The ultraviolet radiation from the sun or artificial light affects natural and synthetic polymers. It leads to the breaking down of chemical bonds in a polymer that further results in chalking, cracking, and color variation. The rising level of UV radiation results in the degradation of materials such as wood and plastics. The ultraviolet stabilizers are exploited to prevent degradation and enhance the polymer physical properties and life by maintaining their flexibility, appearance, and strength for the end-user industry applications. Hindered Amine Light Stabilizers (HALS), UV absorbers, and quenchers have considerable applications such as coating substrates for flooring, furniture, decking, and exterior and interior parts of automobiles. In addition to this, ultraviolet stabilizers also have increased application across the packaging industry and in agricultural tapes, and films.
MARKET DYNAMICS
The growing demand for ultraviolet stabilizers in the Asia Pacific region is the major factor that drives market growth. Countries such as India, China, and Japan contribute to the majority of the demand from this region. In the past few years, there has been substantial growth in the demand for ultraviolet stabilizers in the Asia Pacific region for usage in industries like construction, packaging, and others. The packaging industry in China is growing tremendously, attributed to the urbanization trend. The majority of the country's population resides in cities. These cities are unable to offer the land and environment required for agricultural development. Therefore, the demand for processed and packaged food is growing rapidly. This will subsequently increase the demand for UV stabilizers over the forecast period.
MARKET SCOPE
The "Global Ultraviolet Stabilizers Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ultraviolet stabilizers market with detailed market segmentation by type, application and geography. The global ultraviolet stabilizers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ultraviolet stabilizers market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ultraviolet stabilizers market is segmented on the basis of type and application. On the basis of type, ultraviolet stabilizers market is classified into UV absorbers, hindered amine light stabilizers, and quenchers. On the basis of application, market is segmented into packaging, automotive, agriculture, building and construction, adhesives and sealants, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ultraviolet stabilizers market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ultraviolet stabilizers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the ultraviolet stabilizers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ultraviolet stabilizers market in these regions.
MARKET PLAYERS
The reports cover key developments in the ultraviolet stabilizers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ultraviolet stabilizers market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the ultraviolet stabilizers market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ultraviolet stabilizers market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Addivant
- ADEKA CORPORATION
- Atlanta
- BASF SE
- Clariant
- Lycus Ltd., LLC.
- Mayzo, Inc.
- Solvay
- SONGWON
- Valtris Specialty Chemicals
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.