UV light stabilizers are found in wood-protection coatings for minimizing perpetual exposure of wood to ultraviolet radiations for preventing it from discoloration and decomposition. Globally, development of efficient and advanced technology, rising demand for ultraviolet radiation protection in wood coatings industry, flourishing construction industry, and advantageous properties of UV stabilizer are the prime growth drivers of the UV stabilizer market.
In addition, emergence of nanotechnology in coating industry, increase in adoption of UV stabilizer for application in new industrial verticals, and emerging economies such as China, India and others, will create new opportunities for the UV stabilizer market. However, volatile prices and availability of raw materials, higher cost of production, complex manufacturing process, and higher cost of UV stabilizer as compared to conventional materials are the key restraints for the UV stabilizer market.
Geographically, North America dominated the UV stabilizer market, because of stringent government regulations, rise in housing projects and technological advancements in furniture & construction industries. Asia Pacific is projected to have the fastest growth, owing to a rapidly increasing construction industry, rise in urbanization, and growing agricultural activities in developing nations such as China, and India in this region. Among all the applications, furniture segment has the highest market share in the UV stabilizer market due to a spur in construction industry.
Key Topics Covered:
1. Market Overview
2. Executive Summary
3. Market Landscape
4. Market Forces
5. Strategic Analysis
6. UV Stabilizer Market, By Type
7. UV Stabilizer Market, By Application
8. UV Stabilizer Market, By Geography
9. UV Stabilizer - Entropy
10. Company Profiles
- Everlight Chemical Industrial Corp.
- Cytec Solvay Group
- BASF SE
- Evonik Industries AG
- Songwon Industrial Co. Ltd.
- Clariant AG
- Akcros Chemicals
- Lycus Ltd.
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