UV Stabilizers Market by Type (HALS, UV Absorbers, Quenchers), Application (Packaging, Automotive, Agricultural films, Building & Construction, Adhesives & Sealants), & Region (Asia Pacific, North America, Europe) - Global Forecast to 2028
In terms of value, the UV stabilizers market is estimated to grow from USD 1.3 billion in 2022 to USD 1.8 billion by 2028, at a CAGR of 5.7%. Packaging industry is one of the major consumer of UV stabilizers, especially for food and cosmetic packaging application. This growth is due to the emergence of e-commerce platforms. Packaging has become a necessity for marketing to attract customers. UV protection in packaging is important for products that are intended for long term storage, as they may be exposed to UV rays for a long period of time. UV stabilizers protect the product, maintain its quality and effectiveness.
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Market Dynamics
Driver: Growing demand from construction industry
UV stabilizers are used specialty polymers for construction applications - such as plastic shingles, composite roofing tiles, siding, TPO roofing, polypropylene and geomembranes - require significant protection and long-term durability to maintain their physical appearance over extended periods. There has been massive industrial growth in Asia Pacific & Middle East & Africa since the past few years, and this is expected to continue during the next five years. The domestic and foreign investments in the construction industry have been consistently growing over the past decade in the region, which is fueling the growth of the UV stabilizers market.
Restraints: Volatility in raw material prices
The UV stabilizer manufacturing process includes the use of various raw materials, such as CDON, CYC, benzoyl chloride, benzene, aluminum chloride, sodium nitrite, acetic acid, TAA, and 3-benzaphthalides. The cost of producing UV stabilizers can be directly impacted by changes in the price of these raw ingredients. If the prices of key raw materials increase significantly, it can result in higher production costs for UV stabilizer manufacturers. When the cost of raw materials used in UV stabilizers rises, manufacturers may face challenges in maintaining competitive pricing. UV stabilizers may be more expensive and less appealing to consumers if they are unable to bear the extra costs.
Opportunities: Growing agricultural films industry
UV stabilizers play a significant role in modern agriculture through their incorporation in agricultural films, such as greenhouse films, mulch films, and silage films. These films are essential for crop protection, growth optimization, and efficient resource utilization. UV radiation from the sun can degrade agricultural films over time, reducing their performance and lifespan. The agricultural films industry is growing due to several factors such as global focus on increasing agricultural outputs, innovations in agricultural films, increasing number of nano greenhouses and changing dietary habits. Therefore, as the UV stabilizers play a crucial role in manufacturing agricultural films the demand for UV stabilizers will increase. Thus, the growing agricultural films industry drives demand for UV stabilizers.
Challenges: Stringent government regulations
The growing demand for UV-resistant coated plastic, polymer, and wood products has led to an increase in the production of UV stabilizers for flooring & decking, furniture, packaging, and automotive coating applications globally. However, government organizations set various regulations and standards to regulate the level of petrochemicals and other materials used in the synthesis of UV stabilizers. They also govern the number of UV stabilizers used in various end-use applications. The U.S. Environmental Protection Agency (EPA) regulates the use of chemicals, including UV stabilizers, under the Toxic Substances Control Act (TSCA). Pre-manufacture warnings and risk assessments for new chemicals must be submitted by manufacturers, and the EPA has the authority to prohibit or outlaw compounds that pose an unreasonably high danger to human health or the environment. This can restrict the market growth.
UV Stabilizers Market Ecosystem
Prominent companies in this market include well-established, financially stable manufacturers of UV stabilizers. These companies have been in business for a while and have a broad range of products, cutting-edge technologies, and robust international sales and marketing networks. Prominent companies in this market include BASF SE (Germany), Evonik Industries AG (Germany), SONGWON INDUSTRIAL CO. LTD., (South Korea), Clariant AG (Switzerland), Solvay S.A. (Belgium), Unitechem Group (China), and Everlight Chemical Industrial Corporation (Taiwan).
Based on type, HALS was the largest segment for UV stabilizers market, in terms of value, in 2022.
Due to their excellent UV protection capabilities, Hindered Amine Light Stabilizers (HALS) UV stabilizers are in higher demand across a variety of industries, including the construction sector. Because they combine effectiveness, durability, and compatibility with other additives and materials, HALS UV stabilizers have grown to be the most popular class of UV stabilizers. The demand is also driven by factors such as increased awareness of UV degradation, growing construction industry, rising demand of high-performance materials, and regulatory requirements.
Based on application, packaging was the largest segment for UV stabilizers market, in terms of value, in 2022.
The packaging segment led the UV stabilizers market in terms of value, in 2022. There is a significant demand for UV stabilizers in the packaging industry to protect goods from the damaging effects of UV radiation while being stored and transported. In packaged goods, particularly those that are light-sensitive like food, pharmaceuticals, and cosmetics, UV radiation can result in discoloration, fading, and other types of degradation. Overall, the need for product protection, consumer expectations, regulatory requirements, and technological developments in UV stabilizer formulations are all projected to drive up demand for UV stabilizers in packaging.
“Asia Pacific accounted for the largest market share for UV stabilizers market, in terms of value, in 2022”
Asia Pacific is home to some of the fastest-growing economies, such as China, India, and Southeast Asian countries. The economic growth in these countries drives construction activities, infrastructure development, and urbanization, which drives the demand for UV stabilizers to protect construction materials from UV degradation. Also the rising disposable income in this region contributes to an increased infrastructure and construction activities. Countries such as India and China have low cost labor which attracted major automotive manufacturers to set up an operational plant in these countries. All these factors are driving the market for UV stabilizers in Asia Pacific region majorly in construction, packaging and automotive application.
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Key Market Players
The players profiled in the report include BASF SE (Germany), Evonik Industries AG (Germany), SONGWON INDUSTRIAL CO. LTD., (South Korea), Clariant AG (Switzerland), Solvay S.A. (Belgium), Unitechem Group (China), and Everlight Chemical Industrial Corporation (Taiwan) among others, these are the key manufacturers that secured major market share in the last few years.
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Report Metric |
Details |
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Years considered for the study |
2017–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Units considered |
Volume (Tons/Kiloton) and Value (USD Thousand/ USD Billion) |
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Segments covered |
Type, Application, and Region |
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Regions covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
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Companies profiled |
The key players profiled in the report include BASF SE (Germany), Evonik Industries AG (Germany), SONGWON Industrial Co. Ltd., (South Korea), Clariant AG (Switzerland), Solvay S.A. (Belgium), Unitechem Group (China), and Everlight Chemical Industrial Corporation (Taiwan) among others. |
This report categorizes the global UV stabilizers market based on type, application, and region.
On the basis of type, the UV stabilizers market has been segmented as follows:
- HALS
- UV Absorbers
- Quenchers
On the basis of application, the UV stabilizers market has been segmented as follows:
- Packaging
- Automotive
- Building & Construction
- Agricultural Films
- Adhesives & Sealants
- Others
On the basis of region, the UV stabilizers market has been segmented as follows:
- Asia Pacific
- North America
- Europe
- Middle East & Arica
- South America
Recent Developments
- In March 2022, BASF announced plans to increase production capacity for hindered amine light stabilizers (HALS) at its facilities in Pontecchio Marconi, Italy, and Lampertheim, Germany. This capacity expansion was part of a multi-step investment plan aimed at meeting the growing demand for light stabilizers used in durable plastics applications. It enhances security of supply for its global customers by increasing production of HALS, which are key additives for plastic applications.
- In January 2022, SONGWON Industrial Co., Ltd., made an announcement that it has expanded its partnership with Bodo Möller Chemie GmbH. Through this partnership Bodo Moller will be a distributor of SONGWON’s PVC additives in Sub-Saharan African region..
- In October 2022, SONGWON launched two new products, SONGSORB 1164 and SONGNOX 9228 to meet the customer needs. These products are suitable for agriculture, packaging, building and construction, and home & personal care applications.
- In October 2022, Clariant introduced AddWorks AGC 970, a new light stabilizer solution for polyethylene agricultural films, that improves product durability in the mulch segment. It allows converters to extend the service life of their films by enhancing UV resistance and resistance to high levels of agrochemicals.
Frequently Asked Questions (FAQ):
Which are the major players in UV stabilizers market?
The key players profiled in the report include BASF SE (Germany), Evonik Industries AG (Germany), SONGWON INDUSTRIAL CO. LTD., (South Korea), Clariant AG (Switzerland), Solvay S.A. (Belgium), Unitechem Group (China), and Everlight Chemical Industrial Corporation (Taiwan).
What are the drivers and opportunities for the UV stabilizers market?
The increasing demand from packaging and construction industries are the major drives for UV stabilizers market. Also, the expansion in agricultural films industry is expected to create new opportunities for the market.
What are the various strategies key players are focusing within UV stabilizers market?
New product launches, expansion and partnership are some of the strategies atoped by key players to expand their global presence.
What is the CAGR of the UV Stabilizers Market?
The CAGR is 5.7%
What are the major factors restraining UV stabilizers market growth during the forecast period?
There are strict regulations for the use of plastics in some regions. Government of various countries are imposing ban on plastic use which is expected to restrict the market demand. .
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The study involved four major activities in estimating the market size for UV stabilizers. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Primary Research
The UV stabilizers market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the packaging, medical & healthcare, building & construction, automotive, consumer goods and others. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Breakdown of Primary Participants
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
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COMPANY NAME |
DESIGNATION |
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SONGWON Industrial Co. Ltd |
Director of Marketing |
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BASF SE |
Manager- Sales & Marketing |
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Evonik Industries AG |
Sales Manager |
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Clariant AG |
Production Manager |
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Solvay S.A. |
Operation Manager |
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the UV stabilizers market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
UV Stabilizers Market: Bottom-Up Approach
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UV Stabilizers Market: Top-Down Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the UV stabilizers industry.
Market Definition
UV stabilizers are compounds that are used to enhance the performance, shelf life, durability, and stability of plastics, polymers, and wood components. These stabilizers are capable of interfering with the physical and chemical processes of light-induced degradation, thus gaining high importance as a substitute for lead-based stabilizers. HALS, UV Absorbers and Quenchers are major types of UV stabilizers used in packaging, automotive and others.
Key Stakeholders
- UV stabilizers manufacturers
- UV stabilizers suppliers
- Raw material suppliers
- Service providers
- End users, such as automotive, construction, and other companies
- Government bodies
Report Objectives
- To define, describe, and forecast the UV stabilizers market in terms of value and volume
- To provide detailed information regarding the drivers, opportunities, restraints, and challenges influencing market growth
- To estimate and forecast the market size by type, application, and region
- To forecast the size of the market for five main regions: Europe, North America, Asia Pacific, South America, and the Middle East & Africa, along with their key countries
- To strategically analyze micromarkets1 with respect to their growth trends, prospects, and contribution to the overall market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To analyze competitive developments, such as deals and expansions, in the market
- To analyze the impact of the recession on the market
- To analyze the impact of COVID-19 on the market and end-use industries
- To strategically profile key players and comprehensively analyze their growth strategies
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application type
Company Information
- Detailed analysis and profiles of additional market players (up to five)
Generating Response ...
Growth opportunities and latent adjacency in UV Stabilizers Market