According to the market research report “UV Stabilizers Market: By Type (UV Absorbers, Hindered Amine Light Stabilizers (HALS), Quenchers); By Application (Floor Coating, Decking, Automotive Coating, Furniture Coating, Adhesives & Sealants) & By Region-Forecast (2016-2022)”, published by IndustryARC, estimates that Asia Pacific will register the fastest growth during the forecast period.
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UV Stabilizers can be defined as coating materials, that are used in plastics, cosmetics and films. These protect the substance from the long-term UV degradation effects of ultraviolet radiation. These are having the advanced resistance properties which prevent the degradation of lignin in the wood. UV stabilizers have significant applications like flooring, decking, furniture and interior & exterior parts of automobiles. The demand of protection for wood and plastic coatings from UV radiations has been increasing, which gives rise in demand for UV Stabilizers Market.
Scope & Regional Forecast of the UV Stabilizers Market
The increasing usage of wood and plastic in decking applications is one of the key growth factor of the UV Stabilizers Market. The housing and residential sectors are expected to drive the demand for the UV and plastic stabilizer. In wood coatings, the UV stabilizers are preferable due to their rich content and effective UV resistance. The Rising demand for the UV resistant wood coatings is mainly driving the growth for the market.
Asia Pacific is leading the market with first position due to the higher demand and consumption of UV stabilizers especially in automobile, packaging and furniture industries. Europe is in the second position followed by North America. Asia Pacific is Projected to have the fastest growth due to rapidly developing manufacturing base in developing nations like India and China. The increasing number of end-use industry players is also driving the high growth for the UV Stabilizers Market in this region.
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Segmentations & Key Players Involved in the UV Stabilizers Market
The UV Stabilizers Market can be broken down into various segmentations on the basis of –
Type: UV Absorbers, Hindered Amine Light Stabilizers (HALS) and Quenchers.
Application: Floor Coating, Decking, Automotive Coating, Furniture Coating, Adhesives & Sealants and Others.
Regions: Europe, Asia Pacific, North America and Rest of the World (RoW).
Some of the key players involved in the UV Stabilizers Market are as follows:
ALTANA AG (BYK-Chemie GmbH)
Akcros Chemicals Ltd.
Everlight Chemical Industrial Co.
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* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
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