The UV stabilizers market boasts diverse types, including UV absorbers, hindered amine light stabilizers, quenchers, and more. These find applications in coatings, plastics, cosmetics, and adhesives, providing essential protection against UV degradation. UV absorbers shield materials from harmful UV radiation, hindered amine light stabilizers prevent polymer degradation, and quenchers counteract photochemical reactions. This comprehensive range of stabilizers addresses the specific needs of coatings, plastics, cosmetics, and adhesives, ensuring enhanced performance and longevity in various applications.
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Data Bridge Market Research analyses that the North America UV Stabilizers Market, which was USD 37,539.37 million in 2022, is expected to reach USD 62,708.06 million by 2030 and is expected to undergo a CAGR of 6.5% during the forecast period of 2023 to 2030. The rising awareness of UV-induced damage acts as a key driver in the stabilizers market. Industries recognize the detrimental impact of UV radiation on materials, driving increased demand for UV stabilizers to safeguard against degradation, ensuring longevity and performance in various applications.
Key Findings of the Study
Stringent environmental regulations are expected to drive the market's growth rate
Stringent environmental regulations are a pivotal driver in the stabilizers market. Industries must comply with regulations advocating UV stabilizers for sustainable and eco-friendly manufacturing. As businesses align with these mandates, the demand for UV stabilizers rises, fostering a market where environmentally-conscious practices are integral. This driver ensures regulatory adherence and propels the industry towards responsible and sustainable manufacturing processes, meeting environmental standards and consumer expectations.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (UV Absorber, Hindered Amine Light Stabilizers, Quenchers, Others), Application Additive (Films and Tapes, Extrusion, Decking, Floor Coating, Others), Application (Coatings, Plastics, Cosmetics, Adhesives), End-User (Automotive, Building and Construction, Adhesives and Sealants, Agriculture)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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ADEKA CORP. (Japan), BASF SE (Germany), Clariant (Switzerland), Everlight Chemical Industrial Corp. (Taiwan), Evonik Industries AG (Germany), Chemours Company (U.S.), Mayzo, Inc. (U.S.), Milsuch asn & Company (U.S.), PolyOne Corporation (U.S.), and Valtris Specialty Chemicals Inc. (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The North America UV stabilizers market is segmented based on type, application additive, application, and end-user.
- On the basis of type, the North America UV stabilizers market is segmented into UV absorber, hindered amine light stabilizers, quenchers, and other
- On the basis of application additive, the North America UV stabilizers market is segmented into films and tapes, extrusion, decking, floor coating, and others
- On the basis of application, the North America UV stabilizers market is segmented into coatings, plastics, cosmetics, and adhesives
- On the basis of end-user, the North America UV stabilizers market is segmented into automotive, building and construction, adhesives and sealants, and agriculture
Major Players
Data Bridge Market Research recognizes the following companies as the North America UV stabilizers market players in North America UV stabilizers market are ADEKA CORP. (Japan), BASF SE (Germany), Clariant (Switzerland), Everlight Chemical Industrial Corp. (Taiwan), Evonik Industries AG (Germany), Chemours Company (U.S.).
Market Developments
- In 2023, the Shanghai Stock Exchange (SSE) marked a significant milestone by officially listing UniteChem Group, a global leader in providing light stabilizers for high-end industrial applications in the plastics sector. The Group's initial public offering, denoted by the symbol 603065 and SS serial number, signifies its recognition and prominence in the industry. This listing underscores UniteChem's position as a key player, further solidifying its presence on the international stage and offering investment opportunities to the market
- In 2022, Solvay launched UV-C stabilizer portfolio, specifically designed for polyolefin surfaces exposed to UV-C light in hygiene applications combatting COVID and hospital infections. This proprietary technology, a milestone in the polyolefin industry, addresses the risks of degradation, discoloration, and micro-crack formation induced by regular UV-C irradiation. Solvay's innovation enhances the durability and performance of materials crucial for healthcare settings
- In 2022, BASF SE revealed plans to expand capacity for hindered amine light stabilizers (HALS) at manufacturing sites in Pontecchio Marconi, Italy, and Lampertheim, Germany. This expansion includes renowned products such as Tinuvin, Chimassorb, and Uvinul. The move underscores BASF's commitment to meeting the escalating demand for these light stabilizers, crucial for enhancing durability and longevity in various applications, including plastics and coatings
- In 2022, Henkel Korea celebrated the successful establishment of its Songdo Plant in the Songdo High-Tech Industrial Cluster, Incheon. This facility is a pivotal Asia-Pacific production hub for high-impact electronics solutions within the Adhesive Technologies business unit. Strategically located, the Songdo Plant reinforces Henkel's commitment to advancing innovation and meeting the growing demand for electronic adhesives in the dynamic and rapidly evolving markets of the Asia-Pacific region
Regional Analysis
Geographically, the countries covered in the North America UV stabilizers market report are U.S., Canada and Mexico in North America.
As per Data Bridge Market Research analysis:
U.S. is expected to dominate the North America UV stabilizers market in the forecast period 2023-2030
The U.S. is expected to dominate the North America UV stabilizers market, driven by rising demand for premium plastic products in the automotive sector. The automotive industry's quest for high-quality materials amplifies the need for UV absorbers, ensuring enhanced durability and longevity of plastic components exposed to sunlight. This trend positions the U.S. at the forefront of UV stabilizer utilization, reflecting the growing importance of advanced materials in American manufacturing.
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