Global UV Stabilizers Market
The global UV Stabilizers market was valued at USD 21.40 billion in 2016 and is projected to reach USD 42.07 billion by 2025, growing at a CAGR of 7.8% from 2017 to 2025.
The primary reason why UV stabilizers are used is to prevent the products from ill effects caused due to UV radiation. They are majorly used in plastics, cosmetics and films which are used in various end-user industries. The selection of appropriate UV stabilizer prevents the product from photo oxidation.
1. Market Drivers
1.1 Increasing demand from Asia Pacific region
1.2 Growing demand for wood coatings in North America
2. Market Restraints
2.1 Raw material price fluctuation
2.2 High production cost
The global UV Stabilizers market is segmented on the basis of product, application and region.
1. By Product:
1.2 UV Absorber
2. By Application:
2.1.2 Consumer Goods
2.4 Building & Construction
220.127.116.11 Flooring & Decking
2.5 Sealants & Adhesives
2.5.1 Hotmelt Adhesives
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Songwon Industrial Co. Ltd.
2. BASF SE
5. Adeka Corporation
6. Altana AG
8. Valtris Specialty Chemicals
9. Mayzo Inc.
10. Lycus Ltd
11. Chemipro Kasei Kaisha
12. Ichemco SRL
13. Lambson Limited
14. Venderbilt Chemicals
15. MPI Chemie B.V.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the UV Stabilizers market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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