The UV Stabilizers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s UV Stabilizers Global Market Report 2024, The uv stabilizers market size has grown strongly in recent years. It will grow from $1.68 billion in 2023 to $1.81 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to increased data processing needs, semiconductor industry growth,r&d investments, globalization of electronics manufacturing, regulatory requirements.
The uv stabilizers market size is expected to see strong growth in the next few years. It will grow to $2.46 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increasing demand for advanced consumer electronics ,transition to advanced nodes, supply chain optimization, growing demand for consumer electronics , industry partnerships.. Major trends in the forecast period include nanotechnology integration, industry 4.0 integration, real-time monitoring and control,5g technology, miniaturization and compact design.
The increase in the production of vehicles by the automotive industry and the use of packaging contributed to the growth of the market. Due to the increasing population along with the improved standard of living and urbanization, there is a growing demand for automobiles. The automotive industry manufactures lightweight vehicles utilizing plastic materials along with UV stabilizers to promote the durability of vehicles’ components. Automotive manufacturers are expanding in China, India, and European countries. As per OICA, the number of vehicles produced in China is 25.72 million, the USA is 10.88 million, Japan is 9.68 million, Germany is 4.66 million, and India is 4.51 million. Moreover, the growing population demands well-packed food, well-constructed houses, and cars. The United Nation projected that the world’s population is expected to reach 9.7 billion by 2050. The increasing awareness about UV rays, increased the adoption of UV stabilizers to protect materials from degradation and improve their strength, thereby driving the market.
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The uv stabilizers market covered in this report is segmented –
1) By Type: Hindered Amine Light Stabilizers, UV Absorbers, Quenchers
2) By End-Use Industry: Architectural, Agriculture, Automotive, Furniture, Packaging, Other End-Use Industries
3) By Application: Coatings, Adhesives and Sealants, Plastics, Other Applications
Major companies operating in the UV stabilizers market are increasing their focus on introducing innovative UV stabilizers, such as UV-C spectrum, to gain a competitive edge in the market. UV-C stabilizers are a type of additive used to protect polyolefin surfaces from degradation and discoloration caused by exposure to UV radiation in the UV-C spectrum. For instance, in July 2022, Solvay S.A., a Belgium-based chemical company, launched UV-C stabilizers designed for use in hygiene applications where polyolefin surfaces are treated with ultraviolet (UV) light in the UV-C spectrum (200–280 nm) to fight against COVID-19 and hospital-acquired infections. This new proprietary stabilization technology is a significant milestone for the polyolefin industry as it is the first to address the risks of polyolefin degradation, discoloration, and micro-crack formation, which are caused by frequent exposure to UV-C irradiation.
The uv stabilizers market report table of contents includes:
1. Executive Summary
2. UV Stabilizers Market Characteristics
3. UV Stabilizers Market Trends And Strategies
4. UV Stabilizers Market – Macro Economic Scenario
5. Global UV Stabilizers Market Size and Growth
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26. South America UV Stabilizers Market
27. Brazil UV Stabilizers Market
28. Middle East UV Stabilizers Market
29. Africa UV Stabilizers Market
30. UV Stabilizers Market Competitive Landscape And Company Profiles
Top Major Players:
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