Albany, NY -- (SBWire) -- 02/16/2016 --Wood protection coatings consist of additives such as UV light stabilizers, heat stabilizers, etc to maintain the properties of the wood surface and prevent it from external environment. UV light stabilizers prevent degradation of lignin when exposed to UV rays and impart UV resistance properties to the wood coatings. These stabilizers can be segmented into two groups: Hindered Amine Light Stabilizers (HALS) and UV Absorbers (UVA). Benzophenones and benzotriazoles are among the two most widely used UV light absorbers and they act by absorption of UV light and provide effective resistance for short term exposures.
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The UV light stabilizer market is expected to be influenced by economic slowdown and environmental legislations. Moreover, use of UV resistant wood coating helps extend life span of wood products and thus lowers the expenditure on renovation and repairs. Wood coatings with UV light stabilizers are growing in popularity due to their high solid content and effective UV resistance.
The UV light stabilizer market in North America was valued at USD 42.4 million in 2011 which is expected to reach USD 61.5 million by 2018, growing at a CAGR of 5.4% from 2012 to 2018. Decking, flooring, furniture and interior are the major application areas of UV light stabilizers. Decking and flooring are the most attractive application markets of UV light stabilizers for wood coatings. The relatively frequent maintenance requirements of wood decking and flooring is expected to keep mobilizing demand for UV light resistant wood coatings.
The UV light stabilizer market of North America is segmented based on geography. The U.S. represents the largest and most important market for the UV light stabilizer additives industry. Mexico is the underdeveloped market for UV light stabilizers; however with the growth in the economy it is expected to exhibit fastest growth in the UV light stabilizer market in North America. Increase in demand for high value, high performance and eco-friendly wood coatings is driving the demand for UV light stabilizers in North America.
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BASF SE, AkzoNobel NV, Akcros Chemicals, BYK, Clariant Ltd., Chemtura Corp., and Everlight Chemical are some of the major manufacturers of UV light stabilizers.
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North America UV Light Stabilizer Market with Future Opportunities Assessment
The market estimates for this study have been based on volumes, with revenues being derived through regional pricing trends. The price for each of the materials mentioned in the report has been considered, and customized product pricing has not been included.