Global UV Stabilizers Market Size, Forecasts, And Opportunities
Learn about the global UV stabilizers market through The Business Research Company, which provides information on UV stabilizers market size, UV stabilizers market drivers and restraints, UV stabilizers market players, the COVID-19 impact on the UV stabilizers market, and more.
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The global UV stabilizers market is expected to grow from $1.27 billion in 2020 to $1.35 billion in 2021 at a compound annual growth rate (CAGR) of 6.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.80 billion in 2025 at a CAGR of 7.5%.
The increase in the production of vehicles by the automotive industry and the use of packaging are expected to drive innovation in UV stabilizers manufacturing, thus driving the market during the forecast period.
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The UV stabilizers market consists of sales of UV stabilizers that prevent chemical degradation. UV stabilizers absorb the radiation coming from the sun or artificial light source, neutralize the light rays, and thus increase the strength of the material by lowering cracks of the products. UV stabilizers are also used in indoor or outdoor applications such as coating and paint products.
Global UV stabilizers market segments include:
By Type: Hindered Amine Light Stabilizers, UV Absorbers, Quenchers
By End-Use Industry: Architectural, Agriculture, Automotive, Furniture, Packaging, Others
By Application: Coatings, Adhesives and Sealants, Plastics, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the UV stabilizers market in 2020.
The UV stabilizer manufacturers are expanding into new geographical areas such as Latin America and Europe.
TBRC’s UV stabilizers market report covers:
Major Market Players: Addivant, BASF SE, Clariant AG, Solvay, Adeka Corporation, Songwon Industrial Ltd., Valtris Specialty Chemicals, ALTANA AG, Mayzo Inc., Lycus Ltd, Everlight Chemical Industrial Corp., Chitec Technology Co. Ltd., and SABO S.p.A.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The UV Stabilizers Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides UV stabilizers market overviews, analyses and forecasts market size, share, UV stabilizers market players, UV stabilizers market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s UV stabilizers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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