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“Increasing demand for greenhouse films is expected to drive the UV stabilizers market during the forecast period”
The global UV stabilizers market is projected to reach USD 1.51 billion by 2021, at a CAGR of 6.7% from 2016 to 2021. The growth of manufacturing industries in China is resulting in China becoming the largest consumer of UV stabilizers globally. The growing need for UV stabilizers in industries such as packaging and automotive due to rapid urbanization and increasing population in China and other countries across the Asia-Pacific region are driving the UV stabilizers market. UV stabilizers are majorly used in packaging and automotive industries. These industries are witnessing growth in the Asia-Pacific region, owing to increasing population and changing lifestyle of the people in countries of the region. This factor is fueling the growth of the UV stabilizers market. However, the growth of the UV stabilizers market is restrained due to fluctuation in raw material prices as well as high production cost of UV stabilizers.
“Based on type, HALS segment is expected to grow at the highest CAGR during the forecast period”
Based on type, the HALS segment is expected to lead the UV stabilizers market during the forecast period. HALS is characterized on the basis of its molecular weight, performance, volatility, and extractability. Different types of HALS are used in various applications, owing to their unique properties. HALS are majorly used in applications wherein thin materials are required such as fibers, tapes, and films. Furthermore, HALS can also be used in profile extrusion, blow molding, injection molding, and sheet extrusion, among others, in polypropylene (PP) and other polymers.
“Packaging application segment is expected to lead the UV stabilizers market during the forecast period”
UV stabilizers protect packages and their contents from discoloration, and from damaging effects of UV radiations, thereby providing high quality, low volatile, and longer durability to packaging materials such as bottles, caps & closures, containers & drums, and films, among others. Based on application, the packaging segment is expected to lead the UV stabilizers market due to the increasing disposable income of people, changing consumer lifestyle, increased use of plastics, and growing pharmaceutical and food & beverage industries in countries such as China, India, Japan, the U.S., and Germany, among others.
“The Asia-Pacific UV stabilizers market is expected to grow at the highest CAGR during the forecast period”
The Asia-Pacific region is the largest market for UV stabilizers globally. The region is expected to witness significant growth in the UV stabilizers market due to the growth of the Chinese economy and rapid industrialization. China is a key consumer of UV stabilizers in the Asia-Pacific region as well as globally. Furthermore, the global shift in the production capacity from developed markets to emerging markets is a major factor fueling the growth of the UV stabilizers market in the region.
This study was validated through primary interviews conducted with various industry experts globally. These primary sources were divided into three categories, namely, company, designation, and region.
- By Company Type- Tier 1- 60%, Tier 2- 30% and Tier 3- 10%
- By Designation- C Level- 40%, Director Level- 30%, Others- 30%
- By Region- North America- 10%, Asia-Pacific- 50%, Western Europe- 20%, and Middle East & Africa- 20%
The report also includes company profiles and competitive strategies adopted by major market players such as Songwon Industrial Co., Ltd. (South Korea), Solvay SA (Belgium), ALTANA AG (Germany), BASF SE (Germany), Clariant AG (Switzerland), and Addivant (U.S.).
This report covers the global UV stabilizers market across different types, applications, and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type, application, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, SWOT analysis, recent developments, and key market strategies. The report will help market leaders/new entrants in this market by providing them the closest approximations of revenues for the overall UV stabilizers market.
Reasons To buy this report:
From an insight perspective, this research report has focused on various levels of analyses ? industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the UV stabilizers market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on UV stabilizers offered by the top players in the global UV stabilizers market.
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the global UV stabilizers market.
- Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for UV stabilizers across regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global UV stabilizers market.
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global UV stabilizers market.