UV Stabilizers Market 2023 Trends, Share, Size, Growth, Opportunity and Forecast to 2031

UV Stabilizers Market

The growth of the UV stabilizers market can be attributed to the increasing demand for UV-resistant plastics and coatings in various end-use industries, such as automotive, construction, and packaging. UV stabilizers are used in plastics and coatings to protect them from the harmful effects of UV radiation. They are also used to improve the physical and chemical properties of plastics and coatings. UV stabilizers are widely used in the production of PVC, polyethylene (PE), and other UV-exposed plastics.

The growing demand for UV-resistant plastics and coatings from end-use industries, such as automotive and construction is driving the growth of the UV stabilizers market. In addition, plastic packaging has become popular due to its light weight, cost efficiency, and durability that is also driving UV stabilizers market growth. Furthermore, rising awareness about energy conservation and UV protection among consumers is expected to boost UV stabilizer demand.

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However,the market may face some restraints due to higher raw material costs and stringent regulations on hazardous materials like benzophenone which are used in UV stabilizers. Thus manufacturers are investing in research and development activities to develop UV stabilizers that are not hazardous but still offer UV protection.

Overall, the UV stabilizers market is expected to witness healthy growth over the forecast period due to increasing demand from end-use industries, technological advancements in UV stabilizer production, and rising awareness about UV protection.

UV Stabilizers Market: Drivers and Restraints

The UV Stabilizers find their major application for the packaging of food & beverages and nonfood products across all parts of the globe. The ability of the UV stabilizers to impart retention properties to the packaging material to maintain quality and durability of packaging materials on exposure to sunlight, harsh climate conditions, and long-term durability is the major factor driving the UV stabilizers market.

The UV protection required for polyethylene terephthalate (PET) fibers will also be one of important end use segment within packaging sector. The key factor driving global UV stabilizers market is rising for low cost raw materials such as plastic and wooden materials requiring coating of UV stabilizers for imparting high thermal stability.

Key Players- 

  • BASF SE
  • Songwon Industrial Co., Ltd.
  • Clariant AG
  • Solvay SA
  • Altana AG
  • Adeka Corporation
  • Addivant
  • Valtris Specialty Chemicals
  • Lycus Ltd.
  • Mayzo, Inc. and more

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The UV stabilizers market is segmented into UV absorbers, UV inhibitors, and UV blockers on the basis of type.

UV absorber’s use organic compounds to absorb UV light, while UV inhibitors are used to protect the product against UV degradation. UV blockers are used to reflect or scatter UV radiation away from the surface of the product. The UV absorbers segment held a largest share in the global UV stabilizers market and is expected to continue its dominance over the forecast period due to their wide applications across various end-use industries such as automotive, plastics, building & construction and packaging.

UV Stabilizers Market: Segmentation

On the basis of type      

  • HALS (Hindered Amine)
  • UV Absorber
  • Quenchers

On the basis of application         

  • Packaging
  • Automotive
  • Agriculture
  • Building & Construction
  • Adhesives & Sealants
  • Plastics
  • Others

UV Stabilizers Market: Region-Wise Outlook

North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, the Middle East, and Africa are the seven primary regions that make up the worldwide UV Stabilizers market (MEA). The market for UV stabilisers is anticipated to increase significantly over the next few years in Western Europe, Japan, and North America, spurred by the expanding use of nanotechnology, which will present major opportunities for industry participants in the developed nations.

Due to the quickly expanding manufacturing base and rising number of end user industry vertical players in the developing economies of this area, including China, Taiwan, and India, the APEJ is anticipated to have significant expansion. Over the forecast, the MEA, Latin America, and Eastern Europe are also anticipated to post robust CAGRs.

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Key Stakeholders
UV Stabilizers Market Manufacturers
UV Stabilizers Market Distributors/Traders/Wholesalers
UV Stabilizers Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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