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The ultraviolet stabilizers market size is valued to increase USD 431.81 million, at a CAGR of 6.81% from 2023 to 2028. Rising demand in polymer industry will drive the ultraviolet stabilizers market.
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The ultraviolet stabilizers industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The hals segment is estimated to witness significant growth during the forecast period.
Ultraviolet (UV) stabilizers play a crucial role in enhancing the durability and resistance of various materials against UV radiation. These additives are essential for maintaining the color stability and material durability of coatings, plastics, and adhesives, particularly in applications exposed to intense sunlight. Polymer compatibility is a significant factor in UV stabilizer selection. Halogenated amine acids (HALS) are the most effective type, offering colorless, high-efficiency performance at low concentrations. They can be used synergistically with UV absorbers, which are often pigments acting as UV absorbers, to provide optimal protection for coatings and plastics. The ratio of UV absorbers and HALSs varies depending on the pigment concentration in coatings.
Clear coatings typically require a high amount of UV absorbers, while opaque pigment coatings require more HALSs. HALS is highly effective for the light stabilization of polyolefin materials, including polyethylene (PE), polypropylene (PP), thermoplastic olefin, thermoplastic elastomer, polystyrene (PS), polyamide, polyurethane, and polyacetal. UV stabilizer usage is on the rise, with a reported 18% increase in the coatings industry and a 21% increase in the plastics sector. Future growth is expected to continue, with a projected 19% increase in the coatings industry and a 20% increase in the plastics sector. The demand for UV stabilizers is driven by the need for weather resistance, UV degradation resistance, and photostabilization mechanisms in various applications.
HALSs and UV absorbers undergo degradation kinetics under processing conditions, which can impact their migration resistance and long-term performance. Toxicity testing, wavelength range, and regulatory compliance are essential considerations for UV stabilizer selection. UV-resistant coatings, cinnamate esters, and salicylate derivatives are alternative UV stabilizer types that offer various advantages. In conclusion, the UV stabilizer market is experiencing significant growth, driven by the increasing demand for UV protection in various industries. The selection of UV stabilizers requires a thorough understanding of their compatibility with polymers, application methods, UV protection performance, end-product lifespan, UV radiation intensity, and other factors. This ongoing process involves continuous research and development to ensure the most effective and sustainable solutions for UV stabilization.
The HALS segment was valued at USD 661.72 million in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 58% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In 2023, APAC held a significant share of the market. The region's dominance was fueled by the expanding demand in industries like construction, automotive coating, textile, and furniture. Rapidly evolving sectors such as cosmetics and coatings, competitive production costs, and high economic growth rates propelled the market's expansion in APAC. These factors have encouraged companies to expand their businesses in the region, leading to a gradual shift towards APAC. The market in APAC is expected to continue its growth trajectory, driven by the development of local markets and the manufacturing competitiveness of emerging economies. According to recent reports, the market for ultraviolet stabilizers in APAC is projected to reach approximately 1.5 million metric tons by 2027, growing at a steady pace.
Additionally, the market's value is anticipated to surpass USD5 billion during the same period. These figures underscore the market's potential and the significant role APAC plays in its growth.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The ultraviolet (UV) stabilizers market encompasses a range of products designed to mitigate the detrimental effects of UV radiation on polymers, thereby enhancing their long-term durability and performance. UV stabilizers play a crucial role in preventing polymer degradation caused by UV light, which can lead to color fading, loss of mechanical properties, and reduced material lifespan. Two primary categories of UV stabilizers exist: Hals (higher molecular weight hindered amine light stabilizers) and UV absorbers. Hals effectively penetrate polymers, forming a protective layer that shields them from UV radiation. In contrast, UV absorbers absorb UV light before it can cause damage, preventing polymer degradation.
The choice between Hals and UV absorbers depends on the specific polymer and application requirements. Determining the optimal UV stabilizer concentration is essential for achieving effective protection against UV degradation. Processing conditions significantly influence UV stabilizer performance, necessitating careful consideration during formulation development. Testing standards for UV stabilizer efficacy ensure consistent product quality and performance. UV stabilizer migration can impact product performance, leading to potential issues such as color changes and reduced effectiveness. Advanced UV stabilization technologies, including novel chemistries and formulations, are continually emerging to address these challenges. The environmental aspects of UV stabilizer use are a growing concern, with increasing focus on the development of eco-friendly alternatives.
Interactions between UV stabilizers and other additives can also impact material properties, necessitating careful formulation optimization for specific applications. Comparing the adoption rates of different UV stabilizer chemistries in various industries reveals significant variation. For instance, the automotive sector tends to favor Hals due to their superior UV protection capabilities, while the packaging industry often relies on UV absorbers for cost-effectiveness. In-depth analysis of UV degradation mechanisms in polymeric materials and the effects of different UV wavelengths on polymer degradation provides valuable insights into the role of UV stabilizers in enhancing material performance. Predicting the lifetime of UV stabilized materials under real-world conditions is a critical aspect of ensuring product reliability and customer satisfaction.
Overall, the market is a dynamic and evolving industry, driven by ongoing research and development efforts to address the diverse needs of various industries and applications.
The ultraviolet stabilizers market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the ultraviolet stabilizers market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Ultraviolet Stabilizers Industry
Companies are implementing various strategies, such as strategic alliances, ultraviolet stabilizers market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Adeka Corporation - The company specializes in providing ultraviolet stabilizers, including the ADK STAB LA series benzotriazole type UV absorber, for various applications in the automotive industry. These stabilizers effectively protect exterior and interior materials of automobiles and carports from UV damage.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Ultraviolet Stabilizers Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.81% |
Market growth 2024-2028 |
USD 431.81 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.98 |
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Ultraviolet Stabilizers Market between 2024 and 2028?
USD 431.81 million, at a CAGR of 6.81%
What segmentation does the market report cover?
The report segmented by Type (HALS, UV absorbers, and Quenchers), Application (Flooring and decking, Furniture, Automotive coatings, Packaging, and Others), Geography (APAC, Europe, North America, South America, and Middle East and Africa), and End-User (Automotive, Construction, Consumer Goods, and Industrial)
Which regions are analyzed in the report?
APAC, Europe, North America, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Rising demand in polymer industry, Compliance with strict safety and environmental requirements
Who are the major players in the Ultraviolet Stabilizers Market?
Key Companies Adeka Corporation, AkzoNobel, Altana AG, Arkema S.A., BASF SE, Chitec Technology, Clariant AG, Cytec Industries (Solvay), Eastman Chemical Company, Evonik Industries, Everlight Chemical, LANXESS, Mayzo Inc., Milliken & Company, Sabic, Sartomer (Arkema), SI Group, Songwon Industrial, Sumitomo Chemical, and Valtris Specialty Chemicals
We can help! Our analysts can customize this ultraviolet stabilizers market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Market Segmentation by End-User
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
13 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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