The Global UV Stabilizers Market accounted for USD 950.2 million in 2016 and is projected to grow at a CAGR of 6.5% during the forecast period of 2017 to 2024.
Major Market Competitors: UV Stabilizers Market
Some of the major players in UV stabilizers market include BASF SE, Songwon Industrial Co., Ltd., Clariant AG, Solvay SA, Altana AG, Adeka Corporation, Addivant, Valtris Specialty Chemicals, Lycus Ltd., Mayzo, Inc., Everlight Chemical Industrial Corporation, Adeka Corporation, Chemipro Kasei Kaisha, Ltd., Chitec Technology Co., Ltd., Sunshow, Everspring Chemical Co., Ltd., Ichemco SRL, Lambson Limited, MPI Chemie B.V., Qingdao Jade New Material Technology, and many more.
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Competitive Landscape: UV Stabilizers Market
The global UV stabilizers market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Market Definition: UV Stabilizers Market
UV stabilizers are used frequently in plastics, including cosmetics and films. The primary function is to protect the substance from the long-term UV degradation effects from ultraviolet radiation. The latest trend in this market is high demand of UV stabilizers in Asia-pacific and demand in North America for the wood coatings. There is growing demand of UV stabilizers for applications such as floor coating, decking, automotive coating, furniture coating, adhesives & sealants, are the driving for the UV stabilizer market in the forecasted years.
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Market Segmentation: UV Stabilizers Market
The UV stabilizers market is segmented on the basis of type into hindered amine light stabilizers (HALS), UV absorber and quenchers.
On the basis of application, the market is segmented into floor coating, decking, automotive coating, furniture coating, and adhesives & sealants.
On the basis of geography, the UV stabilizers market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.
Major Market Drivers:
- High demand of UV stabilizers in the Asia-Pacific Region
- Increasing demand for greenhouse film
- Increasing demand for wood coatings around the world
Market Restraint: UV Stabilizers Market
- Raw material prices fluctuation
- High production cost of UV stabilizers
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