The globalUV stabilizers market size was USD 1.42 billion in 2022. The market ispoised to rise from USD 1.49 billion in 2023 to USD 2.16 billion by 2030,
exhibiting a CAGR of 5.5% over the forecast period.
The typically used varieties of UV stabilizers comprise benzophenones,hindered amine light stabilizers, benzotriazoles, and others. The market
expansion can be credited to the rising awareness regarding the harmful effects
of UV radiation and surging product demand from the construction industry.
Fortune BusinessInsights™ provides this information in its research report, titled “UV Stabilizers Market, 2023-2030”.
COVID-19 Impact:
Decline in Product Demand Impacted Market Growth amid COVID-19 Pandemic
The COVID-19 pandemic recorded adecline in product demand. The market expansion was also affected by supply
chain disruptions. During the pandemic, manufacturers faced numerous
challenges.
Segmentation:
HALS Segment Held Dominating Share in2022 Owing to their High Efficacy at Low Concentrations
By type, the market is segmented into UV absorbers, quenchers, HALS(hindered amine light stabilizers), and others. The hindered amine light stabilizers
(HALS) segment accounted for a key market share in 2022. This was due to the
high efficacy of the product at low concentrations.
Report Coverage:
The report offers an insight into the major industry trends. It alsoprovides an account of the pivotal driving and restraining factors. Further, it
gives an analysis of the key strategies deployed by leading companies in
expanding their geographical footprints.
Drivers and Restraints:
Product Demand to Rise Owing toSoaring Consumer Awareness Regarding UV Stabilizer Benefits
The UV stabilizers market growth is being impelled by the variousbenefits offered by these solutions. These help in maintaining the product performance,
appearance, and lifespan. This leads to an increasing preference for these
solutions from consumers as well as manufacturers.
