Market Size of UV Stabilizers Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.36 Billion |
| Market Size (2029) | USD 1.82 Billion |
| CAGR (2024 - 2029) | 5.96 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UV Stabilizers Market Analysis
The UV Stabilizers Market size is estimated at USD 1.36 billion in 2024, and is expected to reach USD 1.82 billion by 2029, growing at a CAGR of 5.96% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market in 2020. This was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
- The major factors driving the growth of the market include the rising consumption of UV stabilizers in the polymer industry and increasing demand for UV stabilizers from wood coatings.
- On the flip side, the negative economic effects of COVID-19 are expected to hinder the growth of the studied market.
- Among the product types, Hindered Amine Light Stabilizers (HALS) accounted for the highest market share during the forecast period.
