DUBLIN, June 13, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "UV Stabilizer Market by Type (HALS, UVA, Quenchers), by Application (Flooring & Decking, Furniture, Packaging, Automotive Coatings, Agriculture, Adhesives & Sealants), & by Region - Global Forecasts to 2020" report to their offering.
The global UV stabilizer market size, in terms of value, is projected to reach USD 324.4 Million by 2020, registering a CAGR of 6.7% between 2015 and 2020
The growing manufacturing industries, increasing demand for UV stabilizers in the Asia-Pacific region, increasing demand of wood coatings in North America, and continuous product development, expansion, and merger & acquisition activities undertaken by companies are the key factors for the growth of the global UV stabilizers market.
UV Absorbers are projected to register the fastest-growth among other types, followed by HALS in the global UV stabilizers market. The demand of UV Absorbers is mainly driven by its ability to provide low-cost solution, good processability, improved weatherability, and low volatility to applications such as high-performance thermoplastics, polyurethanes, polymers, construction, and packaging among others.
Packaging is the fastest-growing application segment in the global UV stabilizer market. HALS and UV Absorbers are the highly preferred types of UV stabilizers in the packaging sector. The increasing demand of non-degradable and UV resistant plastic packaging components from PET bottles and food & beverage containers among others have fueled the growth of UV stabilizers in the packaging application market.
Though the UV stabilizer market is gaining importance, few factors act as a bottleneck toward the growth of UV stabilizers in the global market. The volatility in UV stabilizers raw material prices and stringent governmental regulations are the major restraints toward the growth of the UV stabilizers market.
Companies such as BASF SE (Germany), Clariant AG (Switzerland), Cytec Solvay Group (U.S.), Evonik Industries AG (Germany), and Songwon Industrial Co., Ltd. (South Korea) are the dominant market players in the global UV stabilizers market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 UV Stabilizers Market, By Type
8 UV Stabilizers Market, By Application
9 UV Stabilizers Market, Regional Analysis
10 Competitive Landscape
11 Company Profiles
- Akcros Chemicals
- Basf Se
- Clariant Ag
- Cytec Solvay Group
- Everlight Chemical Industrial Corp.
- Evonik Industries Ag
- Lycus Ltd.
- Mayzo Inc.
- Songwon Industrial Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/vmz8d5/uv_stabilizer
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SOURCE Research and Markets