UV Stabilizers Market projected to reach USD 2.3 billion by 2032, driven by rising demand
From GlobeNewswire: 2025-01-24 09:00:00
The UV Stabilizers Market was valued at USD 1.4 billion in 2023 and is projected to reach USD 2.3 billion by 2032, with a CAGR of 5.5%. UV stabilizers protect materials from UV radiation, enhancing durability. They are crucial in industries like automotive, packaging, and construction, with a growing focus on eco-friendly options.
Hindered Amine Light Stabilizers (HALS) are a dominant type of UV stabilizer, offering long-lasting protection against UV exposure. In the packaging sector, UV stabilizers play a key role in safeguarding light-sensitive products such as food and cosmetics. The packaging sub-segment led the UV stabilizer market, ensuring product quality and safety during storage and transportation.
The Asia Pacific region accounted for over 42% of the UV Stabilizer Market in 2023, driven by industrial growth and urbanization. Countries like China, India, and Japan are key players in this market, with a rising demand for UV-stabilized materials in construction and coatings. The need for reliable and durable products in various industries fuels the market growth in the region.
In July 2024, BASF introduced Tinuvin NOR 211 AR, a heat and light stabilizer for agricultural plastics. This stabilizer offers protection against UV radiation, thermal stress, and inorganic chemicals. In March 2023, SONGWON showcased innovative solutions like SONGNOX 9228 and SONGSORB 1164, offering extended product lifespan and exceptional UV protection. Cutting-edge UV stabilizers are now being used in packaging, agriculture, construction, and personal care. The market is analyzed through a detailed research methodology, market dynamics impact analysis, statistical insights, and competitive landscape. Segmentation by type and application is provided, along with regional analysis and company profiles. For more information, visit https://www.snsinsider.com/checkout/2017. Contact [email protected] for customization options. SNS Insider is a leading market research and consulting agency providing clients with current, accurate market data and insights to make informed decisions.
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