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UV Stabilizers Market - Growth, Trends, and Forecast (2020 - 2025)

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  • 120 Pages
  • August 2020
  • Region: Global
  • Mordor Intelligence
  • ID: 5176230
The global UV stabilizer market is expected to grow with a CAGR of around 4% during the forecast period. The major factors driving the growth of the market studied include the rising consumption of UV stabilizers in the polymer industry and increasing demand for UV stabilizers from wood coatings.
  • On the flipside, the negative economic effects of COVID-19 are expected to hinder the growth of the market studied.
  • Asia-Pacific is expected to dominate the market studied during the forecast period.
  • Among the product types, Hindered Amine Light Stabilizers (HALS) accounted for the highest market share during the forecast period.

Key Market Trends

Hindered Amine Light Stabilizers (HALS) to Dominate the Market

Hindered Amine Light Stabilizers (HALS) are UV stabilizers that can be used to protect plastic and polymer products of any thickness. Unlike UV absorbers, HALS do not absorb the UV rays; instead, they inhibit degradation of the polymer by continuously and cyclically removing free radicals produced by photo-oxidation of the polymer.
  • HALS are used in plastic packaging, coatings, shipping sacks, agricultural films (silage, mulch, tunnel, and greenhouse) to avoid photodegradation. Unlike UV absorbers, they can be used with substrates of any thickness.​
  • Even though HALS are extremely effective in polyolefins, polyethylene, and polyurethane, they are ineffective in polyvinyl chloride (PVC) as their ability to form nitroxyl radicals is disrupted due them being readily protonated by HCl released by dehydrohalogenation of PVC.​
  • The demand for HALS is majorly driven by its increasing application in automotive, plastic packaging, architectural coatings, and agricultural films.​
  • In the recent past, major UV stabilizer manufacturers like SABO and Solvay have increased their HALS production capacities to keep up with the growing demand for the product.​
  • The recent COVID-19 pandemic has negatively affected the operations of several end-user industries of HALS (construction and automotive) and, thereby, has restrained the demand for HALS.​
  • Hence, the demand for HALS is expected to be affected by the above-mentioned factors during the forecast period.​

China to Dominate the Asia-Pacific Market

Currently, Asia-Pacific accounts for the highest share of the global UV stabilizers market. The majority of the demand in this region comes from countries like China, India, and Japan. In the recent past, there has been significant growth in the demand for UV Stabilizers in Asian countries for usage in industries like packaging, construction, etc.
  • In China, the packaging industry is increasing, owing to the rapid pace of innovation in the advancement of technology and R&D activities in the food packaging industry as there is a high demand for safer and cleaner packaging products. Food packaging in China has become a vital basic component for daily life, due to the urbanization trend. Most of the country's population lives in cities, and the cities are unable to provide the land and environment required for agricultural development. Hence, the demand for processed and packaged food is rapidly increasing. This may increase the demand for UV stabilizers over the forecast period.
  • the automotive industry in China has been declining since 2016. The automotive production decreased from 29.01 million units in 2017 to 25.7 million units in 2019 and registered a negative gwoth of 7.5% in 2019 over 2018. COVID-19 has even downsized the demand for automotibles in China, and it is expected to continue this trend even after this pandemic, during the forecast period. these factors are expected to slowdown the demand for UV stabilizers.
  • The Chinese construction industry is still strong, but growth is slowing, as is economic growth. Even though the growth rate has been decreasing in the recent past, the construction industry is likely to register a growth rate of around 4% over the forecast period.
  • All the aforementioned factors are likely to increase the demand for UV stabilizers through the forecast period.

Competitive Landscape

The global UV Stabilizers market is partly fragmented in nature, with no company holding a major share in the market (in terms of revenues generated). The key players in the market include BASF SE, Songwon, Clariant, ADEKA CORPORATION, and SABO S.p.A., among others.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
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Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Drivers
4.1.1 Rising Consumption in Polymer Industry
4.1.2 Increasing Demand for Wood Coatings
4.2 Restraints
4.2.1 Impact of COVID-19 Pandemic
4.2.2 Others Restraints
4.3 Industry Value-chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5.1 Type
5.1.1 UV Absorbers
5.1.2 Hindered Amine Light Stabilizers (HALS)
5.1.3 Quenchers
5.2 Application
5.2.1 Packaging
5.2.2 Automotive
5.2.3 Agriculture
5.2.4 Building and Construction
5.2.5 Adhesives and Sealants
5.2.6 Other Applications
5.3 Geography
5.3.1 Asia-Pacific China India Japan South Korea ASEAN Countries Rest of Asia-Pacific
5.3.2 North America United States Canada Mexico
5.3.3 Europe Germany United Kingdom Italy France Rest of Europe
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Addivant
6.4.3 ALTANA
6.4.4 BASF SE
6.4.5 Chitec Technology Co., Ltd.
6.4.6 Clariant
6.4.7 Everlight Chemical Industrial Corp.
6.4.8 Lycus Ltd LLC
6.4.9 Mayzo Inc.
6.4.10 Rianlon Corporation
6.4.11 SABO S.p.A.
6.4.12 Solvay
6.4.13 SONGWON
6.4.14 Valtris Specialty Chemicals
7.1 Growing Preference towards Nano-composites in Stabilizers

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Addivant
  • Chitec Technology Co., Ltd.
  • Clariant
  • Everlight Chemical Industrial Corp.
  • Lycus Ltd LLC
  • Mayzo Inc.
  • Rianlon Corporation
  • SABO S.p.A.
  • Solvay
  • Valtris Specialty Chemicals