Press release
UV Light Stabilizer Market - North America Industry Analysis 2018
The UV light stabilizer market is expected to be influenced by economic slowdown and environmental legislations. Moreover, use of UV resistant wood coating helps extend life span of wood products and thus lowers the expenditure on renovation and repairs. Wood coatings with UV light stabilizers are growing in popularity due to their high solid content and effective UV resistance.
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The UV light stabilizer market in North America was valued at USD 42.4 million in 2011 which is expected to reach USD 61.5 million by 2018, growing at a CAGR of 5.4% from 2012 to 2018. Decking, flooring, furniture and interior are the major application areas of UV light stabilizers. Decking and flooring are the most attractive application markets of UV light stabilizers for wood coatings. The relatively frequent maintenance requirements of wood decking and flooring is expected to keep mobilizing demand for UV light resistant wood coatings.
The UV light stabilizer market of North America is segmented based on geography. The U.S. represents the largest and most important market for the UV light stabilizer additives industry. Mexico is the underdeveloped market for UV light stabilizers; however with the growth in the economy it is expected to exhibit fastest growth in the UV light stabilizer market in North America. Increase in demand for high value, high performance and eco-friendly wood coatings is driving the demand for UV light stabilizers in North America.
BASF SE, AkzoNobel NV, Akcros Chemicals, BYK, Clariant Ltd., Chemtura Corp., and Everlight Chemical are some of the major manufacturers of UV light stabilizers.
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