Market Overview:
The global UV light stabilizing agents market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for floor coatings, automotive coatings, furniture coatings, and other applications across the globe. In terms of type, benzotriazole is expected to lead the global UV light stabilizing agents market during the forecast period owing to its properties such as high efficiency and long-term stability. In terms of application, floor coating is expected to lead the global UV light stabilizing agents market during the forecast period owing to its growing demand in residential and commercial buildings across regions.
Product Definition:
UV light stabilizing agents are chemicals that are added to plastics and other materials to protect them from the sun's UV rays. These agents work by absorbing or reflecting UV radiation, which prevents the material from being damaged.
Benzotriazole:
Benzotriazole (BTA) is an organic compound, which is also known as 1-4 benzoxazol. It has a triazole ring with the chemical formula C6H5N3. BTA has a white crystalline appearance and it's odor is similar to that of fresh cut grass.
Aniline Oxalate:
Aniline oxalate is a chemical compound derived from aniline. It has a strong odor similar to garlic and tastes slightly sweet. Aniline oxalate is used as an intermediate for the manufacturing of chemicals that are used in agriculture, pharmaceuticals, dyes & pigments, textiles, leather tanning & dyeing industries and also as intermediates for the synthesis of vitamin C&D (ascorbic acid).
Application Insights:
The market is segmented on the basis of application into floor coating, automotive coating, furniture coating, and others. The automotive sector emerged as the largest application segment in 2017 and accounted for over 30% of total demand. Increasing automobile production across the globe coupled with rising consumer preference for aesthetic vehicles is expected to drive product demand in this segment over the forecast period.
The growing use of UV-cured coatings in automobiles to repair damages caused by road debris or weather conditions is projected to positively influence industry growth during the forecast period. Furthermore, increasing penetration of UVCB products as a protective layer against sun rays that cause fading & discoloring when exposed directly to sunlight will further propel industry expansion during 2018 - 2030 timeframe.
Regional Analysis:
Asia Pacific was the largest global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in automotive production, which requires high-quality coatings for vehicle assembly. This trend is projected to drive product demand further.
North America UV light stabilizing agents market accounted for a share of more than 15% in 2017 owing to growing demand from end-use industries such as furniture, flooring, and automobile coating. In North America, increasing R&D activities on organic light stabilizers are likely to have a positive impact on industry growth over the coming years.
Growth Factors:
- Increasing demand for UV light stabilizing agents in end-use industries such as automotive, construction, and textiles due to the growing awareness about the harmful effects of UV radiation.
- Rising demand for eco-friendly and non-toxic UV light stabilizing agents from consumers due to health concerns.
- Growing popularity of nanotechnology-based UV light stabilizing agents that offer better performance than traditional counterparts.
- Technological advancements in production processes that have led to the development of more efficient and cost effective UV light stabilizing agents.
Scope Of The Report
Report Attributes
Report Details
Report Title
UV Light Stabilizing Agents Market Research Report
By Type
Benzotriazole, Aniline Oxalate, Benzophenone
By Application
Floor Coating, Automotive Coating, Furniture Coating, Others
By Companies
BASF, AkzoNobel, BYK, Valtris, Clariant, Cytec, Mayzo, Lycus
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global UV Light Stabilizing Agents Market Report Segments:
The global UV Light Stabilizing Agents market is segmented on the basis of:
Types
Benzotriazole, Aniline Oxalate, Benzophenone
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Floor Coating, Automotive Coating, Furniture Coating, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- AkzoNobel
- BYK
- Valtris
- Clariant
- Cytec
- Mayzo
- Lycus
Highlights of The UV Light Stabilizing Agents Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Benzotriazole
- Aniline Oxalate
- Benzophenone
- By Application:
- Floor Coating
- Automotive Coating
- Furniture Coating
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the UV Light Stabilizing Agents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
UV light stabilizing agents are chemicals that help to prevent the degradation of UV-sensitive materials.
Some of the major players in the uv light stabilizing agents market are BASF, AkzoNobel, BYK, Valtris, Clariant, Cytec, Mayzo, Lycus.
The uv light stabilizing agents market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 UV Light Stabilizing Agents Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 UV Light Stabilizing Agents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 UV Light Stabilizing Agents Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the UV Light Stabilizing Agents Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global UV Light Stabilizing Agents Market Size & Forecast, 2018-2028
4.5.1 UV Light Stabilizing Agents Market Size and Y-o-Y Growth
4.5.2 UV Light Stabilizing Agents Market Absolute $ Opportunity
Chapter 5 Global UV Light Stabilizing Agents Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 UV Light Stabilizing Agents Market Size Forecast by Type
5.2.1 Benzotriazole
5.2.2 Aniline Oxalate
5.2.3 Benzophenone
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global UV Light Stabilizing Agents Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 UV Light Stabilizing Agents Market Size Forecast by Applications
6.2.1 Floor Coating
6.2.2 Automotive Coating
6.2.3 Furniture Coating
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global UV Light Stabilizing Agents Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 UV Light Stabilizing Agents Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America UV Light Stabilizing Agents Analysis and Forecast
9.1 Introduction
9.2 North America UV Light Stabilizing Agents Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America UV Light Stabilizing Agents Market Size Forecast by Type
9.6.1 Benzotriazole
9.6.2 Aniline Oxalate
9.6.3 Benzophenone
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America UV Light Stabilizing Agents Market Size Forecast by Applications
9.10.1 Floor Coating
9.10.2 Automotive Coating
9.10.3 Furniture Coating
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe UV Light Stabilizing Agents Analysis and Forecast
10.1 Introduction
10.2 Europe UV Light Stabilizing Agents Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe UV Light Stabilizing Agents Market Size Forecast by Type
10.6.1 Benzotriazole
10.6.2 Aniline Oxalate
10.6.3 Benzophenone
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe UV Light Stabilizing Agents Market Size Forecast by Applications
10.10.1 Floor Coating
10.10.2 Automotive Coating
10.10.3 Furniture Coating
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific UV Light Stabilizing Agents Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific UV Light Stabilizing Agents Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific UV Light Stabilizing Agents Market Size Forecast by Type
11.6.1 Benzotriazole
11.6.2 Aniline Oxalate
11.6.3 Benzophenone
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific UV Light Stabilizing Agents Market Size Forecast by Applications
11.10.1 Floor Coating
11.10.2 Automotive Coating
11.10.3 Furniture Coating
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America UV Light Stabilizing Agents Analysis and Forecast
12.1 Introduction
12.2 Latin America UV Light Stabilizing Agents Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America UV Light Stabilizing Agents Market Size Forecast by Type
12.6.1 Benzotriazole
12.6.2 Aniline Oxalate
12.6.3 Benzophenone
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America UV Light Stabilizing Agents Market Size Forecast by Applications
12.10.1 Floor Coating
12.10.2 Automotive Coating
12.10.3 Furniture Coating
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) UV Light Stabilizing Agents Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) UV Light Stabilizing Agents Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) UV Light Stabilizing Agents Market Size Forecast by Type
13.6.1 Benzotriazole
13.6.2 Aniline Oxalate
13.6.3 Benzophenone
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) UV Light Stabilizing Agents Market Size Forecast by Applications
13.10.1 Floor Coating
13.10.2 Automotive Coating
13.10.3 Furniture Coating
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 UV Light Stabilizing Agents Market: Competitive Dashboard
14.2 Global UV Light Stabilizing Agents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 AkzoNobel
14.3.3 BYK
14.3.4 Valtris
14.3.5 Clariant
14.3.6 Cytec
14.3.7 Mayzo
14.3.8 Lycus
