The Business Research Company’s report on the UV Stabilizers Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the uv stabilizers market in recent years?
The increase in the production of vehicles by the automotive industry and the use of packaging contributed to the growth of the market. Due to the increasing population along with the improved standard of living and urbanization, there is a growing demand for automobiles. The automotive industry manufactures lightweight vehicles utilizing plastic materials along with UV stabilizers to promote the durability of vehicles’ components. Automotive manufacturers are expanding in China, India, and European countries. As per OICA, the number of vehicles produced in China is 25.72 million, the USA is 10.88 million, Japan is 9.68 million, Germany is 4.66 million, and India is 4.51 million. Moreover, the growing population demands well-packed food, well-constructed houses, and cars. The United Nation projected that the world’s population is expected to reach 9.7 billion by 2050. The increasing awareness about UV rays, increased the adoption of UV stabilizers to protect materials from degradation and improve their strength, thereby driving the market.
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What is the projected market size of the uv stabilizers industry, and how is it expected to grow?
The UV stabilizers market size has grown strongly in recent years. It will grow from $1.8 billion in 2024 to $1.94 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increased data processing needs, semiconductor industry growth,r&d investments, globalization of electronics manufacturing, regulatory requirements
The UV stabilizers market size is expected to see strong growth in the next few years. It will grow to $2.7 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increasing demand for advanced consumer electronics,transition to advanced nodes, supply chain optimization, growing demand for consumer electronics, industry partnerships. Major trends in the forecast period include nanotechnology integration, industry 4.0 integration, real-time monitoring and control,5g technology, miniaturization and compact design.
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Who are the key players driving competition in the uv stabilizers market?
Major companies operating in the UV stabilizers market include Addivant LLC, BASF SE, Clariant AG, Solvay S.A., Adeka Corporation, Songwon Industrial Co. Ltd., Valtris Specialty Chemicals Limited, ALTANA AG, Mayzo Inc., Lycus Ltd., Everlight Chemical Industrial Corp., Chitec Technology Co. Ltd., SABO S.p.A., Eastman Chemical Company, Evonik Industries AG, MPI Chemie BV, Noroo Chemical Co. Ltd., AkzoNobel N.V., Ampacet Corporation, Ashland Global Holdings Inc., Chemtura Corporation, Cytec Solvay Group, Everlight Americas Inc., Huntsman Corporation, IGM Resins B.V., Lambson Limited, Milliken & Company, Omnova Solutions Inc., Wanhua Chemical Group Co. Ltd., Unitechem Co. Ltd.
What key trends are expected to drive the used cars market during the forecast period?
Major companies operating in the UV stabilizers market are increasing their focus on introducing innovative UV stabilizers, such as UV-C spectrum, to gain a competitive edge in the market. UV-C stabilizers are a type of additive used to protect polyolefin surfaces from degradation and discoloration caused by exposure to UV radiation in the UV-C spectrum. For instance, in July 2022, Solvay S.A., a Belgium-based chemical company, launched UV-C stabilizers designed for use in hygiene applications where polyolefin surfaces are treated with ultraviolet (UV) light in the UV-C spectrum (200–280 nm) to fight against COVID-19 and hospital-acquired infections. This new proprietary stabilization technology is a significant milestone for the polyolefin industry as it is the first to address the risks of polyolefin degradation, discoloration, and micro-crack formation, which are caused by frequent exposure to UV-C irradiation.
Which key geographies are driving the growth of the uv stabilizers market?
Asia-Pacific was the largest region in the UV stabilizers market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the UV stabilizers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the key segments driving growth in the uv stabilizers market?
The UV stabilizers market covered in this report is segmented –
1) By Type: Hindered Amine Light Stabilizers, UV Absorbers, Quenchers
2) By End-Use Industry: Architectural, Agriculture, Automotive, Furniture, Packaging, Other End-Use Industries
3) By Application: Coatings, Adhesives and Sealants, Plastics, Other Applications
Subsegments:
1) By Hindered Amine Light Stabilizers (HALS): Primary HALS, Secondary HALS
2) By UV Absorbers: Benzotriazole, Benzophenone
3) By Quenchers: Singlet Oxygen Quenchers, Energy Transfer Quenchers, Others
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How is the uv stabilizers market defined?
UV stabilizers absorb the radiation coming from the sun or artificial light source, neutralize the light rays, and thus increase the strength of the material by lowering the cracks of the products. UV stabilizers are also used in indoor or outdoor applications such as coating and paint products.
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