logo

UV Stabilizers Market Size (2024 - 2029)

The UV Stabilizers Market is projected to experience growth over the forecast period, driven by increased consumption in the polymer industry and rising demand from wood coatings. Despite the initial negative impact of the COVID-19 pandemic, which disrupted manufacturing and supply chains, the market has shown recovery. Hindered Amine Light Stabilizers (HALS) are anticipated to hold the largest market share during this period.

Home Market Analysis Chemicals & Materials Research Plastics, Polymers, and Elastomers Research Plastics and Polymers Research Plastic Additives Research Stabilizers Research UV Stabilizers Research Light Stabilizers Industry Market Size

Market Size of UV Stabilizers Industry

UV Stabilizers Market - Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.36 Billion
Market Size (2029) USD 1.82 Billion
CAGR (2024 - 2029) 5.96 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

rd-img

*Disclaimer: Major Players sorted in no particular order

UV Stabilizers Market Analysis

The UV Stabilizers Market size is estimated at USD 1.36 billion in 2024, and is expected to reach USD 1.82 billion by 2029, growing at a CAGR of 5.96% during the forecast period (2024-2029).

The COVID-19 pandemic negatively impacted the market in 2020. This was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied. 

  • The major factors driving the growth of the market include the rising consumption of UV stabilizers in the polymer industry and increasing demand for UV stabilizers from wood coatings.
  • On the flip side, the negative economic effects of COVID-19 are expected to hinder the growth of the studied market.
  • Among the product types, Hindered Amine Light Stabilizers (HALS) accounted for the highest market share during the forecast period.

UV Stabilizers Industry Segmentation

UV stabilizers prevent a chemical process called "photo-degradation," which occurs when ultraviolet radiation collapses chemical bonds within a polymer. UV stabilizers generally act by absorbing the radiation coming from UV light and then dispersing the energy into heat at low levels. The UV stabilizer market is segmented by type, end-user industry, and geography. Further, by type, the market is segmented into UV absorbers, hindered amine light stabilizers (HALS), quenchers, and antioxidants. By end-user sector, the market is segmented into packaging, automotive, agriculture, building and construction, adhesives and sealants, and other end-user industries. The report also covers the market size and forecasts for the adhesives and sealants market in 15 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of value (USD).

Type
UV Absorbers
Hindered Amine Light Stabilizers (HALS)
Quenchers
Antioxidants
End-User Industry
Packaging
Automotive
Agriculture
Building and Construction
Adhesives and Sealants
Other End-User Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

UV Stabilizers Market Size Summary

The UV Stabilizers market is poised for significant growth over the forecast period, driven by increasing demand in the polymer and wood coatings industries. The market experienced a downturn due to the COVID-19 pandemic, which caused manufacturing shutdowns and supply chain disruptions. However, it rebounded in 2021, with a notable recovery in demand. Hindered Amine Light Stabilizers (HALS) emerged as the leading product type, capturing the largest market share. The automotive sector, particularly in regions like Asia-Pacific, is a major application area for UV stabilizers, with rising production of vehicles and electric vehicles contributing to market expansion. The Asia-Pacific region is expected to dominate the market, supported by growth in construction, packaging, and automotive sectors, particularly in China and India.

The market landscape is characterized by consolidation, with key players such as BASF SE, SONGWON, Solvay, CLARIANT, and SABO S.p.A. leading the industry. These companies are actively expanding their product offerings and production capacities to meet growing demand. For instance, BASF SE has increased its production capacity for HALS, while Solvay has introduced a new UV-C stabilizer range for hygiene applications. The Asia-Pacific region's growth is further bolstered by developments in South Korea's adhesives and sealants market, driven by rising demand in woodworking, joinery, and electronics. These factors collectively contribute to the anticipated growth of the UV Stabilizers market in the coming years.

Explore More

UV Stabilizers Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Consumption in Polymer Industry

      2. 1.1.2 Increasing Demand for Wood Coatings

    2. 1.2 Restraints

      1. 1.2.1 Fluctuations in Raw Material Prices

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 UV Absorbers

      2. 2.1.2 Hindered Amine Light Stabilizers (HALS)

      3. 2.1.3 Quenchers

      4. 2.1.4 Antioxidants

    2. 2.2 End-User Industry

      1. 2.2.1 Packaging

      2. 2.2.2 Automotive

      3. 2.2.3 Agriculture

      4. 2.2.4 Building and Construction

      5. 2.2.5 Adhesives and Sealants

      6. 2.2.6 Other End-User Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

UV Stabilizers Market Size FAQs

The UV Stabilizers Market size is expected to reach USD 1.36 billion in 2024 and grow at a CAGR of 5.96% to reach USD 1.82 billion by 2029.

In 2024, the UV Stabilizers Market size is expected to reach USD 1.36 billion.

UV Stabilizers Market Report Snapshots

UV Stabilizers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)