Ultraviolet (UV) Stabilizers Market Forecasts to 2028 - Global Analysis By Type (Quenchers, Hindered Amine Light Stabilizers (HALS)), Application (Adhesives & Sealants, Plastics, Ink, Architectural) and By Geography

According to Stratistics MRC, the Global Ultraviolet (UV) Stabilizers Market is accounted for $1.14 billion in 2021 and is expected to reach $1.73 billion by 2028 growing at a CAGR of 6.2% during the forecast period. UV stabilizers are equipment manufactured to avoid degradation caused by exposure to ultraviolet radiation. They act as a shield for short and long exposures to UV radiations of the sun. UV stabilizers market are gaining traction owing to its action as a coating to plastics which includes cosmetics and films to protect the substance from long-term UV degradation effects of ultraviolet radiation. Prolonged exposure of plastics and polymers to UV rays may result in photo-degradation. Photo-degradation process occurs during prolonged exposure of a polymer to UV-radiations thereby, deteriorating the physical properties of the substance such as color change, material strength loss, elongation and tensile strength properties or chalking of substances. As a result, manufacturers employ UV light stabilizers to protect the exposed components to prevent damage.

Market Dynamics:

Driver:

Growing demand for the packaging industry

UV stabilizers can impart retention properties to packaging materials to maintain their quality and durability on exposure to sunlight and harsh climate conditions. The long-term durability of packaging materials is the major factor driving the UV stabilizers market. UV stabilizers find major applications in the packaging of food and beverages and other consumer products, cosmetics, and pharmaceuticals. The growth in the global packaging market is mainly driven by the food & beverage, retail, and healthcare industries.

Restraint:

Fluctuations 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 raw materials are selected based on end-use application requirements and specifications. The raw material market for UV stabilizers is highly volatile, with a major impact on the fluctuations of the price of CDON, CYC, benzene, aluminum chloride, and amine. The availability and prices of raw materials, especially CDON, CYC, and chlorides, fluctuate, and the rise in their prices can adversely affect the manufacturing cost.

Opportunity:

Increasing use of nanocomposites in UV stabilizers

Nanotechnology plays a major role in the UV stabilizers market. The nanocomposite materials have the capability to enhance the properties of coating systems by improving UV stability and scratch-resistance of the coated product. The nano-sized oxides, such as TiO2, ZnO2, and CeO2, are used as inorganic UVAs to increase the longevity of coated substrates. Nano-size ZnO2 is a good broad-band UVA, while CeO2 shows high efficiency in the UV-B region. These nano-based composites are used in both solvent-borne and waterborne coating systems; thus, they are easy to use in UV stabilizers. Conventional UVAs are organic stabilizers that tend to degrade easily; thus, nano-based inorganic UVAs offer an additional advantage of greater long-term protection.

Threat:

Stringent governmental regulations

Although the global UV stabilizers market is gaining importance, few factors such as volatility in UV stabilizers raw material prices and stringent governmental regulations still remain to act as a bottleneck towards the growth of UV stabilizers in the global market.

The HALS segment is expected to be the largest during the forecast period

The HALS segment is projected to be the largest share in the market due to the increasing demand from applications, such as polyolefin films and thin and thick sections of polymers, including injection molding, extrusion, and blow molding. The non-degradability, long-term UV protection, durability, and high performance of HALS govern the market growth.

The packaging segment is expected to be the largest during the forecast period

The packaging segment is expected to be the largest share in the market. The increasing disposable income and changing consumer lifestyles have increased the use of plastics as packaging products, such as bottles, caps & closures, transport crates, containers & drums, and films. The growing demand for HALS and UV absorbers in PET bottles, food & beverage containers, and pharmaceutical packaging to protect packaging materials and their content from degradation has fueled the UV stabilizers market in the packaging segment.

Region with highest share:

North America is projected to hold the largest share in the market due to the rise in the housing projects. Furthermore, the technological developments in the furniture and construction industries and the strict environment guidelines will further boost the growth of the Ultraviolet (UV) stabilizers market in the region during the forecast period.

Region with highest CAGR:

The Asia Pacific is projected to have the highest CAGR due to the emerging construction and furniture application areas. Moreover, the occurrence of the major user's countries which is further anticipated propelling the growth of the Ultraviolet (UV) stabilizers market in the region in the coming years.

Key players in the market:

Some of the key players profiled in the Ultraviolet (UV) Stabilizers Market include BASF SE, Addivant, Adeka Corporation, Altana AG, Chitec Technology Co., Ltd., Clariant AG, Everlight Chemical Industrial Corp., Kemipex, Lycus Ltd., Mayzo, Inc., Rianlon Corporation, SABO S.p.A., Solvay SA, Songwon Industrial Co., Ltd., and Valtris Specialty Chemicals.

Key developments:

In July 2021: SONGWON Industrial Co. Ltd extended their long-standing partnership for the SABO STAB HALS portfolio. SABO has enjoyed consistent collaborative success with SONGWON for almost a decade. It is very pleased with the extension of the partnership which has been built on solid trust and shared expertise, and it values the opportunity to continue combining the strengths and capabilities to achieve the ambitious business goals in the polymer additives arena.

In April 2019: BASF SE launched a new product under the Tinuvin series called NOR 31, used in greenhouse films in agriculture. With Tinuvin NOR 371, greenhouse films can withstand weathering for at least three to four years. To get the most out of greenhouse technologies, light stabilizers need to be added to the polymer during manufacturing of greenhouse films.

Types Covered:

• Quenchers
• Hindered Amine Light Stabilizers (HALS)
• Ultraviolet (UV) Absorber

Applications Covered:

• Adhesives & Sealants
• Agriculture
• Automotive (Component)
• Coatings
• Furniture
• Building & Construction (Flooring and Decking)
• Packaging
• Plastics
• Ink
• Architectural

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances