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By 2030, the global market for UV stabilisers is projected to be worth $2.69 billion, representing a CAGR of 6.9% between 2022 and 2030.
Protecting wood or plastic against the damaging effects of sunlight over time is the job of UV stabilisers. Polymers undergo photo-degradation when subjected to ultraviolet light. As a result, the material weakens, loses colour, elasticity, and tensile strength, and chalks. For instance, chairs kept in gardens might grow brittle and lose their glossiness, while those left in open stadiums may become chalky or even break into fragments. UV light stabilisers are used by manufacturers to protect UV-exposed components and lessen losses and damage.
Global UV Stabiliser Market and the Effects of COVID 19
Due to the large number of organisations across the world that use remote workers, the COVID 19 epidemic has had a profound effect on the UV stabilisers market. As a result, there has been a drop in tourism, which in turn has reduced the need for lightweight stabilisers. Although businesses have temporarily shut down because of the COVID 19 pandemic, the UV stabilisers market is expected to continue growing at a healthy rate, with a large number of shipments that will be unaffected, in the years after 2020. However, time and shipping costs have had less of an effect on the purchase of raw materials by the major competitors in the industry. The growing interest in the epidemic has also drawn attention to the rising investment in the creation of smart cities. Furthermore, after the pandemic era, demand for UV stabilisers is predicted to surge. The extra display options and price concerns have prompted market players to shift their attention to expanding the market for UV stabilisers. However, the pandemic has opened up a number of promising new avenues for growth in the worldwide UV stabilisers market over the next few years.
Market-Driving Factors
Degradation and discoloration due to prolonged exposure to UV light. In addition, it helps down the pace at which lignin is lost from wood. In addition to protecting the wood's structural integrity, these compounds assist diminish environmental impacts such those caused by volatile organic compound (VOC) emissions, which in turn reduces ozone depletion. Increasing construction investment in emerging economies like Vietnam, Malaysia, Indonesia, India, China, Brazil, and Russia is expected to boost the growth of the market. There is a wide variety of UV light stabilisers to choose from, each tailored to a certain set of uses and end-use industries. UV absorbers are commonly used in applications with short exposure intervals because they are a more cost-effective material. The increase of agricultural activities, on the other hand, is expected to boost demand for quencher, which is mostly used in agricultural application zones.
Important Problems in the Market
The rising level of UV radiations owing to the depletion of ozone layer, which affects various materials like wood and plastics, is one factor that is slowing the expansion of the UV stabilisers market. Plastics are more affordable alternatives to more conventional building supplies. As a result, plastics are becoming increasingly commonplace in the building industry. However, the expensive price of UV stabilisers is restricting market expansion.
The global market for UV stabilisers is broken down by product type into HALS (hindered amine light stabilisers), QABS (quenchers of blue light), ABAs (absorbers of blue light), and mixes. Among them, the market share held by Hindered Amine Light Stabilisers (HALS) is expected to grow at the highest rate throughout the anticipated time frame. The success of the technology in a number of fields has contributed to its rapid expansion. For instance, HALS can prevent polymer breakdown by neutralising the free radicals produced during the oxidation process. In addition, HALS are effective polymer stabilisers for polyolefins, meaning they assist maintain the integrity of the polymer and not just absorb UV light. The increased demand for HALS across the industry is being driven by all of these causes.
The global market for UV stabilisers can be broken down into several submarkets based on where those products will ultimately be used. The packaging industry is expected to maintain its dominant position in this group. Protection from ultraviolet (UV) radiation is essential for polymer-based products because UV rays can disrupt molecular chemical bonds, releasing reactive radicals that can harm other molecules. In fact, numerous businesses have introduced innovative offerings to curb packaging deterioration. The segment's rapid expansion can largely be attributed to these factors.
Report Coverage
Global UV Stabilizers research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global UV Stabilizers report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and UV Stabilizers competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key UV Stabilizers market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global UV Stabilizers market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, UV Stabilizers market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
KNV Chemicals Inc., Ampacet Corporation, Phoenix Plastics, Chitec Technology Co., Ltd., Everlight Chemical Industrial Co., Valtris Specialty Chemicals, ADEKA CORPORATION, Lycus Ltd., Addivant, ALTANA AG, SONGWON, Evonik Industries AG, LANXESS, Solvay, BASF SE, Clariant, SABO S.p.A., Baoding Lucky Chemical CO., LTD., MPI Chemie BV RIVERDALE GLOBAL LLC, Akzo Nobel N.V.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global UV Stabilizers market based on the below-mentioned segments:
Global UV Stabilizers Market, By Type
Hindered Amine Light Stabilizers (HALS)
UV absorbers
Quenchers
Blends
Global UV Stabilizers market, By Application
Furniture and Interiors
Decking and Flooring
Packaging
Others
Global UV Stabilizers market, Regional Analysis
Protecting wood or plastic against the damaging effects of sunlight over time is the job of UV stabilisers. Polymers undergo photo-degradation when subjected to ultraviolet light. As a result, the material weakens, loses colour, elasticity, and tensile strength, and chalks. For instance, chairs kept in gardens might grow brittle and lose their glossiness, while those left in open stadiums may become chalky or even break into fragments. UV light stabilisers are used by manufacturers to protect UV-exposed components and lessen losses and damage.
Global UV Stabiliser Market and the Effects of COVID 19
Due to the large number of organisations across the world that use remote workers, the COVID 19 epidemic has had a profound effect on the UV stabilisers market. As a result, there has been a drop in tourism, which in turn has reduced the need for lightweight stabilisers. Although businesses have temporarily shut down because of the COVID 19 pandemic, the UV stabilisers market is expected to continue growing at a healthy rate, with a large number of shipments that will be unaffected, in the years after 2020. However, time and shipping costs have had less of an effect on the purchase of raw materials by the major competitors in the industry. The growing interest in the epidemic has also drawn attention to the rising investment in the creation of smart cities. Furthermore, after the pandemic era, demand for UV stabilisers is predicted to surge. The extra display options and price concerns have prompted market players to shift their attention to expanding the market for UV stabilisers. However, the pandemic has opened up a number of promising new avenues for growth in the worldwide UV stabilisers market over the next few years.
Market-Driving Factors
Degradation and discoloration due to prolonged exposure to UV light. In addition, it helps down the pace at which lignin is lost from wood. In addition to protecting the wood's structural integrity, these compounds assist diminish environmental impacts such those caused by volatile organic compound (VOC) emissions, which in turn reduces ozone depletion. Increasing construction investment in emerging economies like Vietnam, Malaysia, Indonesia, India, China, Brazil, and Russia is expected to boost the growth of the market. There is a wide variety of UV light stabilisers to choose from, each tailored to a certain set of uses and end-use industries. UV absorbers are commonly used in applications with short exposure intervals because they are a more cost-effective material. The increase of agricultural activities, on the other hand, is expected to boost demand for quencher, which is mostly used in agricultural application zones.
Important Problems in the Market
The rising level of UV radiations owing to the depletion of ozone layer, which affects various materials like wood and plastics, is one factor that is slowing the expansion of the UV stabilisers market. Plastics are more affordable alternatives to more conventional building supplies. As a result, plastics are becoming increasingly commonplace in the building industry. However, the expensive price of UV stabilisers is restricting market expansion.
The global market for UV stabilisers is broken down by product type into HALS (hindered amine light stabilisers), QABS (quenchers of blue light), ABAs (absorbers of blue light), and mixes. Among them, the market share held by Hindered Amine Light Stabilisers (HALS) is expected to grow at the highest rate throughout the anticipated time frame. The success of the technology in a number of fields has contributed to its rapid expansion. For instance, HALS can prevent polymer breakdown by neutralising the free radicals produced during the oxidation process. In addition, HALS are effective polymer stabilisers for polyolefins, meaning they assist maintain the integrity of the polymer and not just absorb UV light. The increased demand for HALS across the industry is being driven by all of these causes.
The global market for UV stabilisers can be broken down into several submarkets based on where those products will ultimately be used. The packaging industry is expected to maintain its dominant position in this group. Protection from ultraviolet (UV) radiation is essential for polymer-based products because UV rays can disrupt molecular chemical bonds, releasing reactive radicals that can harm other molecules. In fact, numerous businesses have introduced innovative offerings to curb packaging deterioration. The segment's rapid expansion can largely be attributed to these factors.
Report Coverage
Global UV Stabilizers research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global UV Stabilizers report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and UV Stabilizers competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key UV Stabilizers market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | KNV Chemicals Inc., Ampacet Corporation, Phoenix Plastics, Chitec Technology Co., Ltd., Everlight Chemical Industrial Co., Valtris Specialty Chemicals, ADEKA CORPORATION, Lycus Ltd., Addivant, ALTANA AG, SONGWON, Evonik Industries AG, LANXESS, Solvay, BASF SE, Clariant, SABO S.p.A., Baoding Lucky Chemical CO., LTD., MPI Chemie BV RIVERDALE GLOBAL LLC, Akzo Nobel N.V. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of UV Stabilizers Market from 2021 to 2030.
- Market Forecast for UV Stabilizers Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, UV Stabilizers competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on UV Stabilizers
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global UV Stabilizers market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, UV Stabilizers market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
KNV Chemicals Inc., Ampacet Corporation, Phoenix Plastics, Chitec Technology Co., Ltd., Everlight Chemical Industrial Co., Valtris Specialty Chemicals, ADEKA CORPORATION, Lycus Ltd., Addivant, ALTANA AG, SONGWON, Evonik Industries AG, LANXESS, Solvay, BASF SE, Clariant, SABO S.p.A., Baoding Lucky Chemical CO., LTD., MPI Chemie BV RIVERDALE GLOBAL LLC, Akzo Nobel N.V.
Primary Target Market
- Market Players of UV Stabilizers
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global UV Stabilizers market based on the below-mentioned segments:
Global UV Stabilizers Market, By Type
Hindered Amine Light Stabilizers (HALS)
UV absorbers
Quenchers
Blends
Global UV Stabilizers market, By Application
Furniture and Interiors
Decking and Flooring
Packaging
Others
Global UV Stabilizers market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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