Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 1.19 billion

CAGR (2023-2028)

5.34%

Fastest Growing Segment

Automotive Sector

Largest Market

Asia Pacific


Market Overview

Global UV Stabilizers Market has valued at USD 1.19 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.34% through 2028.

Key Market Drivers

Increasing Demand in End-Use Industries

The global UV stabilizers market is experiencing a significant boost due to the increasing demand in various end-use industries. UV stabilizers are essential additives that protect materials and products from the damaging effects of ultraviolet (UV) radiation, making them crucial in a wide range of applications. Several factors are driving this surge in demand and propelling the growth of the UV stabilizers market. One of the primary drivers is the expanding scope of UV stabilizer applications across industries. End-use sectors such as automotive, packaging, construction, agriculture, textiles, and plastics rely heavily on UV stabilizers to enhance the longevity and performance of their products. As these industries continue to grow and innovate, the demand for UV stabilizers rises in tandem.

In the automotive industry, for example, UV stabilizers play a vital role in protecting vehicle components from UV-induced degradation. From exterior coatings to interior plastics, the automotive sector depends on UV stabilizers to maintain aesthetics, functionality, and safety. As the global automotive market continues to expand, especially in emerging economies, the demand for UV stabilizers is poised for steady growth. Similarly, the packaging industry has witnessed remarkable growth, driven by changing consumer preferences, e-commerce trends, and the need for sustainable packaging solutions. UV stabilizers are essential in preserving the integrity of plastic packaging materials, preventing color fading, brittleness, and structural damage. This burgeoning demand for UV-stabilized packaging materials is stimulating the UV stabilizers market.

In the construction sector, UV stabilizers are employed in various building materials, including paints, coatings, and plastics, to withstand the harsh effects of UV radiation. As urbanization and infrastructure development projects surge, particularly in developing regions, the construction industry's reliance on UV stabilizers is expected to intensify. Moreover, agriculture relies on UV-stabilized materials and products to ensure the durability of equipment, irrigation systems, and agricultural films. This sector's growth, driven by the need for increased food production and modern farming practices, further contributes to the demand for UV stabilizers.

In summary, the increasing demand for UV stabilizers in end-use industries is a pivotal driver behind the growth of the global UV stabilizers market. As these industries continue to evolve and expand, UV stabilizers remain indispensable in protecting materials and products from UV-induced degradation, thereby ensuring longevity, sustainability, and cost-effectiveness in a wide array of applications. This trend is set to persist as industries prioritize quality, durability, and environmental considerations, cementing the importance of UV stabilizers in modern manufacturing and production processes.

Rising Awareness of UV Damage

The rising awareness of UV damage is emerging as a powerful driver propelling the growth of the global UV stabilizers market. As knowledge about the detrimental effects of ultraviolet (UV) radiation on materials, products, and the environment continues to spread, the demand for UV stabilizers is surging across various industries. UV radiation, primarily from the sun, can wreak havoc on a wide range of materials, causing degradation, discoloration, and reduced performance. From plastics and coatings to textiles, paints, and agricultural products, UV damage is a pervasive issue that can result in financial losses and environmental harm. In response to this, individuals, industries, and governments are increasingly recognizing the importance of UV stabilizers as essential additives that can mitigate these damaging effects.

In the consumer sphere, heightened awareness of UV damage has led to a surge in demand for UV-stabilized products. Consumers seek out goods that offer UV protection, such as UV-resistant sunglasses, clothing, and outdoor furniture, to ensure longevity and maintain product quality. This shift in consumer preferences is driving manufacturers to incorporate UV stabilizers into their product offerings to meet the growing demand for UV-resistant items. Industries heavily reliant on outdoor applications, such as construction and automotive manufacturing, are also acknowledging the significance of UV stabilizers. UV radiation can cause paint fading, polymer degradation, and structural damage in vehicles and buildings. Consequently, these industries are increasingly utilizing UV stabilizers to enhance the durability and lifespan of their products, thus reducing maintenance and replacement costs.

Environmental concerns further amplify the importance of UV stabilizers. The degradation of materials exposed to UV radiation contributes to waste generation and environmental pollution. As sustainability becomes a focal point, manufacturers are developing eco-friendly UV stabilizers that comply with stringent environmental regulations, meeting the demand for environmentally responsible solutions. In conclusion, the rising awareness of UV damage is reshaping consumer preferences and industry practices, fueling the global UV stabilizers market. As individuals and businesses alike seek to protect their investments, ensure product longevity, and reduce environmental impact, UV stabilizers are poised to play a pivotal role in safeguarding materials, products, and the planet from the harmful effects of UV radiation. This heightened awareness is driving innovation and growth in the UV stabilizers industry, making it a critical component in the modern drive towards sustainability and product quality.


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Key Market Challenges

Environmental Regulations

Environmental regulations represent a substantial challenge that can potentially hamper the global UV stabilizers market. These regulations, designed to mitigate environmental harm and promote sustainability, can significantly impact the production, formulation, and marketing of UV stabilizers. Here's how environmental regulations can affect the UV stabilizers market, Stringent Compliance Requirements: Increasingly stringent environmental regulations demand that UV stabilizer manufacturers invest in research and development to create formulations that meet regulatory standards. These standards often require the reduction or elimination of hazardous chemicals in UV stabilizers, which can be costly and time-consuming to achieve.

Rising Compliance Costs: Complying with environmental regulations necessitates significant investments in developing and implementing environmentally friendly production processes. This includes investing in clean technologies, waste management, and sustainable sourcing of raw materials, all of which can lead to increased production costs.

Impact on Product Innovation: Environmental regulations can influence the direction of research and development efforts within the UV stabilizer industry. Manufacturers may need to allocate resources to develop eco-friendly UV stabilizers that align with regulatory requirements, potentially diverting resources from other areas of innovation.

Market Access and Approval Delays: Meeting complex regulatory requirements can lead to delays in product approvals and market access. The lengthy approval processes can hinder a manufacturer's ability to bring new UV stabilizer products to market quickly, impacting competitiveness.

Global Variability: Environmental regulations can vary significantly from one region or country to another. UV stabilizer manufacturers operating in multiple markets must navigate a complex landscape of regulations, which can result in additional compliance costs and challenges.

Consumer Preferences: In response to environmental concerns, consumers are increasingly seeking products that are environmentally friendly and sustainable. Failure to meet these preferences can affect product demand and market competitiveness.

Disposal and End-of-Life Considerations: Environmental regulations also encompass the disposal and end-of-life management of UV-stabilized products. UV stabilizers must be designed with end-of-life considerations in mind to minimize environmental impact, adding complexity to product development and manufacturing. In conclusion, environmental regulations pose a formidable challenge for the global UV stabilizers market. The need to comply with increasingly stringent standards, coupled with the associated costs and complexities, can impact the industry's ability to innovate, compete, and adapt to evolving market demands. UV stabilizer manufacturers must proactively address these challenges by embracing sustainable practices, investing in research and development, and maintaining a keen focus on environmental compliance to thrive in a regulatory-driven environment.

Raw Material Costs

Raw material costs represent a significant challenge that has the potential to hamper the global UV stabilizers market. UV stabilizers are reliant on a range of chemical compounds and additives, making them susceptible to fluctuations in the prices of these essential ingredients. Several factors contribute to the adverse impact of raw material costs on the UV stabilizers market. The volatility in raw material prices can be a major concern. Key components of UV stabilizers, such as ultraviolet absorbers, antioxidants, and hindered amine light stabilizers (HALS), often experience price fluctuations due to factors like supply and demand imbalances, geopolitical instability, natural disasters, and changing global economic conditions. These unpredictable shifts in raw material costs can disrupt the production process, leading to challenges in price stability and profitability for UV stabilizer manufacturers.

As raw material costs rise, they directly inflate the production expenses associated with UV stabilizers. Manufacturers must then make challenging decisions on whether to absorb these increased costs, potentially squeezing profit margins, or transfer them to consumers through higher product prices. This can create a dilemma for manufacturers as higher prices may make UV stabilizers less competitive in the market, possibly resulting in reduced demand. Furthermore, the competitive landscape in the UV stabilizers market adds to the pressure caused by escalating raw material costs. Manufacturers are often hesitant to pass on the entire burden of increased production costs to customers, as this may lead to decreased sales or market share loss. This competitive environment requires companies to carefully balance pricing strategies while maintaining product quality and performance. In conclusion, raw material costs present a persistent challenge for the global UV stabilizers market. The industry's vulnerability to fluctuations in the prices of essential components makes it crucial for manufacturers to employ strategic cost management practices, seek alternative materials, and focus on innovation to mitigate the adverse effects of rising raw material expenses. Successfully navigating these challenges is imperative to maintain competitiveness and sustain growth in the UV stabilizers market.

Key Market Trends

Rising Demand for UV Stabilizers in Plastics Industry

The surging demand for UV stabilizers in the plastics industry is a pivotal driver propelling the global UV stabilizers market. UV stabilizers are instrumental in safeguarding plastics and polymer-based materials from the deteriorative effects of ultraviolet (UV) radiation. Several factors contribute to the growing significance of UV stabilizers in the plastics sector, Preventing UV Degradation: The plastics industry extensively employs UV stabilizers to protect products from UV-induced degradation. Exposure to sunlight can lead to color fading, embrittlement, and reduced structural integrity of plastic materials. UV stabilizers act as a shield, enhancing the resistance of plastics to these damaging effects.

Expanding Packaging Industry: The packaging industry is a major consumer of plastics, and UV stabilizers play a crucial role in maintaining the quality and appearance of plastic packaging materials. As e-commerce and consumer preferences drive the growth of the packaging sector, the demand for UV-stabilized plastics rises proportionately. Automotive Applications: The automotive industry relies on UV stabilizers to protect various plastic components, including interior trim, dashboards, and exterior parts, from UV radiation. With the global automotive market continually expanding, the need for UV stabilizers in this sector is escalating. Construction Materials: Plastics and polymer-based materials are used extensively in the construction industry for applications like pipes, profiles, and roofing materials. UV stabilizers are essential to ensure the longevity and performance of these materials in outdoor environments, making them indispensable in construction.

Rising Consumer Awareness: Increasing awareness among consumers about the importance of UV protection is driving the demand for UV-stabilized products. Consumers seek UV-resistant outdoor furniture, toys, and other goods to ensure durability and maintain product aesthetics. Stringent Regulatory Standards: Environmental regulations and industry standards are placing greater emphasis on the use of UV stabilizers in plastics to enhance sustainability and product quality. UV stabilizer manufacturers are developing formulations that comply with these standards, further driving their adoption in the plastics industry. In conclusion, the rising demand for UV stabilizers in the plastics industry is inextricably linked to the growth and diversification of sectors like packaging, automotive, and construction, along with heightened consumer awareness and evolving regulatory requirements. As plastics continue to play a fundamental role in modern manufacturing and consumer goods, UV stabilizers are set to remain a vital component in preserving the integrity and performance of plastic materials, thereby driving the growth of the global UV stabilizers market.

High Growth in the Asia-Pacific Region

The high growth in the Asia-Pacific region is emerging as a significant driver propelling the global UV stabilizers market. This dynamic and diverse region, led by economic powerhouses like China and India, is experiencing rapid industrialization, urbanization, and infrastructure development. Several factors contribute to the substantial growth of the UV stabilizers market in Asia-Pacific, Booming Construction Industry: Asia-Pacific is witnessing extensive construction activity, driven by urbanization and increased infrastructure development. UV stabilizers play a crucial role in protecting construction materials and coatings from UV-induced degradation, ensuring the longevity and durability of structures. This robust construction sector is a major contributor to the growing demand for UV stabilizers.

Expanding Automotive Sector: The automotive industry in Asia-Pacific is one of the largest and fastest-growing in the world. UV stabilizers are essential in protecting automotive components from UV radiation, preventing issues such as paint fading and material degradation. As car production and sales surge in the region, so does the need for UV stabilizers. Rapid Industrialization: The industrial sector in Asia-Pacific is expanding across various domains, including manufacturing, packaging, and textiles. UV stabilizers find extensive use in these industries to preserve the quality and integrity of products. As industrial activities escalate, the demand for UV stabilizers follows suit.

Agricultural Advancements: Agriculture is a significant sector in many Asia-Pacific countries. UV stabilizers are used to protect agricultural films, greenhouse materials, and irrigation systems from UV radiation, contributing to improved crop yields. As agricultural practices evolve and modernize, the demand for UV stabilizers in agriculture is on the rise. Increasing Consumer Awareness: With growing awareness about the adverse effects of UV radiation on products and materials, consumers in Asia-Pacific are seeking UV-protected goods, such as UV-resistant clothing, outdoor equipment, and electronics. Manufacturers are responding by incorporating UV stabilizers into their products to cater to this demand.

Government Initiatives: Government initiatives and regulations aimed at environmental protection and product quality are encouraging the use of UV stabilizers in various industries. These initiatives are driving both product innovation and adoption in Asia-Pacific. In conclusion, the high growth in the Asia-Pacific region, driven by construction, automotive, industrialization, agriculture, consumer preferences, and supportive government policies, is a compelling force propelling the global UV stabilizers market. As this region continues to be a key player in the global economy, its increasing demand for UV stabilizers underscores their essential role in preserving the integrity of materials and products in diverse applications.

 

Segmental Insights

End-User Industry Insights

Automotive Sector to Dominate the Market. 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.


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Regional Insights

Asia Pacific emerged as the dominant player in the global UV Stabilizers Market in 2022, holding the largest market share. 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.

Recent Developments

  • July 2022: Solvay announced the creation of an innovative new UV-C stabilizer range. The UV-C spectrum (200–280 nm) was used to treat polyolefin surfaces in these products, intended for use in demanding hygiene applications where COVID and hospital-acquired infections were combated. The development of the new unique stabilizing technique, which was the first to address the dangers of polyolefin deterioration, discoloration, and microcrack formation brought on by frequent exposure to UV-C radiation, marks a significant turning point for the polyolefin industry.
  • March 2022: BASF SE announced that the company would increase production capacity for its hindered amine light stabilizers (HALS), which include its products Tinuvin, Chimassorb, and Uvinul, at manufacturing sites located in Pontecchio Marconi, Italy, and Lampertheim, Germany.

Key Market Players

  • 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

By Type

By End-User Industry

By Region

  • UV Absorbers
  • Hindered Amine Light Stabilizers (HALS)
  • Quenchers
  • Antioxidants
  • Packaging
  • Automotive
  • Agriculture
  • Building and Construction
  • Adhesives and Sealants
  • Other
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global UV Stabilizers Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • UV Stabilizers Market, By Type:

o   UV Absorbers

o   Hindered Amine Light Stabilizers (HALS)

o   Quenchers

o   Antioxidants  

  • UV Stabilizers Market, By End-User Industry:

o   Packaging

o   Automotive

o   Agriculture

o   Building and Construction

o   Adhesives and Sealants

o   Other     

  • UV Stabilizers Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global UV Stabilizers Market.

Available Customizations:

Global UV Stabilizers Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global UV Stabilizers Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]                

Table of content

1.         Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on Global UV Stabilizers Market

5.         Voice of Customer

6.         Global UV Stabilizers Market Overview

7.         Global UV Stabilizers Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By type (UV absorbers, hindered amine light stabilizers, quenchers, and antioxidants)

7.2.2.By end-user industry (packaging, automotive, agriculture, building and construction, adhesives and sealants, and other end-user industries)

7.2.3.By Region

7.3.    By Company (2022)

7.4.    Market Map

8.         North America UV Stabilizers Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.        By Type

8.2.2.        By end-user industry

8.2.3.        By Country

8.3.    North America: Country Analysis

8.3.1.United States UV Stabilizers Market Outlook

8.3.1.1.      Market Size & Forecast

8.3.1.1.1.    By Value

8.3.1.2.      Market Share & Forecast

8.3.1.2.1.    By Type

8.3.1.2.2.    By end-user industry

8.3.1.2.3.    By Voltage

8.3.2.Canada UV Stabilizers Market Outlook

8.3.2.1.      Market Size & Forecast

8.3.2.1.1.    By Value

8.3.2.2.      Market Share & Forecast

8.3.2.2.1.    By Type

8.3.2.2.2.    By end-user industry

8.3.3.Mexico UV Stabilizers Market Outlook

8.3.3.1.      Market Size & Forecast

8.3.3.1.1.    By Value

8.3.3.2.      Market Share & Forecast

8.3.3.2.1.    By Type

8.3.3.2.2.    By end-user industry

9.         Europe UV Stabilizers Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Type

9.2.2.By end-user industry

9.2.3.By Country

9.3.    Europe: Country Analysis

9.3.1.Germany UV Stabilizers Market Outlook

9.3.1.1.      Market Size & Forecast

9.3.1.1.1.    By Value

9.3.1.2.      Market Share & Forecast

9.3.1.2.1.    By Type

9.3.1.2.2.    By end-user industry

9.3.2.France UV Stabilizers Market Outlook

9.3.2.1.      Market Size & Forecast

9.3.2.1.1.    By Value

9.3.2.2.      Market Share & Forecast

9.3.2.2.1.    By Type

9.3.2.2.2.    By end-user industry

9.3.3.United Kingdom UV Stabilizers Market Outlook

9.3.3.1.      Market Size & Forecast

9.3.3.1.1.    By Value

9.3.3.2.      Market Share & Forecast

9.3.3.2.1.    By Type

9.3.3.2.2.    By end-user industry

9.3.4.Italy UV Stabilizers Market Outlook

9.3.4.1.      Market Size & Forecast

9.3.4.1.1.    By Value

9.3.4.2.      Market Share & Forecast

9.3.4.2.1.    By Type

9.3.4.2.2.    By end-user industry

9.3.5.Spain UV Stabilizers Market Outlook

9.3.5.1.      Market Size & Forecast

9.3.5.1.1.    By Value

9.3.5.2.      Market Share & Forecast

9.3.5.2.1.    By Type

9.3.5.2.2.    By end-user industry

10.      South America UV Stabilizers Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value

10.2. Market Share & Forecast

10.2.1.   By Type

10.2.2.   By end-user industry

10.2.3.     By Country

10.3. South America: Country Analysis

10.3.1.     Brazil UV Stabilizers Market Outlook

10.3.1.1.   Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2.   Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By end-user industry

10.3.2.     Colombia UV Stabilizers Market Outlook

10.3.2.1.   Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2.   Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By end-user industry

10.3.3.     Argentina UV Stabilizers Market Outlook

10.3.3.1.   Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2.   Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By end-user industry

11.      Middle East & Africa UV Stabilizers Market Outlook

11.1. Market Size & Forecast

11.1.1.     By Value

11.2. Market Share & Forecast

11.2.1.   By Type

11.2.2.   By end-user industry

11.2.3.     By Country

11.3. Middle East & Africa: Country Analysis

11.3.1.     Saudi Arabia UV Stabilizers Market Outlook

11.3.1.1.   Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2.   Market Share & Forecast

11.3.1.2.1. By Type

11.3.1.2.2. By end-user industry

11.3.2.     UAE UV Stabilizers Market Outlook

11.3.2.1.   Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2.   Market Share & Forecast

11.3.2.2.1. By Type

11.3.2.2.2. By end-user industry

11.3.3.     South Africa UV Stabilizers Market Outlook

11.3.3.1.   Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2.   Market Share & Forecast

11.3.3.2.1. By Type

11.3.3.2.2. By end-user industry

12.      Asia Pacific UV Stabilizers Market Outlook

12.1. Market Size & Forecast

12.1.1.   By Type

12.1.2.   By end-user industry

12.1.3.     By Country

12.2. Asia-Pacific: Country Analysis

12.2.1.     China UV Stabilizers Market Outlook

12.2.1.1.   Market Size & Forecast

12.2.1.1.1. By Value

12.2.1.2.   Market Share & Forecast

12.2.1.2.1. By Type

12.2.1.2.2. By end-user industry

12.2.2.     India UV Stabilizers Market Outlook

12.2.2.1.   Market Size & Forecast

12.2.2.1.1. By Value

12.2.2.2.   Market Share & Forecast

12.2.2.2.1. By Type

12.2.2.2.2. By end-user industry

12.2.3.     Japan UV Stabilizers Market Outlook

12.2.3.1.   Market Size & Forecast

12.2.3.1.1. By Value

12.2.3.2.   Market Share & Forecast

12.2.3.2.1. By Type

12.2.3.2.2. By end-user industry

12.2.4.     South Korea UV Stabilizers Market Outlook

12.2.4.1.   Market Size & Forecast

12.2.4.1.1. By Value

12.2.4.2.   Market Share & Forecast

12.2.4.2.1. By Type

12.2.4.2.2. By end-user industry

12.2.5.     Australia UV Stabilizers Market Outlook

12.2.5.1.   Market Size & Forecast

12.2.5.1.1. By Value

12.2.5.2.   Market Share & Forecast

12.2.5.2.1. By Type

12.2.5.2.2. By end-user industry

13.      Market Dynamics

13.1. Drivers

13.2. Challenges

14.      Market Trends and Developments

15.      Company Profiles

15.1.  ADEKA CORPORATION

15.1.1.     Business Overview

15.1.2.     Key Revenue and Financials  

15.1.3.     Recent Developments

15.1.4.     Key Personnel/Key Contact Person

15.1.5.     Key Product/Services Offered

15.2.  ALTANA AG

15.2.1.     Business Overview

15.2.2.     Key Revenue and Financials  

15.2.3.     Recent Developments

15.2.4.     Key Personnel/Key Contact Person

15.2.5.     Key Product/Services Offered

15.3.  BASF SE

15.3.1.     Business Overview

15.3.2.     Key Revenue and Financials  

15.3.3.     Recent Developments

15.3.4.     Key Personnel/Key Contact Person

15.3.5.     Key Product/Services Offered

15.4.  Chitec Technology Co., Ltd.

15.4.1.     Business Overview

15.4.2.     Key Revenue and Financials  

15.4.3.     Recent Developments

15.4.4.     Key Personnel/Key Contact Person

15.4.5.     Key Product/Services Offered

15.5.  CLARIANT

15.5.1.     Business Overview

15.5.2.     Key Revenue and Financials  

15.5.3.     Recent Developments

15.5.4.     Key Personnel/Key Contact Person

15.5.5.     Key Product/Services Offered

15.6.  Eastman Chemical Company

15.6.1.     Business Overview

15.6.2.     Key Revenue and Financials  

15.6.3.     Recent Developments

15.6.4.     Key Personnel/Key Contact Person

15.6.5.     Key Product/Services Offered

15.7.  Everlight Chemical Industrial Co.

15.7.1.     Business Overview

15.7.2.     Key Revenue and Financials  

15.7.3.     Recent Developments

15.7.4.     Key Personnel/Key Contact Person

15.7.5.     Key Product/Services Offered

15.8.  Lycus Ltd., LLC.

15.8.1.     Business Overview

15.8.2.     Key Revenue and Financials  

15.8.3.     Recent Developments

15.8.4.     Key Personnel/Key Contact Person

15.8.5.     Key Product/Services Offered

15.9.  Mayzo, Inc.

15.9.1.     Business Overview

15.9.2.     Key Revenue and Financials  

15.9.3.     Recent Developments

15.9.4.     Key Personnel/Key Contact Person

15.9.5.     Key Product/Services Offered

15.10.   Rianlon Corporation

15.10.1.   Business Overview

15.10.2.   Key Revenue and Financials  

15.10.3.   Recent Developments

15.10.4.   Key Personnel/Key Contact Person

15.10.5.   Key Product/Services Offered

16.      Strategic Recommendations

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global UV Stabilizers Market was USD 1.19 billion in 2022.

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Automotive Sector to Dominate the Market. 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.

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Asia Pacific emerged as the dominant player in the global UV Stabilizers Market in 2022, holding the largest market share. Asia-Pacific is anticipated to dominate the market owing to its massive growth in the construction, packaging, and automotive sectors.

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The rising consumption of UV stabilizers in the polymer industry and increasing demand for UV stabilizers from wood coatings.

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Parvati Sharma

Account Manager BD
Press Release

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

Sep, 2023

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.