Significant Usage in Polymers
The photo degradation of polymers usually occurs during exposure to non-visible UV. This degradation results in the deterioration of physical properties, such as loss of impact strength, changes in color, cracking, loss of elongation, and tensile strength or chalking of the surface. The global polymer industry is majorly driven by the automotive industry and other application industries, such as electrical & electronics, construction, medical, consumer, and industrial. The usage of these polymers in such wide diversified sectors is instrumental in providing the immense demand for the UV stabilizers market.
Hindered Amine Light Stabilizers (HALS) Segment to Dominate the Market
Hindered amine light stabilizers (HALS) are highly effective for the light stabilization of polyolefin (PE, PP, TPO, and TPE), styrenic polymers, polyamides, polyurethanes, polyacetals, adhesives, and sealants. Hindered Amine Light Stabilizers (HALS) segment represents the largest product type, with more than 70% share of the global UV stabilizers market. Since the packaging is the largest application segment for HALS, the increasing demand for packaging of both food-based and non-food-based products in the Asia-Pacific, North American, and European regions is propelling the market growth.
Asia-Pacific to Dominate the Market Growth
Asia-Pacific led the global UV light stabilizers market in 2017, accounting for more than 50% of the global market. Increasing demand for packaging materials, and coatings for furniture surfaces and automobile parts is fueling the market in this region. A rise in the trend of polyhouse cultivation is also driving the growth in the Asia-Pacific region.
Key Developments in the Market
September 2017: Clariant entered into a partnership with Tiangang Auxiliary Co. Ltd, a privately owned producer and leading supplier of UV light stabilizers in China.
Major Players: Clariant, Chitec Technology Co. Ltd, Cytec Solvay Group, BASF SE, and Everlight Chemical Industrial Co., amongst others.
Reasons to Purchase this Report
- Identify the current and future trends in the global UV stabilizers market in the developed and emerging markets
- Analyze various perspectives of the market with the help of Porter’s five forces analysis
- Identify the segment that is expected to dominate the market
- Identify the region that is expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3 months analyst support, along with the Market Estimate sheet (in excel)
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Technological Snapshot
3.4 Government Regulations and Policies
4. Market Dynamics
4.1.1 Significant Consumption in the Booming Polymer Industry
4.1.2 Rising Demand for UV Radiation Protection in the Wood Coatings Industry
4.1.3 Growing Demand of Polymer Additives for Automotive and Industrial Paints
4.2.1 Volatility in Prices and Availability of Raw Materials
4.2.2 Complexity in the Manufacturing Procedure
4.3.1 Advancement of Nanotechnology in Coatings
4.3.2 Emerging Application in the Cosmetics Industry
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Type
5.1.1 UV Absorbers
5.1.2 Hindered Amine Light Stabilizers (HALS)
5.2 By Application
5.2.4 Building & Construction
5.2.5 Adhesive & Sealant
6. Regional Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
9.1 Adeka Corporation
9.2 Akcros Chemicals Ltd
9.3 AkzoNobel NV
9.4 ALTANA AG (BYK-Chemie GmbH)
9.5 Baerlocher GmbH
9.6 BASF SE
9.7 Chemtura Corporation
9.8 Chitec Technology Co. Ltd
9.10 Cytec Solvay Group
9.11 Everlight Chemical Industrial Co.
9.13 Lycus Ltd
9.14 Mayzo Inc.
9.16 SABO SpA
*List not Exhaustive
**Subject to Availability on Public Domain
- Adeka Corporation
- Akcros Chemicals Ltd.
- AkzoNobel N.V.
- ALTANA AG (BYK-Chemie GmbH),Baerlocher GmbH
- BASF SE
- Chemtura Corporation
- Chitec Technology Co. Ltd
- Cytec Solvay Group
- Everlight Chemical Industrial Co.
- Lycus Ltd.
- Mayzo Inc.
- SABO S.p.A