According to TechSci Research report, “UV absorbers Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global UV Absorbers Market stood at USD 998.64 million in 2022 and is anticipated to grow with a CAGR of 6.24% in the forecast period, 2023-2028. The initiatives taken by the government based on UV absorbers has led to favorable market conditions for the Global UV Absorbers Market. Several factors contribute to the growth of various UV absorbers products.
Government initiatives based on UV absorbers aim to promote the use of these compounds and protect the environment and human health from the harmful effects of UV radiation. By implementing regulations and guidelines, governments can ensure that industries and products adhere to the necessary standards to mitigate the risks associated with UV exposure.
For instance, one example of a government initiative is the enforcement of regulations that require the use of UV absorbers in specific industries and products. This proactive approach ensures that consumers are provided with effective protection against UV radiation. Governments may also mandate the inclusion of UV absorbers in sunscreen formulations, guaranteeing that individuals have access to products that offer adequate safeguarding against the damaging effects of the sun’s rays.
Moreover, regulations can be put in place to promote the use of UV absorbers in various materials such as plastics, coatings, and other substances. By enhancing their UV resistance and durability, these UV absorbers contribute to the longevity and performance of these materials, reducing the environmental impact and improving overall product quality.
Through these comprehensive measures, government initiatives create a framework that encourages the utilization of UV absorbers, safeguarding both the environment and human health from the detrimental effects of UV radiation.
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The global UV absorbers market is witnessing significant growth, propelled by the rising demand for UV absorbers in the paints and coatings industry. UV absorbers play a pivotal role in safeguarding paints and coatings against the detrimental effects of UV radiation, thereby elongating their lifespan and augmenting their performance.
UV radiation emanating from the sun can cause substantial damage to surfaces exposed to sunlight. It can result in color fading, chalking, cracking, and overall deterioration of paints and coatings. This not only impacts the aesthetic appeal of surfaces but also diminishes their durability and protection against environmental factors.
To address this concern, the paints and coatings industry has embraced UV absorbers as an effective solution. UV absorbers are chemical compounds that absorb UV radiation, preventing it from reaching the paint or coating surface. By absorbing and dissipating UV energy, these additives assist in preserving the integrity and performance of paints and coatings over time.
The Global UV Absorbers Market is segmented into type, application, regional distribution, and company
Based on its type, the Benzotriazole segment held the largest share of the market. Benzotriazole derivatives are known for their exceptional UV light stabilization properties. Specifically developed for plastics and coatings, these UV light stabilizers exhibit remarkable UV diffusion characteristics that extend beyond the UV range. With expanded capacities for UV absorption, they offer superb protection to plastics, upper layers, and various light-sensitive substrates.
These stabilizers are highly suitable for weathering thermosets, organic substrates, and coatings, providing enhanced durability and longevity. When combined with other HALS light stabilizers, they can offer even greater protection against gloss reduction, cracking, color shifting, blistering, chalking, and galvanic corrosion. To achieve optimal results, it is recommended to incorporate these stabilizers into formulations along with air-dried alkyd or humidity treatment PU systems, suitable for both room temperatures and elevated temperatures.
Based on region, the Asia Pacific segment is expected to grow during the forecast period. The Asia Pacific region, with its large population and growing disposable income, has witnessed a significant surge in consumer demand for personal care products, including sunscreens and cosmetics. This demand is primarily fueled by the increasing awareness among consumers about the importance of skin protection and their willingness to invest in effective UV absorbers.
In addition to the rising consumer awareness, favorable government regulations and initiatives aimed at promoting sun protection and reducing the risk of UV-induced skin damage have played a crucial role in driving the demand for UV absorbers in the region.
These regulations not only highlight the significance of incorporating UV absorbers into various products but also create a supportive environment for market growth in the Asia Pacific. The combination of a booming population, higher disposable income, increased consumer awareness, and supportive government regulations has established Asia Pacific as a dominant player in the global UV absorbers market. This region continues to witness remarkable growth as more individuals prioritize their skin health and seek high-quality products that offer effective UV protection.
Major companies operating in the Global UV Absorbers Market are:
- Amfine Chemical Corporation
- Anhui Best Progress Imp & Exp Co.,Ltd
- BASF SE
- Clariant AG
- Everlight Chemical Industrial Corp,
- Greenchemicals SpA
- Hangzhou Disheng Import&Export Co., Ltd.
- Hunan Chemical BV
- Huntsman International LLC
- Rianlon Corporation
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“Growing application of UV absorbers in various end-user industries are key drivers of the UV absorbers market. Growth in the competitive landscape and presence of well-established companies in the market who are dedicated to enhancing their productivity of UV absorbers with every passing year are anticipated to register impressive growth in the Global UV Absorbers Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“UV absorbers Market By Type (Benzophenone, Benzotriazole, Triazine), By Application (Plastics, Coatings, Adhesives, Personal Care & Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global UV Absorbers Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global UV Absorbers Market.
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Table of Content-UV Absorbers Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Global UV Absorbers Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Type (Benzophenone, Benzotriazole, Triazine)
4.2.2. By Application (Plastics, Coatings, Adhesives, Personal Care & Others)
4.2.3. By Region
4.2.4. By Company (2022)
4.3. Market Map
4.3.1. By Type
4.3.2. By Application
4.3.3. By Region
- Asia Pacific UV Absorbers Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type
5.2.2. By Application
5.2.3. By Country
5.3. Asia Pacific: Country Analysis
5.3.1. China UV Absorbers Market Outlook
5.3.1.1. Market Size & Forecast
5.3.1.1.1. By Value
5.3.1.2. Market Share & Forecast
5.3.1.2.1. By Type
5.3.1.2.2. By Application
5.3.2. India UV Absorbers Market Outlook
5.3.2.1. Market Size & Forecast
5.3.2.1.1. By Value
5.3.2.2. Market Share & Forecast
5.3.2.2.1. By Type
5.3.2.2.2. By Application
5.3.3. Australia UV Absorbers Market Outlook
5.3.3.1. Market Size & Forecast
5.3.3.1.1. By Value
5.3.3.2. Market Share & Forecast
5.3.3.2.1. By Type
5.3.3.2.2. By Application
5.3.4. Japan UV Absorbers Market Outlook
5.3.4.1. Market Size & Forecast
5.3.4.1.1. By Value
5.3.4.2. Market Share & Forecast
5.3.4.2.1. By Type
5.3.4.2.2. By Application