New York, NY -- (SBWIRE) -- 10/16/2017 -- The Ultra Violet (UV) radiation from sun or artificial light results in breaking down of the chemical bonds in a polymer that result in cracking, chalking and color variation. The UV Stabilizers are used to inhibit degradation and improve the polymer physical properties and life by maintaining their strength, flexibility and appearance for the end user industry applications. The UV absorbers function by preferentially absorbing harmful ultraviolet radiation while the HALS (Hindered Amine) Light Stabilizers form nitroxyl radicals to inhibit degradation of the polymer. As a result, HALS provide high thermal and light stability as they are regenerated during the stabilization process. The market for UV Stabilizers is expected to grow steadily as key players will continue to develop more efficient UV stabilizer based production technology for the consumers. Vendors in the market are focusing on the introduction of new and improved products to cater to increasing demand and keep pace with the competition in the market. Over the past few years, major players in the UV Stabilizers market also focused on strengthening its overall presence in China.

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UV Stabilizers Market: Drivers and Restraints

The UV Stabilizers find their major application for the packaging of food & beverages and nonfood products across all parts of the globe. The ability of the UV stabilizers to impart retention properties to the packaging material to maintain quality and durability of packaging materials on exposure to sunlight, harsh climate conditions, and long-term durability is the major factor driving the UV stabilizers market. The UV protection required for polyethylene terephthalate (PET) fibers will also be one of important end use segment within packaging sector. The key factor driving global UV stabilizers market is rising for low cost raw materials such as plastic and wooden materials requiring coating of UV stabilizers for imparting high thermal stability. The consumption of the UV Stabilizers will also be driven by usage for manufacture ring of polymer water tanks and chemical tanks that require molded product to maintain tensile strength on exposure to UV radiations for long term. In the Asia-Pacific region, growing demand of consumer goods, significant growth of regional automotive sector will be the major factors for increasing demand of the UV stabilizers. The nickel quenchers are mainly used for agricultural film applications as they offer balance between UV protection and interaction with pesticides. The UV stabilizers enhance the features of nets used in agriculture that provide protection to the plants being kept inside the green house. The growing demand of greenhouse films globally is anticipated to play key role driving the UV stabilizers market in the coming years.

UV Stabilizers Market: Segmentation

On the basis of type, the UV Stabilizers market can be segmented into:

HALS (Hindered Amine)
UV Absorber
Quenchers

On the basis of application, the UV Stabilizers market can be segmented into:

Packaging
Automotive
Agriculture
Building & Construction
Adhesives & Sealants
Plastics
Others

UV Stabilizers Market: Region-Wise Outlook

The global UV Stabilizers market is segmented into seven key regions: North America, Latin America, Western Europe and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). In the coming years, Western Europe, Japan and North America are expected to witness notable growth in the demand of UV Stabilizers driven by growing application in the nanotechnology that will significant opportunity for industry participants in the developed regions. The APEJ is expected to register significant growth due to rapidly developing manufacturing base and increasing number of end user industry vertical players, in the developing economies such as China, Taiwan and India in this region. The MEA, Latin America and Eastern Europe are also expected to register healthy CAGR over the forecast period.

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UV Stabilizers Market: Market Participants

Examples of some of the market participants identified across the value chain of the global UV Stabilizers market include:

BASF SE
Songwon Industrial Co., Ltd.
Clariant AG
Solvay SA
Altana AG
Adeka Corporation
Addivant
Valtris Specialty Chemicals
Lycus Ltd.
Mayzo, Inc.