The global Ultraviolet (UV) light stabilizers market size was USD 1.32 Billion in 2020 and is expected to register a revenue CAGR of 5.6% during the forecast period. Some major factors driving market revenue growth include increasing requirement of UV stabilizers in automotive industry for use in parts manufacturing, increasing usage in building and construction activities, and rising awareness regarding UV repellent or UV resistant products. UV light stabilizers are types of elements that are used to reduce harmful effects of ultraviolet radiation. UV Stabilizers help to prevent degradation, enhance physical properties and durability of polymer by maintaining the material’s flexibility, appearance, and strength. These systems absorb radiation generated by the artificial light source or sunlight, neutralizes the effects of UV rays, and increases the strength of the material. UV light stabilizers are widely used in various end-use industries such as automotive, construction, textiles, agriculture, industrial coatings, consumer plastics, and others.
Top Companies Operating in the Global UV Light Stabilizers Market:
Everlight Chemical, Evonik Industries AG, Lycus Ltd, Cytec Industries Inc., BASF, BYK-Chemie GmbH, AkzoNobel N.V., Mayzo Inc. Songwon Industrial Co, Ltd and Chemtura Corporation.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key UV Light Stabilizers market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global UV Light Stabilizers market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global UV Light Stabilizers market key players
3.2 Global UV Light Stabilizers size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the UV Light Stabilizers market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
UV Light Stabilizers Market Segmentation
By Type Outlook
- Hindered Amine Light Stabilizers (HALS)
- UV Absorbers
- Quenchers
- Blends
By Application Outlook
- Furniture Interiors
- Decking Flooring
- Packaging
- Others
By End-Use Outlook
- Automotive
- Construction
- Textiles
- Agriculture
- Industrial Coatings
- Consumer Plastics
- Others
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