DUBLIN, Nov. 19, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/w5wp68/world_uv_light) has announced the addition of the "World UV Light Stabilizers Market - Opportunities and Forecasts, 2014-2020" report to their offering.
World UV Light StabilizerMarket Opportunities and Forecast, 2014-2020, forecasts that the global UV light stabilizer market would garner $373.5 million by 2020, registering a CAGR of 7.1% during the forecast period of 2015-2020
Asia Pacific is the highest revenue generating region owing to the large industrial base of construction, automobile and packaging industry. Additionally, the increasing awareness and exposure of different objects and materials to UV radiation and its degradation effect on the same would boost the demand for UV light stabilizers.
UV absorbers, Hindered Amine Light Stabilizers (HALS) and quenchers are the types of UV light stabilizers that have significant applications such as coating substrates for flooring, decking, furniture and for interior & exterior parts of automobiles. Additionally, UV light stabilizers have found increased applicability in the packaging industry and in agricultural tapes & films. HALS segment constituted 74% of the overall UV light stabilizer market by value, owing to its already established large adoption base and usability in many applications. HALS are preferred over other stabilizers due to their longer shelf life; thus, boosting the HALS market during the forecast period.
UV absorbers, which currently occupy 23% of the total market, are witnessing increased adoption due to their cost-effectiveness, but they can be useful only for short-term exposure. Hydroxy-benzo-phenone and hydroxyl-phenyl-benzotriazole are the most preferred UV absorbers due to the advantage of being suitable for neutral or transparent applications.UV light stabilizers are mostly used in flooring and decking applications to protect the floors and decks from the harmful effects of UV radiation due to their wide exposure to sunlight. In 2014, flooring application was the highest revenue generating segment of the overall UV light stabilizers market and is expected to maintain its dominant position throughout the forecast period, due the extensive usage of UV light stabilizers for all kinds of flooring.
The Asia-Pacific region dominates the global UV stabilizer market followed by Europe and North America. The boom in construction and automobile industry, and the increased utilization of plastics in the APAC region, have contributed to highest market share of the region in the overall UV stabilizer market. The ongoing infrastructure developments in the Asia-Pacific region would boost the growth of the UV stabilizer market during the forecast period.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Market Overview
Chapter 3 World Uv Light Stabilizer Market By Type, 2014-2020 ($Million)
Chapter 4 World Uv Light Stabilizer Market By Application, 2014-2020 ($Million)
Chapter 5 World Uv Light Stabilizer Market By Geography, 2014-2020 ($Million)
Chapter 6 Company Profiles
- ATLANTA AG (BYK-Chemie GmbH) - Akcros Chemicals - AkzoNobel N.V. - BASF SE - Chemtura Corporation - Clariant Ltd. - Cytec Industries - Everlight Chemical Industrial Co. - Lycus Ltd. - Mayzo, Inc.
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Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets