Global UV Light Stabilizers Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global UV light stabilizers market in its upcoming report titled, “Global UV Light Stabilizers Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global UV light stabilizers market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global UV light stabilizers market report has been segmented on the basis of type, application, and region.

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Earth surface encounters 6% ultraviolet light of total light reaching earth. Even this 6% of ultraviolet light is harmful and can cause discoloration and product decomposition to objects exposed to it. When polymers are exposed to UV light, they diminish appearance and quality of the products. UV light stabilizers help in increasing shelf life, and protecting products from counter degradation caused by UV light, stiffness, flexibility, strength, appearance and other characteristics. Wood has characteristics of lignin which experiences decomposition and discoloration because of perpetual exposure to UV radiations. UV light stabilizers help in reducing lignin degradation levels in wood. Wood coatings materials contain additives such as UV light stabilizers, heat stabilizers, and others, to preserve physical properties of wood surface and protect it from getting damaged because of external environment. These products are also helpful in reducing harmful environmental impacts such as reduction in volatile organic compounds (VOC) emissions results in lower ozone depletion.

Growing demand for plastic and wood coatings to protect it from ultraviolet radiations is a key factor expected to drive growth of the global UV light stabilizers market. Growing usage of plastics and wood for decking purpose also triggered demand for ultraviolet light coatings, which in turn is expected to drive growth of the global UV light stabilizers market in the near future. Ongoing development in construction and housing industries in various regions is expected to support growth of the market positively, thereby driving demand for the UV light stabilizers globally. In addition, use of nanotechnology in coating industries would also fuel growth of the global UV light stabilizer market in the near future.

However, fluctuating raw material prices and high cost associated with production of UV stabilizers are major factors projected to hamper growth of the target market.

Asia Pacific UV light stabilizers market is expected to account for significant share in terms of revenue in 2017, and is estimated to maintain its dominance over the forecast period, owing to growing demand for UV light stabilizers from various plastic and wood coatings in the countries in this region. Asia Pacific UV light stabilizers market is also projected to record highest growth in terms of revenue in the next five years.

Global UV Light Stabilizers Market Segmentation:

Segmentation by type:

• Hindered amine light stabilizers (HALS)
• UV Absorber
• Quenchers

 Segmentation by application:

• Automotive
• Building and Construction
• Decking and Flooring
• Packaging
• Agriculture
• Others (furniture, interior, adhesives, and sealants)

 Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• AkzoNobel N.V
• BASF SE
• ALTANA
• Solvay
• Valtris Specialty Chemicals
• Clariant
• Cytec Solvay Group
• Everlight Chemical Industrial Co.
• Lycus Ltd., LLC
• Mayzo Inc.