Global UV Absorber
Market Report
2024
UV Absorber market was valued at USD 1.36 billion in 2022 and will reach USD 2.08 billion by 2030, registering a CAGR of 5.5 % for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global UV Absorber market was valued at USD 1.36 billion in 2022 and will reach USD 2.08 billion by 2030, registering a CAGR of 5.5 % for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global UV Absorber Market Sales Revenue 2022 | $ 1.36 Billion |
Global UV Absorber Market Sales Revenue 2030 | $ 2.08 Billion |
Global UV Absorber Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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UV Absorber Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
UV Absorbers are polymer additives that help to increase the shelf life, durability, performance, and stability of wood, plastics, and other materials. The UV Absorbers absorb ultraviolet rays and convert those UV rays into low-impact heat and energy through a chemical reaction, and emission of the resulting heat and energy. These absorbers absorb the highly energetic UV radiation and re-emit it at lower energy to prevent any initial degradation or losses. UV absorbers are the protective covering for surface material. Benzotriazole, Triazine, and Benzophenone are three types of absorbers in which Triazine based UV absorbers gives excellent performance result over other UV absorber Benzophenone and Benzotriazole. Drastic growth in various end-use industries like construction, automotive, agriculture, and pharmaceuticals will drive the UV Absorber market in the future. The rising price of UV absorber and strict government rules is likely to hinder growth during the forecast period.
Driving Factors:
Nowadays consumers are more sensitive to personal appearance which makes them use maximum cosmetics. Various cosmetics products consist of UV absorbers to protect from the harmful effects of the sun. The UV absorbers like Benzophenone-5 can be used for lotions, shampoo, gels, creams, make-up, conditioner, styling products, self-tanner, facial cleansers, sunscreen, and other face and body care products. Benzophenone is also used in soaps as it does not lose the scents and color in the presence of UV light. Hence increasing demand for cosmetics will drive the UV Absorber market.
UV absorbers are used in the interior and exterior materials of automobiles to increase the durability of the material. The plastic used in the automobile is about 14%. The addition of a UV absorber in the paints and coating to minimize the natural aging process of plastic is very necessary. According to the Indian Brand Equity Foundation, India’s annual production of automobiles in FY22 was 22.93 million vehicles. Hence with the rising demand for automobiles, the need for UV absorbers for increasing the shelf-life and durability of vehicles is a must. The continuous demand of the automobile industry will boost the UV Absorber Market.
Restraining Factor:
UV absorbers are additives used in various consumer and industrial products. UV absorbers are used in products such as plastics, personal care, coatings, and other polymer materials to improve stability by preventing aging and deterioration. Cinnamate UV absorbers (CUVAs) induce mitochondrial damage and apoptosis in the human body. Oxybenzone and Benzophenone are the chemicals used in sun protection products. Sunscreen consisting of these two chemicals in heavy amounts can cause cancers. These chemicals can also develop rashes and skin allergies. Such reasons hinder the growth of the market. The use of organic UV absorbers wherever possible can minimize the harmful effect of UV absorbers.
Impact of the COVID-19 Pandemic on the UV Absorber Market:
The outbreak of COVID-19 has witnessed a negative impact on the UV Absorber market growth. During the pandemic, the lockdown was implemented across several nations which disrupted the manufacturing of UV absorbers. Decrease production of packaged food due to shortage of raw material, labor, etc. ultimately resulted in a decreased need for UV absorbers required for packaging. During the pandemic, the automobile industry has also decreased drastically. Such factors have restrained the growth of the UV Absorber market.
Post-pandemic all the activities resumed and witnessed a positive impact. Due COVID-19 pandemic, consumers are now more health conscious, and demand for packaged food is increasing gradually which raises the supply of UV absorbers in the packaging industry. A rise in greenhouses and mulching for organic food will boost the UV Absorber market. Rising demand for UV absorbers in the automobile industry for increasing the durability of vehicles is projected to boost the demand for the UV Absorber market in the coming years.
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July 2022
Global polymer additives supplier Songwon has debuted two new products, which it will feature at K 2022: Songnox 9228 antioxidant and Songsorb 1164 UV absorber. These polymer additives are used in various industries like agriculture, cosmetics, packaging, building, and construction.
July 2022
Solvay has announced the launch of a portfolio of UV-C stabilizers. The polyolefin surfaces will be treated with ultra-violet (UV) light in the UV-C spectrum (200 to 280 nm) to minimize hospital-acquired diseases and infections. The materials are used to increase safety and hygiene in the surrounding.
Top Companies Market Share in UV Absorber Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Asia-Pacific region is expected to dominate the UV Absorber market:
Songwon, Adeka Corporation, Adelbert Vegyszerek and others are some of the leading UV absorber companies in the Asia-Pacific region. The rapid urbanization and industrialization in the developing nations of the Asia-Pacific region will drive the UV Absorber market during the forecast period. China is the largest producer of plastics with almost 30% of overall world plastic production. Also, the Asia-Pacific region consists of the largest food packaging companies. Hence Asia-Pacific region is the largest producer as well as consumer of plastic which is used in the automobile, packaging, cosmetics, agriculture, and construction industry. The booming automobile industry in developing countries like India, China, Singapore, and Indonesia will boost the UV Absorber market. All such components make the Asia-Pacific region dominate the UV Absorber market.
The current report Scope analyzes UV Absorber Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global UV Absorber Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing UV Absorber Industry growth. UV Absorber market has been segmented with the help of its Type, Application , and others. UV Absorber market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Triazine segment is projected to grow at the highest CAGR during the forecast period:
Based on type, the UV Absorber market is divided into Benzotriazole, Triazine, and Benzophenone. The UV absorber with Triazine is used more due to its excellent performance over other UV absorbers Benzophenone and Benzotriazole. Coatings are abundantly used in the automotive industries and other decorative applications. When these coatings are exposed to UV radiation, they degrade fast and reduce their performance. Hence, Triazine helps to enhance durability and shelf-life to achieve maximum performance. Triazine is also used in the paint industry. Hence increasing demand for paint, coating, and the automobile industry, the triazine-based UV absorber is likely to boost the segment during the forecast period.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of UV Absorber Industry. Request a Free Sample PDF!
The Plastics segment is projected to grow at the highest CAGR during the forecast period:
By application, the market is divided into adhesives, coatings, personal care, and plastics. UV Absorbers are used in the manufacturing of polymer films and are further used in the mulching operation in agriculture. Plastics are also used in pharmaceutical packaging. The UV absorber in the plastic of pharmaceutical packaging keeps the product away from harmful UV radiation. In household and electronic goods, the use of plastics is increasing day by day. Increasing demand for automobiles, pharmaceuticals, FMCG, agriculture, and other industries will raise the demand for the plastics segment which will cause overall growth of UV absorbers during the forecast period.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the UV Absorber market report 2024 Edition by contacting our team.
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I am a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis, I thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making. My analytical mindset, coupled with effective communication skills, allows me to bridge the gap between data analysis and practical business applications.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global UV Absorber Market is witnessing significant growth in the near future.
In 2023, the Benzotriazole segment accounted for noticeable share of global UV Absorber Market and is projected to experience significant growth in the near future.
The Adhesives segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Adeka Corporation , Songwon and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Benzotriazole, Triazine, Benzophenone, Others |
Application | Adhesives, Coatings, Personal Care, Plastics |
List of Competitors | Adeka Corporation, Mayzo, Songwon, Akzo Nobel N.V., Clariant, Valtris specialty chemicals, Everlights, LYCUS, Altana ag, BASF, Lanxess, Solvay, Adelbert Vegyszerek |
This chapter will help you gain GLOBAL Market Analysis of UV Absorber. Further deep in this chapter, you will be able to review Global UV Absorber Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America UV Absorber Market Trends North America UV Absorber Technological Road Map North America UV Absorber Market Drivers North America UV Absorber Market Restraints North America UV Absorber Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global UV Absorber market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Benzotriazole have a significant impact on UV Absorber market? |
What are the key factors affecting the Benzotriazole and Triazine of UV Absorber Market? |
What is the CAGR/Growth Rate of Adhesives during the forecast period? |
By type, which segment accounted for largest share of the global UV Absorber Market? |
Which region is expected to dominate the global UV Absorber Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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