UV Stabilizers Market Size, Share, By Type (UV Absorbers, Hindered Amine Light Stabilizers, Quenchers, and Antioxidants), By End-User (Packaging, Automotive, Agriculture, Building and Construction, Adhesives and Sealants, and Others) and By Region - Trends, Analysis and Forecast till 2034

Report Code: PMI553824 | Publish Date: July 2024 | No. of Pages: 187

Uv Stabilizers Market Overview

  • The UV stabilizers market size is expected to be USD 3.60 billion by 2034.
  • The target market was valued at USD 2.1 billion in 2024.
  • The market is expected to grow at a CAGR of 6.1% during the forecast period.

UV stabilizers are added into materials in the form of chemical compounds to protect them from harmful effects of ultra-violet radiations. It is a radiation from the sun and gives most artificial light, mainly causing the degradation of materials by bringing in discoloration, cracking, and loss of physical properties. These copolymers stabilize material by absorbing, reflecting, or scattering destructive UV rays to the available chemical links from their damaging effects, such that destruction of the chemical bonds is prevented, making the material safe and long lasting. The market is expected to witness significant growth during the forecast period owing to the high demand for durable products.

Key Takeaways:

  • North America is dominating the market due to the robust technological advancements in the region.
  • Asia Pacific is the fastest-growing region in the market owing to increasing industrialization and urbanization.

UV Stabilizers Market Research Report

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Uv Stabilizers Market Drivers & Restraints

Growing Demand for Durable Products to Augment Market Growth

  • The increasing consumer demand for products with a long-life expectancy is consequently fueling demand for UV stabilizers. During outdoor exposure, the products, such as auto parts, building material, and agricultural film, are easily degraded by UV. UV stabilzers prevent fading of color, cracking, and loss of mechanical properties associated with exposure to UV, thus ensuring the durability and performance of the product.

Surge in the End-Use Industries to Fuel Market Expansion

  • As the construction industry, which is accelerated with increasing urbanization and infrastructure development, act as the major driver for UV stabilizers, further driving the UV stabilizers market growth. There will be growing demand for durable and long-lasting building materials, especially roofing, siding, and window applications, which demands UV stabilizers to protect the materials from harmful sun rays.

Restraints:

Fluctuating Raw Materials Prices May Hamper Market Growth

  • Raw materials used for the production of UV stabilizers, mainly based on benzophenones, hindered amines, and benzotriazoles, can easily reach up to 70% of the total production costs; therefore, changes in the prices of raw materials will significantly influence overall production costs and profitability. The volatility in the prices of these raw materials can result in uncertainties in the market with respect to the effect on pricing strategies and profit margins of UV stabilizer manufacturers. Another important thing can be the availability of these raw materials. Due to the disruption in supply chains or shortage, it creates a hindrance in production and impacts cost.

Opportunities:

New and Emerging Application Areas and Technological Advancements to Boost Market Growth in Future

  • This multi-functionality of UV stabilizers allows new and emerging applications far beyond its traditional sectors. For instance, the personal care industry is using UV stabilizers for applications in skin care as well as hair care products for providing protection against the sun. Moreover, enhancement in the outside furniture and fabrics results in increased demand for quality protection against UV. By doing so, it means that the companies can move beyond their existing markets and tap into newer revenue opportunities by knowing exactly the requirements of that particular industry.
  • Constant research and development activities will ensure the upper edge in comparison to their nearest competitors and meeting the dynamic demands of the market. Innovative UV stabilizers with improved properties for light absorption, thermal stability, and applicability to various kinds of polymers will unfold new market opportunities. For instance, the development of UV stabilizers that could withstand harsh environmental conditions, such as high temperatures and humidity, would enable their application in new ranges of industries, for example, construction and agriculture. An additional effect might relate to the use of nanotechnology for producing much more efficient and long-life UV stabilizers with added performance characteristics.

Uv Stabilizers Market Segmentations & Regional Insights

The UV stabilizers market is segmented into type and end-user.  

By Type:

Based on type, the market is divided into UV absorbers, hindered amine light stabilizers, quenchers, and antioxidants. The UV absorbers segment is holding the largest UV stabilizers market share. The growth of the segment is attributed to their rising use in coatings, plastics, and adhesives.

By End-User:

On the basis of end-user, the market is categorized into packaging, automotive, agriculture, building and construction, adhesives and sealants, and others. The packaging segment is leading the market. The growth is attributed to the growing demand for UC protection in packaging due to the rising need for aesthetics and consumer appeal in different products.

Region:

On the basis of geography, the UV stabilizers market is analyzed across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

  • North America is a mature market for UV stabilizers due to robust technological advancement and an established manufacturing base. Moreover, the presence of the key business players and a strong automobile and construction industry is another reason behind the heightened demand for UV protection in this region. Besides, increasing emphasis on sustainability and complying with regulations has resulted in the use of eco-friendly UV stabilizers in many applications.
  • Asia Pacific represents the fastest-growing regional market for UV stabilizers, driven by rapid industrialization, urbanization, and rising disposable incomes. Countries, such as China and India are high-volume consumers on account of the rapidly growing automotive, packaging, and construction sectors. Enormous growth opportunities exist in this region as economies continue to grow in intensity and environmental concerns escalate.

UV Stabilizers Market Report Scope:

Attribute

Details

Market Size 2024

USD 2.1 Billion 

Projected Market Size 2034

USD 3.60 Billion

CAGR Growth Rate

6.1%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - UV Absorbers, Hindered Amine Light Stabilizers, Quenchers, and Antioxidants

By End-User - Packaging, Automotive, Agriculture, Building and Construction, Adhesives and Sealants, and Others

Regional scope

North America - U.S. and Canada

Europe – U.K., Germany, Spain, France, Italy, Russia, and Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, and Rest of Asia Pacific

Latin America - Brazil, Mexico, Argentina, and Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, and Rest of the Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segmentation:

By Type:

  • UV Absorbers
  • Hindered Amine Light Stabilizers
  • Quencher
  • Antioxidants

By End-User:

  • Packaging
  • Automotive
  • Agriculture
  • Building and Construction,
  • Adhesives and Sealants
  • Others

By Region:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Uv Stabilizers Market Competitive Landscape & Key Players

The key players in the UV stabilizers market are ALTANA, Adeka, Ampacet, BASF, and others. These major players are adopting strategies, such as new product launches and others, to strengthen theirs position in the market.

List of Key Players in the Market:

  • ALTANA
  • Adeka
  • Ampacet
  • BASF
  • Clariant
  • Everlight Chemical
  • Evonik
  • Lycus
  • Milliken
  • Nouryon
  • SABO
  • SI Group
  • Solvay
  • Songwon
  • UniteChem

UV Stabilizers Market Key Players

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Uv Stabilizers Market Recent News

  • In September 2023, Tosaf launched UV barrier for thin transparent food packaging, Tosaf’s. It is a newly developed barrier solution UV9389PE EU, which ensures that clear packaging films provide a high blocking effect against UV radiation within the wavelength range of 200 nm to 380 nm, even at low thicknesses. Hence this additive efficiently protects foods from discoloration, loss of vitamins, and flavor due to the degrading effect of artificial light during storage, shipment, and on the shelf. In such a way, Tosaf's new UV blocker helps prevent food wastage through too-early decay.

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Uv Stabilizers Market Company Profile

Company Name

ALTANA AG

Headquarters

Wesel, Germany

CEO

Martin Babilas

Employee Count (2024)

7,000 Employees

FAQs

UV stabilizers market size was valued at USD 2.1 billion in 2024 and is expected to grow at a CAGR of 6.1% to reach USD 3.60 billion by 2034.

The UV Stabilizers Market is segmented into Type, End-User, and Region.

Factors driving the market include Growing Demand for Durable Products, The growing end-use industries.

The UV Stabilizers Market's restraints include Fluctuating Raw Materials Prices.

The UV Stabilizers Market is segmented by region into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America is expected to dominate the Market.

The key players operating the UV Stabilizers Market include ALTANA, Adeka, Ampacet, BASF, Clariant, Everlight Chemical, Evonik, Lycus, Milliken, Nouryon, SABO, SI Group, Solvay, Songwon, UniteChem.