UV Light Stabilizers Market Will Reach USD 61.5 Million in North America By 2018

Transparency Market Research released a new market report titled “UV Light Stabilizer Market – North America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018,” which states that the UV light stabilizer demand in North America in 2012 was worth USD 44.9 million and is estimated to reach USD 61.5 million by the end of 2018, growing at a CAGR of 5.4% from 2012 to 2018. The U.S. dominated the North America UV light stabilizer market, accounting for close to 85% of the total demand in 2011.

UV stabilizers are segmented into two categories: hindered amine light stabilizers (HALS) and UV absorbers (UVA). With the help of these stabilizers different wood products are appropriately protected in wood coatings. Benzotriazole and Benzophenones act by absorption of UV light. They provide effective resistance to the wood products for short term exposures. These two categories are included amongst the two most widely used UV light absorbers in the market.

According to the market research study by Transparency Market Research, the report includes an in-depth value chain analysis of various components present in the UV light stabilizer market. The report includes a comprehensive comparison of the key brands along with vital ingredients in this market.

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Environmental legislation and economic slowdown impacts have majorly taken over as the two market drivers for UV light stabilizers. Due to the economic development across the U.S., construction and housing industry is expected to expand tremendously in the near future. This expansion will in turn drive the demand for UV light stabilizers and UV resistant wood coatings on a global level. Other additional growth drivers such as the increasing penetration of nanotechnology in the coatings industry, particularly for ZnO2 and TiO2 based nano-UV light stabilizers are all going to boost significant opportunities in the market in the next five years.

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Some of the prominent applications of UV light stabilizers estimated and analyzed in this market study include furniture, flooring, decking, and interiors, among others. The furniture and interiors application market for UV light stabilizers accounted for 23.3% share of total UV light stabilizer volume consumed in 2011, whereas, the decking and flooring market application dominated stabilizer consumption with 24.4% of the total demand in 2011. Other recovery and growing markets are the housing and residential sectors that are expected to drive the demand for UV light stabilizers globally.

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UV light stabilizers equipped in wood coatings are growing in popularity due to their rich content and effective UV resistance. The growth of these stabilizers is mainly noticed in the U.S. market. The growth is mainly driven by rising demands for UV resistant wood coatings from commercial, housing, construction, and other furniture industries. The U.S. was a leader in the UV light stabilizers market in North America, both in terms of consumption and production. This was followed by Mexico with 9.2% share in total volume consumption in 2011. Mexico is the next expected fastest growing market for UV light stabilizers estimated to grow at a CAGR of 6.6% from 2012 to 2018. Nevertheless, Mexico is still considered as an underdeveloped market for wood coatings.

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This release was published on openPR.