UV Stabilizers Global Market Report 2024

UV stabilizers play a crucial role in absorbing radiation from the sun or artificial light sources, neutralizing light rays, and thereby enhancing the durability of materials by reducing the likelihood of cracks. These stabilizers find application in various indoor and outdoor settings, including coating and paint products.

The primary types of UV stabilizers include hindered amine light stabilizers (HALS), UV absorbers, and quenchers. Hindered amine light stabilizers are chemical compounds featuring an amine functional group, acting as radical scavengers. UV absorbers work by dissipating ultraviolet light into a lower energy state, protecting polymers by preventing harmful ultraviolet light from degrading the material. These UV stabilizers are utilized across architectural, agricultural, automotive, furniture, and packaging industries for coatings, adhesives, sealants, and plastics.

The UV stabilizers market research report is one of a series of new reports that provides UV stabilizers market statistics, including UV stabilizers industry global market size, regional shares, competitors with a UV stabilizers market share, detailed UV stabilizers market segments, market trends and opportunities, and any further data you may need to thrive in the UV stabilizers industry. This UV stabilizers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The uv stabilizers market size has grown strongly in recent years. It will grow from $1.68 billion in 2023 to $1.81 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The expansion observed in the historical period can be attributed to factors such as the heightened demand for data processing capabilities, the growth of the semiconductor industry, increased research and development (R&D) investments, the globalization of electronics manufacturing, and compliance with regulatory requirements.

The uv stabilizers market size is expected to see strong growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be attributed to the escalating demand for advanced consumer electronics, the shift towards advanced nodes in semiconductor manufacturing, efforts in supply chain optimization, the continued growth in consumer electronics demand, and increased industry partnerships. Key trends expected in the forecast period encompass the integration of nanotechnology, adoption of Industry 4.0 practices, real-time monitoring and control mechanisms, the influence of 5G technology, and a focus on miniaturization and compact design.

The growth of the market has been fueled by the increased production of vehicles in the automotive industry and the widespread use of packaging. The rising global population, coupled with improved living standards and urbanization, has led to an escalating demand for automobiles. In response, the automotive industry has been manufacturing lightweight vehicles using plastic materials and incorporating UV stabilizers to enhance the durability of vehicle components. The expansion of automotive manufacturing in countries like China, India, and across Europe is evident, with China leading the way with 25.72 million vehicles produced, followed by the USA (10.88 million), Japan (9.68 million), Germany (4.66 million), and India (4.51 million), as reported by OICA. Additionally, the growing population's demand extends to well-packaged food, well-constructed houses, and automobiles. The United Nations projects a global population of 9.7 billion by 2050. Increasing awareness of UV rays has driven the adoption of UV stabilizers to protect materials from degradation, thereby contributing to market growth.

The upward trajectory of the cosmetics industry is anticipated to drive the growth of the UV stabilizers market. The cosmetics industry, encompassing the production and distribution of products aimed at enhancing individuals' appearance and overall well-being, relies on UV stabilizers to prevent the degradation of cosmetic products. These stabilizers safeguard fragrances, dyes, and packaging materials from the harmful effects of UV radiation, preserving their color, texture, and overall quality. For instance, according to The Cosmetic, Toiletry, and Perfumery Association's 2022 Annual Report, color cosmetics sales reached 118,172,000 units in 2022, reflecting a notable increase from 112,257,000 units in 2021. Thus, the expanding cosmetics industry is a significant driver for the UV stabilizers market.

Major players in the UV stabilizers market are focusing on introducing innovative solutions, such as UV-C spectrum stabilizers, to gain a competitive advantage. UV-C stabilizers are additives designed to protect polyolefin surfaces from degradation and discoloration caused by exposure to UV radiation in the UV-C spectrum. For example, Solvay S.A., a Belgium-based chemical company, launched UV-C stabilizers specifically for hygiene applications involving polyolefin surfaces treated with UV light in the UV-C spectrum (200–280 nm) to combat COVID-19 and hospital-acquired infections. This technology addresses the risks of polyolefin degradation, discoloration, and micro-crack formation caused by frequent exposure to UV-C irradiation, marking a significant milestone in the polyolefin industry.

Major companies in the UV stabilizers market are also emphasizing the development of long-lasting UV stabilizers to maximize market revenue. These specialized additives, used in various industries like plastics and coatings, extend the lifespan and durability of products by providing protection against the harmful effects of UV radiation. Ampacet Corporation, a US-based chemical company, introduced UVProtect in February 2022, representing a new generation of UV stabilizers with extended durability. Specifically designed for polyolefin-based plastics used in outdoor applications, UVProtect shields against sunlight-induced damage, preserving essential physical and mechanical attributes.

In April 2021, SONGWON Industrial Co., Ltd., a South Korea-based chemical company, expanded its partnership with Cheminox Enterprise to distribute polymer stabilizers in Bangladesh, Nepal, and Sri Lanka. This collaboration aims to deliver high-quality products and services by leveraging SONGWON's expertise in polymer stabilizer production and Cheminox's extensive distribution network. Cheminox Enterprise, an Indian chemical company, offers a diverse range of products, including antioxidants, UV stabilizers, stearates, heat stabilizers, and flame retardants.

Major companies operating in the uv stabilizers market include Addivant LLC, BASF SE, Clariant AG, Solvay S.A., Adeka Corporation, Songwon Industrial Co. Ltd., Valtris Specialty Chemicals Limited, ALTANA AG, Mayzo Inc., Lycus Ltd., Everlight Chemical Industrial Corp., Chitec Technology Co. Ltd., SABO S.p.A., Eastman Chemical Company, Evonik Industries AG, MPI Chemie BV, Noroo Chemical Co. Ltd., AkzoNobel N.V., Ampacet Corporation, Ashland Global Holdings Inc., Chemtura Corporation, Cytec Solvay Group, Everlight Americas Inc., Huntsman Corporation, IGM Resins B.V., Lambson Limited, Milliken & Company, Omnova Solutions Inc., Wanhua Chemical Group Co. Ltd., Unitechem Co. Ltd.

Asia-Pacific was the largest region in the UV stabilizers market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the global UV stabilizers market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the UV stabilizers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The UV stabilizers market consists of sales of UV stabilizer products such as o-hydroxybenzophenone and methyl salicylate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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