According to Future Market Insights (FMI), the UV stabilised films market will generate US$34.38 billion in revenue by 2023. By 2033, the market might achieve a valuation of US$ 56.54 billion as well. Given the increased demand for these films across numerous end-use sectors, including as construction, packaging, food, automotive, and agricultural, market participants can anticipate a CAGR of 5.1% over the forecast period.
Since these films offer great UV protection, which is crucial for maintaining the quality and durability of the products they are utilised in, the market is growing quickly. The rising need for eco-friendly and sustainable packaging choices has also contributed to the rise in demand for UV stabilised films. Excellent resistance to external elements like heat and moisture is provided 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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