The UV Stabilizers Market is to Touch $2.24 Billion by 2030; Increasing UV Radiation Levels and Harmful Effects, Expansion of the Construction Industry and Increased Demand for Outdoor Living Spaces propels market growth.

The UV Stabilizers Market size is estimated to reach $2.24 billion by 2030, growing at a CAGR of 6.4% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “UV Stabilizers Market – By Type (Hindered Amine Light Stabilizers, UV Absorbers, Quenchers), By Application (Coatings, Adhesives and Sealants, Plastics, Others), By End-Use Industry (Architectural, Agriculture, Automotive, Furniture, Packaging, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030” Increasing Level of UV Radiation and The Harmful Effect of UV Radiation are the main drivers of market expansion and are fueling the growth of the UV Stabilizers industry during the forecast period.

North America's dominance in the UV stabilizers market is largely attributed to its robust automotive industry, which relies heavily on these stabilizers to enhance vehicle durability. The sector's anticipated growth in manufacturing activities is expected to further elevate the demand for UV stabilizers. Additionally, plastic is widely used as a packaging material across various industries, including food and beverages and PET bottles. The U.S. Food and Drug Administration plays a crucial role in ensuring the safety of food packaging materials, particularly polymers that come into contact with food products, thus supporting the market for UV stabilizers in the region.

The increased use of refrigerators and air conditioners, which emit ozone-depleting gases, has significantly contributed to the rise in UV radiation levels. NASA has reported that over the last 30 years, UV radiation levels have dramatically increased, causing degenerative effects on materials exposed to sunlight. The higher UV radiation levels have driven the growth of the UV stabilizer market, as there is greater awareness of the harmful effects on materials such as plastics and wood. Polymer photo degradation occurs when a substance is exposed to UV radiation, leading to the deterioration of physical characteristics like color, material strength, elongation, tensile strength, and surface integrity. To prevent this damage and avoid the loss of components, manufacturers apply UV light stabilizers. Thus, the increasing UV radiation levels and their harmful effects are key drivers for the growth of the UV stabilizer market.

The continuous growth of infrastructure has fueled the expansion of the construction industry. Businesses and manufacturers increasingly prefer alternative inexpensive raw materials like plastics and wood products, which can be easily shaped into various forms. These materials are in high demand for applications such as flooring, shielding, and fencing. However, high exposure to the sun causes these materials to degrade. To combat this, UV stabilizers are applied as coatings to minimize efficiency losses. The rapid growth in housing and construction spending, particularly in the U.S. and Mexico, has significantly contributed to the economic development of North America. Eco-friendly UV stabilizers, characterized by low VOC emissions and high UV protection, are preferred for wood coatings. The rising demand for UV stabilizers is driven by the large building and construction market in the region, which exports nearly 90 percent of furniture manufactured in the U.S. The growing use of plastics and wood in the construction industry will continue to drive the demand for UV stabilizers to maintain their integrity.

Key companies profiled in the UV Stabilizers Market are BASF, AkzonNobel, BYK Additives, Valtris, Specialty Chemical , Clariant, Cytec Solvay Group, Mayzo, Lyucs Ltd., Songwon Industries corporation, Everylight Chemical industrial corporation and others.