The global UV light stabilizers market size was US$ 489.9 million in 2021. The global UV light stabilizers market is forecast to grow to US$ 861.5 million by 2030 by growing at a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030. 

UV light stabilizers are used to prevent plastic or wooden components from the harmful effects of UV radiation. If the substance is exposed to UV radiation for a long time, it leads to polymer photo-degradation. As a result, the substance changes its color, loses strength, elongation & tensile properties, etc. Moreover, the substance, for instance, plastic chairs, lose their glossiness and appear to be chalky. Thus, UV stabilizers are used to protect the components from damage. 

Factors Influencing the Market

• The global UV light stabilizers market is forecast to grow due to the rising demand for wood and plastic coatings for protection against UV radiation. 
• The growing demand for wood and plastics across various industrial verticals, including automotive, housing, etc., will boost the growth of the global UV light stabilizers market. 
• The rapidly growing construction activities will notably contribute to the growth of the global UV light stabilizers market analysis. 
• The rising number of R&D activities, innovations, marketing strategies, and aesthetic concerns will also upsurge the demand for UV light stabilizers during the study period. 
• The high cost associated with UV light stabilizers may limit the growth of the overall market. 

COVID-19 Impact Analysis

The wake of the COVID-19 pandemic has negatively affected the global UV light stabilizers market. It is owing to the absence of a sufficient workforce and raw material that halted the manufacturing activities. Furthermore, a significant reduction in construction activities and automobile manufacturing activities reduced the demand for UV light stabilizers. As a result, it hampered the growth of the UV light stabilizers market.

Post pandemic, the UV light stabilizers market is forecast to grow at a significant pace, owing to the keen focus of market players on strengthening their supply chain. Furthermore, the automotive industry is expected to gain momentum, which will contribute to the growth of the UV light stabilizers market. 

Regional Analysis

The Asia-Pacific UV light stabilizers market is forecast to emerge as the largest market. It is owing to the growing construction activities in the countries like China, Japan, and India. Furthermore, increasing technological innovations and R&D activities will contribute to the growth of the UV light stabilizers market. 

Growing disposable income and increasing demand for reliable furniture will also benefit the global UV light stabilizers market. The automotive industry is also growing rapidly in Asia-Pacific. Thus, it will offer ample growth opportunities for the UV light stabilizers market in Asia-Pacific.

Leading Competitors

• Altana ag
• BASF SE
• Songwon
• Clariant
• ADEKA CORPORATION
• SABO S.p.A.
• Other Prominent Players

Scope of the Report

The global UV light stabilizers market segmentation focuses on Type, Application, and Region. 

By Type

• Uv Absorbers
• Hals
• Quenchers

By Application

• Floor Coating
• Decking
• Automotive Coating
• Furniture Coating
• Others

By Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America