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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UV stabilizers find application in packaging and automotive industries with HALS and UV absorbers. Increasing demand from industries such as packaging and automotive has promoted the usage of UV stabilizers. In addition, the rise in demand for greenhouse films is expected to drive the UV stabilizers market during the forecast period.

Based on type, the HALS segment is projected to lead the UV stabilizers market from 2016 to 2021. HALS is majorly used in packaging and automotive industries. In addition, HALS finds application in food and non-food packaging. The demand for UV absorbers is mainly driven by its ability to provide a low-cost solution, good processing ability, improved weather ability, and low volatility to industries such as high-performance thermoplastics, polyurethanes, polymers, automotive, and packaging, among others. These factors are expected to fuel the growth of the UV stabilizers market during the forecast period.

Top 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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