Global UV Stabilizers Market is expected to grow at a 5.34 % CAGR

Global UV Stabilizers Market is expected to grow owing to Rising consumption of UV stabilizers in the polymer industry and increasing demand for UV stabilizers from wood coatings.

 According to TechSci Research report, “UV Stabilizers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global UV Stabilizers Market is expected to register 5.34% growth during the forecast period.

Based on End-User Industry, the Automotive segment is expected to dominate the market during the forecast period. Some of the major application areas of UV stabilizers in automobiles include interior parts (door cladding, trim, window frame, center console, etc.) and exterior parts (bumper, bracket, side molding, etc.). According to the International Organization of Motor Vehicle Manufacturers (OICA), the total production of cars and vehicles globally in 2022 was 85.01 million units, compared to 80.14 million units in 2021. Additionally, according to S&P Global Mobility, global passenger car production reached 68.16 million units in 2022, an increase of 7.9% from the same period in the previous year. The Asia-Oceania and Americas regions recorded automotive production of 46.73 million and 16.15 million units in 2021, respectively, registering an increase of 6% and 3% compared to 2020. However, Europe recorded a production of 16.34 million units in 2021, a decrease of 4% from the production achieved in 2020. ​Emerging countries like Argentina, Indonesia, Morocco, Ukraine, and Thailand saw an increase in automotive production of over 10% over the previous year. There were 7.8 million electric vehicles sold worldwide in 2022, a 68% increase from 2021, the Wall Street Journal reported, citing preliminary research from the automotive research groups LMC Automotive and EV-Volumes. According to these reports, electric vehicles accounted for 10% of global auto sales in 2022. Some researchers predict the EV industry's market share is expected to double or even quadruple by 2030. Hence, such factors from the automotive sector are likely to significantly impact the demand for the market studied in the coming years.

Browse over XX market data Figures spread through 186 Pages and an in-depth TOC on the "Global UV Stabilizers Market."

Based on Region, Asia Pacific emerged as the dominant player in the global UV Stabilizers Market in 2022. Asia-Pacific is anticipated to dominate the market owing to its massive growth in the construction, packaging, and automotive sectors. The automotive industry in China increased post-pandemic. Automotive production increased from 26.08 million units in 2021 to 27.02 million units in 2022 and registered a 3% growth in 2022. Additionally, according to China’s Ministry of Industry and Information Technology, domestic vehicle production will reach 35 million by 2025, further solidifying its position as the world’s leading automobile manufacturer. In India, the food packaging industry is witnessing sharp growth as most of the population shifts from rural to urban areas, increasing food services, among others. India consumes 20 billion food and beverage packages annually. By 2030, the country is expected to consume around 50 billion packages, with a growth rate of 8% in beverage packaging. Food packaging growth in the country is anticipated to increase UV stabilizer demand over the forecast period. ​ Adhesives and sealants are one of the major markets in South Korea, owing to increasing woodworking and joinery applications. Additionally, the rising demand for furniture is also accelerating the demand for adhesives, propelling overall industry growth. Adhesives are also increasing in the electronics industry, and manufacturers are expanding their business capabilities. For instance, in August 2022, Henkel Korea announced the completion of its Songdo Plant within the Songdo High-Tech Industrial Cluster in Incheon. This was expected to become the Asia-Pacific production hub for high-impact electronics solutions for the Adhesive Technologies business unit. Hence, such factors will help boost the UV stabilizer market in the Asia-Pacific region over the forecast period.

Key market players in the Global UV Stabilizers Market are: -

• ADEKA CORPORATION
• ALTANA AG
• BASF SE
• Chitec Technology Co., Ltd.
• CLARIANT
• Eastman Chemical Company
• Everlight Chemical Industrial Co.
• Lycus Ltd., LLC.
• Mayzo, Inc.
• Rianlon Corporation

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“The global UV stabilizers market is primarily driven by increasing demand across various end-use industries. UV stabilizers are essential additives used to protect materials and products from the harmful effects of ultraviolet (UV) radiation. The key drivers of this market include the rapid growth of industries like construction and automotive, where UV stabilizers are crucial in preventing UV-induced degradation of materials. Additionally, the booming plastics and packaging sectors rely heavily on UV stabilizers to maintain the quality and durability of their products. Stringent environmental regulations and a growing emphasis on sustainability are propelling the development of eco-friendly UV stabilizer formulations, meeting the demand for environmentally responsible solutions. As consumers become more aware of UV damage and its impact, the market is also driven by the increasing preference for UV-resistant products in categories like outdoor furniture, clothing, and electronics. Overall, the global UV stabilizers market is poised for sustained growth due to its pivotal role in protecting materials across diverse industries.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“UV Stabilizers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast.

Segmented by type (UV absorbers, hindered amine light stabilizers, quenchers, and antioxidants), end-user industry (packaging, automotive, agriculture, building and construction, adhesives and sealants, and other), By Region, By Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Global UV Stabilizers Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global UV Stabilizers Market.

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