The global UV stabilizers market size was estimated to be around US$ 1.5 billion in 2022. It is projected to reach US$ 2.72 billion by 2032, indicating a CAGR of 6.20% from 2023 to 2032.
Key Takeaways
- North America contributed more than 37% of revenue share in 2022.
- Asia-Pacific region is estimated to expand the fastest CAGR between 2023 and 2032.
- By Type, the UV Absorbers segment has held the largest market share of 41% in 2022.
- By Type, the Hindered Amine Light Stabilizers segment is anticipated to grow at a remarkable CAGR of 7.5% between 2023 and 2032.
- By End User Industry, the Packaging segment generated over 38% of revenue share in 2022.
- By End User Industry, the Automotive segment is expected to expand at the fastest CAGR over the projected period.
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Growth Factors
The UV Stabilizers market has experienced significant growth in recent years, driven by the escalating demand for UV-resistant materials across various industries. UV stabilizers are additives incorporated into plastics, coatings, and other products to enhance their resistance to ultraviolet radiation, preventing degradation and ensuring prolonged durability.
The growth of this market is primarily attributed to the expanding applications in sectors such as automotive, construction, packaging, and agriculture. With the increasing awareness of the detrimental effects of UV radiation on materials, there is a rising emphasis on incorporating UV stabilizers to extend the lifespan and performance of end products. Technological advancements, coupled with a surge in research and development activities, contribute to the continuous evolution of UV stabilizers, further propelling the market’s growth. As industries continue to prioritize sustainability and longevity of their products, the UV stabilizers market is expected to witness sustained expansion in the foreseeable future.
UV Stabilizers Market Scope
Report Coverage | Details |
Growth Rate from 2023 to 2032 | CAGR of 6.20% |
Market Size in 2023 | USD 1.58 Billion |
Market Size by 2032 | USD 2.72 Billion |
Largest Market | North America |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Segments Covered | By Type and By End-User Industry |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Read More: Specialty Insurance Market Size To Attain USD 282.87 Billion By 2032
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
UV Stabilizers Market Players
- BASF SE
- Clariant AG
- Solvay S.A.
- Songwon Industrial Co., Ltd.
- Addivant
- Altana AG
- Evonik Industries AG
- Cytec Industries Inc.
- Mayzo Inc.
- Akcros Chemicals Ltd.
- Lycus Ltd.
- Everlight Chemical Industrial Corporation
- Ampacet Corporation
- Chemtura Corporation
- Everspring Chemical Co., Ltd.
Segments Covered in the Report
By Type
- UV Absorbers
- Hindered Amine Light Stabilizers
- Quenchers
- Antioxidants
- Others
By End-User Industry
- Packaging
- Automotive
- Agriculture
- Building and Construction
- Adhesives and Sealants
- Other End-User Industries
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on UV Stabilizers Market
5.1. COVID-19 Landscape: UV Stabilizers Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global UV Stabilizers Market, By Type
8.1. UV Stabilizers Market Revenue and Volume, by Type, 2023-2032
8.1.1. UV Absorbers
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Hindered Amine Light Stabilizers
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Quenchers
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Antioxidants
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
8.1.5. Others
8.1.5.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global UV Stabilizers Market, By End-User Industry
9.1. UV Stabilizers Market Revenue and Volume, by End-User Industry, 2023-2032
9.1.1. Packaging
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Automotive
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Agriculture
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
9.1.4. Building and Construction
9.1.4.1. Market Revenue and Volume Forecast (2020-2032)
9.1.5. Adhesives and Sealants
9.1.5.1. Market Revenue and Volume Forecast (2020-2032)
9.1.6. Other End-User Industries
9.1.6.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global UV Stabilizers Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.1.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.1.3.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.1.4.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.3.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.4.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.5.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.6.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.3.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.4.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.5.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.6.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.3.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.4.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.5.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.6.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.5.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.5.3.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.5.4.2. Market Revenue and Volume Forecast, by End-User Industry (2020-2032)
Chapter 11. Company Profiles
11.1. BASF SE
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Clariant AG
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Solvay S.A.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Songwon Industrial Co., Ltd.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Addivant
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Altana AG
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Evonik Industries AG
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Cytec Industries Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Mayzo Inc.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Akcros Chemicals Ltd.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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