DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "UV Light Stabilizers Market Analysis By Application (Furniture & Interiors, Decking & Flooring) And Segment Forecasts To 2022" report to their offering.
The global UV light stabilizers market is expected to reach USD 331.4 million by 2022.
Growing demand from the wood coatings industry for ultraviolet radiation protection is expected to remain a key driving factor for global UV light stabilizers market over the forecast period. These stabilizers prevent discoloration, product decomposition and diminish lignin degradation of wood. Low VOC emission level is another key factor that is presumed to positively impact the global market. Complexities in the manufacturing process coupled with high product cost are expected to challenge market profitability.
Decking & flooring was the leading application segment and accounted for over 25% of total market volume in 2014. Increasing construction spending in Asia Pacific and Middle East coupled with recovery of construction industry in the U.S. is expected to drive this segment over the forecast period. It is also expected to witness the highest growth of 6.3% from 2015 to 2022.
North America was the leading regional market and accounted for 34.3% of total market volume in 2014. Recovery of U.S. housing market coupled with government's affordable housing schemes is expected to drive the regional market. North America was closely followed by Europe which is expected to witness moderate growth over the forecast period.
- Akcros Chemicals
- AkzoNobel N.V
- BASF SE
- BYK-Chemie GmbH
- Chemtura Corporation
- Clariant Ltd.
- Cytec Industries Inc.
- Everlight Chemical
- Lycus Ltd.
- Mayzo Inc.
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. UV Light Stabilizers Industry Outlook
4. UV Light Stabilizer Application Outlook
5. UV Light Stabilizers Regional Outlook
6. Competitive Landscape
For more information visit http://www.researchandmarkets.com/research/g69ts7/uv_light