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UV Light Stabilizers Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3967

Global UV light stabilizers market is set to experience notable growth through the coming years, driven by increasing use of these to minimize the negative impact of UV radiation on polymers. Besides, the mounting adoption of nanotechnology in the coating industries would further complement the growth of UV light stabilizers market over 2021-2027.
 

UV light stabilizers are elements that help prevent degradation, augment physical properties and durability of polymer by maintaining the material’s appearance, strength, and flexibility. These stabilizers absorb radiation generated by sunlight or artificial light source while simultaneously neutralizing the impact of UV rays.
 

Furthermore, rising urbanization in various emerging nations, growing preference for greenhouse films in the agriculture industry, rising focus on R&D, and increasing investments in the development of advanced UV light stabilizers would as well augment the growth graph of UV light stabilizers market through 2027.
 

The market growth is expected to witness hinderance due to the high costs associated with production of UV light stabilizer systems that require various raw materials like aluminum chloride, acetic acid, benzoyl chloride, sodium nitrite, and others.
 

Some of the widely used UV light stabilizers are quenchers, UV absorbers, hindered amine light stabilizers (HALs), and blends. UV absorbers are additives used to prevent plastic and other polymer features from deteriorating in environments. These protect materials by converting absorbed UV rays into low-impact heat and energy via chemical reactions and are used to curtail photodegradation in plastics by playing an eminent role in suppressing the generation of radicals that cause polymers to degrade.
 

Research and developments in the segment are expected to enhance the market valuation of the UV absorbers in the coming years. In 2019, the international research team of the Institute of Organic Chemistry at Johannes Gutenberg University and the University of Witwatersrand declared making use of cashew nutshell oil for the production of UV absorbers to introduce sustainability in the UV filter.
 

UV light stabilizers are estimated to witness rise in demand from the automotive industry. Polymers used in automotive components should be able to bear harsh temperatures and constant UV light exposure. To ensure durability and performance, producers can utilize these systems to enhance the service life and thermal stability. In addition, UV light stabilizers as well prevent the formation of microcracks and limit color deterioration in the automobile parts to retain their essential aesthetic and physical properties.
 

The global UV light stabilizers industry is diversified into Asia Pacific, North America, and Europe. North America UV light stabilizers market, led by Canada and United States, would register significant gains over the forthcoming years driven by the continuous technological developments and ongoing construction projects in the countries.
 

Meanwhile, Asia Pacific would account for considerable growth in the overall industry. This growth is credited to the growing industrialization and advancements across the packaging and construction industries.
 

UV light stabilizers market is highly consolidated and boasts the presence of prominent players including Mayzo, Inc., BASF SE, SONGWON, Ampacet Corporation, AkzoNobel N.V., Addivant, The Cary Company, Colortek (India) Ltd, and others.
 

These vendors are laying immense focus on strategies like mergers and acquisitions, partnerships, and product launches to secure a significant position in their overall market.
 

COVID-19 impact on UV light stabilizers market forecast

The COVID-19 pandemic outbreak has had a moderate impact on the overall market during 2020. Subtle decline in the automotive and construction industries due to movement restriction and stringent lockdown norms has produced a downfall in the demand for UV light stabilizers, thus declining the revenue graph of the market. Besides, disruptions in the raw material supply chain had further hindered the market expansion during the COVID times.
 

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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