Global UV Stabilizer Market forecast 2021
“Increasing
demand for greenhouse films is expected to drive the UV stabilizers market
during the forecast period”
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. The growth of manufacturing
industries in China is resulting in China becoming the largest consumer of UV
stabilizers globally. The growing need for UV stabilizers in industries such as
packaging and automotive due to rapid urbanization and increasing population in
China and other countries across the Asia-Pacific region are driving the UV
stabilizers market. UV stabilizers are majorly used in packaging and automotive
industries. These industries are witnessing growth in the Asia-Pacific region,
owing to increasing population and changing lifestyle of the people in
countries of the region. This factor is fueling the growth of the UV
stabilizers market. However, the growth of the UV stabilizers market is
restrained due to fluctuation in raw material prices as well as high production
cost of UV stabilizers.
“Based on
type, HALS segment is expected to grow at the highest CAGR during the forecast
period”
Based on type, the HALS segment is expected to lead the UV stabilizers
market during the forecast period. HALS is characterized on the basis of its
molecular weight, performance, volatility, and extractability. Different types
of HALS are used in various applications, owing to their unique properties.
HALS are majorly used in applications wherein thin materials are required such
as fibers, tapes, and films. Furthermore, HALS can also be used in profile
extrusion, blow molding, injection molding, and sheet extrusion, among others,
in polypropylene (PP) and other polymers.
“Packaging
application segment is expected to lead the UV stabilizers market during the
forecast period”
UV stabilizers protect packages and their con tents from discoloration, and from damaging effects of UV
radiations, thereby providing high quality, low volatile, and longer durability
to packaging materials such as bottles, caps & closures, containers &
drums, and films, among others. Based on application, the packaging segment is
expected to lead the UV stabilizers market due to the increasing disposable
income of people, changing consumer lifestyle, increased use of plastics, and
growing pharmaceutical and food & beverage industries in countries such as
China, India, Japan, the U.S., and Germany, among others.
“The
Asia-Pacific UV stabilizers market is expected to grow at the highest CAGR
during the forecast period”
The Asia-Pacific region is the largest market for UV stabilizers
globally. The region is expected to witness significant growth in the UV
stabilizers market due to the growth of the Chinese economy and rapid
industrialization. China is a key consumer of UV stabilizers in the
Asia-Pacific region as well as globally. Furthermore, the global shift in the
production capacity from developed markets to emerging markets is a major
factor fueling the growth of the UV stabilizers market in the region.
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Full Report: Global
UV Stabilizer Market forecast 2021
Reasons
to buy this report:
• Market Penetration: Comprehensive information on UV stabilizers offered
by the top players in the global UV stabilizers market.
• Product Development/Innovation: Detailed insights on upcoming
technologies, R&D activities, and new product launches in the global UV
stabilizers market.
• Market Development: Comprehensive information about lucrative emerging
markets – the report analyzes the markets for UV stabilizers across regions.
• Market Diversification: Exhaustive information about new products,
untapped geographies, recent developments, and investments in the global UV
stabilizers market.
• Competitive Assessment: In-depth assessment of market shares,
strategies, products, and manufacturing capabilities of the leading players in
the global UV stabilizers market.
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forecast 2021
Table
of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
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