[160 Pages Report] The Global UV Stabilizers Market is projected to reach USD 1.51 Billion by 2021, at a CAGR of 6.7% from 2016 to 2021. In this study, 2015 has been considered as the base year and the forecast period has been considered from 2016 to 2021 to estimate the global market of UV stabilizers. The growing demand for UV stabilizers in the Asia-Pacific region coupled with the increasing demand for packaging materials, and automotive components & coatings are expected to drive the global UV stabilizers market during the forecast period.

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Based on type, the HALS segment is expected to lead the UV stabilizers market during the forecast period

Based on type, the HALS (Hindered Amine Light Stabilizers) segment is expected to lead the UV stabilizers market during the forecast period, owing to their ability to protect polymers from degradation from UV light exposure while providing durability and long shelf life. HALS are used in thin and thick cross-section applications such as extrusion, blow molding, fibers, films, tapes, and injection molding, among others. The increasing demand for non-degradable, durable, and high-performance products in automotive, packaging, and furniture & construction industries has fueled the growth of the global UV stabilizers market for HALS.

The packaging application segment is expected to lead the UV stabilizers market during the forecast period

The packaging is the largest application segment of the UV stabilizers market, owing to the increasing demand for packaging from food and non-food industries in Asia-Pacific, North America, and Europe regions. The ability to maintain the properties and quality of packaging materials even when exposed to UV radiations, weathering resistivity, and long-term durability is the major factor driving the UV stabilizers market in packaging.

Asia-Pacific is expected to lead the UV stabilizers market during the forecast period

The Asia-Pacific region is estimated to lead the UV stabilizers market. This dominance of the region can be attributed to the presence of a large number of UV stabilizers manufacturers, rising foreign investments, and growing demand for HALS and UV absorbers from plastics, polymers, and automotive industries in the region. China is leading the Asia-Pacific UV stabilizers market due to the growth in the use of UV stabilizers in packaging and automotive industries, among others, and numerous developmental strategies adopted by the manufacturers.

Major manufacturers such as Songwon Industrial Co., Ltd. (South Korea), Solvay SA (Belgium), ALTANA AG (Germany), BASF SE (Germany), Clariant AG (Switzerland), and Addivant (U.S.) have adopted various organic and inorganic strategies to expand their businesses.

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For more details: https://www.prnewswire.com/news-releases/uv-stabilizers-market-worth-151-billion-usd-by-2021-615301513.html

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