UV Stabilizers Market to Reach $1.90 Billion by 2031 - Exclusive Report by Meticulous Research® [Yahoo! Finance]
Cabot Corporation (CBT)
Last cabot corporation earnings: 2/3 04:16 pm
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Source: Yahoo! Finance
Analysis by Type (HALS, UV Absorbers, Quenchers), Application (Coatings, Artificial Grass, Printing & Packaging, Solar Panels), End User (Automotive, Packaging)—Global Forecast to 2031 The UV stabilizers market is expected to reach $1.90 billion by 2031, at a CAGR of 6.1% from 2024 to 2031. UV stabilizers are chemical additives that absorb UV light and convert it into heat, preventing the UV light from causing damage to polymers. UV stabilizers work by absorbing, blocking, or neutralizing UV rays to prevent product degradation, including discoloration, brittleness, and loss of mechanical properties. They are used in various applications, including automotive parts to prevent the fading and cracking of paints and plastics; agricultural films to help protect greenhouse coverings and irrigation systems; and packaging materials, including plastic bags and bottles, to ensure durability and maintain product integrity. The growing demand for UV stabilizers among automotive and agricult
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