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UV Stabilizers Market by Type, Application & by Geography - 2023
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Prolonged exposure of plastics and polymers to UV rays may result in photo-degradation. Photo-degradation process occurs during prolonged exposure of a polymer to UV-radiations thereby, deteriorating the physical properties of the substance such as color change, material strength loss, elongation and tensile strength properties or chalking of substances.
UV stabilizers such as absorbers, hindered amine light stabilizers (HALS) and quenchers are widely deployed in applications including coating substrates for flooring, decking, furniture, and interior and exterior parts of automobile.
HALs are effective for light stabilization of polyolefins, coatings, styrene polymers, polyamides, polyurethanes, polyacetals, adhesives and sealants. They limit the photodegrading process, provide durability and long shelf life. HALS find applications in extrusion, blow molding, fibers, films, tapes and injection molding.
The key trend observed in the global UV stabilizers market is the on-going development in infrastructure which has led to companies opting for low cost raw materials such as plastic and wooden materials.
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The key players operating in the global UV stabilizers market are BASF SE, Clariant International Ltd., Cytec Industries, Inc., Evonik Industries AG, Songwon Industrial Co., Ltd., ALTANA AG, Chemtura Corporation, Addivant, Lycus Ltd and Mayzo, Inc.
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