UV light stabilizers protect plastic or wooden components from long-term effects of ultraviolet radiations. A polymer photo-degradation process occurs when a substance is exposed to UV radiation, resulting in deterioration of physical properties of the substance such as changes in color, loss of strength, elongation and tensile strength properties or chalking of surface. For instance, plastic or wooden chairs kept in gardens become brittle and lose their glossiness; chairs kept in open stadiums appear to be chalky or sometimes crack into pieces. Therefore, manufactures use UV light stabilizers to protect components that are exposed to UV radiation to prevent damage and avoid losses.
The rising demand for wood and plastic coatings for protection against UV radiations is driving the world UV light stabilizer market. In addition, the increasing use of wood and plastics for decking applications has triggered the demand for UV light protection coatings, which in turn drives the UV light stabilizers market. The ongoing development of the housing and construction industries in regions, such as Asia-Pacific, is expected to grow in future. Eventually, this growth would drive the demand for UV light stabilizers globally. In addition, the use of nanotechnology in the coating industries would supplement the growth of market in future.
UV absorbers, Hindered Amine Light Stabilizers (HALS), Quenchers are the key types of UV light stabilizers. Among the three types, HALS occupies more than 70% of global UV stabilizer market share, followed by UV absorbers, constituting around 23%. UV absorbers are expected to witness increased adoption owing to their cost effectiveness, which would boosts their market demand during the forecast period.
UV light stabilizers find application across residential and commercial sector for flooring, furniture, automotive coating, decking and others. Among the listed applications, UV stabilizers are majorly used for floor coating, making it the highest revenue generating application. Furniture is the second largest application followed by automobile coating.
Asia-Pacific is the biggest market of UV light stabilizers, due to the large industrial base of industries such as automobile, packaging and furniture among others. Europe occupies the second position, followed by North America.
The key players in the UV light stabilizers market include ALTANA AG (BYK-Chemie GmbH), Akcros Chemicals, BASF SE, Cytec Industries, Mayzo, Inc., Chemtura Corporation, AkzoNobel N.V. and Lycus Ltd.
KEY BENEFITS
The report includes an in-depth analysis of the UV light stabilizer market, including information about current market trends, changing market dynamics, expected trends and market intelligence
Porter's five forces illustrate the potency of buyers and sellers operating in the market for developing effective strategies
Value chain analysis of the industry provides a clear view of key intermediaries involved and highlights their roles as well as their value additions at every stage in the chain
Insights regarding latent opportunities present in the market would help stakeholders in implementing strategic business plans
The key market players have been profiled in the report to gain an understanding of the strategies adopted by them
KEY MARKET SEGMENTS
The market is segmented on the basis of type, application and geography
Market by Type
UV Absorbers
Hindered Amine Light Stabilizers (HALS)
Quenchers
Market by Application
Flooring
Furniture
Decking
Automotive Coating
Others
Market by Geography
North America
Europe
Asia-Pacific
LAMEA
KEY PLAYERS
ATLANTA AG (BYK-Chemie GmbH)
BASF SE
AkzoNobel N.V.
Chemtura Corporation
Akcros Chemicals
Cytec Industries
Mayzo, Inc.
Lycus Ltd.
Clariant Ltd.
Everlight Chemical Industrial Co.
