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.
Albany, NY -- (SBWIRE) -- 10/15/2015 -- UV light stabilizers prevent degradation of lignin when exposed to UV rays and impart UV resistance properties to the wood coatings. The North America UV light stabilizers market for wood coatings is mainly driven by increasing demand for wood coating for UV protection. Moreover, UV protective wood coatings are gaining in popularity due to their eco-friendly characteristics such as low VOC emission, high solid content, etc. In addition, increasing usage of wood for decking applications has triggered demand for UV protective wood coatings, which in turn has reflected in the rising demand for UV light stabilizers.
This market research report by Transparency Market Research analyzes and estimates the demand for UV light stabilizers for wood coatings in North America for the six year period from 2012 to 2018, in terms of revenue and volume. It provides information on latest trends, restraining and driving factors influencing the market, along with the opportunities available in the near future for the UV light stabilizer market. The report segments the market based on application and region and offers estimates and forecast for each segment.
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Key applications of UV light stabilizers analyzed and estimated in this study include decking and flooring, furniture and interior and others. Decking and flooring dominates volume consumption of UV light stabilizers, which accounted for the largest market share in 2011. The UV light stabilizer market is analyzed based on regional outlook, providing the forecast for key economies including the U.S., Canada and Mexico.
The market research study includes a detailed description of value chain analysis in order to provide a broad view of various components present across the UV light stabilizer value chain. Porter's five forces analysis has been included for enhanced understanding of the market. In addition the report includes comparison of the key brands in the market along with their key ingredients. The report covers company profiles of key participants operating in the UV light stabilizer market including BASF SE, AkzoNobel, Akcros Chemicals, BYK, Clariant Ltd., Chemtura Corp., Cytec, Everlight Chemical, Mayzo and Lycus. The company profiles include attributes such as company overview, financial overview, business strategy, SWOT analysis and recent developments.
For research, we conducted in-depth interviews and discussions with numerous key industry participants and opinion leaders. Primary research represents the bulk research effort coupled with extensive secondary research. We reviewed key players' annual reports, product portfolio, press releases and relevant documents for competitive analysis and better understanding of the market. Secondary research includes in-depth research on current trends, technical writing, recent trades, internet sources, trade associations, statistical data from government websites and associated authorized agency websites. This has proved to be the most successful, effective and reliable approach for obtaining concise data, capturing industry participants' insights and recognizing opportunities and growth.
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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. Additionally, the market has been analyzed based on expected demand and the market data for each segment is based on demand volumes and corresponding revenues. The prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors and direct selling regional producers. Furthermore, the market data is based on current information. However, presence of a large number of domestic manufacturers in China and India may cause variation in forecast by a small margin. The forecasts have been based on expected demand from application segments. The report also presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the UV light stabilizer market as below:
UV light stabilizer market –Application analysis
Decking and Flooring
Furniture and interior
UV light stabilizer market - Regional Analysis
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