The Global Ultraviolet Stabilizers Market was valued at USD 26.69 billion in 2022 and is projected to reach USD 46.67 billion by 2029, growing at a CAGR of 7.8% from 2022 to 2030.

Ultraviolet Stabilizers Market Overview:

UV stabilizers are equipment formulated to prevent deterioration from exposure to ultraviolet light. They act as a shield against short- and long-term exposure to the sun's UV radiation. The UV stabilizers market is gaining traction due to their action as coatings on plastics, including cosmetics and films, to protect materials from the long-term UV degrading effects of ultraviolet light.

Photodegradation can occur when plastics and polymers are exposed to UV light for extended periods of time. The photolysis process occurs during prolonged exposure of polymers to UV radiation, which degrades the physical properties of the material, such as color change, loss of material strength, elongation and tensile strength properties, or chalking of the material. As a result, manufacturers use UV light stabilizers to protect exposed components to prevent damage.

UV stabilizers such as absorbers, hindered amine light stabilizers (HALS), and matting agents are widely used in applications including coating substrates in flooring, decking, furniture, and automotive interiors and exteriors.

Ultraviolet Stabilizers Market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Ultraviolet Stabilizers Market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In 2021, SONGWON Industrial Co. Ltd has extended a long-standing partnership for the SABO STAB HALS portfolio.
• In 2019, BASF SE launched a new product used in agricultural greenhouse films with the Tinuvin series called NOR 31.

Major Market Segments Covered in Ultraviolet Stabilizers Market Industry Research:

Market Key Players:
BASF SE, Songwon Industrial Co., Ltd., Clariant AG, Solvay SA, Altana AG, Adeka Corporation, Addivant, Valtris Specialty Chemicals, Lycus Ltd., Mayzo, Inc.

By Type:

• Hindered Amine Light Stabilizer (HALS)
• UV Absorbers
• Quenchers

By Application:

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

By Region:

North America dominates the ultraviolet (UV) stabilizers market owing to the rise in residential projects. Additionally, technological advancements in the furniture and construction industry and stringent environmental guidelines will further propel the growth of the ultraviolet (UV) stabilizers market in those regions during the forecast period. The Asia Pacific region is expected to witness significant growth in the ultraviolet (UV) stabilizers market owing to emerging architectural and furniture applications. Moreover, the occurrence of major user countries is expected to further propel the growth of the ultraviolet (UV) stabilizers market in this region in the future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Growth Drivers

The global market for UV stabilizers is driven by their ability to provide low-cost solutions, improved weatherability and low volatility for applications such as high-performance thermoplastics, polyurethanes, polymers, construction and packaging. Additionally, non-degradable, UV-resistant plastic packaging components are gaining traction in PET bottles, food and beverage containers, which has fueled the growth of UV stabilizers in the packaging application market. Demand for UV stabilizers is increasing in the APAC region due to increasing investment by foreign companies, increasing production facilities, strong industrial base in packaging and automotive sectors, and improving living standards.

In the global UV stabilizers market, HAL is expected to be the fastest growing segment during the forecast period. This is due to increased demand from the packaging and automotive industries. HAL also finds application in food and non-food packaging.

The global market for UV Stabilizers is expected to see a significant increase in demand from the Asia Pacific region. This is due to increased new product development and expansion activities carried out by several companies to increase production capacity in Asia Pacific countries, mainly in China, Korea and Japan. Additionally, increasing population and rapid urbanization in these countries are increasing demand for packaging goods and automobiles, boosting the growth of the global UV stabilizers market over the forecast period. Increased investment by foreign companies, increase in production facilities, strong industrial base in packaging and automotive sectors, and rising standard of living are other major factors contributing to the growth of the UV stabilizers market in the region.

Restraints

Although the importance of the global UV stabilizers market is growing, several factors such as volatility in UV stabilizer raw material prices and stringent government regulations are still acting as bottlenecks for the growth of UV stabilizers in the global market.

Ultraviolet Stabilizers Market report scope:

Report Attributes	Details
Growth Rate	CAGR of 7.8% from 2022 to 2030.
By Type	Hindered Amine Light Stabilizer (HALS), UV Absorbers, Quenchers
By Application	Packaging, Automotive, Agriculture, Building and Construction, Adhesives and Sealants, Others
By Companies	BASF SE, Songwon Industrial Co., Ltd., Clariant AG, Solvay SA, Altana AG, Adeka Corporation, Addivant, Valtris Specialty Chemicals, Lycus Ltd., Mayzo, Inc.
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Key Takeaways from this Ultraviolet Stabilizers Market Report

• Estimate Ultraviolet Stabilizers Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Ultraviolet Stabilizers Market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Ultraviolet Stabilizers Market?

The Ultraviolet Stabilizers Market is growing at a CAGR of 7.8% During Forecast Period.

What are the key types of Ultraviolet Stabilizers Market?

Hindered Amine Light Stabilizer (HALS), UV Absorbers, Quenchers

What are the key applications of Ultraviolet Stabilizers Market?

Packaging, Automotive, Agriculture, Building and Construction, Adhesives and Sealants, Others

Who are the key players in Ultraviolet Stabilizers Market?

BASF SE, Songwon Industrial Co., Ltd., Clariant AG, Solvay SA, Altana AG, Adeka Corporation, Addivant, Valtris Specialty Chemicals, Lycus Ltd., Mayzo, Inc.