Global Ultraviolet Stabilizers Market 2017-2021
About UV Stabilizers
Ultraviolet (UV) stabilizers are used to protect materials from the long-term UV degradation effects caused due to UV radiation. Various UV stabilizers are used depending on the substrate, intended functional life, and sensitivity to UV degradation. Owing to constant exposure to sunlight, materials tend to exhibit photodegradation changes such as color change, chalking, cracking, and the loss of physical properties. In order to respond to the harmful effect of UV light, UV stabilizers are used to solve the degradation problems caused due to exposure to sunlight.
Technavio’s analysts forecast the global UV stabilizers market to grow at a CAGR of 6.9% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global UV stabilizers market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of UV stabilizers.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global UV Stabilizers Market 2017-2021
Technavio recognizes the following companies as the key players in the global UV stabilizers market: BASF, Clariant, Cytec Solvay Group, Evonik Industries, and SONGWON
Other Prominent Vendors in the market are: Addivant, Everlight Chemical Industrial, Lycus, and Mayzo
Commenting on the report, an analyst from Technavio’s team said: “The UV stabilizers market will be driven by macroeconomic factors such as high-income levels and rising GDP, particularly in emerging economies such as China, India, South Africa, Brazil and the UAE. Infrastructural growth, the growing furniture industry, and an abundant supply of raw materials in these countries will promote the growth of industries such as construction, automotive, and packaging, which, in turn, will increase the overall market for UV stabilizers. The flooring and decking, construction, and furniture industries have high requirements for UV stabilizers in order to maintain the color, texture, and appearance and account for large volume consumption of UV stabilizers.”
According to the report, light consists of three components: infrared spectrum, visible spectrum, and UV spectrum. UV spectrum is an electromagnetic radiation that has a wavelength smaller than visible spectrum but longer than soft X-rays. UV light has several effects to the surrounding, including biological and chemical effects. UV light affects the polymer materials causing cracking, chalking, color change, and loss of physical properties to the product. UV and other light sources such as fluorescent lighting have a damaging effect on polymer properties.
Further, the report states that along with cost-effective, ease of handling, and high processing efficiency, UV stabilizers should also comply with regulatory, safety, and environmental requirements. These regulatory, safety, and environmental requirements for UV stabilizers vary from region to region. The UV stabilizers for polymers have an adverse effect on the environment due to the content of heavy metal in them. Thus, in Europe, the manufacturers are replacing the hazardous materials in UV stabilizers. For instance, In Europe, the lead-based UV stabilizers are being replaced by calcium-zinc based stabilizers. The regulation and safety standards are a crucial part of the polymer industry.
Addivant, Everlight Chemical Industrial, Lycus, Mayzo