What is 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.
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 break-up.
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. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Light Stabilizer market throughout the predicted 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
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.
Market Trend
- Rising Use of Nanocomposites in UV Stabilizers
Market Drivers
- High Demand from Paint and Coating Industry
Opportunities
- Rising Demand from the Developing Regions
- Growing Demand for Wood Coatings
Restraints
- Fluctuations in the Raw Material Prices
Challenges
- Stringent Government Regulations
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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.