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Ultraviolet Stabilizers Market

Ultraviolet Stabilizers Market Analysis By Type (Hindered Amine Light Stabilizers (HALS), UV Absorbers, Quenchers, Others), By Application (Packaging, Building & Construction, Automotive, Adhesives & Sealants, Others), and By Region – Global Market Insights 2023 to 2033

Analysis of Ultraviolet Stabilizers Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Ultraviolet Stabilizers Market Outlook (2023 to 2033)

The valuation of the global ultraviolet stabilizers market is US$ 1.4 billion for 2023. Global demand for ultraviolet stabilizers is expected to reach an industry value of US$ 2.4 billion by 2033-end, increasing at a CAGR of 5.3% over the next ten years.

Ultraviolet or UV radiations are harmful spectrum rays that can result in photooxidative degradation. The adverse effects of UV radiation on human health, including skin cancer, are well known. UV stabilizers are applied to minimize or cancel out the effects of UV rays that are emitted by the sun as well as from different other alternative sources of light, such as fluorescent lights.

UV rays can also degrade polymers. Every polymer is influenced by various external factors, whether synthetic or natural. Hence, the use of UV stabilizers is helpful to prevent the degradation of polymers, which can further increase their demand in the global market.

UV stabilizers are applied as additives to manufacture polymers for the production of UV-resistant plastics. This is also resulting in the rising requirement for compound stabilizers for plastics and rubber, including UV stabilizers.

  • According to statistics provided by the International Trade Center (ITC), around US$ 2,726,286 thousand worth of compound stabilizers for plastics and rubber were exported in the year 2020, globally.

Environmental impacts, such as the chemical and biological effects of ultraviolet light, are multiple. UV light can also cause polymer materials to change color, chalk, crack, and lose a few of their physical qualities. Furthermore, the fading of plastic colorants can also be accelerated by UV light. These factors result in the loss of physical attributes of polymer materials and they can become bland. Thus, the demand for UV stabilizers is predicted to increase across the world over the coming years.

In addition, UV stabilizers also find applications in numerous industries; for example, agricultural films, construction & building, automotive, and so forth. Moreover, increasing demand for chemically stable as well as non-degradable plastics in the packaging and construction industries is expected to drive growth opportunities for ultraviolet stabilizer manufacturers.

However, constant fluctuations in the prices of raw materials that are used to produce ultraviolet stabilizers are predicted to impact final production costs and thus limit their adoption to some extent.

Report Attributes

Details

UV Stabilizers Market Size in 2023

US$ 1.4 Billion

Forecasted Market Value (2033)

US$ 2.4 Billion

Expected Market Growth Rate (2023 to 2033)

5.3% CAGR

Canada Market Growth Rate (2023 to 2033)

4.3% CAGR

Germany Market Growth Rate (2023 to 2033)

3.6% CAGR

Key Companies Profiled

  • Adeka Corporation
  • BASF SE
  • Chemtura Corporation
  • Everlight Chemical Industrial Corporation
  • Lycus Ltd., LLC
  • Songwon Industrial Co., Ltd.
  • Valtris Specialty Chemicals
  • Sunshow (Yantai) Specialty Chemical Co., Ltd.

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Why Has Demand for Ultraviolet Stabilizers Been So High in Recent Years?

“Increasing Need for Ultraviolet Stabilizers in Packaging Industry”

Demand for ultraviolet stabilizers in the packaging industry is increasing at a rapid pace due to their numerous benefits, such as UV protection and improved product durability. UV stabilizers are helpful for packaging materials to retain their durability and quality after exposure to harsh weather conditions and sunshine.

The last longing for packaged products with the use of UV stabilizers primarily drives the ultraviolet stabilizers market. Moreover, UV stabilizers are used widely in packaging beverages, food, other consumer goods, and cosmetics.

The radiation of UV lights can degrade personal care products, cosmetics, housekeeping products, pharmaceutical items, and food & beverage packaging. It can cause vitamin content loss in milk and juices, faster oxidation of fats and oils, and cause food color fading. UV stabilizers are helpful to protect plastic packaging along with its contents against the harmful effects of infrared and ultraviolet radiation from the sun.

Polyethylene terephthalate (PET) packaging is contributing to the growth of the food & beverage business. There is a significant increase in the requirement for barrier PET bottles that can protect against ultraviolet rays.

“High Use of Ultraviolet Stabilizers in Automotive Sector”

Rising acceptance of ultraviolet stabilizers in the industry of automotive for improved automotive components is estimated to boost growth opportunities in the target market. Manufacturers of automotive products are becoming aware of the use of UV stabilizers for quality control, which can also drive growth opportunities in the global market.

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What Could Possibly Hinder the Adoption of Ultraviolet Stabilizers?

“Reactivity of Numerous Additives Can Cause Certain Problems”

The noticeable reactivity of various additives that are present in ultraviolet stabilizers, especially in antioxidants can result in numerous problems. Furthermore, the rise in the emissions of VOC (volatile organic compounds) is also projected to impact the growth opportunities in the global market in the coming years.

“Constant Fluctuations in Prices of Raw Materials”

In the process to produce UV stabilizers, numerous raw materials, for example, benzene, benzoyl chloride, CYC, CDON, and others are used. The raw materials are selected owing to the requirements and specifications of end-use industries. The price of these raw materials is highly volatile, which can directly impact the manufacturing cost of UV stabilizers.

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Which is the Prominent Regional Market for Ultraviolet Stabilizers?

“Growing Polymer and Plastics Industry in Asia Pacific Stimulating Demand for UV Stabilizers”

The market in Asia Pacific is anticipated to grow at a significant speed owing to rapid growth in the polymer and plastics industry across regional countries, especially India and China. In addition, the demand for ultraviolet stabilizers is increasing in the region due to its tropical location, which leads to exposure to some harmful UV rays. The growth across the chemical industry is expected to promote market opportunities.

  • According to a report published by the International Institute for Sustainable Development (IISD), the chemical industry in Asia Pacific held more than 45% share of global chemical manufacturing in 2021.

Further, North America is also projected to hold a noteworthy share of the market due to the increased adoption of some advanced solutions. Further, the rising import of polymers along with growing health awareness among the regional population related to the harmful effects of UV rays is predicted to bolster market opportunities.

Country-wise Insights

Which Factors are Increasing the Sales of Ultraviolet Stabilizers in Japan?

“Noteworthy Growth of Construction Industry”

Sales of ultraviolet stabilizers in the market in Japan are projected to expand at a sluggish CAGR of 2.7% from 2023 to 2033. The Japanese construction industry is undergoing significant growth in recent years. UV stabilizers are used at a noteworthy rate in the construction industry for multiple purposes.

Further, these UV stabilizers are widely used to protect consumer goods (shoes and sports equipment) and plastic-containing products (automobile components, paints, and building materials).

How are Sales of Ultraviolet Stabilizers Evolving in Germany?

“Growing Demand for Processed Food Propelling Demand for UV Stabilizers”

The demand for ultraviolet stabilizers in Germany is forecasted to progress at a moderate CAGR of 3.6% during the forecast period from 2023 to 2033. The increasing sale of processed and packaged food in Germany is predicted to contribute to target market growth.

How is the United States UV Stabilizers Market Shaping Up?

“Presence of Well-established Automakers in the Country”

The presence of some well-established automakers in the United States is predicted to contribute to increased demand for ultraviolet stabilizers in the industry of automotive. Further, the production of numerous automobiles is also estimated to increase in the forecast period, which can fuel demand for UV stabilizers there.

The sales value of the United States market reached more than US$ 330 million in the year 2022. Moreover, the Canadian market is anticipated to expand at a steady CAGR of 4.3% through 2033.

Category-wise Insights

Which Type of Ultraviolet Stabilizer is Forecasted to Dominate Industry Share?

“Growing Use of Hindered Amine Light Stabilizers (HALS) to Protect Polymer & Plastic Products”

The global market is divided into hindered amine light stabilizers (HALS), UV absorbers, quenchers, and others, based on type. Among these, the HALS segment is anticipated to hold a substantial share of global market revenue in the forecasted period. They protect polymer and plastic products from any sort of harmful UV effects.

Unlike ultraviolet absorbers, HALS, do not absorb ultraviolet rays. Rather, they are used to prevent polymer degradation by continuous and clinical elimination of free radicals that are generated by photooxidation. Further, HALS is used in agricultural films, shipping sacks, coatings, and plastic packaging to resist photodegradation. They are cost-effective and low toxic compared to other available options.

Which Application of Ultraviolet Stabilizers is Set to Generate Substantial Revenue?

“Increasing Use of Ultraviolet Stabilizers in Packaging Industry”

Based on application, the global industry is segmented into packaging, building & construction, automotive, adhesives & sealants, and others. Packaging has sub-applications, including industrial packaging products, consumer goods, food packaging, and beverage packaging. The rising disposable income and constant change in consumer lifestyles have stimulated the use of plastic as significant packaging products, for instance, films, containers & drums, transport crates, caps & closures, and bottles.

The growing demand for UV stabilizers in pharmaceutical packaging, food & beverage packaging, and PET bottles for the protection of packaging materials is contributing to increased sales of UV stabilizers in the packaging industry.

Competitive Landscape

Manufacturers of ultraviolet stabilizers are concentrating to adopt novel strategies to improve facilities for supply chain management while maintaining product standards. They are also involved in new developments while following safety regulations.

For instance :

  • SONGWON Industrial Co., Ltd. launched an innovative light stabilizer in 2021. The product BU PS SABOTAB® UV 216 is designed for greenhouses or agriculture purposes.

Leading companies in the global UV stabilizers market are Adeka Corporation, BASF SE, Chemtura Corporation, Everlight Chemical Industrial Corporation, Lycus Ltd., LLC, Songwon Industrial Co., Ltd., Valtris Specialty Chemicals, and Sunshow (Yantai) Specialty Chemical Co., Ltd.

Segmentation of UV Stabilizers Industry Research

  • By Type :

    • Hindered Amine Light Stabilizers (HALS)
    • UV Absorbers
    • Quenchers
    • Others
  • By Application :

    • Packaging
    • Building & Construction
    • Automotive
    • Adhesives & Sealants
    • Others
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

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The global UV stabilizers market is valued at US$ 1.4 billion in 2023.

The global ultraviolet stabilizers market is estimated to advance at a CAGR of 5.3% through 2033.

Demand for ultraviolet stabilizers in Canada is projected to increase at a CAGR of 4.3%.

The use of ultraviolet stabilizers is predicted to reach a market value of US$ 2.4 billion by 2033.

The market in Germany is forecasted to progress at a CAGR of 3.6% through 2033.

Adeka Corporation, BASF SE, Everlight Chemical Industrial Corporation, Lycus Ltd., LLC, Songwon Industrial Co., Ltd., and Valtris Specialty Chemicals are key producers of ultraviolet stabilizers.

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