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  • UV Absorber Market Analysis | 2023-2028

    UV Absorber Market Analysis | 2023-2028

    UV Absorber Market Analysis | 2023-2028
    Report code - SR2678 Delivery - 2 Weeks
    UV Absorber Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportun See more...

    Market Insights

    By 2028, the market for UV absorbers is anticipated to reach USD 1,350 million, growing at a 6.5% CAGR between 2023 and 2028.

    UV Absorber Market Report Overview

    Market Size in 2028

    USD 1,350 Million

    Market Growth (2023-2028)

    6.5%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    What is a UV absorber?

    A UV absorber, also known as a UV stabilizer or UV blocker, is a substance that absorbs ultraviolet (UV) radiation from sunlight. UV absorbers are commonly used in various products and materials, including plastics, coatings, textiles, and skincare products, to protect them from the harmful effects of UV radiation.

    UV radiation from the sun can cause degradation, discoloration, and deterioration of materials over time. UV absorbers work by absorbing UV radiation and converting it into harmless heat energy, thus preventing it from damaging the material or product.

    Market Dynamics

    Increased Demand from the Textile Sector Will Drive Market Expansion

    Due to notable advancements in research, there is an increasing demand for ultraviolet (UV) absorbers. Exploring new potential uses for UV absorbers in various industrial sectors is still largely dependent on research and development activities. The market for UV absorbers has grown significantly over the last few decades because they are necessary for absorbing UV radiation and turning it into heat or kinetic energy. Furthermore, the textile industry is using UV absorbers more and more to stop the photo-oxidation and photo-aging processes. According to current trends, the textile industry is seeing a continued increase in the use of UV absorbers, but the demand from the automotive, construction, and cosmetics industries sectors is also growing at a considerable pace.

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    Segments' Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Type Analysis

    Benzophenone, Benzotriazole, and Triazine

    Benzotriazole is anticipated to remain the biggest market for UV absorbers in the years to come.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World

    Asia Pacific is expected to remain the largest and fastest-growing market over the next five years.

    Application Analysis

    Plastics, Coatings, Adhesives, and Personal Care

    Plastic is expected to remain the largest and fastest-growing market over the next five years.

     

    UV Absorber Type

    The market is segmented into benzotriazole, benzophenone, and triazine. In terms of volume and value, the UV absorber market is dominated by the benzotriazole type. To shield polymers from UV rays, benzotriazoles are utilized in a variety of coating applications, including personal care, adhesives, coatings, printing, and plastics. In terms of value and volume, benzophenone is the UV absorber market's second-fastest-growing type category. Their widespread use in sectors including automotive, packaging, coatings, adhesives, and personal care, among others, is primarily responsible for this expansion. Among all substances, benzophenone has the lowest price.

    Application Type

    The market is segmented into plastics, coatings, adhesives, and personal care. Rubber, textiles, and printing inks are a few more products that utilize these. The market share leader and fastest-growing segment is the plastics industry. The increasing demand for plastics in packaging, automotive, and agricultural films is the main factor fueling the rise of the plastics application category.

    Regional Analysis

    Asia-Pacific is expected to remain the largest market for UV absorbers during the forecast period. In terms of both value and volume, the market in the Asia-Pacific region is predicted to develop at the highest CAGR between 2023 and 2028. The increased usage of UV absorbers in industrial hubs is mostly responsible for this expansion. The demand for UV absorbers in the Asia Pacific area is being further fueled by the expanding usage of plastics in automotive, packaging, and agricultural films.

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    Key Players

    The following are the top key players in the UV absorber market:

    • BASF SE (Germany)
    • Huntsman Corporation (US)
    • Clariant AG (Switzerland)
    • Solvay S.A. (Belgium)
    • Everlight Chemical Industrial Co. (Taiwan)
    • Songwon (South Korea)
    • Adeka Corporation (Japan)
    • Milliken Chemical (US)
    • Addivant (US)

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s UV absorber market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.

    The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most totally. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the UV Absorber Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQ)

    The UV Absorber Market is estimated to grow at a CAGR of 6.5% by 2028, driven by the increasing demand from applications such as plastics, coatings, adhesives, and personal care.

    BASF SE (Germany), Huntsman Corporation (US), Clariant AG (Switzerland), Solvay S.A. (Belgium), Everlight Chemical Industrial Co. (Taiwan), Songwon (South Korea), Adeka Corporation (Japan), Milliken Chemical (US), Addivant (US), and SABO S.p.A. (Italy) are the leading players in the UV Absorber Market.

    Asia Pacific is estimated to remain dominant in the UV absorber market in the foreseeable future. The key economies driving the regions demand for UV absorbers are China, India, and Japan.

    Plastic is estimated to be dominant in the market in the coming years owing to its high usage and heavy demand in the market by the packaging industry, automotive industry, and others.

    Benzotriazole is anticipated to remain the biggest market for UV absorbers in the years to come.

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