About Light Stabilizer
The light stabilizer is used to protect plastics and other materials against degradation from long term exposure to ultraviolet (UV) radiation. The plastic material when gets exposed to the UV radiation in sunlight initiates degradation through a photo-oxidative process. It leads to undesirable effects on plastic such as changes in appearance, deterioration of mechanical properties, and the formation of visible defects such as cracks.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Light Stabilizer market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Akcros Chemicals (United States), Everlight Chemical Industrial Corp. (United States), Lycus Ltd (United States), Clariant AG (Switzerland), Cytec Industries Inc. (United States), BASF SE (Germany), BYK Additives & Instruments (Germany), AkzoNobel N.V. (Netherlands), Mayzo Inc. (United States) and Chemtura Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Light Stabilizer market by Type (UV Absorbers and Hindered Amine Light Stabilizers (HALS)), Application (Floor Coating, Decking, Automotive Coating, Furniture Coating and Others) and Region.
On the basis of geography, the market of Light Stabilizer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Plastic will boost the Light Stabilizer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Use of Nanocomposites in UV Stabilizers
Market Growth Drivers:
High Demand from Paint and Coating Industry
Challenges:
Stringent Government Regulations
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Rising Demand from the Developing Regions and Growing Demand for Wood Coatings
Market Leaders and their expansionary development strategies
In October 2023, BASF and Oriental Yuhong, a leading Thermoplastic Polyolefin (TPO) roofing membrane producer in China, are teaming up to develop solar roofing membranes used in buildings. The new development aims to meet China’s rapidly growing demand for rooftop solar panels.
In November 2021, UniteChem Group, the world’s leading supplier of light stabilizers for plastics in a broad range of high-end industrial applications, has recently started full-scale production of advanced high-performance light stabilizers UniteChem LS2020 and LS119 in its newly commissioned production facilities.
Key Target Audience
Light Stabilizer Manufacturers, Research Professionals, Emerging Companies, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.