Global UV Stabilizers Market to Reach US$ 2,017.70 Million by 2028, Stimulated by Rising Trend of Environmental Sustainability

September 25, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “UV Stabilizers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global UV stabilizers market size reached US$ 1,473.30 Million in 2022. A UV stabilizer is a chemical substance specifically engineered to protect polymers from the harmful effects of ultraviolet (UV) radiation. These stabilizers are commonly divided into two main types, including UV absorbers and HALS (Hindered Amine Light Stabilizers). UV absorbers function by absorbing UV radiation and converting it into heat, which is then dissipated, while HALS neutralize free radicals generated during the oxidation process. UV stabilizers are integral for prolonging the lifespan, maintaining the color, and preserving the mechanical properties of various plastic products exposed to sunlight. Their application spans multiple industries, including automotive, construction, and consumer goods, making them indispensable for modern manufacturing.

Global UV Stabilizers Market Trends:

The global market is primarily driven by the growing demand from the automotive and construction sectors for polymers that are durable, long-lasting, and resistant to UV degradation. This is leading to a rise in the usage of UV stabilizers, especially in outdoor applications, such as roofing materials, window frames, and car interiors. In addition to this, the inflating disposable income and the rapid urbanization in emerging economies are contributing to the increased demand for consumer goods, many of which contain polymers requiring UV stabilization. In addition, the growing concern for environmental sustainability is positively influencing the market. This is propelling the development of eco-friendly UV stabilizers that meet stringent regulatory requirements without compromising performance. Furthermore, continual advancements in technology are further fostering market growth by introducing more efficient and cost-effective UV stabilizing solutions. Looking forward, the market value is projected to reach US$ 2,017.70 Million by 2028, expanding at a CAGR of 5.50% during 2023-2028.

Market Summary:

Based on the type, the market has been segmented into UV absorbers, hindered amine light stabilizers (HALS), quenchers, and antioxidants. Currently, hindered amine light stabilizers (HALS) dominate the market, holding the largest share.
On the basis of the end user, the market is divided into packaging, automotive, agriculture, building and construction, adhesives and sealants, and others. At present, packaging accounts for the largest segment.
Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Among these, the Asia Pacific region holds the leading position in the total market share.
The competitive landscape of the market has also been examined, with some of the key players being Adeka Corporation, BASF SE, Clariant Ag, Everlight Industrial Chemical Co., Evonik Industries AG (RAG-Stiftung), Lycus Ltd., Mayzo Inc., MPI Chemie B.V., Sabo S.p.A., SI Group, Inc., Solvay S.A, Songwon Industrial Co Ltd, and Valtris Specialty Chemicals Inc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Million
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Type End User Region
Types Covered	UV Absorbers, Hindered Amine Light Stabilizers (HALS), Quenchers, Antioxidants
End Users Covered	Packaging, Automotive, Agriculture, Building and Construction, Adhesives and Sealants, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Adeka Corporation, BASF SE, Clariant Ag, Everlight Industrial Chemical Co., Evonik Industries AG (RAG-Stiftung), Lycus Ltd., Mayzo Inc., MPI Chemie B.V., Sabo S.p.A., SI Group, Inc., Solvay S.A, Songwon Industrial Co Ltd, Valtris Specialty Chemicals Inc. etc.
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Global UV Stabilizers Market to Reach US$ 2,017.70 Million by 2028, Stimulated by Rising Trend of Environmental Sustainability

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