UV Stabilizers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of UV Stabilizers Market
The UV stabilizers market size was valued at USD 1.49 billion in 2023, and the market is now projected to grow from USD 1.56 billion in 2024 to USD 2.41 billion by 2032, exhibiting a CAGR of 5.5% during the forecast period of 2024-2032.
The COVID-19 outbreak extremely impacted the market, affecting significant interruptions to the worldwide supply chain and substantially reducing demand for UV stabilizers. Therefore, product manufacturers encountered severe logistics and shipping challenges as they navigated their products to meet numerous demands.
The use of stabilizers in the medical industry has become progressively significant as the demand for superior quality medical devices lasts to develop. With improvements in technology and the growing difficulty of medical devices, there is a necessity for advanced solutions that can augment the performance and endurance of medical equipment. UV stabilizers have recognized to be a dependable and operative solution in this regard which upsurge the UV stabilizers market growth.
UV stabilizers can spread the lifecycle of products bare to sunlight. These are the chemical compounds added to several materials to guard them from the dangerous effects of UV radiation. They work by engrossing the UV energy and transforming it into heat which dissolves safely into the nearby atmosphere. Stabilizers are predominantly vital in products that are visible to sunlight for extended periods.
Comprehensive Analysis of UV Stabilizers Market
The market can be segmented in various ways depending on the focus of study such as by end users and by type. Based on the type, the market is segmented into Hindered Amine Light Stabilizers (HALS), UV absorbers, quenchers, and others. By end-user, the market is segmented into packaging, automotive, agriculture, building & construction, adhesives & sealants, and others.
Asia Pacific region is dominating the UV stabilizers market share due to extensive product habit in the industrial and commercial sectors. The market is being focused by the development of end-use industries such as packing, automotive, and construction.
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and growing market share by merger, partnerships and others. These players include
BASF SE (Germany), Clariant AG (Switzerland), Songwon (South Korea), Solvay (Belgium), Suqian Unitech Corp Ltd. (China), Everlight Chemical Industrial Corp (Taiwan), SABO S.p.A. (Italy), Lycus Ltd., LLC (U.S.), Sarex (India), Jiangsu Chemk Co.,Ltd. (CHEMK) (China) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In November 2022, Songwon recently announced two new products, the Songnox 9228 antioxidant and the Songsorb 1164 UV absorber. According to the company, these polymer additives are appropriate for a range of industries, comprising packaging, farming, construction, and home and personal care. Songwon's goal is to offer incomparable quality, reliability, and dependability to their loyal customers.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.5% from 2024 to 2032
Unit Value (USD Billion); Volume (Million Ton)
Segmentation By Type
Hindered Amine Light Stabilizers (HALS)
UV Absorbers
Quenchers
Others
By End-Use Industry
Packaging
Automotive
Agriculture
Building & Construction
Adhesives & Sealants
Others
By Geography
North America (By Type, End-Use Industry, and Country)
- U.S. (By End-Use Industry)
- Canada (By End-Use Industry)
Europe (By Type, End-Use Industry, and Country)
- Germany (By End-Use Industry)
- U.K. (By End-Use Industry)
- France (By End-Use Industry)
- Italy (By End-Use Industry)
- Rest of Europe (By End-Use Industry)
Asia Pacific (By Type, End-Use Industry, and Country)
- China (By End-Use Industry)
- Japan (By End-Use Industry)
- India (By End-Use Industry)
- South Korea (By End-Use Industry)
- Rest of Asia Pacific (By End-Use Industry)
Latin America (By Type, End-Use Industry, and Country)
- Mexico (By End-Use Industry)
- Brazil (By End-Use Industry)
- Rest of Latin America (By End-Use Industry)
Middle East & Africa (By Type, End-Use Industry, and Country)
- GCC (By End-Use Industry)
- South Africa (By End-Use Industry)
- Rest of the Middle East & Africa (By End-Use Industry)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 on the Market
- 5. Global UV Stabilizers Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Type (Value and Volume)
- 5.2.1. Hindered Amine Light Stabilizers (HALS)
- 5.2.2. UV Absorbers
- 5.2.3. Quenchers
- 5.2.4. Others
- 5.3. By End-Use Industry (Value and Volume)
- 5.3.1. Packaging
- 5.3.2. Automotive
- 5.3.3. Agriculture
- 5.3.4. Building & Construction
- 5.3.5. Adhesives & Sealants
- 5.3.6. Others
- 5.4. By Region (Value and Volume)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America UV Stabilizers Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Type (Value and Volume)
- 6.2.1. Hindered Amine Light Stabilizers (HALS)
- 6.2.2. UV Absorbers
- 6.2.3. Quenchers
- 6.2.4. Others
- 6.3. By End-Use Industry (Value and Volume)
- 6.3.1. Packaging
- 6.3.2. Automotive
- 6.3.3. Agriculture
- 6.3.4. Building & Construction
- 6.3.5. Adhesives & Sealants
- 6.3.6. Others
- 6.4. By Country (Value and Volume)
- 6.4.1. U.S
- 6.4.1.1. By End-Use Industry (Value and Volume)
- 6.4.1.1.1. Packaging
- 6.4.1.1.2. Automotive
- 6.4.1.1.3. Agriculture
- 6.4.1.1.4. Building & Construction
- 6.4.1.1.5. Adhesives & Sealants
- 6.4.1.1.6. Others
- 6.4.2. Canada
- 6.4.2.1. By End-Use Industry (Value and Volume)
- 6.4.2.1.1. Packaging
- 6.4.2.1.2. Automotive
- 6.4.2.1.3. Agriculture
- 6.4.2.1.4. Building & Construction
- 6.4.2.1.5. Adhesives & Sealants
- 6.4.2.1.6. Others
- 7. Europe UV Stabilizers Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Type (Value and Volume)
- 7.2.1. Hindered Amine Light Stabilizers (HALS)
- 7.2.2. UV Absorbers
- 7.2.3. Quenchers
- 7.2.4. Others
- 7.3. By End-Use Industry (Value and Volume)
- 7.3.1. Packaging
- 7.3.2. Automotive
- 7.3.3. Agriculture
- 7.3.4. Building & Construction
- 7.3.5. Adhesives & Sealants
- 7.3.6. Others
- 7.4. By Country (Value and Volume)
- 7.4.1. Germany
- 7.4.1.1. By End-Use Industry (Value and Volume)
- 7.4.1.1.1. Packaging
- 7.4.1.1.2. Automotive
- 7.4.1.1.3. Agriculture
- 7.4.1.1.4. Building & Construction
- 7.4.1.1.5. Adhesives & Sealants
- 7.4.1.1.6. Others
- 7.4.2. U.K.
- 7.4.2.1. By End-Use Industry (Value and Volume)
- 7.4.2.1.1. Packaging
- 7.4.2.1.2. Automotive
- 7.4.2.1.3. Agriculture
- 7.4.2.1.4. Building & Construction
- 7.4.2.1.5. Adhesives & Sealants
- 7.4.2.1.6. Others
- 7.4.3. France
- 7.4.3.1. By End-Use Industry (Value and Volume)
- 7.4.3.1.1. Packaging
- 7.4.3.1.2. Automotive
- 7.4.3.1.3. Agriculture
- 7.4.3.1.4. Building & Construction
- 7.4.3.1.5. Adhesives & Sealants
- 7.4.3.1.6. Others
- 7.4.4. Italy
- 7.4.4.1. By End-Use Industry (Value and Volume)
- 7.4.4.1.1. Packaging
- 7.4.4.1.2. Automotive
- 7.4.4.1.3. Agriculture
- 7.4.4.1.4. Building & Construction
- 7.4.4.1.5. Adhesives & Sealants
- 7.4.4.1.6. Others
- 7.4.5. Rest of Europe
- 7.4.5.1. By End-Use Industry (Value and Volume)
- 7.4.5.1.1. Packaging
- 7.4.5.1.2. Automotive
- 7.4.5.1.3. Agriculture
- 7.4.5.1.4. Building & Construction
- 7.4.5.1.5. Adhesives & Sealants
- 7.4.5.1.6. Others
- 8. Asia-Pacific UV Stabilizers Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Type (Value and Volume)
- 8.2.1. Hindered Amine Light Stabilizers (HALS)
- 8.2.2. UV Absorbers
- 8.2.3. Quenchers
- 8.2.4. Others
- 8.3. By End-Use Industry (Value and Volume)
- 8.3.1. Packaging
- 8.3.2. Automotive
- 8.3.3. Agriculture
- 8.3.4. Building & Construction
- 8.3.5. Adhesives & Sealants
- 8.3.6. Others
- 8.4. By Country (Value and Volume)
- 8.4.1. China
- 8.4.1.1. By End-Use Industry (Value and Volume)
- 8.4.1.1.1. Packaging
- 8.4.1.1.2. Automotive
- 8.4.1.1.3. Agriculture
- 8.4.1.1.4. Building & Construction
- 8.4.1.1.5. Adhesives & Sealants
- 8.4.1.1.6. Others
- 8.4.2. Japan
- 8.4.2.1. By End-Use Industry (Value and Volume)
- 8.4.2.1.1. Packaging
- 8.4.2.1.2. Automotive
- 8.4.2.1.3. Agriculture
- 8.4.2.1.4. Building & Construction
- 8.4.2.1.5. Adhesives & Sealants
- 8.4.2.1.6. Others
- 8.4.3. India
- 8.4.3.1. By End-Use Industry (Value and Volume)
- 8.4.3.1.1. Packaging
- 8.4.3.1.2. Automotive
- 8.4.3.1.3. Agriculture
- 8.4.3.1.4. Building & Construction
- 8.4.3.1.5. Adhesives & Sealants
- 8.4.3.1.6. Others
- 8.4.4. South Korea
- 8.4.4.1. By End-Use Industry (Value and Volume)
- 8.4.4.1.1. Packaging
- 8.4.4.1.2. Automotive
- 8.4.4.1.3. Agriculture
- 8.4.4.1.4. Building & Construction
- 8.4.4.1.5. Adhesives & Sealants
- 8.4.4.1.6. Others
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. By End-Use Industry (Value and Volume)
- 8.4.5.1.1. Packaging
- 8.4.5.1.2. Automotive
- 8.4.5.1.3. Agriculture
- 8.4.5.1.4. Building & Construction
- 8.4.5.1.5. Adhesives & Sealants
- 8.4.5.1.6. Others
- 9. Latin America UV Stabilizers Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Type (Value and Volume)
- 9.2.1. Hindered Amine Light Stabilizers (HALS)
- 9.2.2. UV Absorbers
- 9.2.3. Quenchers
- 9.2.4. Others
- 9.3. By End-Use Industry (Value and Volume)
- 9.3.1. Packaging
- 9.3.2. Automotive
- 9.3.3. Agriculture
- 9.3.4. Building & Construction
- 9.3.5. Adhesives & Sealants
- 9.3.6. Others
- 9.4. By Country (Value and Volume)
- 9.4.1. Mexico
- 9.4.1.1. By End-Use Industry (Value and Volume)
- 9.4.1.1.1. Packaging
- 9.4.1.1.2. Automotive
- 9.4.1.1.3. Agriculture
- 9.4.1.1.4. Building & Construction
- 9.4.1.1.5. Adhesives & Sealants
- 9.4.1.1.6. Others
- 9.4.2. Brazil
- 9.4.2.1. By End-Use Industry (Value and Volume)
- 9.4.2.1.1. Packaging
- 9.4.2.1.2. Automotive
- 9.4.2.1.3. Agriculture
- 9.4.2.1.4. Building & Construction
- 9.4.2.1.5. Adhesives & Sealants
- 9.4.2.1.6. Others
- 9.4.3. Rest of Latin America
- 9.4.3.1. By End-Use Industry (Value and Volume)
- 9.4.3.1.1. Packaging
- 9.4.3.1.2. Automotive
- 9.4.3.1.3. Agriculture
- 9.4.3.1.4. Building & Construction
- 9.4.3.1.5. Adhesives & Sealants
- 9.4.3.1.6. Others
- 10. Middle East & Africa UV Stabilizers Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Type (Value and Volume)
- 10.2.1. Hindered Amine Light Stabilizers (HALS)
- 10.2.2. UV Absorbers
- 10.2.3. Quenchers
- 10.2.4. Others
- 10.3. By End-Use Industry (Value and Volume)
- 10.3.1. Packaging
- 10.3.2. Automotive
- 10.3.3. Agriculture
- 10.3.4. Building & Construction
- 10.3.5. Adhesives & Sealants
- 10.3.6. Others
- 10.4. By Country (Value and Volume)
- 10.4.1. GCC
- 10.4.1.1. By End-Use Industry (Value and Volume)
- 10.4.1.1.1. Packaging
- 10.4.1.1.2. Automotive
- 10.4.1.1.3. Agriculture
- 10.4.1.1.4. Building & Construction
- 10.4.1.1.5. Adhesives & Sealants
- 10.4.1.1.6. Others
- 10.4.2. South Africa
- 10.4.2.1. By End-Use Industry (Value and Volume)
- 10.4.2.1.1. Packaging
- 10.4.2.1.2. Automotive
- 10.4.2.1.3. Agriculture
- 10.4.2.1.4. Building & Construction
- 10.4.2.1.5. Adhesives & Sealants
- 10.4.2.1.6. Others
- 10.4.3. Rest of Middle East and Africa
- 10.4.3.1. By End-Use Industry (Value and Volume)
- 10.4.3.1.1. Packaging
- 10.4.3.1.2. Automotive
- 10.4.3.1.3. Agriculture
- 10.4.3.1.4. Building & Construction
- 10.4.3.1.5. Adhesives & Sealants
- 10.4.3.1.6. Others
- 11. Company Profiles
- 11.1. BASF SE (Germany)
- 11.1.1. Overview
- 11.1.2. Description
- 11.1.3. Type Portfolio
- 11.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.5. Recent Developments
- 11.2. Clariant AG (Switzerland)
- 11.2.1. Overview
- 11.2.2. Description
- 11.2.3. Type Portfolio
- 11.2.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.5. Recent Developments
- 11.3. Songwon (South Korea)
- 11.3.1. Overview
- 11.3.2. Description
- 11.3.3. Type Portfolio
- 11.3.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.5. Recent Developments
- 11.4. Solvay (Belgium)
- 11.4.1. Overview
- 11.4.2. Description
- 11.4.3. Type Portfolio
- 11.4.4. Financials (Data as available in public domain and/or on paid databases)
- 11.4.5. Recent Developments
- 11.5. Suqian Unitech Corp Ltd (China)
- 11.5.1. Overview
- 11.5.2. Description
- 11.5.3. Type Portfolio
- 11.5.4. Financials (Data as available in public domain and/or on paid databases)
- 11.5.5. Recent Developments
- 11.6. Everlight Chemical Industrial Corp (Taiwan)
- 11.6.1. Overview
- 11.6.2. Description
- 11.6.3. Type Portfolio
- 11.6.4. Financials (Data as available in public domain and/or on paid databases)
- 11.6.5. Recent Developments
- 11.7. SABO S.p.A. (Italy)
- 11.7.1. Overview
- 11.7.2. Description
- 11.7.3. Type Portfolio
- 11.7.4. Financials (Data as available in public domain and/or on paid databases)
- 11.7.5. Recent Developments
- 11.8. Lycus Ltd., LLC (U.S.)
- 11.8.1. Overview
- 11.8.2. Description
- 11.8.3. Type Portfolio
- 11.8.4. Financials (Data as available in public domain and/or on paid databases)
- 11.8.5. Recent Developments
- 11.9. Sarex (India)
- 11.9.1. Overview
- 11.9.2. Description
- 11.9.3. Type Portfolio
- 11.9.4. Financials (Data as available in public domain and/or on paid databases)
- 11.9.5. Recent Developments
- 11.10. Jiangsu Chemk Co.,Ltd (CHEMK) (China)
- 11.10.1. Overview
- 11.10.2. Description
- 11.10.3. Type Portfolio
- 11.10.4. Financials (Data as available in public domain and/or on paid databases)
- 11.10.5. Recent Developments
- 12. Strategic Recommendations
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