Light Stabilizer Market Definition
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.
The market study is broken down by Type (UV Absorbers and Hindered Amine Light Stabilizers (HALS)), by Application (Floor Coating, Decking, Automotive Coating, Furniture Coating and Others) and major geographies with country level splits.
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. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Light Stabilizer market throughout the predicted period.
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.
AdvanceMarketAnalytics has segmented the market of Global Light Stabilizer market by Type, Application 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.
Market Leaders and their expansionary development strategies
Recently, Clariant, a world leader in specialty chemicals, announces the signing of a Joint Venture contract with Tiangang Auxiliary Co., Ltd., a privately owned producer and a leading supplier of UV Light Stabilizers in China.
- Rising Use of Nanocomposites in UV Stabilizers
- High Demand from Paint and Coating Industry
- Rising Demand from the Developing Regions
- Growing Demand for Wood Coatings
- Fluctuations in the Raw Material Prices
- Stringent Government Regulations
Key Target AudienceLight Stabilizer Manufacturers, Research Professionals, Emerging Companies, Distributors, Government Body & Associations and End-user
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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