Asia-Pacific UV Stabilizers Market, By 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), Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2030.
Asia-Pacific UV Stabilizers Market Analysis and Size
The increasing demand for UV stabilizers in the market due to their various benefits, such as improved product durability and UV protection, is expected to drive market growth during the forecast period. In addition, the growing agriculture films industry is expected to provide an opportunity for market growth.
Data Bridge Market Research analyzes that the Asia-Pacific UV Stabilizers Market, which was USD 619.97 million in 2022, would rocket up to USD 929.22 million by 2030, and is expected to undergo a CAGR of 7% during the forecast period of 2023 to 2030. “UV Absorber” segment is expected to dominate the type segment of the market. The demand for UV absorber products for wood coating is increasing due to the growing demand for wood products for exterior decoration in the region.
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.
Asia-Pacific UV Stabilizers Market Scope and 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 Year
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Tons, Pricing in USD
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Segments Covered
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By 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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Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific
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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.), Milliken & Company (U.S.), PolyOne Corporation (U.S.), and Valtris Specialty Chemicals Inc. (U.S.)
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Market Opportunities
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Market Definition
UV stabilizers are classified into three types: HALS, UV absorbers, and quenchers. HALS is the most often used type of UV stabilizer. The three components of light are the infrared spectrum, the visible spectrum, and the UV spectrum. The wavelength of electromagnetic radiation in the UV spectrum is less than that of visible light but longer than that of soft X-rays.
Asia-Pacific UV Stabilizers Market Dynamics
Drivers
- Growing demand for UV protection
The growing awareness of the harmful effects of UV radiation on human health and materials has resulted in an increase in demand for UV stabilizers. Factors such as a higher incidence of skin cancer and the need for UV protection in various industries such as automotive, construction, and plastics drive the demand for UV stabilizers in Asia-Pacific.
- Stringent regulations and standards
To ensure the safety and durability of materials exposed to UV radiation, Asia-Pacific has strict regulations and standards in place. UV stabilizers are in high demand as companies strive to meet required standards and comply with regulations in industries such as automotive, aerospace, and consumer goods.
Opportunities
- New Technological advancements
The development of new and improved UV stabilizer formulations provides opportunities for the manufacturers. Nanotechnology, polymer chemistry, and materials science advancements enable the development of UV stabilizers with improved performance, durability, and compatibility with various materials.
- Shift towards sustainable solutions
UV stabilizers that are both sustainable and environmentally friendly are in high demand. Manufacturers in Asia-Pacific have the opportunity to develop and offer eco-friendly UV stabilizers that are free from harmful substances and provide effective UV protection while minimizing environmental impact.
Restraints/Challenges
- Limited awareness and adoption
Some industries and end-users may be unaware of the benefits and applications of UV stabilizers. Educating the market about the importance of UV protection and the benefits of using UV stabilizers can be a barrier for manufacturers in Asia-Pacific. Building awareness and demonstrating the value proposition of UV stabilizers is critical for driving their adoption.
- Cost and availability of raw materials
The cost and availability of raw materials used in the production of UV stabilizers can be a challenge for manufacturers. Raw material price fluctuations, limited availability of certain components, and reliance on imports may have an impact on the manufacturing cost and profitability of UV stabilizers in Asia-Pacific.
Recent Developments
- In March 2023, the Shanghai Stock Exchange (SSE), one of China's three major independently operating stock exchanges, officially listed UniteChem Group, the world's leading supplier of light stabilizers for plastics in a wide range of high-end industrial applications. The Group's initial public offering will be denoted by the symbol 603065. SS serial number.
- In July 2022, Solvay announced the creation of an innovative new UV-C stabilizer portfolio. They are intended for use in demanding hygiene applications where polyolefin surfaces are treated with UV-C light (200-280 nm) to combat COVID and hospital-acquired infections. The new proprietary stabilization technology marks an important milestone for the polyolefin industry because it is the first to address the risk of polyolefin degradation, discoloration, and micro-crack formation caused by UV-C irradiation on a regular basis
Asia-Pacific UV Stabilizers Market Scope
The Asia-Pacific UV stabilizers market is segmented based on type, application additive, application, and end-user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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
Asia-Pacific UV Stabilizers Market Regional Analysis/Insights
The Asia-Pacific UV stabilizers market is analyzed and market size insights and trends are provided by type, application additive, application, and end-user, as referenced above.
The countries covered in the Asia-Pacific UV stabilizers market report are Japan, China, South Korea, India, Australia & New Zeeland, Singapore, Thailand, Indonesia, Malaysia, Philippines, and rest of Asia-Pacific.
Japan is expected to dominate the Asia-Pacific UV stabilizers market due to the increasing demand for high-quality plastic products for the automotive industry, which increases the demand for UV absorbers in the country.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Asia-Pacific UV Stabilizers Industry Growth and New Technology Penetration
The Asia-Pacific UV stabilizers market also provides you with detailed market analysis for every country growth in the UV stabilizers industry, installed new production plant, impact of technology using life line curves and changes in UV stabilizers regulatory scenarios and their impact on the market. The data is available for the historic period 2015-2020.
Competitive Landscape and Asia-Pacific UV Stabilizers Market Share Analysis
The Asia-Pacific UV stabilizers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nucleating and clarifying agents market.
Some of the major players operating in the Asia-Pacific 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.)
- Mayzo, Inc. (U.S.)
- Milliken & Company (U.S.)
- PolyOne Corporation (U.S.)
- Valtris Specialty Chemicals Inc. (U.S.)
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