November 7, 2024

UV Stabilizers Market Size to Garner USD 2.72 Billion by 2032

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.

UV Stabilizers Market Size 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.

The UV stabilizers market revolves around substances that prevent or minimize the degradation of materials caused by ultraviolet (UV) radiation. UV rays can have detrimental effects on various products, from plastics and polymers to coatings and textiles. UV stabilizers are like shields, safeguarding these materials from the harmful impact of sunlight. As industries seek longevity and durability for their products, the demand for UV stabilizers has surged. This market involves the production, distribution, and application of these stabilizing agents, playing a crucial role in preserving the quality and lifespan of diverse materials in the face of relentless sun exposure

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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

Regional Snapshot

The Asia-Pacific region is poised for rapid expansion, particularly in the UV stabilizers market. This growth is fueled by robust industrial development and a rising demand for outdoor products. Notably, there’s a surge in the requirement for UV-resistant materials, especially in construction and agriculture. Additionally, there’s a discernible shift towards sustainable UV stabilizer solutions, aligning with global environmental concerns. This trend not only fosters market growth but also drives innovation.

UV Stabilizers Market Share, By Region, 2022 (%)

Meanwhile, in the European UV stabilizers market, there’s a strong focus on sustainability and innovation. Industries are increasingly adopting eco-friendly UV stabilizer formulations to comply with stringent environmental regulations and meet the expectations of a conscientious consumer base. Ongoing research and development efforts in the region contribute to advanced UV stabilizer technologies, providing enhanced UV protection and versatility. This positions Europe as a dynamic hub in the UV stabilizers market, addressing the evolving needs of sectors like construction and automotive.

Recent Developments

  • In 2022, Henkel Korea announced the successful completion of its Songdo Plant, strategically located in the Songdo High-Tech Industrial Cluster in Incheon. This facility is poised to serve as the primary Asia-Pacific production hub for high-impact electronics solutions within the Adhesive Technologies business unit.
  • In 2022, Solvay unveiled an innovative UV-C stabilizer range designed for polyolefin surfaces, targeting hygiene applications combating COVID and hospital-acquired infections. This unique technique, the first addressing UV-C radiation’s impact on polyolefin, mitigates deterioration, discoloration, and microcrack formation, marking a milestone for the polyolefin industry.
  • In 2022, BASF SE disclosed plans to expand hindered amine light stabilizers (HALS) production, encompassing products like Tinuvin, Chimassorb, and Uvinul, at its manufacturing sites in Pontecchio Marconi, Italy, and Lampertheim, Germany.

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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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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