Press Release

Sep, 30 2024

Rising Awareness of Skin Protection and Skin Conditions is Driving the Growth of Global UV Filter Market

UV filters are compounds used to block or absorb ultraviolet (UV) radiation. They are commonly found in sunscreens, cosmetics, and various skincare products. These filters protect the skin from harmful UV rays, which can cause sunburn, premature aging, and skin cancer. UV filters are classified into two main types: chemical absorbers and physical blockers. Chemical absorbers absorb UV radiation and convert it into harmless heat. Physical blockers, like zinc oxide and titanium dioxide, reflect and scatter UV rays away from the skin. Their use is essential for maintaining skin health and preventing UV-induced damage.

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Global UV Filter Market size was valued at USD 1.98 billion in 2031 and is projected to reach USD 1.49 billion by 2023, with a CAGR of 3.64% during the forecast period of 2024 to 2031.

Key Findings of the Study

UV Filter Market

  • Growing Demand for Personal Care and Cosmetic Products

The increasing awareness about skin health and protection against harmful UV radiation is propelling the need for effective UV filters in sunscreens and daily skincare products. Consumers are becoming more conscious of the long-term effects of UV exposure, such as premature aging and skin cancer, leading to a higher demand for products containing UV filters.

The cosmetic industry is rapidly evolving, with a strong focus on developing products that offer additional benefits beyond basic skincare. UV filters are now being incorporated into a wide range of products, including moisturizers, foundations, and lip balms, to provide comprehensive sun protection. This trend is particularly prominent in regions with high UV exposure, where consumers are more likely to seek out products with built-in UV protection. Advancements in UV filter technology are also playing a crucial role in market growth. Manufacturers are investing in research and development to create more efficient and stable UV filters that provide broad-spectrum protection. These innovations not only enhance the efficacy of personal care and cosmetic products but also address consumer concerns about potential side effects and environmental impact.

The growing demand for personal care and cosmetic products is a key driver for the UV filter market. The rising awareness about skin health, advancements in UV filter technology, and stringent regulatory standards are all contributing to the market's expansion. As consumers continue to prioritize UV protection in their skincare routines, the demand for innovative and effective UV filters will remain strong, driving further growth in the market.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022  (Customizable to 2016 - 2021)

Quantitative Units

Revenue in USD Billion

Segments Covered

Product (Organic, Inorganic and Hybrid), Application (Personal Care and Cosmetics, Plastic, Packaging, Industrial Coatings, Construction, Optical Lenses, Textiles, Agriculture, Consumer Electronics, and Others)

Countries Covered

U.S., Canada, and Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Belgium, Sweden, Switzerland, Poland, Norway, Denmark, Turkey, Finland, Rest of Europe, China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia, Vietnam, Philippines, Singapore, New Zealand, Taiwan, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, South Africa, Egypt, Kuwait, Qatar, Oman, Bahrain, and Rest of Middle East and Africa

Market Players Covered

BASF SE (Germany), DSM (Netherlands), Ashland (U.S.), MFCI CO.,LTD (China), Sunjin Beauty Science (South Korea), EverCare (U.S.), Sarex (India), UNIPROMA HOT PRODUCTS (U.K.), Omega Optical, LLC. (U.S.), and IRA Istituto Ricerche Applicate (Italy)

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Segment Analysis

The global UV filter market is segmented into two notable segments based on product and application.

  • On the basis of product, the market is segmented into organic, inorganic, and hybrid

In 2024, the organic segment is expected to dominate the global UV filter market

In 2024, the organic segment is expected to dominate the market with a market share of 58.60% due to its superior effectiveness in absorbing UV radiation, providing better protection in sunscreen products. Organic UV filters are also more versatile and can be formulated into a wider range of cosmetic products. Their compatibility with other ingredients and consumer preference for natural-based products further drive their dominance.

  • On the basis of application, the market is segmented into personal care and cosmetics, plastic, packaging, industrial coatings, construction, optical lenses, textiles, agriculture, consumer electronics, and others

In 2024, the personal care and cosmetics segment is expected to dominate the global UV filter market

In 2024, the personal care and cosmetics segment is expected to dominate the market with a 59.51% market due to the rising consumer awareness of skin protection from harmful UV rays. The increased use of sunscreens, anti-aging products, and daily skincare items containing UV filters drives this demand.

Major Players

Data Bridge Market Research analyzes BASF SE (Germany), DSM (Netherlands), Ashland (U.S.), MFCI CO.,LTD (China), Sunjin Beauty Science (South Korea) as the major players in the global UV filter market.

UV Filter Market

Market Developments

  • In July 2024, UNIPROMA Hot Products announced the launch of Sunsafe DMT (Drometrizole Trisiloxane), a cutting-edge UV filter designed for enhanced sun protection. In the rapidly evolving field of skincare, Drometrizole Trisiloxane is celebrated for its exceptional ability to shield the skin from harmful UV rays. With consumers increasingly prioritizing their skin health, Sunsafe DMT emerges as a vital component in contemporary sunscreen formulations. This innovative product underscores Uniproma's commitment to providing state-of-the-art solutions in sun protection
  • In May 2024, Sunjin Beauty Science launched Sun Shield Powder. The powder is a loose powder formulation designed for smooth application and exceptional UV protection. It utilizes the silica-encapsulated ingredient SUNSIL-S, combined with SUNSIL-LUX150H, which is renowned for its silky texture and superior transparency
  • In September 2023, BASF has further expanded its production footprint of its modern UV filter portfolio in the Asia-Pacific region. Uvinul A Plus is one of the few photostable UVA filters available in the market today that reliably filters the sun’s harmful UVA rays and provides protection from free radicals and skin damage
  • In March 2024, DSM broadens the PARSOL portfolio with the launch of PARSOL DHHB. PARSOL DHHB offers flexibility to formulators to create multi-functional products with adequate UVA protection and high eco-class formulations (as per the DSM Sunscreen Optimizer™ 2.0). Its excellent solubility and wide formulation compatibility, makes PARSOL DHHB stand out of the crowd and suitable for a full range of application including sunscreens, facial care and color cosmetics
  • In May 2020, Sunjin Beauty Science launched Sun Shield Powder. The powder is a loose powder formulation designed for smooth application and exceptional UV protection. It utilizes the silica-encapsulated ingredient SUNSIL-S, combined with SUNSIL-LUX150H, which is renowned for its silky texture and superior transparency

Regional Analysis

Geographically, the countries covered in the global UV filter market report are U.S., Canada, and Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Belgium, Sweden, Switzerland, Poland, Norway, Denmark, Turkey, Finland, Rest of Europe, China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia, Vietnam, Philippines, Singapore, New Zealand, Taiwan, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, South Africa, Egypt, Kuwait, Qatar, Oman, Bahrain, and Rest of Middle East and Africa.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant and fastest growing region in the global UV filter market

Asia-Pacific is expected to dominate the market due to its large and growing population, increasing awareness about skin protection, and rising disposable incomes drives demand for UV filters in sunscreen and skincare products.

For more detailed information about the global UV filter market report, click here – https://www.databridgemarketresearch.com/fr/reports/global-uv-filter-market


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