Analytics, Research & Consulting UV Stabilizers Market | Page 2
North America held major share and growth in the UV
Stabilizers Market during 2018-2023
Increasing infrastructural development and the growing use of
automobile, particularly in the developing countries of Asia-Pacific
continues to raise applications including construction, automotive and
furniture. Asia-Pacific market segment in application is expected to lead
in the market, with a growing CAGR of 5.78% to reach revenue of $677.91
million in 2023. Whereas, in various applications, among which
automotive and floor coatings have accounted for the largest share of 52%
and is estimated to maintain its dominance. Europe market for application
segment is the leading region to grow at a CAGR of 4.74% and to reach
revenue of $494.48 million by 2023. Automotive holds the largest share in
Europe market, and is largely growing in Germany, U.K. and Italy. North
America market is expected to grow at a CAGRof 5.11% during the forecast
period of2018-2023.
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