Market status of light stabilizers
Market size and growth trend:
Global market size: In 2020, the global light stabilizer market size is about 1.195 billion US dollars, and it is expected to reach 1.649 billion US dollars by 2026, with a compound annual growth rate of 5.6%. By 2023, the global light stabilizer market size has reached 2.46 billion US dollars, with a compound annual growth rate of 7.8%.
Chinese market: China is one of the world's largest light stabilizer producers, accounting for nearly half of the global market share. In 2023, the scale of China's light stabilizer market is expected to reach 1.2 billion US dollars, a year-on-year increase of 9.2%.
Major consumer markets:
Regional distribution: At present, the main consumer markets for global light stabilizers are Asia Pacific and North America. In 2020, the sales proportion in the Asia-Pacific region was 33.52%, North America was 31.54%, Europe was 26.62%, South America accounted for 4.22%, and the Middle East and Africa accounted for 4.1%.
China Market: China leads the world in both the production and consumption of light stabilizers. In 2020, China accounted for 55.9% of the total light stabilizer market in the Asia-Pacific region, with a market size of US$224 million.
Main Product Types:
Light stabilizers are mainly divided into hindered amine light stabilizers, UV absorbers and quenchers. Among them, hindered amine light stabilizers account for the largest market share, about 70.5%, UV absorbers account for 20.05%, and quenchers account for 9.45%.