CHICAGO, May 16, 2023 /PRNewswire/ -- The report "UV Stabilizers Market by Type (HALS, UV Absorbers, Quenchers), Application (Packaging, Automotive, Agricultural films, Building & Construction, Adhesives & Sealants), & Region (Asia Pacific, North America, Europe) - Global Forecast to 2028", size was USD 1.3 billion in 2022 and is projected to reach USD 1.8 billion by 2028, at a CAGR of 5.7%, between 2023 and 2028.
UV stabilizers are used in various construction industry products. When exposed to sunlight for extended periods of time, building materials like plastics, coatings, paints, adhesives, and sealants are vulnerable to UV damage. UV stabilizers aid in the preservation of these material's structural integrity, colour, and physical characteristics, ensuring long-lasting performance even in adverse outdoor conditions. The increasing urbanization brought on by the expanding world population necessitates more homes, infrastructure, and commercial structures. This is increasing the demand for UV stabilizers in building & construction application.
Browse in-depth TOC on "UV Stabilizers Market"
326 – Tables
50 – Figures
266 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=122183376
HALS is projected to register the highest CAGR, in terms of value, of the global UV stabilizers during the forecast period.
HALS is projected to register the highest CAGR in terms of both value and volume, during the forecast period. Due to their excellent thermal stability and low volatility, which allow them to survive high temperatures and maintain their effectiveness for longer periods of time, HALS UV stabilizers are favoured in automotive applications. They function by scavenging free radicals produced because of UV exposure, which helps stop the material from deteriorating. The use of HALS UV stabilizers can help extend the lifespan of car components as well as maintain their appearance and performance over time.
Automotive is estimated to be the second-largest application of the UV stabilizers, in terms of value, during the forecast period.
The automotive segment is estimated to be the second-largest application of the UV stabilizers market during the forecast period. UV stabilizers have become a popular choice for automotive due to their effectiveness in protecting automotive coatings and plastics from UV radiation damage, which can help improve the longevity and durability of automotive components. The global automotive industry is also influenced by various trends such as the shift towards electric and hybrid vehicles, increasing demand for connectivity and autonomous driving features, and the growing popularity of shared mobility services. All these factors drive the demand for UV stabilizers in automotive application.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=122183376
Asia Pacific is estimated to be the largest market for the UV stabilizers market, in terms of value, during the forecast period.
Asia Pacific is the largest and fastest-growing UV stabilizers market. Asia uses plastic packaging extensively, with nations like China and India making significant contributions through their food and beverage industries. Over the past few years, the packaging sector has been a significant driver of innovation and technology in the country, bringing value to a variety of production sectors, including agriculture and fast-moving consumer (FMCG) segments. Also increasing demand for upgraded and advanced vehicles in developing countries like India, and China is fueling the market for UV stabilizers in automotive application.
The key players profiled in the report include BASF SE (Germany), Evonik Industries AG (Germany), SONGWON INDUSTRIAL CO. LTD., (South Korea), Clariant AG (Switzerland), Solvay S.A. (Belgium), Unitechem Group (China), and Everlight Chemical Industrial Corporation (Taiwan).
Browse Adjacent Market: Specialty Chemicals Market Research Reports & Consulting
Related Reports:
UV Absorbers Market - Global Forecast to 2028
Polymer Stabilizer Market - Global Forecast to 2022
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/uv-stabilizer-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/uv-stabilizer.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
SOURCE MarketsandMarkets
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO01516&Transmission_Id=202305160400PR_NEWS_USPR_____IO01516&DateId=20230516)
Share this article