest consumers of UV stabilizers. As demand for packaging materials grows, particularly in the food and beverage sector, new opportunities for market growth arises. UV stabilizers are essential to protect the integrity and appearance of packaging materials.

Restraints/Challenges

  • Regulatory Compliance

Meeting and adhering to various environmental and safety regulations and standards related to the use of UV stabilizers can be challenging for manufacturers. Different regions and industries may have distinct regulatory requirements.

  • Environmental Concerns

There is growing awareness of the environmental impact of chemical additives like UV stabilizers. This includes concerns about potential ecological harm, especially in applications where UV stabilizers can leach into the environment. This can be a challenge for the market.

This ultraviolet (UV) stabilizers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ultraviolet (UV) stabilizers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In July 2022, Solvay unveiled an innovative range of UV-C stabilizers designed for demanding hygiene applications where the focus is on combating COVID and hospital-acquired infections. These products make use of the UV-C spectrum (200–280 nm) to treat polyolefin surfaces. The development of this groundbreaking stabilizing technique is the first of its kind to address the challenges of polyolefin degradation, color change, and microcrack formation caused by frequent exposure to UV-C radiation
  • In March 2022, BASF SE announced its plans to boost the production capacity of its hindered amine light stabilizers (HALS), which include popular products like Tinuvin, Chimassorb, and Uvinul. This expansion is set to take place at manufacturing facilities located in Pontecchio Marconi, Italy, and Lampertheim, Germany

Global Ultraviolet (UV) stabilizers Market Scope

The ultraviolet (UV) stabilizers market is segmented on the basis of type, application and end user industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • UV absorber
  • HALS (Hindered Amine Light Stabilizers)
  • Others

Application

  • Coatings
  • Adhesives and Sealants
  • Plastics
  • Others

End User Industry

  • Architectural
  • Agriculture
  • Automotive
  • Furniture
  • Packaging
  • Others

Global Ultraviolet (UV) Stabilizers Market Regional Analysis/Insights

The ultraviolet (UV) stabilizers market is analyzed and market size, volume information is provided by country, type, application and end user industry as referenced above.   

The countries covered in the market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and rest of Middle East and Africa.

North America is expected to dominate the market due to the rise in the housing projects.

Asia Pacific is expected to be the fastest growing region in market due to the emerging construction and furniture application areas.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Ultraviolet (UV) stabilizers Market Share Analysis

The ultraviolet (UV) stabilizers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ultraviolet (UV) stabilizers market.

Some of the major players operating in the ultraviolet (UV) stabilizers market are:

  • KNV Chemicals Inc. (U.S.)
  • Ampacet Corporation (U.S.)
  • Phoenix Plastics (China)
  • Chitec Technology Co., Ltd. (Taiwan)
  • Everlight Chemical Industrial Co. (Taiwan)
  • Valtris Specialty Chemicals (U.S.)
  • ADEKA CORPORATION (Japan)
  • Lycus Ltd. (Turkey)
  • Addivant (U.S.)
  • ALTANA AG (Germany)
  • SONGWON (South Korea)
  • Evonik Industries AG (Germany)
  • LANXESS (Germany)
  • Solvay (Belgium)
  • BASF SE (Germany)
  • Clariant (Switzerland)
  • SABO S.p.A. (Italy)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The ultraviolet (UV) stabilizers market size will be worth USD 2.22 billion by 2031.
The growth rate of the ultraviolet (UV) stabilizers market is 5.3% in the forecast period by 2031.
Increasing use in the plastics industry & growing packaging industry are the growth drivers of the ultraviolet (UV) stabilizers market.
Type, application and end user industry are the factors on which the ultraviolet (UV) stabilizers market research is based.
Major companies in the ultraviolet (UV) stabilizers market are KNV Chemicals Inc. (U.S.), Ampacet Corporation (U.S.), Phoenix Plastics (China), Chitec Technology Co., Ltd. (Taiwan), Everlight Chemical Industrial Co. (Taiwan), Valtris Specialty Chemicals (U.S.), ADEKA CORPORATION (Japan), Lycus Ltd. (Turkey), Addivant (U.S.), ALTANA AG (Germany), SONGWON (South Korea), Evonik Industries AG (Germany), LANXESS (Germany), Solvay (Belgium), BASF SE (Germany), Clariant (Switzerland), SABO S.p.A. (Italy).
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