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Global UV Stabilizers Market - By Size, Share Analysis, Growth Trends And Forecasts 2024-2033
Global UV Stabilizers Market
As per the report, the uv stabilizers market size has grown strongly in recent years. It will grow from $1.68 billion in 2023 to $1.81 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The uv stabilizers market size is expected to see strong growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
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Automotive And Packaging Industries Drive Growth In The Uv Stabilizers Market
The increase in the production of vehicles by the automotive industry and the use of packaging contributed to the growth of the market. Due to the increasing population along with the improved standard of living and urbanization, there is a growing demand for automobiles. The automotive industry manufactures lightweight vehicles utilizing plastic materials along with UV stabilizers to promote the durability of vehicles' components. Automotive manufacturers are expanding in China, India, and European countries. As per OICA, the number of vehicles produced in China is 25.72 million, the USA is 10.88 million, Japan is 9.68 million, Germany is 4.66 million, and India is 4.51 million. Moreover, the growing population demands well-packed food, well-constructed houses, and cars. The United Nation projected that the world's population is expected to reach 9.7 billion by 2050. The increasing awareness about UV rays, increased the adoption of UV stabilizers to protect materials from degradation and improve their strength, thereby driving the market.
Innovative Uv-C Stabilizers Revolutionize The Uv Stabilizer Market For Enhanced Polyolefin Protection
Major companies operating in the UV stabilizers market are increasing their focus on introducing innovative UV stabilizers, such as UV-C spectrum, to gain a competitive edge in the market. UV-C stabilizers are a type of additive used to protect polyolefin surfaces from degradation and discoloration caused by exposure to UV radiation in the UV-C spectrum. For instance, in July 2022, Solvay S.A., a Belgium-based chemical company, launched UV-C stabilizers designed for use in hygiene applications where polyolefin surfaces are treated with ultraviolet (UV) light in the UV-C spectrum (200-280 nm) to fight against COVID-19 and hospital-acquired infections. This new proprietary stabilization technology is a significant milestone for the polyolefin industry as it is the first to address the risks of polyolefin degradation, discoloration, and micro-cr*ack formation, which are caused by frequent exposure to UV-C irradiation.
The uv stabilizers market covered in this report is segmented -
1) By Type: Hindered Amine Light Stabilizers, UV Absorbers, Quenchers
2) By End-Use Industry: Architectural, Agriculture, Automotive, Furniture, Packaging, Other End-Use Industries
3) By Application: Coatings, Adhesives and Sealants, Plastics, Other Applications
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Major companies operating in the uv stabilizers market include Addivant LLC, BASF SE, Clariant AG, Solvay S.A., Adeka Corporation, Songwon Industrial Co. Ltd., Valtris Specialty Chemicals Limited, ALTANA AG, Mayzo Inc., Lycus Ltd., Everlight Chemical Industrial Corp., Chitec Technology Co. Ltd., SABO S.p.A., Eastman Chemical Company, Evonik Industries AG, MPI Chemie BV, Noroo Chemical Co. Ltd., AkzoNobel N.V., Ampacet Corporation, Ashland Global Holdings Inc., Chemtura Corporation, Cytec Solvay Group, Everlight Americas Inc., Huntsman Corporation, IGM Resins B.V., Lambson Limited, Milliken & Company, Omnova Solutions Inc., Wanhua Chemical Group Co. Ltd., Unitechem Co. Ltd.
Contents of the report:
1. Executive Summary
2. UV Stabilizers Market Report Structure
3. UV Stabilizers Market Trends And Strategies
4. UV Stabilizers Market - Macro Economic Scenario
5. UV Stabilizers Market Size And Growth
…..
27. UV Stabilizers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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