"Innovative Market Solutions to Help Businesses Make Informed Decisions"
The global UV stabilizers market size was valued at USD 1.42 billion in 2022 and is projected to grow from USD 1.49 billion in 2023 to USD 2.16 billion in 2030 at a CAGR of 5.5% during the 2023-2030 period.
UV stabilizers are a highly effective means of safeguarding materials against the damaging effects of UV radiation. They absorb UV light and then convert it into heat, which is dispersed harmlessly. These stabilizers are widely used in a variety of applications, including plastics, coatings, and textiles. They are particularly essential for outdoor use, where exposure to sunlight can lead to material degradation over time. Each type holds unique properties and advantages. Among the most commonly used varieties are benzophenones, benzotriazoles, hindered amine light stabilizers, and others, which are expected to foster the UV stabilizers market growth.
Disruptions in Supply Chain & Logistics Cutback Impacted Global Market during Pandemic
The outbreak of COVID-19 had a profound and far-reaching impact on the UV stabilizers industry, causing major disruptions to the global supply chain and significantly reducing demand for these products. As a result, product manufacturers faced severe logistics & transportation challenges as they attempted to navigate their products to meet the range of demand. Despite these challenges, the industry demonstrated resilience and adaptability, with many companies innovating to drive the obstructed demand across the market. Manufacturers focused on pushing limits to mitigate these effects and identify new growth opportunities.
Rising Awareness among Consumers about the Benefits of UV Stabilizers and their Ability to Extend the Lifespan of Products to Fuel Product Demand
UV stabilizers can extend the lifespan of products exposed to sunlight. These are the chemical compounds added to various materials to protect them from the harmful effects of UV radiation. They work by absorbing the UV energy and converting it into heat, which dissipates harmlessly into the surrounding environment. Stabilizers are particularly important in products that are exposed to sunlight for long periods, such as outdoor furniture, automotive parts, and building materials. Without stabilizers, the products would degrade and deteriorate much faster than they should, leading to premature failure and replacement.
In addition to extending the lifespan of products, the product can also help to maintain their appearance and performance over time. For example, outdoor furniture protected with UV materials will maintain its color and resist cracking, fading, and other forms of damage. Overall, the solutions are an important consideration for manufacturers and consumers. By protecting products from the detrimental effects of UV radiation, they can help extend their lifespan and reduce the need for replacement by saving both time and money in the long run.
Request a Free sample to learn more about this report.
Increasing Product Demand from Building & Construction Industry to Aid the Market Growth
There has been a steady increase in product demand from the building and construction industry. These stabilizers are essential in protecting building materials such as plastics, coatings, and polymers from the detrimental effects of UV radiation. The building and construction industry is constantly seeking innovative solutions to improve the durability and longevity of their products and UV stabilizers have proven to be an effective solution. With the increasing awareness of the harmful effects of UV radiation, these factors are expected to augment the UV stabilizers market share in the coming years.
Environmental Concerns Surrounding UV Stabilizers Pose Challenges for Market Growth
UV stabilizers can accumulate in the soil, water, and air, potentially harming plants, animals, and humans. They also resist degradation and can persist in the environment for long periods. This can lead to bioaccumulation, where the chemical concentrations increase as they move up the food chain, potentially harming ecosystems. In addition, some products are toxic to aquatic life, further highlighting the potential negative impact of their use on the sustainable environment, which may hinder the growth of the market in recent times. It is important to carefully consider the use of stabilizers and explore alternative options that may be more environmentally friendly.
Hindered Amine Light Stabilizers (HALS) Segment Holds a Dominant Share in the Global Market Due to its Higher UV Stabilization Efficiency
Based on type, the market is categorized into Hindered Amine Light Stabilizers (HALS), UV absorbers, quenchers, and others.
The Hindered Amine Light Stabilizers (HALS) segment held a dominant market share in 2022. The organic chemical compound serves as light stabilizers in polymers and coatings. HALS is a safeguarding agent against the detrimental effects of ultraviolet (UV) light on materials, thereby preventing fading, discoloration, and degradation. Moreover, HALS exhibits high efficacy at low concentrations and is not known to induce untoward effects on human health or the environment. This is extensively applied in various applications, including coatings for automotive and aerospace components, outdoor furniture, and building materials, thus providing impetus to the growth of the market significantly over the coming years.
UV absorbers are an innovative substance that employs hydroxyl groups to absorb ultraviolet rays, which are then transformed into harmless heat energy. This process effectively thwarts problems such as fading, discoloration, and other forms of damage. The value of UV absorbers is particularly apparent in products such as clothing, sunscreen, automotive paint, and building materials, where maintaining their appearance and structural integrity is paramount.
To know how our report can help streamline your business, Speak to Analyst
Packaging Segment to Hold Major Share Owing to the Growing Demand from Light Sensitive Product Category
By end-use industry, the market is segmented into packaging, automotive, agriculture, building & construction, adhesives & sealants, and others.
Packaging is the major leading segment in the UV stabilizers industry, as they are becoming increasingly popular in food packaging. Stabilizers can help protect the food from harmful UV rays, which can cause degradation of nutrients and spoilage. Blocking out these harmful rays can help keep food fresher for longer and prevent the growth of harmful bacteria and other microorganisms, which can further prolong the shelf life of food. With the increasing demand for sustainable packaging solutions, UV stabilizers are essential in producing high-quality packaging materials that can withstand exposure to UV radiation. This trend is expected to continue in the coming years as consumers become more environmentally conscious and demand for eco-friendly packaging options tends to rise. Companies specializing in these stabilizers for packaging applications will likely see significant growth and profitability shortly.
Automotive components perform substantial growth due to being constantly exposed to harsh environmental conditions such as heat, sunlight, and moisture. It is essential for the materials used to withstand these elements and maintain high performance throughout their service life. In North America, the Society of Automotive Engineers (SAE) has set industry standards for interior and exterior automotive components, dictating performance requirements in end-use environments. To meet these stringent requirements, advanced polymer additives such as UV light stabilizers are added to plastic-based materials, which helps to extend the service life of automotive components that boosts the market in coming years.
Geographically the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific UV Stabilizers Market Size, 2022 (USD Billion)
To get more information on the regional analysis of this market, Request a Free sample
Asia Pacific is estimated to hold the largest market share, owing to widespread product usage in the industrial and commercial sectors. The market is being driven by the growth of end-use industries such as packaging, automotive, and construction. The increasing demand for the material in China, India, and Japan is expected to drive the growth of the market in the region.
North America is likely to rise considerably during the forecast period. UV stabilizers are becoming increasingly popular in the North American market as more consumers turn to these products to protect their valuable investments. With the right material, consumers ensure their products look great for years, even in harsh outdoor conditions. The product is largely available for cars, boats, and furniture, with plenty of options in the region.
To know how our report can help streamline your business, Speak to Analyst
Europe has witnessed significant industrial development in the last decade. The increasing investment of the European Union in automobile and construction industries is the main factor driving the global market growth. The market is expected to witness significant growth in Germany, France, and the U.K.
The demand for stabilizers is rising in Latin America, particularly in industries such as packaging, adhesives, and agriculture. The rapid urbanization and growing number of industries, along with the lower labor cost in the region, also foster product demand during the forecast period.
The Middle East and Africa is expected to exhibit significant market growth over the study period. This is due to increased investment in the development of infrastructure and rapid growth in adhesives & sealants industry in Saudi Arabia. For instance, the emergence of e-commerce platforms such as noon.com is boosting the growth of the packaging industry, increasing the usage of the product in the region.
Leading Industry Players Forge Ahead with Expansion and Innovation
Prominent industry participants include BASF SE, Clariant AG, Solvay, Songwon, and other notable firms. These companies are actively engaged in expanding their production capacities, introducing new product lines, forming strategic alliances, pursuing acquisitions, and fostering partnerships to enhance their competitive position within the market.
BASF SE, for instance, boasts a significant presence in the European market, serving as the region's largest producer of specialized chemicals. The company operates across six distinct market segments, encompassing chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. Likewise, the remaining key market players have also established a robust regional footprint, well-developed distribution networks, and a diverse portfolio of products.
An Infographic Representation of UV Stabilizers Market
To get information on various segments, share your queries with us
The report provides a detailed analysis of the market and focuses on crucial aspects such as leading companies, products, and applications. It also offers insights into market trends and highlights vital industry developments. This report includes historical data & forecasts revenue growth at the global, regional, and country levels, and analyzes the industry's latest market dynamics and opportunities. In addition to the factors mentioned above, the report encompasses various factors contributing to the market growth in recent years.
CAGR of 5.5% from 2023 to 2030
Value (USD Billion); Volume (Kilo Tons)
By End-Use Industry
Fortune Business Insights says that the global market size was USD 1.42 billion in 2022 and is projected to reach USD 2.16 billion by 2030
Growing at a CAGR of 5.5%, the market will exhibit steady growth over the forecast period (2023-2030).
Packaging is expected to be the leading segment under the end-use industry segment in this market during the forecast period.
The rising product demand from the building & construction sector is a key factor driving the market growth.
BASF SE, Clariant AG, Solvay, and Songwon are a few of the leading players in the global market.
Asia Pacific dominated the global market in 2022.
The continuous demand of Hindered Amine Light Stabilizers (HALS) from various end-use industries is expected to drive market growth.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry