UV Stabilized Films Market

UV Stabilized Films Market Outlook

Future Market Insights (FMI) in its newly released data estimates US$ 34.38 billion in revenue in 2023 for the UV stabilized films market. The market also holds the potential to surpass a valuation of US$ 56.54 billion by 2033. Market players could expect a CAGR of 5.1% during the forecast period given the rising demand for these films across different end-use industries including construction, packaging, food, automotive, and agriculture.

The market is expanding rapidly since these films provide superior protection against UV radiation, which is essential in preserving the quality and durability of the products they are used in. Moreover, the demand for UV stabilized films has increased as a result of the growing popularity of eco-friendly and sustainable packaging options. These films offer excellent resistance to environmental elements like heat and moisture. This makes these films ideal for use in the packaging of food and pharmaceutical products.

Technological advancements are another factor fueling the market expansion, as they have developed new UV stabilized film materials with enhanced functionality and durability. The range of applications for these products is expanding as manufacturers are making significant investments in research and development to produce films that can withstand even extreme environmental conditions. For instance, manufacturers are developing new and innovative UV stabilized clear melinex film products that offer improved performance and durability, expanding the range of applications for these products. As a result, the UV stabilized clear melinex film market has emerged as a highly dynamic and speedily rising segment of the larger UV stabilized films market.

The market is also witnessing different trends that are influencing its growth trajectory in addition to these drivers. For instance, multi-layered UV stabilized films that provide improved strength, flexibility, and barrier properties are becoming extremely popular. This trend is particularly evident in the packaging sector, where there is an increase in demand for high-quality, tamper-evident, and leak-proof packaging solutions.

The demand for bio-based and renewable materials is growing. This has prompted the development of new UV stabilized film solutions manufactured from sustainable resources including plant-based materials. For instance, UV stabilized PET films are recyclable which makes them an attractive alternative to traditional petroleum-based plastics. In addition to being ecologically friendly, these films also provide greater performance and durability. This makes them highly appealing to the end-users. As a result, the UV stabilized PET films market has developed as a key area of the overall UV stabilized film industry.

How The Market Progressed Till 2022?

Future Market Insights predict a comparison and review analysis for the dynamics of the UV stabilized films market, which is principally subjected to an array of industry considerations, as well as a few specific effects regarding environmental concerns.

The market has seen certain recent advancements, such as the development of a bright white uncoloured metallized film that does not contain titanium dioxide and is used in applications such as solar reflectors and agriculture.

The market for UV stabilized films is expected to surge by 20 basis share points (BPS) in H1-2022 (O) against comparison with H1-2021, according to an FMI analysis. However, when comparing the H1-2022 projected and H1-2022 outlook period, a rise in BPS change by 10 BPS has been noticed. The UV stabilized films market is rising due to as it increases the yield of field-grown plants and vegetables.

Despite the promising prospects, farmers' knowledge of crop screening and protection has played an important role in driving market demand for UV-stabilized films.

Demand Analysis of UV Stabilized Films (2018 to 2022) Vs Market Predictions (2023 to 2033)

The UV stabilized films market is forecast to expand at a CAGR of 5.1% during 2023 to 2033 in comparison to a 4.1% CAGR registered from 2018 to 2022.

The world population has increased exponentially over the past few years and so has the demand for food items, which has subsequently driven demand for UV stabilized films. UV stabilization plays a crucial role in agriculture as it protects food and agricultural produce from harmful radiation that could destroy nutrition or affect it in an adverse manner.

Environmental concerns associated with the use and manufacture of UV stabilized films are expected to act as a restraining factor since governments are imposing stringent regulations to safeguard the environment amidst rising climate concerns.

Rising investments in the agricultural industry, increase in the use of UV stabilized films in greenhouses, rise in consumption of packaged foods, changing packaging trends and technologies, growing awareness about the ill-effects of UV radiation, expansion of businesses in emerging economies, etc., are few key factors that are drive consumption of UV stabilized films on a global level. As a result, the market size was recorded at US$ 32.72 billion in 2022. Throughout the forecast period, there are several opportunities for the market to develop significantly.

• Short Term (2023 to 2026): A sizable potential opportunity exists as a result of the increasing demand for UV stabilized films in the packaging industry. In order to protect products from UV ray damage and lengthen their shelf life, these films are often utilized in the food and beverage sector. The market is likely to grow considerably with the growth of e-commerce and home delivery services, propelling market expansion
• Medium Term (2026 to 2029): The UV-stabilized greenhouse poly films market is anticipated to witness considerable growth opportunities as greenhouse farming becomes more widely used. On the other hand, the popularity of urban farming and vertical farming is also rising. To control the temperature and protect crops from UV rays, these films are widely deployed in greenhouse farming. The demand for UV stabilized films is likely to rise significantly owing to the increasing adoption of greenhouse farming practices.
• Long Term (2029 to 2033): In the long run, the market expansion is anticipated to benefit from the rising demand for renewable energy sources. Solar panels position these coatings to protect themselves from UV radiation and improve their efficacy. The market is likely to increase dramatically owing to their increased emphasis on renewable energy sources and the increasing adoption of solar power. Additionally, the rising adoption of UV-resistant film in the construction industry is expected to fuel the UV-resistant film market expansion.
• These factors are anticipated to support a 1.6X increase in the UV stabilized films market between 2023 and 2033. The market is projected to be worth US$ 56.54 billion by the end of 2033, according to FMI analysts.

Ismail Sutaria

Principal Consultant

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Which Regions Should UV Stabilized Film Manufacturers Focus on?

This research details the global UV stabilized films industry across regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).

At present, the Europe UV stabilized films market holds a significant position in the global landscape. Demand for UV stabilized films in the region is commonly catered to by the presence of well-established UV stabilized film manufacturers. Increasing demand for packaged foods and changing packaging trends in this region are expected to influence the sales of UV stabilized films over the forecast period.

The East Asia UV stabilized films market is anticipated to overtake Europe by the end of the forecast period and emerge as a highly lucrative market on the global landscape. Rapid increase in urbanization and industrialization are expected to primarily propel demand for UV stabilized films in the region.

Shipments of UV stabilized films in South Asia are predicted to see a rise on similar factors that influence the market in the East Asian region. UV stabilized film suppliers are expected to target the East Asian and South Asian regions over the forecast period to grow their market share and boost their UV stabilized film sales.

Discovering the Global Landscape of UV Stabilized Films Market: Country-wise Analysis Discloses Key Insights

Rising Popularity of Environmentally Friendly UV Stabilized Films to Drive Market Growth in the United States

The United States UV stabilized films market is expanding significantly as a result of the rising demand from various end-use sectors. Owing to their excellent durability and resistance to UV radiation, these films are frequently utilized as protective covers, barriers, and insulation materials. In order to produce cutting-edge and innovative products that can satisfy the changing market demands, several prominent market players in the country are actively investing in research and development.

The economy of the United States heavily depends on the construction sector. More than 7.8 million people work for more than 753,000 firms in this sector, which also produces approximately US$1.8 trillion worth of buildings annually. The construction industry is one of the leading consumers of mining, manufacturing, and other services is construction. The growing utilization of UV stabilized films in the construction industry to increase building performance and durability is anticipated to fuel market expansion.

The demand for environmentally friendly and sustainable packaging materials is growing which is also fueling the market expansion in the United States. To protect products from environmental hazards including UV rays, moisture, and oxygen, these films are often used in the packaging of cosmetics, pharmaceutical products, and food and beverages.

Surging Demand for UV Stabilized Films in the Automotive Industry to Offer Lucrative Opportunities in Canada

With rising demand for premium films that provide exceptional protection against the damaging effects of UV radiation, the Canada UV stabilized films market is experiencing steady growth. The increased awareness among consumers and businesses about the harmful effects of UV radiation on different surfaces, including vehicles, is the key factor driving the market growth in Canada.

With a contribution of 23% of manufacturing trade and 10% of manufacturing GDP, the automotive industry is one of Canada's key industrial sectors. In addition to tires, machinery, tools, dies, and molds, Canada also manufactures vehicles, trucks, buses, and auto components and systems. As a result, there is an increase in demand for UV stabilized films that provide durable defense against the harmful effects of UV radiation.

UV Stabilized Films Experience High Demand in the United Kingdom Construction Industry for Energy-efficient Buildings

UV stabilized film sales in the United Kingdom are on a continuous upward trend. The United Kingdom UV stabilized films market is significantly influenced by the agricultural sector. In the country, agriculture accounts for a sizable portion of the economy. For the United Kingdom, agriculture and farming are crucial since they are a prominent source of supply for the nation's food requirements. Over 71% of the United Kingdom's entire territory was utilized for agriculture as of 2020. Crop yields have increased and crop damage has decreased after the application of these films in this sector.

These films are also utilized by the construction sector to protect building materials against UV degradation both during and after construction. The United Kingdom construction sector is expected to grow by 3.4% in real terms, driven by a high increase in new construction orders and progress on both new construction and repair and maintenance projects. The Office for National Statistics (ONS) reports that the total value of construction output (measured in seasonally adjusted terms) increased by 3.9% year over year (YoY) in April 2022, making it the 14th consecutive month to experience Y-o-Y growth since March 2021.

Advanced UV Stabilized Films are Transforming the Food Packaging Industry in Germany

One of the primary end-user of UV stabilized films in Germany is the automotive sector. Germany's core business is the automotive sector, and the German automotive industry is a world leader. Also, when it comes to high-tech automotive products, including autonomous driving technology, Germany is among the top nations in the world. While manufacturers work to keep "Made in Germany" automobiles competitive, German automakers continue to invest heavily in research and development. Vehicle windows, windscreens, and sunroofs are among the products manufactured using films. The growing demand for luxury vehicles is expected to further fuel the Germany UV stabilized films market.

Another prominent end-user of UV stabilized films in Germany is the packaging sector. The food sector makes substantial use of the packaging industry in Germany. Demand for these films in the food business is rising as consumers strive for products that are convenient, safe, and easy to carry. This is certainly relevant for dairy, meat, and ready-to-eat meals. Therefore, the demand for UV stabilized films is likely to rise in the country concerning the rising popularity of packaged food and beverages.

Government Regulations and Initiatives for Sustainable Packaging Usage to Drive Demand for UV Stabilized Films in Japan

The primary end-user of the UV stabilized films in Japan, accounting for a sizeable portion of the market, is the packaging sector. Every product that is well-packaged sells better, and Japanese packaging carefully balances form and function. Therefore, the country witnesses the demand for high-quality packaging materials that provide protection from UV rays and other environmental variables.

Given increasing ecological concerns, governments everywhere, including the government of Japan, are implementing trash reduction measures. The Japan UV stabilized films market is also anticipated to benefit significantly from the government’s initiatives to support sustainable development. The government is promoting eco-friendly and sustainable products. This is likely to increase demand for UV stabilized films that are sustainable and durable.

China to Emerge as Crucially Important Market for UV Stabilized Film Suppliers

China is a key manufacturing hub, and this makes it an extremely important market for UV stabilized film suppliers. Low manufacturing costs and high availability of raw materials attract UV stabilized film manufacturers. Also, with the Chinese government offering subsidies to investors, it becomes a perfect hub for any key player to establish their business.

Presence of key UV stabilized film suppliers and manufacturers benefits the China market. Increasing urbanization in the nation is also expected to influence UV stabilized film demand over the coming years.

Indian Agricultural Sector to Offer Lucrative Opportunities for UV Stabilized Film Vendors

India is a nation known for its massive population and huge agricultural sector. Both these factors have essentially established India as a highly-rewarding market for UV stabilized film manufacturers. Rising urbanization and industrialization are reducing the arable land area for agriculture, and this is pushing the establishment of greenhouses and other agriculture technology.

In order to save plants from harmful UV radiation, UV stabilized films are deployed, and this is expected to increase as agriculture technology advances in India. UV stabilized film companies can focus on the Indian market and boost their market presence on a global level while cashing in on the opportunities that India’s agricultural landscape has to offer.

UV Stabilized Films Market: Unveiling Market Dynamics through Segment-wise Analysis

Adhesive Films Account for Key Market Share

Adhesive films are expected to have an excellent outlook over the forecast period as they offer good UV resistance and act as an effective heat barrier with good adhesion. The exceptional bonding power of adhesive films allows them to cling to different surfaces. Therefore, they are perfect for usage in a range of industries, including the automotive, electronics, and packaging sectors. UV rays can cause materials to deteriorate and discolor over time, but adhesive films are designed to withstand them. In outdoor settings, where exposure to sunlight is frequent, this is very crucial.

Owing to their self-adhesive properties, adhesive films are easy to use. As a result, there is no longer a need for additional adhesives or fasteners, which can speed up and reduce the cost of installation. Adhesive films are quite adaptable since they come in different colors, finishes, and thicknesses. They can be utilized for aesthetic purposes or to offer practical advantages like anti-glare qualities. On the back of these factors, the adhesive films segment dominates the market.

Plastic Material Leads the Way in the Market

Compared to metal, plastic is an inexpensive material. As a result, it is a desirable alternative for UV utilized films that have different uses. UV resistance in plastic materials can be easily made and is necessary for uses like greenhouse films, crop covers, and packaging materials. Crops can be shielded from damaging UV radiation, crop yields can be increased and the shelf life of the packaged goods can be prolonged as well with the use of UV utilized films.

Plastic is ideally suited for outdoor applications since they are lightweight, flexible, and strong. UV stabilized plastic films can prolong their useful life since they are resistant to being harmed by weather, chemicals, and other environmental factors. As a result, plastic holds the key market share and is likely to maintain its position during the forecast period.

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

SABIC is a publicly traded company with its headquarters in Riyadh, Saudi Arabia, and is one of the top producers of petrochemicals in the world. Petrochemicals, chemicals, industrial polymers, fertilizers, and metals are among their active applications. It is Saudi Arabia's and the Middle East's second-leading public enterprise.

• In December 2022, a Joint Development and Cooperation Agreement was signed by SABIC, Synova, and Technip Energies to work together on the design and construction of a commercial facility that would use waste plastic to manufacture olefins and aromatics. The facility interfaces with one of SABIC's steam crackers and make use of combined technologies created by Synova and T.EN. As a result, the facility now supports SABIC's goal of completely recycling wasted plastic.

• In September 2021, Sabic, a Saudi Arabian chemical manufacturing firm, announced the launch of its new line of automotive grade resins. Xenoy T2NX2500UV resin is a UV stabilized blend of polycarbonate and PET, and the other two resins are Xenoy T2NX5230 and Sabic T2E-3320EH.

UFlex has established the boundaries of the "Packaging Industry" during the past three decades, earning an unblemished reputation in India and beyond. With enormous manufacturing facilities for packaging films and other packaging materials, UFlex has developed steadily while offering end-to-end solutions to customers in 150 different countries. It is currently India's leading flexible packaging materials and solutions company and a prominent worldwide polymer sciences organization, and it has a commanding market position.

• In December 2022, Flexgreen Sprayable Top Coat Gloss Coating was presented by Uflex Ltd. It is based on radical chemistry, and UV LED lights with a wavelength range of 385–395 nm cause the coating to quickly cure. This very flexible coating, which has several uses in the construction sector, has outstanding high-speed machine curing capacity.
• In December 2022, a brand-new and cutting-edge brand protection packaging product was introduced by Uflex Ltd. It consists of personalized emboss film made for laminates, paper board, and UV offset printing on mono cartons.

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
• Sigma Stretch Film Corp.
• Coveme Spa
• Kolon Industries Inc.
• Elif Plastik Amb.San.Tic.A.?
• Group Michiels Advanced Materials
• Walco Corporation
• Vampire Optical Coatings Inc.
• Custom Extrusion Technologies Inc.
• Arid Agritec Ltd.
• FVG Folien-Vertriebs GmbH
• Kangde Xin Composite Material Group Co. Ltd.

Key Segments of UV Stabilized Films Market Segmentation

UV Stabilized Films Market by Product Type:

• Optical Films
  • Retardation Films
  • TAC Films
• 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
  • Fiber Reinforced Panels
  • Greenhouse Films
  • Electrical Insulation
• UV Stabilized Films for Packaging
  • Outdoor Labels
  • Wrapping Films

UV Stabilized Films Market by End-use Industry:

• Non-Packaging UV Stabilized Films
  • UV Stabilized Films for Building & Construction
  • UV Stabilized Films for Agriculture
  • UV Stabilized Films for Automotive
  • UV Stabilized Films for Printing
  • UV Stabilized Films for Electrical &Electronics
• Packaging UV Stabilized Films
  • UV Stabilized Films for Food
    • Meat, Poultry & Seafood
    • Oils
    • Dry Fruits
    • Dairy Products
    • Other UV-sensitive Products
• UV Stabilized Films for Chemicals
• UV Stabilized Films for Pharmaceuticals

UV Stabilized Films Market by Region:

• North America UV Stabilized Films Market
• Latin America UV Stabilized Films Market
• Europe UV Stabilized Films Market
• East Asia UV Stabilized Films Market
• South Asia & Pacific UV Stabilized Films Market
• Middle East & Africa (MEA) UV Stabilized Films Market