Global UV Light Stabilizers Market Overview:
“The global UV Light Stabilizers Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
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. Earth's surface encounters 6% ultraviolet light of total light reaching the 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 the 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 the physical properties of the wood surface and protect it from getting damaged because of the external environment.
These products are also helpful in reducing harmful environmental impacts such as reduction in volatile organic compounds (VOC) emissions resulting in lower ozone depletion.
Growing demand for plastic and wood coatings to protect it from ultraviolet radiation is a key factor expected to drive the growth of the global UV light stabilizers market. Growing usage of plastics and wood for decking purposes also triggered demand for ultraviolet light coatings, which in turn is expected to drive the 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 the growth of the market positively, thereby driving demand for UV light stabilizers globally. In addition, the use of nanotechnology in coating industries would also fuel the growth of the global UV light stabilizer market in the near future.
However, fluctuating raw material prices and high costs associated with the production of UV stabilizers are major factors projected to hamper the growth of the target market.
Asia Pacific UV light stabilizers market is expected to account for a significant share in terms of revenue in 2017 and is estimated to maintain its dominance over the forecast period, owing to the 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 the 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
Segmentation by application:
- Building and Construction
- Decking and Flooring
- Others (furniture, interior, adhesives, and sealants)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- AkzoNobel N.V
- BASF SE
- Valtris Specialty Chemicals
- Cytec Solvay Group
- Everlight Chemical Industrial Co.
- Lycus Ltd., LLC
- Mayzo Inc.
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