In a recent published report, Kenneth Research has updated the market report for UV Stabilizers Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for UV Stabilizers Market products.
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The global UV Stabilizers market was valued at USD 21.40 billion in 2016 and is projected to reach USD 42.07 billion by 2025, growing at a CAGR of 7.8% from 2017 to 2025.
The primary reason why UV stabilizers are used is to prevent the products from ill effects caused due to UV radiation. They are majorly used in plastics, cosmetics and films which are used in various end-user industries. The selection of appropriate UV stabilizer prevents the product from photo oxidation.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing demand from Asia Pacific region
1.2 Growing demand for wood coatings in North America
2. Market Restraints
2.1 Raw material price fluctuation
2.2 High production cost
Market Segmentation:
The global UV Stabilizers market is segmented on the basis of product, application and region.
1. By Product:
1.1 HALS
1.2 UV Absorber
1.3 Quenchers
2. By Application:
2.1 Packaging
2.1.1 Food
2.1.2 Consumer Goods
2.2 Automotive
2.2.1.1 Components
2.2.1.2 Coatings
2.3 Agriculture
2.3.1.1 Films
2.3.1.2 Equipment
2.4 Building & Construction
2.4.1.1 Flooring & Decking
2.4.1.2 Furniture
2.5 Sealants & Adhesives
2.5.1 Hotmelt Adhesives
2.5.2 Tapes
2.6 Others
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Songwon Industrial Co. Ltd.
2. BASF SE
3. Solvay
4. Clariant
5. Adeka Corporation
6. Altana AG
7. Addivant
8. Valtris Specialty Chemicals
9. Mayzo Inc.
10. Lycus Ltd
11. Chemipro Kasei Kaisha
12. Ichemco SRL
13. Lambson Limited
14. Venderbilt Chemicals
15. MPI Chemie B.V.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the UV Stabilizers market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
Access full Report here – https://www.kennethresearch.com/report-details/global-uv-stabilizers-market/10059900
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