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Ultraviolet (UV) absorbers are materials used to limit the harmful effects of ultraviolet rays in polymers. These absorbers help enhance the durability, performance, and stability of materials such as wood, plastic, and polymers, by absorbing UV rays. These absorbers find application in the construction, automotive, adhesives, sealants, and agriculture purposes for UV protection.

Rapid growth of various end-use industries such as construction and automotive coupled with growing awareness about the benefits of UV absorbers is projected to propel growth of the market globally. However, stringent government policies and rising price of UV absorbers pose as major restrains for the market growth.

UV Absorbers Market Taxonomy

On the basis of chemistry, the UV absorbers market can be segmented into:

  • Benzotriazole
  • Triazine
  • Benzophenone
  • Others

On the basis of application, the UV absorbers market can be segmented into:

  • Coatings
  • Plastics
  • Personal Care
  • Adhesives
  • Others

On the basis of end-use industry, the UV absorbers market can be segmented into:

  • Automobile
  • Construction
  • Cosmetics
  • Agriculture
  • Others

Among chemistry, benzotriazole segment is the dominant segment, as this is widely used, owing to the multiple uses of benzotriazole in personal care, plastics, adhesives, and coatings industries.

The UV absorbers market in Asia Pacific is expected to witness substantial growth over the forecast period. Owing to the growing industrialization, and growing construction and automotive sectors in this region Furthermore, economic growth in Japan, China, and India has increased the demand for the automobiles, thereby boosting the market for UV absorbers. According to CAAM (China Association of automobile manufacturers), China witnessed a sale of 2,167,000 cars in July 2017.

North America UV absorbers market is expected to witness a surge in demand, owing to the rising awareness on harmful effects of UV radiations on living beings. According to American Academy of Dermatology, it is estimated that 9,730 persons die from melanoma cancer in 2017. This has augmented the use of cosmetic products, thereby adding to the growth of UV absorbers market.

New investments in Qatar for the FIFA World Cup 2022, the demand for UV absorbers is rising substantially. This growth in demand is mainly driven by the construction of hotels, stadiums, malls, and public infrastructure. Latin America and Africa are expected to witness sluggish growth over the forecast period.

Some of the major players operating in the UV absorber market are BASF SE, Huntsman Corporation, Clariant AG, Solvay S.A., Everlight Chemical Industrial Co., Songwon, Adeka Corporation, Milliken Chemical, Addivant, SABO S.p.A., Lambson Limited, Lycus Ltd., and Mayzo, Inc.

UV Absorbers Market: Key Developments

  • In June 2019, Shenzhen Xingshengdi New Materials Co., Ltd. used the plastic addictive for producing 5G base stations for major international telecommunications companies. The plastic additives of BASF shields the base stations from UV light. The company has been successful in developing UV absorbers, which were capable of stabilizing plastics against the UV radiations.
  • In Dec 2018, SONGWON Industrial Co., Ltd. entered into a partnership with Disheng Technology Co., Ltd. for the production of some of its comprehensive range of UVA light stabilizers.
  • In June 2018, Clariant AG entered into partnership with Beijing Tiangang Auxiliary Co. Ltd. For starting a facility of production of plastics and textile stabilizers. This joint venture is focused on combining the technology and production knowledge of both companies for providing process and light stabilizers.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users