Ultraviolet Stabilizers Market Overview 2022 to 2030, Future Trends and Forecast | CAGR 7.8%

In accordance with the Ultraviolet Stabilizers market is set to grow at a CAGR of 7.8% over a forecast period (2022-2030).

UV stabilizers are equipment manufactured to avoid degradation caused by exposure to ultraviolet radiation. They act as a shield for short and long exposures to UV radiations of the sun. UV stabilizers market are gaining traction owing to its action as a coating to plastics which includes cosmetics and films to protect the substance from long-term UV degradation effects of ultraviolet radiation. 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 colour change, material strength loss, elongation and tensile strength properties or chalking of substances.

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The "Ultraviolet Stabilizers Market" Report includes qualitative and quantifiable insights into the major drivers, restraints, opportunities, and challenges affecting global market growth. The examination contains complete statistical market data on the major companies, as well as revenue forecasts. The Ultraviolet Stabilizers market study also includes information on the sales growth of many regional and country-level markets, as well as the competitive landscape and specific company analysis for the forecast period. The market report observes future growth aspects as well as the current status of market share, penetration of various types, technologies, applications, and geographies through 2030.

Ultraviolet Stabilizers Market Leading Players:

BASF SE, Songwon Industrial Co., Ltd., Clariant AG, Solvay SA, Altana AG, Adeka Corporation, Addivant, Valtris Specialty Chemicals, Lycus Ltd., Mayzo, Inc.

Recent Development:

In 2021,  SONGWON Industrial Co. Ltd extended their long-standing partnership for the SABO STAB HALS portfolio.

In 2019, BASF SE launched a new product under the Tinuvin series called NOR 31, used in greenhouse films in agriculture.

This Research Considers the following Regions on Prime focus:

North America (U.S., Canada)

Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)

Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Regional Overview:

The global market for UV stabilizers is expected to witness a significant growth in demand from the Asia-Pacific region. This is on account of the rise in new product development and expansion activities that have been undertaken by different companies for increasing their production capacity by the countries in the Asia-Pacific region mainly China, South Korea and Japan. Additionally, increasing population and rapid urbanization in these countries is enhancing the demand for packaged goods and automotive thereby, increasing the growth of the global UV stabilizers market during the forecast period. Rising investments by foreign companies, growing production facilities, strong industrial base for packaging and automotive sectors, and increasing standard of living are the other major factors contributing to the growth of the market for UV stabilizers in the region.

Global Ultraviolet Stabilizers Market Segmentation:

By type:

Hindered Amine Light Stabilizer (HALS)

UV Absorbers

Quenchers

By application:

Packaging

Automotive

Agriculture

Building and Construction

Adhesives and Sealants

Others

Year Considered Estimating the Market Size:

Historical Years: 2017-2021

Base Year: 2022

Estimated Year: 2022

Forecast Period: 2023-2030

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Report Aim and Scope:

An overview of the Ultraviolet Stabilizers market based on geographical scope, segmentation, and financial performance of key players is presented in the report.
The report presents the estimated Ultraviolet Stabilizers market size by the end of the forecast period. Additionally, the historical and current market size is also examined in the report.
Based on various indicators, the Year-on-Year Growth (%) and compound annual growth rate (CAGR) for the given forecast period are offered.
The report presents current trends in the industry and the future scope of the market in North America, Asia Pacific, Europe, Latin America, and Europe.
The various parameters accelerating the growth of the Ultraviolet Stabilizers market is incorporated in the research report.
The report analyzes the growth rate, market size, and valuation of the market during the forecast period.

Key Reasons to Purchase:

- To gain insightful analyses of the market and have a comprehensive understanding of the global market and its industrial landscape.

- To identify and analyze the profile of leading players operating in the global Ultraviolet Stabilizers market.

- To understand the most affecting driving and restraining forces in the market and their impact on the global market.

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