Growth opportunities in the UV Stabilizers Market look promising over the next six years. This is mainly due to the increasing awareness of UV repellent products and their accelerating number of endorsement in the automotive sector.
UV Stabilizers Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
One of the crucial drivers responsible for the growth of the UV stabilizers market includes their augmenting acquisition in the automotive industry to improve their components. For example, Solvay manufacturers UV stabilizers are employed in automotive including bumpers, door panels, and door trims, as it is more solid and durable, thus fulfilling all the industry’s requirements. Additionally, constant innovation in these stabilizers to be implemented in the building and construction sector further stimulates the market growth. For example, Solvay introduced new solutions to provide UV8+ protection for building and construction, which will allure more consumers to the market. Also, the surging awareness in customers related to the UV resistant or UV impermeable products further adds to the market growth. The preference towards Nanotechnology, one of the evolving technological expansions in the coating industry, has raised the demand for zinc oxide-based nano UV light stabilizers. Moreover, the growing acquisition of these stabilizers in industrial and commercial applications boosts the market growth. The increasing persistence of greenhouse film as it is considered 30% more effective and simple to install is further promoting the growth of the industry. However, high reactivity additives, especially in antioxidants, lead to several problems, and degradation and immense VOC emissions may hamper the market growth.
Regional Drivers
Based on the regional coverage, Asia Pacific is projected to lead the market over the forecast period. China was the leading producer of cars and other cars’ accessories in 2019, thus leading to more demand. China is experiencing fast growth in the construction sector with a massive need for these stabilizers owing to the country’s robust labor force. The rapid growth of the nation’s packaging industry and the ongoing R&D activities for packaging products bolsters market growth. Moreover, the construction and development industry still holds a significant share over the market. Thus, all this together is driving the market growth.
UV Stabilizers Market’s leading Manufacturers:
- ALTANA
- Lycus Ltd. LLC
- Valtris Specialty Chemicals
- Chitec Technology Co., Ltd.
- Ampacet Corporation
- Addivant
- ADEKA CORPORATION
- Everlight Chemical Industrial Co.
- Phoenix Plastics
- KNV Chemicals Inc.
UV Stabilizers Market Segmentation:
Segmentation by Type
- UV Absorber
- Quenchers
- Hindered Amine Light Stabilizers
- Others
Segmentation by Application
- Packaging
- Automotive
- Agricultural Films
- Building and Construction
- Adhesives & Sealants
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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