HOME Top Market Reports UV Stabilizer Market by Type (HALS, UVA, Quenchers), by Application (Flooring & Decking, Furniture, Packaging, Automotive Coatings, Agriculture, Adhesives & Sealants), & by Region - Global Forecasts to 2020

UV Stabilizer Market by Type (HALS, UVA, Quenchers), by Application (Flooring & Decking, Furniture, Packaging, Automotive Coatings, Agriculture, Adhesives & Sealants), & by Region - Global Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: March 2016
Report Code: CH 4179

 

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The global UV stabilizer market was worth USD 223.9 Million, in terms of value, in 2014, registering a CAGR of 6.7% between 2015 and 2020. In this study, 2013 has been considered as the historical year and 2014 as the base year for estimating market size of UV stabilizers. The increasing demand from construction, automobile, and plastics industries for the protection of objects & materials from UV radiation exposures, recovery in housing & infrastructure projects, and increasing demand from wood protection coatings are few factors that will continue to drive the growth of UV stabilizers market during the forecast period.

Different secondary sources such as company websites, directories, and database have been used to identify and collect information that is useful for this extensive commercial study of the global UV stabilizers market. The primary sources, which include experts from related industries, have been interviewed to verify and collect critical information as well as to assess the future prospects of the market. The top-down approach has been implemented to validate the market size, in terms of value. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.

UV Stabilizers Market

To know about the assumptions considered for the study, download the pdf brochure

The UV stabilizer market has a diversified and established ecosystem of its upstream players such as the raw material suppliers and the downstream stakeholders such as manufacturers, vendors, end users, and government organizations. Evonik Industries AG (Germany) is a manufacturer and also a major raw material supplier. It supplies raw material such as Cyclododecanone (CDON), cyanuric acid (CYC), Triacetonamine (TAA) derivatives, and other organic substances to the UV stabilizers manufacturers such as BASF SE (Germany), Clariant AG (Switzerland), Cytec Solvay Group (U.S.), and Songwon Industrial Co., Ltd. (South Korea) among others. The major application where these manufacturers supply UV stabilizers products include flooring & decking, furniture, packaging, automotive coating, and agriculture. The content of UV stabilizers in various plastics, wood composites, and polymer products is also limited by several government organizations such as European Environmental Protection Agency (EPA), REACH, and Code of Federal Regulations (U.S.).

This study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments. The target audience includes:

  • UV stabilizers manufacturers
  • Dealers, suppliers, and distributors
  • Research organizations
  • Government bodies
  • Environment support agencies
  • End-use companies
  • Consulting companies/consultants in chemical and material sectors.

Scope of the Report:

This research report categorizes the market for UV stabilizers based on type, application, and region and forecasts revenue growth and analysis of trends in each of the submarkets.

On the Basis of Type: The UV stabilizer market is segmented on the basis of type. These are:

  • UV Absorbers (UVA)
  • Hindered Amine Light Stabilizers (HALS)
  • Quenchers.

Each type is further described in detail in the report with value forecasts till 2020.

On the Basis of Application: The UV stabilizer market is segmented on the basis of applications. These include:

  • Adhesives & sealants
  • Agriculture
  • Automotive coatings
  • Flooring & decking
  • Furniture
  • Packaging

Each application segment is further described in detail in the report with value forecasts till 2020.

On the Basis of Region: The UV stabilizer market is segmented by region as:

  • North America
    • U.S.
    • Mexico
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Malaysia
    • Thailand
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • Turkey
  • RoW
    • Brazil
    • Middle East & Africa
    • Rest of South America

Available Customizations: The following customization options are available in the report:

  1. Additional company profiles (upto 3)
  2. Historic database/market tables (2010-2012)
  3. Application market segmentation by type
  4. Type market segmentation by application

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Market
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunities in the UV Stabilizers Market
    4.2 UV Stabilizer Market, By Region (2015-2020)
    4.3 UV Stabilizer Market in North America, 2014
    4.4 UV Stabilizer Market, By Type (2015-2020)
    4.5 UV Stabilizer Market: Emerging vs Mature Markets
    4.6 Fastest-Growing Markets, By Application
    4.7 Life Cycle Analysis By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Application
           5.2.3 UV Stabilizers Market, By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Demand for UV Stabilizers in Asia-Pacific
                    5.3.1.2 Increasing Demand for Wood Coatings in North America
           5.3.2 Restraints
                    5.3.2.1 Fluctuations in Raw Material Prices of UV Stabilizers
                    5.3.2.2 High Production Cost
           5.3.3 Opportunities
                    5.3.3.1 Rising Developmental and Cross-Industry Collaboration Activities
                    5.3.3.2 Increasing Use of Nanocomposites in UV Stabilizers
           5.3.4 Challenges
                    5.3.4.1 Stringent Government Regulations

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Value-Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of Substitutes
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Intensity of Rivalry

7 UV Stabilizer Market, By Type (Page No. - 51)
    7.1 Introduction
    7.2 Hals
    7.3 UVA
    7.4 Quenchers

8 UV Stabilizer Market, By Application (Page No. - 59)
    8.1 Introduction
    8.2 Flooring & Decking
    8.3 Furniture
    8.4 Packaging
    8.5 Automotive Coatings
    8.6 Agriculture
    8.7 Adhesives & Sealants
    8.8 Others

9 UV Stabilizer Market, Regional Analysis (Page No. - 72)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 China
           9.2.2 Japan
           9.2.3 South Korea
           9.2.4 India
           9.2.5 Malaysia
           9.2.6 Thailand
           9.2.7 Rest of Asia-Pacific
    9.3 North America
           9.3.1 U.S.
           9.3.2 Mexico
           9.3.3 Canada
    9.4 Europe
           9.4.1 Germany
           9.4.2 Italy
           9.4.3 France
           9.4.4 U.K.
           9.4.5 Turkey
           9.4.6 Rest of Europe
    9.5 RoW
           9.5.1 Brazil
           9.5.2 Middle East & Africa
           9.5.3 Rest of South America

10 Competitive Landscape (Page No. - 128)
     10.1 Introduction
     10.2 New Product Launches: the Most Popular Growth Strategy Between 2010 and 2015
     10.3 Maximum Developments in Europe, 2010–2015
     10.4 Maximum Developments Recorded Between  2012 and 2014
     10.5 Competitive Situations & Trends
             10.5.1 New Product Launches
             10.5.2 Agreements/Collaborations
             10.5.3 Mergers & Acquisitions
             10.5.4 Expansions
             10.5.5 Joint Ventures

11 Company Profiles (Page No. - 137)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Introduction
     11.2 BASF SE
     11.3 Evonik Industries AG
     11.4 Songwon Industrial Co. Ltd.
     11.5 Clariant AG
     11.6 Cytec Solvay Group
     11.7 Everlight Chemical Industrial Corp.
     11.8 Addivant
     11.9 Akcros Chemicals
     11.10 Lycus Ltd.
     11.11 Mayzo Inc.

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 167)
     12.1 Insights From Industrial Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (133 Tables)

Table 1 UV Stabilizer Market, By Type
Table 2 UV Stabilizer Market, By Application
Table 3 UV Stabilizer Market Size, By Type, 2015–2020 (USD Million)
Table 4 UV Stabilizers Market Size, By Type, 2015–2020 (Kiloton)
Table 5 Hals Market Size, By Region, 2013–2020 (USD Million)
Table 6 Hals Market Size, By Region, 2013–2020 (Kiloton)
Table 7 UVA Market Size, By Region, 2013–2020 (USD Million)
Table 8 UVA Market Size, By Region, 2013–2020 (Kiloton)
Table 9 Quenchers Market Size, By Region, 2013–2020 (USD Million)
Table 10 Quenchers Market Size, By Region, 2013–2020 (Kiloton)
Table 11 UV Stabilizer Market Size, By Application, 2013–2020 (USD Million)
Table 12 UV Stabilizers Market Size, By Application, 2013–2020 (USD Kiloton)
Table 13 UV Stabilizer Market Size in Flooring & Decking, By Region, 2013–2020 (USD Million)
Table 14 UV Stabilizers Market Size in Flooring & Decking, By Region, 2013–2020 (Kiloton)
Table 15 UV Stabilizer Market Size in Furniture, By Region, 2013–2020 (USD Million)
Table 16 UV Stabilizers Market Size in Furniture, By Region, 2013–2020 (Kiloton)
Table 17 UV Stabilizer Market Size in Packaging, By Region, 2013–2020 (USD Million)
Table 18 UV Stabilizers Market Size in Packaging, By Region, 2013–2020 (Kiloton)
Table 19 UV Stabilizer Market Size in Automotive Coatings, By Region, 2013–2020 (USD Million)
Table 20 UV Stabilizers Market Size in Automotive Coatings, By Region, 2013–2020 (Kilotons)
Table 21 UV Stabilizer Market Size in Agriculture, By Region, 2013–2020 (USD Million)
Table 22 UV Stabilizers Market Size in Agriculture, By Region, 2013–2020 (Kiloton)
Table 23 UV Stabilizer Market Size in Adhesives & Sealants, By Region, 2013–2020 (USD Million)
Table 24 UV Stabilizers Market Size in Adhesives & Sealants, By Region, 2013–2020 (Kiloton)
Table 25 UV Stabilizer Market Size in Other Applications, By Region, 2013– 2020 (USD Million)
Table 26 UV Stabilizers Market Size in Other Applications, By Region, 2013–2020 (Kiloton)
Table 27 UV Stabilizer Market Size, By Region, 2013–2020 (USD Million)
Table 28 UV Stabilizers Market Size, By Region, 2013–2020 (Kiloton)
Table 29 Asia-Pacific: UV Stabilizer Market Size, By Country, 2013–2020 (USD Million)
Table 30 Asia-Pacific: Market Size, By Country, 2013–2020 (Kilotons)
Table 31 Asia-Pacific: Market Size, By Type, 2013–2020 (USD Million)
Table 32 Asia-Pacific: Market Size, By Type, 2013–2020 (Kiloton)
Table 33 Asia-Pacific: Market Size, By Application, 2013–2020 (USD Million)
Table 34 Asia-Pacific: Market Size, By Application, 2013–2020 (Kiloton)
Table 35 China: Market Size, By Type, 2013–2020 (USD Million)
Table 36 China: Market Size, By Type, 2013–2020 (Ton)
Table 37 China: Market Size, By Application, 2013–2020 (USD Million)
Table 38 China: Market Size, By Application, 2013–2020 (Ton)
Table 39 Japan: Market Size, By Type, 2013–2020 (USD Million)
Table 40 Japan: Market Size, By Type, 2013–2020 (Ton)
Table 41 Japan: Market Size, By Application, 2013–2020 (USD Million)
Table 42 Japan: Market Size, By Application, 2013–2020 (Ton)
Table 43 South Korea: UV Stabilizer Market Size, By Type, 2013–2020 (USD Thousand)
Table 44 South Korea: Market Size, By Type, 2013–2020 (Ton)
Table 45 South Korea: Market Size, By Application, 2013–2020 (USD Thousand)
Table 46 South Korea: Market Size, By Application, 2013–2020 (Ton)
Table 47 India: Market Size, By Type, 2013–2020 (USD Thousand)
Table 48 India: Market Size, By Type, 2013–2020 (Ton)
Table 49 India: Market Size, By Application, 2013–2020 (USD Thousand)
Table 50 India: Market Size, By Application, 2013–2020 (Ton)
Table 51 Malaysia: Market Size, By Type, 2013–2020 (USD Thousand)
Table 52 Malaysia: Market Size, By Type, 2013–2020 (Ton)
Table 53 Malaysia: Market Size, By Application, 2013–2020 (USD Thousand)
Table 54 Malaysia: Market Size, By Application, 2013–2020 (Ton)
Table 55 Thailand: Market Size, By Type, 2013–2020 (USD Thousand)
Table 56 Thailand: Market Size, By Type, 2013–2020 (Ton)
Table 57 Thailand: Market Size, By Application, 2013–2020 (USD Thousand)
Table 58 Thailand: Market Size, By Application, 2013–2020 (Ton)
Table 59 Rest of Asia-Pacific: UV Stabilizer Market Size, By Type, 2013–2020 (USD Thousand)
Table 60 Rest of Asia-Pacific:  Market Size, By Type, 2013–2020 (Ton)
Table 61 Rest of Asia-Pacific:  Market Size, By Application, 2013–2020 (USD Thousand)
Table 62 Rest of Asia-Pacific:  Market Size, By Application, 2013–2020 (Ton)
Table 63 North America: UV Stabilizer Market Size, By Country, 2013–2020 (USD Million)
Table 64 North America:  Market Size, By Country, 2013–2020 (Kiloton)
Table 65 North America: Market Size, By Type, 2013–2020 (USD Million)
Table 66 North America: Market Size, By Type, 2013–2020 (Kiloton)
Table 67 North America: Market Size, By Application, 2013–2020 (USD Million)
Table 68 North America: Market Size, By Application, 2013–2020 (Kiloton)
Table 69 U.S.: Market Size, By Type, 2013–2020 (USD Million)
Table 70 U.S.: Market Size, By Type, 2013–2020 (Ton)
Table 71 U.S.: Market Size, By Application, 2013–2020 (USD Million)
Table 72 U.S.: Market Size, By Application, 2013–2020 (Ton)
Table 73 Mexico: Market Size, By Type, 2013–2020 (USD Thousand)
Table 74 Mexico: Market Size, By Type, 2013–2020 (Ton)
Table 75 Mexico: Market Size, By Application, 2013–2020 (USD Thousand)
Table 76 Mexico: Market Size, By Application, 2013–2020 (Ton)
Table 77 Canada: UV Stabilizer Market Size, By Type, 2013–2020 (USD Thousand)
Table 78 Canada: Market Size, By Type, 2013–2020 (Ton)
Table 79 Canada: Market Size, By Application, 2013–2020 (USD Thousand)
Table 80 Canada: Market Size, By Application, 2013–2020 (Ton)
Table 81 Europe: Market Size, By Country, 2013–2020 (USD Million)
Table 82 Europe: Market Size, By Country, 2013–2020 (Kiloton)
Table 83 Europe: Market Size, By Type, 2013–2020 (USD Million)
Table 84 Europe: Market Size, By Type, 2013–2020 (Kiloton)
Table 85 Europe: Market Size, By Application, 2013–2020 (USD Million)
Table 86 Europe: UV Stabilizer Market Size, By Application, 2013–2020 (Kiloton)
Table 87 Germany: Market Size, By Type, 2013–2020 (USD Million)
Table 88 Germany: Market Size, By Type, 2013–2020 (Ton)
Table 89 Germany: Market Size, By Application, 2013–2020 (USD Million)
Table 90 Germany: Market Size, By Application, 2013–2020 (Ton)
Table 91 Italy: Market Size, By Type, 2013–2020 (USD Million)
Table 92 Italy: Market Size, By Application, 2013–2020 (Ton)
Table 93 Italy: Market Size, By Application, 2013–2020 (USD Million)
Table 94 Italy: Market Size, By Application, 2013–2020 (Ton)
Table 95 France: Market Size, By Type, 2013–2020 (USD Thousand)
Table 96 France: Market Size, By Type, 2013–2020 (Ton)
Table 97 France: Market Size, By Application, 2013–2020 (USD Thousand)
Table 98 France: Market Size, By Application, 2013–2020 (Ton)
Table 99 U.K.: Market Size, By Type, 2013–2020 (USD Thousand)
Table 100 U.K.: UV Stabilizer Market Size, By Type, 2013–2020 (Ton)
Table 101 U.K.: Market Size, By Application, 2013–2020 (USD Thousand)
Table 102 U.K.: Market Size, By Application, 2013–2020 (Ton)
Table 103 Turkey: Market Size, By Type, 2013–2020 (USD Thousand)
Table 104 Turkey: Market Size, By Type, 2013–2020 (Ton)
Table 105 Turkey: Market Size, By Application, 2013–2020 (USD Thousand)
Table 106 Turkey: Market Size, By Application, 2013–2020 (Ton)
Table 107 Rest of Europe: UV Stabilizer Market Size, By Type, 2013–2020 (USD Million)
Table 108 Rest of Europe: Market Size, By Type, 2013–2020 (Ton)
Table 109 Rest of Europe: Market Size, By Application, 2013–2020 (USD Million)
Table 110 Rest of Europe: Market Size, By Application, 2013–2020 (Ton)
Table 111 RoW: UV Stabilizer Market Size, By Subregion, 2013–2020 (USD Million)
Table 112 RoW: UV Stabilizers Market Size, By Subregion, 2013–2020 (Kiloton)
Table 113 RoW: UV Stabilizer Market Size, By Type, 2013–2020 (USD Million)
Table 114 RoW:  Market Size, By Type, 2013–2020 (Kiloton)
Table 115 RoW: Market Size, By Application, 2013–2020 (USD Million)
Table 116 RoW: Market Size, By Application, 2013–2020 (Kiloton)
Table 117 Brazil: Market Size, By Type, 2013–2020 (USD Thousand)
Table 118 Brazil: Market Size, By Type, 2013–2020 (Ton)
Table 119 Brazil: Market Size, By Application, 2013–2020 (USD Thousand)
Table 120 Brazil: Market Size, By Application, 2013–2020 (Ton)
Table 121 Middle East & Africa: Market Size, By Type, 2013–2020 (USD Million)
Table 122 Middle East & Africa: Market Size, By Type, 2013–2020 (Ton)
Table 123 Middle East & Africa: Market Size, By Application, 2013–2020 (USD Million)
Table 124 Middle East & Africa: Market Size, By Application, 2013–2020 (Ton)
Table 125 Rest of South America: Market Size, By Type, 2013–2020 (USD Million)
Table 126 Rest of South America: Market Size, By Type, 2013–2020 (Ton)
Table 127 Rest of South America: Market Size, By Application, 2013–2020 (USD Million)
Table 128 Rest of South America: Market Size, By Application, 2013–2020 (Ton)
Table 129 New Product Launch, 2010–2015
Table 130 Agreement/Collaboration, 2012–2015
Table 131 Mergers & Acquisitions, 2011–2015
Table 132 Expansions, 2011–2015
Table 133 Mergers & Acquisitions, 2010–2015


List of Figures (55 Figures)

Figure 1 UV Stabilizer: Market Segmentation
Figure 2 UV Stabilizer Market: Research Design
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Hals Dominated the UV Stabilizers Market in 2014
Figure 7 Flooring & Decking to Dominate the UV Stabilizer Market, in Terms of Value, During the Forecast Period
Figure 8 UV Stabilizers Market in Asia-Pacific to Witness Highest Growth During the Forecast Period
Figure 9 Asia-Pacific Was the Largest Market for UV Stabilizers in 2014
Figure 10 High Growth Opportunities for UV Stabilizers Market Between 2015 and 2020
Figure 11 Asia-Pacific to Be the Fastest-Growing Region During the Forecast Period
Figure 12 China Accounted for the Largest Share of the UV Stabilizer Market in Asia-Pacific
Figure 13 Hals to Have the Largest Contribution in the Growth of UV Stabilizers Market Between 2015 and 2020
Figure 14 U.S. to Emerge as the Most Lucrative Market Between 2015 and 2020
Figure 15 UV Stabilizers has High Potential for Growth in the Fastest-Growing Economies
Figure 16 High Growth Potential in Asia-Pacific for UV Stabilizers, 2015-2020
Figure 17 UV Stabilizers Market, By Region
Figure 18 Emerging Demand for UV Stabilizers in Construction, Automotive, and Packaging Applications Drives the UV Stabilizers Market
Figure 19 Raw Material Suppliers and Manufacturers Add Major Value to UV Stabilizers
Figure 20 Porter’s Five Forces Analysis
Figure 21 Hals to Drive the UV Stabilizer Market
Figure 22 Asia-Pacific: the Largest Market for Hals
Figure 23 Asia-Pacific: the Fastest Growing Market for UV Stabilizers in UVA Segment
Figure 24 Asia-Pacific: the Largest Market for UV Stabilizers in Quenchers Segment
Figure 25 Flooring & Decking Segment to Dominate the UV Stabilizers Market From 2015 to 2020
Figure 26 Asia-Pacific: the Largest Market for UV Stabilizers in Flooring & Decking Application
Figure 27 Asia-Pacific: the Fastest-Growing Market for UV Stabilizers in Furniture Application
Figure 28 Asia-Pacific: the Fastest-Growing Market for UV Stabilizers in Packaging Application
Figure 29 Asia-Pacific: the Largest Market for UV Stabilizers in the Automotive Coatings Application
Figure 30 Europe Projected to Be the Second-Largest Market for UV Stabilizers in Agriculture Application By 2020
Figure 31 North America: the Largest Market for UV Stabilizers in Adhesives & Sealants Application
Figure 32 Rapidly Growing Markets to Be New Strategic Locations, 2015–2020
Figure 33 UV Stabilizers Markets in China and India Have Highest Growth Potential
Figure 34 Asia-Pacific Market Snapshot: China Was A Lucrative Market for UV Stabilizers, in 2014
Figure 35 UV Stabilizer Market in North America Snapshot: U.S. Was A Lucrative Market of UV Stabilizers, in 2014
Figure 36 UV Stabilizer Market in Europe Snapshot: Germany Was A Lucrative Market for UV Stabilizers, in 2014
Figure 37 RoW Market Snapshot: Middle East & Africa is A Lucrative Market for UV Stabilizers
Figure 38 Companies Primarily Adopted Organic Growth Strategies (2011–2015)
Figure 39 New Product Launch Was the Most Popular Strategy Adopted Between 2010 and 2015
Figure 40 Europe Dominated the UV Stabilizer Market, in Terms of Development Activities, in 2014
Figure 41 2012–2014 Were the Most Lucrative Years for the Development of UV Stabilizers
Figure 42 Regional Revenue Mix of Top 5 Market Players
Figure 43 BASF SE: Company Snapshot
Figure 44 BASF SE: SWOT Analysis
Figure 45 Evonik Industries AG: Company Snapshot
Figure 46 Evonik Industries AG: SWOT Analysis
Figure 47 Songwon Industrial Co. Ltd.: Company Snapshot
Figure 48 Songwon Industrial Co. Ltd.: SWOT Analysis
Figure 49 Clariant AG: Company Snapshot
Figure 50 Clariant AG: SWOT Analysis
Figure 51 Cytec Solvay Group: Company Snapshot
Figure 52 Cytec Solvay Group: SWOT Analysis
Figure 53 Everlight Chemical Industrial Corp.: Company Snapshot
Figure 54 Marketsandmarkets Knowledge Store Snapshot
Figure 55 Marketsandmarkets Knowledge Store: Chemical and Material Snapshot

The global UV stabilizer market size, in terms of value, is projected to reach USD 324.4 Million by 2020, registering a CAGR of 6.7% between 2015 and 2020. The growing manufacturing industries, increasing demand for UV stabilizers in the Asia-Pacific region, increasing demand of wood coatings in North America, and continuous product development, expansion, and merger & acquisition activities undertaken by companies are the key factors for the growth of the global UV stabilizers market.

UV Absorbers are projected to register the fastest-growth among other types, followed by HALS in the global UV stabilizers market. The demand of UV Absorbers is mainly driven by its ability to provide low-cost solution, good processability, improved weatherability, and low volatility to applications such as high-performance thermoplastics, polyurethanes, polymers, construction, and packaging among others.

Packaging is the fastest-growing application segment in the global UV stabilizer market. HALS and UV Absorbers are the highly preferred types of UV stabilizers in the packaging sector. The increasing demand of non-degradable and UV resistant plastic packaging components from PET bottles and food & beverage containers among others have fueled the growth of UV stabilizers in the packaging application market.

Asia-Pacific was the largest market for UV stabilizers, in terms of value and volume, in 2014. The region is also expected to witness high growth rate in the UV stabilizers market, in terms of value and volume, between 2015 and 2020. Rising investments by foreign companies; growing production facilities; strong industrial base for construction, packaging, and automotive sectors; and rise in standard of living are the other major factors contributing to the growth of the UV stabilizers market in this region. The growing demand of low volatile and environmentally friendly UV stabilizers materials in automotive coatings, packaging, furniture, and flooring & decking have led to the growth of UV stabilizers in this region.

UV Stabilizers Market

Though the UV stabilizer market is gaining importance, few factors act as a bottleneck toward the growth of UV stabilizers in the global market. The volatility in UV stabilizers raw material prices and stringent governmental regulations are the major restraints toward the growth of the UV stabilizers market.

Companies such as BASF SE (Germany), Clariant AG (Switzerland), Cytec Solvay Group (U.S.), Evonik Industries AG (Germany), and Songwon Industrial Co., Ltd. (South Korea) are the dominant market players in the global UV stabilizers market. The diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are few factors that are responsible for strengthening the market position of these companies in the UV stabilizers market. They have been adopting various organic and inorganic growth strategies to enhance the current market scenario of UV stabilizers.

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