By 2023, the UV stabilised films market will produce US$34.38 billion in revenue, predicts Future Market Insights (FMI). The market might reach a valuation of US$ 56.54 billion by 2033 as well. Market participants may anticipate a CAGR of 5.1% throughout the forecast period due to the rising demand for these films across several end-use industries, including construction, packaging, food, automotive, and agricultural.
The market is expanding swiftly because these films provide excellent UV protection, which is essential for maintaining the quality and durability of the items they are used in. The growing need for environmentally friendly and sustainable packaging options has also increased demand for UV-stabilized films. Excellent protection against environmental factors like heat and moisture is offered by these coatings. This makes these films perfect for use in food and pharmaceutical product packaging.
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Another element driving the market’s rise is technology, which has led to the creation of new UV-stabilized film materials with improved functionality and durability. As producers engage heavily in research and development to create films that can survive even the worst climatic conditions, the range of uses for these products is expanding.
For instance, producers are creating novel UV stabilised transparent melinex film items that are more durable and perform better, broadening the uses for these goods. As a result, a highly active and quickly growing subset of the wider UV stabilised films business has emerged: the UV stabilised clear melinex film market.
Race of Dominance: Competitive Landscape Analysis of UV Stabilized Films Market
UV stabilized film manufacturers are focusing on development activities such as mergers and acquisitions in order to boost their market revenue potential. Research & development of new and advanced products is also being invested on as the scope of application in various end-use industries increases.
Top Market Players and their Recent Developments in UV Stabilized Films Market
Evonik Industries AG, a German manufacturer of specialized chemicals, is one of the leading specialty chemicals firms in the world and the second-leading chemicals company in Germany. It was established on September 12, 2007, as a result of the reorganization of the mining and technology conglomerate RAG, and is commonly owned by the RAG Foundation.
- In November 2022, a new deaerator was introduced to the repertoire of Evonik’s Coating Additives business line. The brand-new deaerator, TEGO® Airex 923, is a 100% active organic polymer that is extremely compatible and exhibits enhanced efficiency. It was specifically created for radiation-cured wood coatings.
- In January 2022, Evonik announced the launch of its new isononanol-based plasticizer, which has low temperature flexibility and UV resistance. The new plasticizer named ELATUR DINCD is suited for both, exterior and interior applications
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Other Key Players Operating in the UV Stabilized Films Market
- Mitsubishi Polyester Film Inc.
- Toray Plastics (America). Inc.
- DuPont Teijin Films U.S. Limited
- Polyplex Corporation Ltd.
- Teraphane LLC
- Toyobo Co. Ltd.
- Ester Industries Ltd.
- RKW SE
Key Segments of UV Stabilized Films Market Segmentation
UV Stabilized Films Market by Product Type:
- Optical Films
- Retardation Films
- TAC Films
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- Adhesive Films
- Diffuser Films
- Anti-reflection Films
- Dicing Films
- Pressure-sensitive Films
- Conductive Films
- Anisotropic
- Transparent
- Others
UV Stabilized Films Market by Material:
- Plastic UV Stabilized Films
- PET
- PVC
- PE
- Others (PC, PP)
- Metal UV Stabilized Films
- Aluminium
- Steel
UV Stabilized Films Market by Thickness:
- Up to 20 Micron UV Stabilized Films
- 20 to 40 Micron UV Stabilized Films
- 40 to 50 Micron UV Stabilized Films
- 50 Micron & Above UV Stabilized Films
UV Stabilized Films Market by Technology:
- Adhesion Lamination
- Co-extrusion Coating/Lamination
UV Stabilized Films Market by Application:
- UV Stabilized Films for Printing
- UV Stabilized Films for Lamination
- UV Stabilized Films for Industrial Use
- UV Stabilized Films for Packaging
UV Stabilized Films Market by End-use Industry:
- Non-Packaging UV Stabilized Films
- Packaging UV Stabilized Films
- UV Stabilized Films for Chemicals
- UV Stabilized Films for Pharmaceuticals
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