UV Stabilizers Market Size & Share, Type (UV Absorbers, Hindered Amine Light Stabilizers); Application (Packaging, Automotive, Agriculture, Building & Construction, Adhesives, Sealants) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3886
  • Published Date: Aug 10, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

UV Stabilizers Market size is set to reach USD 3 Billion by the end of 2035, growing at a CAGR of 6% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of UV stabilizers was around USD 1 Billion. UV stabilizers are widely used as specialty polymers in construction activities such as siding, TPO roofing, composite roofing tiles, plastic shingles, polypropylene, and geomembranes, which require significant protection and durability to maintain their physical appearance over time. 

One of the most important roles of UV stabilizers in agriculture is their use in agricultural films as greenhouse films, silage films, and mulch films. These films are crucial for growth optimization, crop prevention, and efficient resource utilization. The demand for agriculture films is expanding owing to its benefits such as development in agriculture films, changes in dietary habits, rise in many nano greenhouses, and growing agriculture outputs.

Therefore, UV stabilizers play a crucial role in the production of agriculture films, and as the demand for agriculture films rises the UV stabilizers market also grows substantially.


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UV Stabilizers Market: Key Insights

Base Year

2022

Forecast Year

2023 – 2035

CAGR

~6%

Base Year Market Size (2022)

~USD 1 billion

Forecast Year Market Size (2035)

~USD 3 billion

Regional Synopsis

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Global UV Stabilizers Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Demand in the Packaging Industry - Owing to its numerous advantages, including enhanced product lifespan and UV protection, the packaging is becoming more popular, which is set to fuel the expansion of the UV stabilizers market over the estimated period. After being exposed to sunlight and extreme weather, packaging materials can benefit from UV stabilizers by maintaining their quality and toughness. The market is primarily driven by consumers' need for durable packaging materials.
  • Rising Awareness Regarding the Harmful Effects of UV Radiations - Food color diminishing, rapid decomposition of fats and oil, and nutrient loss in fruit juices and milk are all effects of UV radiation, which can also damage pharmaceutical products, household goods, cosmetics, and personal care items. UV stabilizers protect plastic packaging and its contents from the sun's harmful ultraviolet and infrared radiation. Therefore, awareness about this characteristic is anticipated to boost the sector further.
  • Growing Demand in the Automotive Sector – Increasing disposable income of people, and growing urbanization are increasing the consumption of vehicles. Lightweight materials are commonly used in the production of vehicles considering their advantages in which UV stabilizers also play a crucial role owing to their durability properties. According to OICA, total global passenger car and motor vehicle production was expected to garner 85.01 million units in 2022, compared with 80.14 million units in 2021.  

Challenges

  • Fluctuations in the Prices of Raw Materials – Raw materials such as aluminum chloride, benzene, sodium nitrite, benzoyl chloride, and others are used in the production of UV stabilizers. And the prices of these raw materials fluctuate regularly, owing to this attribute the prices of UV stabilizers also fluctuate and this affects the market growth further. The prices of UV stabilizer raw materials are - benzene for USD 696.7 per MT, sodium nitrite for USD 40 for 1kg, and benzoyl chloride for USD 38 for 1000g.
  • Highly Volatile Raw Materials
  • Strict Government Restrictions


UV Stabilizer Segmentation

Type {UV Absorbers, Hindered Amine Light Stabilizers (HALS)}

Based on Type, the hindered amine light stabilizer (HALS) segment in the UV stabilizers market is estimated to witness the highest revenue share of 58% by the end of 2035. Considering their UV protection abilities, they are high in demand in multiple industries such as the construction sector. Growing awareness about UV degradation, rising demand for high-performance materials, escalating construction sectors, and regulatory needs are driving the demand for this segment.

Application (Packaging, Automotive, Agriculture, Building & Construction, Adhesives and Sealants)

In terms of application, the packaging segment in the UV stabilizers market is expected to record significant revenue in the forecast timeframe. UV stabilizers mainly offer protection to products from the harmful UV radiation of sun at the same time being properly stored and transported this property of UV stabilizers raises its demand in the packaging industry.

UV radiation can result in discoloration, fading, and other degradation results in products especially the ones that are sensitive such as food products, skin care products, cosmetics, or pharmaceuticals therefore usage of this product is gaining traction in the packaging applications. Moreover, the factors such as demand for product protection, regulatory needs, consumer expectation, and advancement in technology in UV stabilizers are estimated to propel the demand for UV stabilizers in the packaging sector.

Our in-depth analysis of the global UV stabilizers market includes the following segments:

   Application

  • Packaging
  • Automotive
  • Agriculture
  • Building & Construction
  • Adhesives and Sealants

   Type

  • UV Absorbers
  • Hindered Amine Light Stabilizers (HALS)

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UV Stabilizer Industry - Regional Synopsis

APAC Market Forecast

The UV stabilizers market in Asia Pacific is poised to witness the highest share of 35% during the forecast timeframe. This can be ascribed on the back of the growing polymer and plastics industry in developing countries, especially China, and India.

Furthermore, owing to its tropical location, the APAC region experiences sunshine all year, exposing it to more dangerous UV rays. This is another major factor behind the rising demand for UV stabilizers in the region. Along with this, the growth in the food and beverage industry is projected to boost the market expansion as UV stabilizers are used in food packaging to protect it from UV rays and can store and transport it in the long term. Annually, India put away 20 billion food & beverage packages. By 2030, the country is expected to consume around 50 billion packages, with an 8% growth rate for beverage packaging and packaging would be containing UV stabilizers. 

North American Market Statistics

The UV stabilizers market in North America is set to grow substantially and mark a lucrative market value between 2023 – 2035. The market in this region is expected to grow owing to the higher adoption of advanced solutions, along with the increasing import of polymers, in Canada and the U.S.

Moreover, the increasing health awareness amongst the population regarding the harmful effects of UV rays, especially in the food industry is further anticipated to boost the market growth. The U.S. Food and Drug Administration oversees the safety of food packaging, especially polymers that come into contact with food. Therefore, this factor is also projected to contribute to the market growth. 

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Companies Dominating the UV Stabilizers Market

top-features-companies
    • Clariant AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • SONGWON Industrial Group
    • BASF SE
    • Valtris Specialty Chemicals Inc.
    • Solvay SA
    • ADEKA Corporation
    • Evonik Industries AG
    • SABO S.p.A.
    • Everlight Chemical Industrial Corp.
    • Mayzo, Inc.

In-the-news

In The News

  • Valtris Specialty Chemicals Inc. announced the plans for the expansion of Benzaldehyde capacity by 20% in Europe. The applications of Benzaldehyde range from plastic additives to pharmaceutical uses.
  • Songwon Industrial Co., Ltd. announced a partnership with SABO S.p.A. for worldwide distributorship of the SABOSTAB HALS portfolio and oxanilide UV Absorbers

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3886
  • Published Date: Aug 10, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing demand for UV stabilizers in the automotive and packaging industry is estimated to boost market growth.

The market is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2023 – 2035.

The major players in the market are SONGWON Industrial Group, BASF SE, Valtris Specialty Chemicals Inc., Solvay SA, ADEKA Corporation, Evonik Industries AG, SABO S.p.A., and others.

The packaging segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in Asia Pacific is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
UV Stabilizers Market Report Scope
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