The global UV light stabilizers market is expected to reach USD 331.4million by 2022, according to a new report by Grand View Research, Inc. Growing demand from the wood coatings industry for ultraviolet radiation protection is expected to remain a key driving factor for global UV light stabilizers market over the forecast period. These stabilizers prevent discoloration, product decomposition and diminish lignin degradation of wood. Low VOC emission level is another key factor that is presumed to positively impact the global market. Complexities in the manufacturing process coupled with high product cost are expected to challenge market profitability.
Decking & flooring was the leading application segment and accounted for over 25% of total market volume in 2014. Increasing construction spending in Asia Pacific and Middle East coupled with recovery of construction industry in the U.S. is expected to drive this segment over the forecast period. It is also expected to witness the highest growth of 6.3% from 2015 to 2022.
Full Research Report On Global UV Light Stabilizers Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/uv-light-stabilizers-market
Further key findings from the study suggest:
Browse More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the UV light stabilizers market on the basis of application and region:
UV Light Stabilizers Application Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
UV Light Stabilizers Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
Access Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/uv-light-stabilizers-market-analysis
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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