Report Scope & Overview:
UV Stabilizers Market Size was valued at expected to reach USD 2.21 billion by 2030, and USD 1.44 billion in 2022 and grow at a CAGR of 5.5% over the forecast period 2023-2030. UV light stabilisers keep plastic or wood from breaking down over time when exposed to UV light. When a substance is exposed to UV radiation, it goes through a process called polymer photo-degradation. This means that the physical properties of the substance change, like changing colour, losing strength, elongation, and tensile strength, or getting chalky on the surface. For example, plastic or wooden chairs kept in gardens become brittle and lose their shine, and chairs kept in open stadiums look chalky or sometimes break into pieces. Because of this, UV light stabilisers are used to protect parts that are exposed to UV rays from damage and loss.
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Demand from the packaging industry is going up.
Price changes for raw materials
Nanocomposites are being used more and more in UV stabilisers.
Impact of COVID-19:
Almost every part of the world has been affected by the pandemic. Disruptions in the global supply chain are likely to have a small effect on the UV stabilisers market. The packaging and auto industries have a big impact on the market.
China is a big exporter and maker of goods. Industrial activities in the country were hurt by strict lockdowns in the country's most important provinces. In the first quarter of 2020, there was a big drop in demand for UV stabilisers. This was mostly due to the spread of COVID-19. China is one of the top places where UV stabilisers are made. But the need for packaging and the rise in the production of plastics have helped the country make more UV stabilisers. COVID-19 has also had a big impact on North America and Europe. Because of this, the US, Canada, Italy, and Spain can expect a recession in the next two to three years. As exports from China are expected to go down, so will dealers' profit margins. This means that the price of UV stabilisers is likely to go up over the next year or so. The points below show how the pandemic affected different industries and what opportunities they have now that they are recovering.
Building & Construction
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In 2022, up to 46% of the UV stabilisers market was in the Asia-Pacific region. This is because the packaging industry in the region is growing. The Federation of Indian Chambers of Commerce and Industry (FICCI) says that in 2016, Indian packaging is one of the industries with the fastest growth and is worth USD 700 billion around the world. In India, it has grown at a CAGR of 16% over the past five years and reached about USD 32 billion in 2015. Plastics Europe says that in 2018, China made 359 million tonnes of plastics, which is 30% of all plastics made in the world. In 2022, China's food processing industry kept growing, according to the United States Department of Agriculture (USDA). The amount of money made went up to $1.47 trillion, which is a 6.3% increase from 2016. Growing populations and rapid urbanisation in these countries are driving up demand for packaging, which is speeding up the growth of the UV stabilisers market in the Asia-Pacific region over the next few years.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Clariant-Company Financial Analysis
|Market Size in 2022||US$ 1.44 Billion|
|Market Size by 2030||US$ 2.21 Billion|
|CAGR||CAGR of 5.5% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By type (HALS, UV Absorbers, Quenchers)
• By application (Automotive, Packaging, Agriculture Films, Building & Construction, Adhesives & Sealants, Others
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Clariant, altana ag, Lanxess, LYCUS, Akzo Nobel N.V., Solvay, valtris specialty chemicals, everlights, Mayzo|
|DRIVERS||• Demand from the packaging industry is going up.|
|Restraints||• Price changes for raw materials|
Ans: Primary or secondary type of research done by this reports.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Clariant, altana ag, Lanxess, LYCUS, Akzo Nobel N.V., Solvay, valtris specialty chemicals, everlights, Mayzo are the major key players of UV Stabilizers Market(TPO) Market
Ans: Nanocomposites are being used more and more in UV stabilisers are the opportunity faced by the UV Stabilizers Market(TPO) Market.
Ans: UV Stabilizers Market Size was valued at expected to reach USD 1.99 billion by 2028, and USD 1.37 billion in 2021 and grow at a CAGR of 5.5 % over the forecast period 2022-2028.
Table of Content:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. UV Stabilizers Market Segment, By type
8.2 UV Absorbers
9. UV Stabilizers Market Segment, By application
9.3 Agriculture Films
9.4 Building & Construction
9.5 Adhesives & Sealants
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profile
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 altana ag
11.5 Akzo Nobel N.V.
11.7 valtris specialty chemicals
12. Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
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