UV Stabilizers Market Growth Fuelled By Global Warming Increase

Published By: IndustryARC Published On : 25-Apr-2019
Rise in disposable income of households, and an end user industry consisting of the packaging industry, automotive, adhesives, and sealants industry generating a high demand will be the propelling factors for the growth of UV stabilizers market, according to a market intelligence report published by IndustryARC. According to the report, the UV stabilizers market value will reach $1747.68 million in the year 2023. Further analysis estimates that this market will grow with a healthy compound annual growth rate (CAGR) of 5.18% during the forecast period of 2018-2023. 

The report is titled as ‘

UV Stabilizers Market: By Type (Quenchers, HALS, UV Absorbers, Others); By Application (Films & Tapes, Extrusion, Decking, Floor Coating, Others); By End User (Furniture & Construction, Automotive, Adhesives & Sealants, Others) & Geographic Analysis - Forecast (2018-2023)

.’ In this report, market experts have extensively talked about all the aspects of the market including growth drivers, trends, market opportunities, and entropy.


Global UV Stabilizers Market: Regional Analysis


The geographical segment of the UV stabilizer market includes four important regions: North America, Europe, APAC, and rest of the world that has countries such as Africa. APAC region has been and will be the geographical leader of this market between 2016-2021 with estimated market revenue of 2021 at $640.87 million. Since plastics are now an irrevocable trend and an almost necessary component of human life, preventing them from decaying faster has become the need of the hour. UV rays from sun and fluorescent sources are quite harmful and end up degrading plastics more often than not. This has led to an increased purchase of hindered amine light absorbers and UV absorbers, making them the most bought UV stabilizers in APAC region with consequent market growth during the mentioned forecast period.   


Growth Drivers and Disruptive Trends


  • Ozone Layer Depletion

Ozone is an important component in Earth’s atmosphere as it prevents ultraviolet radiation from the sun seeping into our environment. UV rays are extremely harmful to both humans and inanimate objects. With an incessant rise in global warming, the ozone layer is facing massive loss which in turn is increasing the amount of UV rays that enters our system. UV rays are extremely harmful to plastics and induce faster degradation, thus causing plastic pollution at an unprecedented rate. This has increased the market demand for UV stabilizers and made consumers buy the products, eventually expanding sales of key market players.

  • Plastic’s Large End User Base

Plastic is now being used for a multitude of products. It has an extraordinarily large end user base including cosmetics, packaging, flooring, and many other construction activities. This has fundamentally impacted the demand for UV stabilizers as they are being required by innumerable industries. Since UV stabilizers are also being used in adhesives and sealants, their market has also found place in residential usage.

  • BASF SE’s Partnership With NASA

In September 2017, one of the world’s leading chemical companies BASF SE partnered with NASA’s Goddard Space Flight Centre to develop UV radiation mapping tools that could be used on a global level. This was extremely significant to the UV stabilizers market as the product is now being solicited for increasing the life of plastic products, thus highly getting its demand increased. 

Global UV Stabilizers Market: Competitive Landscape


Some of the key market players making strides in the UV stabilizer market are BASF SE, Solvay, Mayzo, Inc., Valtris Speciality Chemicals, Addivant, Adeka Corporation, Clariant, Everlight Chemical Industrial Company, Polyone Corporation, Songwon Industrial Co. Ltd., and Rianlon Corporation.


Talk to one of our sales representative about the full report by providing your details in the link below:


Related Reports:


A. UV Stabilizers for Polyurethanes Market 


B. Plastic Additives Market


About IndustryARC:


IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to supporting the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Contact Us:

Mr. Venkateshwar Reddy
Business Development Manager 

Contact Sales: 

1-614-588-8538 (Ext-101)

Connect with us on LinkedIn

 - https://www.linkedin.com/company/industryarc

Request for Sample

News letter

Type your email below and receive our daily news and updates for free