UV Absorbers Market: Introduction
The global UV absorbers market was valued at ~US$ 622 Mn in 2018 and is anticipated to expand at a CAGR of 4.5% from 2019 to 2027. Rapid growth of population, rising government spending on infrastructure development, and rising need for space have led to growth of the global building & construction sector. However, since buildings are highly exposed to sunlight, they are more susceptible to yellowing, peeling, cracking. This, in turn, has led to production of UV absorbers, which can provide protection from degradation caused by exposure to UV rays.
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Since buildings are greatly exposed to sunlight, they are more susceptible to yellowing, peeling, cracking, etc. This, in turn, drives the production of UV absorbers, which can provide protection from degradation caused by exposure to UV rays.
Technological Advancements in UV Absorbers to Offer Attractive Opportunities
Producers operating in the global UV absorbers market can develop new products by increasing molecular weight of and adding functionality to UV absorbers. This can help in enhancing the extinction coefficient and photo-permanence of UV absorbers. Additionally, manufacturers can introduce advanced technologies that can help in the development of water-borne systems, without the need for solvents or pre-emulsification
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Dependency on Thickness of Coatings to Hamper Global Market
Since UV absorbers require the minimum thickness of 100 microns in order to achieve sufficient UV absorption, they are not recommended for thin films (films with thickness below 100 microns). Thus, they cannot prevent the formation of surface defects caused by photo-degradation of the coating in exterior conditions. UV absorbers are extensively used in combination with hindered amine light stabilizers in order to enhance the effectiveness of UV absorbers in exterior conditions. Dependency on the thickness of coatings is likely to act as a major restraining factor for the global UV absorbers market during the forecast period.
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Key Companies in Global Market
Prominent players operating in the global UV absorbers market are BASF SE, SONGWON Industrial Group, ADEKA Corporation, and Clariant AG. SONGWON Industrial Group is a leading manufacturer of antioxidants, stabilizers, and polyurethanes. It has a sales network in 57 countries across the globe and logistics hubs and warehouses in 40 countries worldwide. On December 4, 2018, SONGWON Industrial Group announced to have expanded its in-house production capacity for a triazine type of UV absorber i.e. SONGSORB CS 400 and other products by 1,000 metric tons
Global UV Absorbers Market: Research Scope
UV Absorbers Market, by Material
- Benzophenone
- Benzotriazole
- Triazine
- Others (including Oxalanilide and Cyanoarcylate)
UV Absorbers Market, by Application
- Paints & Coatings
- Automotive Coatings
- Industrial & Protective Coatings
- Architectural & Construction Coatings
- Wood Coatings
- Adhesives & Sealants
- Plastics
- Personal Care
- Others (including Rubber and Textile)
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