The global ultraviolet (UV) stabilizers market is valued at US$ 1.4 billion in 2023 and is projected to reach US$ 2.4 billion by the end of 2033, growing at a compound annual growth rate (CAGR) of 5.3% over the next decade.
Ultraviolet radiation, or UV rays, are harmful forms of light that can lead to photooxidative degradation. Prolonged exposure to UV radiation has well-documented negative effects on human health, including an increased risk of skin cancer. UV stabilizers are used to reduce or neutralize the damaging effects of UV rays, which come not only from the sun but also from artificial sources like fluorescent lighting.
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