UV Light Stabilizers Market for Wood Coatings is Expected to Reach USD 61.5 Million in North America By 2018: Transparency

 UV Light Stabilizers Market for Wood Coatings is Expected to Reach USD 61.5
        Million in North America By 2018: Transparency Market Research

  PR Newswire

  ALBANY, New York, April 16, 2013

ALBANY, New York, April 16, 2013 /PRNewswire/ --

Transparency Market Research ( http://www.transparencymarketresearch.com ) has
released a new market report titled " UV Light Stabilizer Market - North
America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 -
2018 ," which observes that the UV light stabilizer demand in North America in
2012 was worth USD 44.9 million and is estimated to reach USD 61.5 million by
the end of 2018, growing at a CAGR of 5.4% from 2012 to 2018. The U.S.
dominated the North America UV light stabilizer market, accounting for close
to 85% of the total demand in 2011.

Browse the full report at
http://www.transparencymarketresearch.com/uv-light-stabilizer.html

UV light stabilizers are the additives, generally used to impart UV resistance
properties to wood preservation coatings. Hindered Amine Light Stabilizer
(HALS) and UV Absorber (UVA) are the two predominantly used UV light
stabilizer additives for wood coatings. Wood usually consists of lignin, which
undergoes discoloration and decomposition on constant exposure to ultra violet
radiation. Hence wood products are protected by using UV light stabilizers in
wood coatings.

The growth of the UV light stabilizer market in the U.S. is mainly driven by
growing demand for UV resistant wood coatings from housing and commercial
construction and the furniture industry. The U.S. was the leading UV light
stabilizer market in North America in terms of both production and
consumption, followed by Mexico with 9.2% share in total volume consumption in
2011. Mexico is also expected to be the fastest growing market for UV light
stabilizers in the region and it is estimated to grow at a CAGR of 6.6% from
2012 to 2018. Presently, Mexico is relatively an underdeveloped market for
wood coatings.

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However, housing and construction industry is expected to exhibit rapid growth
in the near future as a consequence of economic development in the country.
This in turn is expected to drive the demand for UV resistant wood coating and
thus for UV light stabilizers. The increasing penetration of nanotechnology in
the coatings industry, especially for TiO [2] and ZnO [2] based nano-UV light
stabilizers are expected to present significant opportunities in the market
over the next five years.

Decking and flooring application dominated stabilizer consumption accounting
for 24.4% of the total demand in 2011. Another important application market
for UV light stabilizers was furniture and interiors, which accounted for
23.3% share of total UV light stabilizer volume consumed in 2011. Recovery in
housing and growth in residential spending were identified as the major
driving factors for the growth of furniture and interior industry which in
turn is expected to drive the demand for UV light stabilizers.

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BASF SE, AkzoNobel NV, BYK, Clariant, and Chemtura Corp. are some of the
leading industry participants in the industry.

UV light stabilizer market by application

  *Decking and flooring
  *Furniture and interior
  *Others

UV light stabilizer market by geography

  *U.S.
  *Canada
  *Mexico

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