The global UV light stabilizers market size is expected to reach USD 2.06 Billion in 2028 and register a CAGR of 5.6% over the forecast period, according to the latest report by Reports and Data. Increasing demand for UV stabilizers in the automotive sector for improving automotive part production, increasing usage of UV stabilizers in building and construction activities, and rising awareness regarding UV repellent or UV resistant products are major factors driving market revenue growth. Ultraviolet Light Stabilizers are types of elements that are used to reduce the harmful effects of ultraviolet radiation. UV Stabilizers help to prevent degradation and enhance the physical properties of polymer and durability by managing their flexibility, appearance, and strength.
Ultraviolet Light Stabilizers are widely used in different end-use industries such as automotive, construction, textiles, agriculture, industrial coatings, consumer plastics, and others. Consumer plastics accounted for the largest revenue share in the global market in 2020. This can be attributed to the increasing demand for consumer plastics such as PET bottles, food containers, and others. Increasing urbanization in developing countries, rising preference for greenhouse films in agriculture sectors, growing investments by private investors in the development of advanced Ultraviolet Light Stabilizers, and rising focus on research and development of nanotechnology are some key factors expected to drive revenue growth of the global Ultraviolet Light Stabilizers market over the forecast period.
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Top 10 Companies Operating in the Global Ultraviolet 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.
Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key Ultraviolet 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 Ultraviolet Light Stabilizers market size
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global Ultraviolet Light Stabilizers market key players
3.2 Global Ultraviolet Light Stabilizers size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Ultraviolet 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)
Ultraviolet Light Stabilizers Market Segmentation
Type Outlook (Revenue, USD Billion; 2018-2028)
- Hindered Amine Light Stabilizers (HALS)
- UV Absorbers
- Quenchers
- Blends
Application Outlook (Revenue, USD Billion; 2018-2028)
- Furniture Interiors
- Decking Flooring
- Packaging
- Others
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Automotive
- Construction
- Textiles
- Agriculture
- Industrial Coatings
- Consumer Plastics
- Others
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