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.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023 – 2035 |
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CAGR |
~6% |
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Base Year Market Size (2022) |
~USD 1 billion |
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Forecast Year Market Size (2035) |
~USD 3 billion |
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Regional Synopsis |
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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:
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Application |
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Type |
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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.
Author Credits: Smruti Ranjan, Rajrani Baghel
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