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UV Stabilizers Market 2025: Analysis by Current Insights, Future Dynamics and Innovative Strategies by 2028

01-17-2025 07:46 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

Browse 326 market data Tables and 50 Figures spread through 266 Pages and in-depth TOC on "UV Stabilizers Market"

Browse 326 market data Tables and 50 Figures spread through 266 Pages and in-depth TOC on "UV Stabilizers Market"

The UV stabilizers market is poised for significant growth, driven by rising demand for durable and weather-resistant materials in industries like packaging, automotive, and construction. Advancements in eco-friendly stabilizers further enhance market potential, supporting sustainability trends globally.
In terms of value, the UV stabilizers market is estimated to grow from USD 1.3 billion in 2022 to USD 1.8 billion by 2028, at a CAGR of 5.7%. The report covers UV stabilizers market size [https://www.marketsandmarkets.com/Market-Reports/uv-stabilizer-market-122183376.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=uvstabilizer], recent trends, growth projections, market share, and development status. Additionally, it examines government policies, market dynamics, cost structures, and the competitive landscape. This research also evaluates the market's current standing and growth potential over the forecast period. UV stabilizers are additives used in the production of plastics, coating, textiles and other materials to protect them from harmful UV radiations caused by the sun. These materials are often used in outdoor applications where they are exposed to sunlight for a longer duration of time, including construction, automotive and agricultural films.

UV stabilizers are used in various construction industry products. When exposed to sunlight for extended periods of time, building materials like plastics, coatings, paints, adhesives, and sealants are vulnerable to UV damage. UV stabilizers aid in the preservation of these material's structural integrity, colour, and physical characteristics, ensuring long-lasting performance even in adverse outdoor conditions. The increasing urbanization brought on by the expanding world population necessitates more homes, infrastructure, and commercial structures. This is increasing the demand for UV stabilizers in building & construction application.

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UV Stabilizers Companies

The key players profiled in the report include BASF SE (Germany), Evonik Industries AG (Germany), SONGWON Industrial Co. Ltd., (South Korea), Clariant AG (Switzerland), Solvay S.A. (Belgium), Unitechem Group (China), and Everlight Chemical Industrial Corporation (Taiwan). The UV stabilizers market is witnessing growth in the past few years; new technologies drive the growth of this market. Market players are introducing new technologies and features to acquire larger market shares.

BASF SE is among the largest chemicals-producing companies across the globe. The company operates through seven business segments: chemical, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions and others. BASF SE offers UV stabilizers under the performance chemicals division, a subcategory of the industrial solutions segment. The company has customers in over 190 countries and supplies to various end-use industries such as chemicals, plastics, consumer goods, energy and resources, and automotive and transportation. The company has subsidiaries in 80 countries and joint ventures with 30 companies and operates 390 production sites in continents such as North America, Europe, South Africa, Africa, and the Middle East.

Evonik Industries AG, is a German multinational specialty chemicals company headquartered in Essen, Germany. Evonik operates in a variety of industries including chemical, energy, nutrition, and health. The company operates through five business segments: smart materials, specialty additives, nutrition & care, performance materials, and technology & infrastructure. Evonik manages its UV stabilizers manufacturing and commercialization processes under the specialty additives segment. The company produces key raw materials used in the synthesis of UV stabilizers. It also deals with the manufacturing of UV stabilizers used in coatings, packaging, and adhesives. Evonik has established production facilities in 26 countries worldwide and holds a strong market position in more than 100 countries worldwide.

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HALS is projected to register the highest CAGR, in terms of value, of the global UV stabilizers during the forecast period.

HALS is projected to register the highest CAGR in terms of both value and volume, during the forecast period. Due to their excellent thermal stability and low volatility, which allow them to survive high temperatures and maintain their effectiveness for longer periods of time, HALS UV stabilizers are favoured in automotive applications. They function by scavenging free radicals produced as a result of UV exposure, which helps stop the material from deteriorating. The use of HALS UV stabilizers can help extend the lifespan of car components as well as maintain their appearance and performance over time.

Automotive is estimated to be the second-largest application of the UV stabilizers, in terms of value, during the forecast period.

The automotive segment is estimated to be the second-largest application of the UV stabilizers market during the forecast period. UV stabilizers have become a popular choice for automotive due to their effectiveness in protecting automotive coatings and plastics from UV radiation damage, which can help improve the longevity and durability of automotive components. The global automotive industry is also influenced by various trends such as the shift towards electric and hybrid vehicles, increasing demand for connectivity and autonomous driving features, and the growing popularity of shared mobility services. All these factors drive the demand for UV stabilizers in automotive application.

Asia Pacific is estimated to be the largest market for the UV stabilizers market, in terms of value, during the forecast period.

Asia Pacific is the largest and fastest-growing UV stabilizers market. Asia uses plastic packaging extensively, with nations like China and India making significant contributions through their food and beverage industries. Over the past few years, the packaging sector has been a significant driver of innovation and technology in the country, bringing value to a variety of production sectors, including agriculture and fast-moving consumer (FMCG) segments. Also increasing demand for upgraded and advanced vehicles in developing countries like India, and China is fueling the market for UV stabilizers in automotive application.

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About MarketsandMarkets Trademark

MarketsandMarkets Trademark has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=uv-stabilizers-market-2025-analysis-by-current-insights-future-dynamics-and-innovative-strategies-by-2028]
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