UV 안정제 시장 예측(-2030년) : 유형별, 첨가제별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global UV Stabilizers Market is accounted for $1.42 billion in 2023 and is expected to reach $2.35 billion by 2030 growing at a CAGR of 7.7% during the forecast period. UV stabilizers are equipment designed to prevent deterioration brought on by exposure to ultraviolet light. They serve as anonymity for both sporadic and prolonged solar exposures. Manufacturers use UV light stabilizers to preserve UV-exposed components and to reduce losses and damage. Absorbers, hindered amine light stabilizers (HALS), and quenchers are just a few of the UV stabilizers that are often used in coating substrates for flooring, decking, furniture, and interior and exterior vehicle parts, among other uses.

Market Dynamics:

Driver:

Increasing demand in packaging sector

After being exposed to sunlight and extreme weather, packing materials can benefit from UV stabilizers by maintaining their quality and toughness. Food discoloration, accelerated oxidation of oils and fats, and vitamin content loss in fruit juices and milk are just a few of the negative effects that UV radiation may have on packaging for food and beverages, pharmaceuticals, household goods, cosmetics, and personal care products. UV stabilizers shield plastic packaging and its contents from the ultraviolet and infrared radiation that the sun emits. The last longing durability of the packaging materials is primarily boosting the market demand.

Restraint:

Strict regulations

To control the amount of petrochemicals and other components used in the synthesis of UV stabilizers, government bodies established a variety of rules and standards. Additionally, they control how many UV stabilizers are applied in specific end-use scenarios. Manufacturers are required to submit risk assessments and pre-manufacture warnings for new chemicals. Manufacturers should mandatorily follow the Toxic Substances Control Act's (TSCA) procedures. This factor can prevent the market expansion.

Opportunity:

Growing modern agriculture

UV stabilizers play a key role in contemporary agriculture through their inclusion in agricultural films including greenhouse films, mulch films, and silage films. These films are crucial for crop protection, growth optimization, and effective resource management. Agricultural film's effectiveness and longevity might be decreased with time as a result of UV light from the sun's deterioration. UV stabilizers aid agricultural films in modifying food patterns, increasing the number of nano greenhouses, and enhancing agricultural production. Thus, the prerequisite for UV stabilizers is fuelled by the expansion of agricultural films.

Threat:

High cost of raw materials

Several raw ingredients, including CDON, CYC, benzoyl chloride, benzene, aluminum chloride, sodium nitrite, acetic acid, TAA, and 3-benzaphthalides, are used in the production of UV stabilizers. Changes in the pricing of these raw materials can have a direct influence on the price of generating UV stabilizers. Manufacturers of UV stabilizers may incur greater manufacturing expenses if the cost of essential raw materials rises dramatically. If consumers can't afford the higher prices, UV stabilizers can be more expensive and less desirable. The market's expansion is being hampered by the aforementioned issue.

COVID-19 Impact:

The COVID-19 epidemic has had a negative effect on the market outlook for UV light stabilizers since a significant portion of the workforce in businesses all around the world works remotely. As a result, tourism suffered, which in turn lowered the market for light stabilizers. Market participants have carefully planned how to improve their supply chain so that they can take advantage of possibilities during a pandemic. They also concentrate on taking advantage of new prospects with increased market adoption of UV light stabilizer technology due to cost concerns and extended display options employing micro lenses.

The Hindered Amine Light Stabilizers (HALS) segment is expected to be the largest during the forecast period:

The Hindered Amine Light Stabilizers (HALS) segment is estimated to have a lucrative growth. HALS has excellent UV protection capabilities. They combine efficiency, robustness, and compatibility with other materials and additives. By scavenging free radicals produced by photo oxidation, HALS is turned on when exposed to light. Depending on the thickness, HALS additives shield the polymer's interior and outside. The segment's expansion is being accelerated by its superior long-term colour retention, lower coat weights, unwavering stability, and lengthy service.

The packaging segment is expected to have the highest CAGR during the forecast period:

The packaging segment is anticipated to witness the fastest CAGR growth during the forecast period. UV stabilizers shield products from the harmful effects of UV radiation while they are being kept and transported. UV radiation can cause colour fading, various forms of deterioration, and discoloration in packed items, especially those that are light-sensitive like food, medicines, and cosmetics. The need for UV stabilizers in packaging is anticipated to expand as a result of growing customer expectations, regulatory regulations, the need to safeguard products, technological advancements in UV stabilizer formulations, and the necessity for product protection.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. In consequence of the widespread usage of UV stabilizers in the automobile industry, the presence of well-known manufacturers is a contributing element to the supremacy. The number of housing projects in this region has also greatly increased. The expansion of the ultraviolet (UV) stabilizers market in the area will also be aided by technical advancements in the furniture and building sectors as well as tight environmental regulations.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to its fastest-growing economies, such as China, India, and Southeast Asian countries. The need for UV stabilizers to shield construction materials from UV deterioration is driven by the economic expansion in these nations, which also promotes infrastructure growth and urbanization. The expanding infrastructure and development activities in this region are also influenced by the rising disposable income in the area. Due to the low cost of labor in nations like China and India, major automakers decided to establish an operating factory in these nations.

Key players in the market

Some of the key players profiled in the UV Stabilizers Market include BASF SE, Akzo Nobel N.V., Altana AG, Clariant, Solvay, Rianlon Corporation, SONGWON, Everlight Chemical Industrial Co., UniteChem Group, Eastman Chemical Company, Chitec Technology Co Ltd, Adeka Corporation, Mayzo Inc, Sunshow Speciality Chemical Co Ltd, SK Capital Partners, Valtris Speciality Chemicals, Nouryon and Milliken & Company.

Key Developments:

In October 2022, SONGWON launched two new products, SONGSORB 1164 and SONGNOX 9228 to meet the customer needs. These products are suitable for agriculture, packaging, building and construction, and home & personal care applications.

In October 2022, Clariant introduced AddWorks AGC 970, a new light stabilizer solution for polyethylene agricultural films that improves product durability in the mulch segment. It allows converters to extend the service life of their films by enhancing UV resistance and resistance to high levels of agrochemicals.

In July 2022, Solvay announced the creation of an innovative new UV-C stabilizer range. The UV-C spectrum (200-280 nm) was used to treat polyolefin surfaces in these products, intended for use in demanding hygiene applications where COVID and hospital-acquired infections were combated.

In May 2022, BASF launched two new "TINUVIN® 123 and TINUVIN 249" UVA and HALS light stabilizers to its portfolio. TINUVIN 123 is broadly applicable in colour-sensitive areas such as clear automotive coatings or clear coats over white pigments. TINUVIN 249 offers low viscosity and does not interact with acidic paint ingredients such as catalysts, biocides, or pigments, giving it high thermal stability and broad compatibility.

Types Covered:

• Antioxidants
• UV Absorbers
• Quenchers
• Hindered Amine Light Stabilizers (HALS)
• Other Types

Additives Covered:

• Floor
• Extrusion
• Decking
• Automotive
• Furniture
• Films & Tapes
• Other Additives

Applications Covered:

• Coatings
• Plastics
• Cosmetics
• Adhesives
• Other Applications

End Users Covered:

• Agriculture
• Packaging
• Architectural
• Furniture
• Automotive
• Building & Construction
• Sealants
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global UV Stabilizers Market, By Type

• 5.1 Introduction
• 5.2 Antioxidants
• 5.3 UV Absorbers
• 5.4 Quenchers
• 5.5 Hindered Amine Light Stabilizers (HALS)
• 5.6 Other Types

6 Global UV Stabilizers Market, By Additive

• 6.1 Introduction
• 6.2 Floor
• 6.3 Extrusion
• 6.4 Decking
• 6.5 Automotive
• 6.6 Furniture
• 6.7 Films & Tapes
• 6.8 Other Additives

7 Global UV Stabilizers Market, By Application

• 7.1 Introduction
• 7.2 Coatings
• 7.3 Plastics
• 7.4 Cosmetics
• 7.5 Adhesives
• 7.6 Other Applications

8 Global UV Stabilizers Market, By End User

• 8.1 Introduction
• 8.2 Agriculture
• 8.3 Packaging
• 8.4 Architectural
• 8.5 Furniture
• 8.6 Automotive
• 8.7 Building & Construction
• 8.8 Sealants
• 8.9 Other End Users

9 Global UV Stabilizers Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 BASF SE
• 11.2 Akzo Nobel N.V.
• 11.3 Altana AG
• 11.4 Clariant
• 11.5 Solvay
• 11.6 Rianlon Corporation
• 11.7 SONGWON
• 11.8 Everlight Chemical Industrial Co.
• 11.9 UniteChem Group
• 11.10 Eastman Chemical Company
• 11.11 Chitec Technology Co Ltd
• 11.12 Adeka Corporation
• 11.13 Mayzo Inc
• 11.14 Sunshow Speciality Chemical Co Ltd
• 11.15 SK Capital Partners
• 11.16 Valtris Speciality Chemicals
• 11.17 Nouryon
• 11.18 Milliken & Company