Global Ultraviolet Absorber (UV) Market Segmentation, By Product (Benzophenone, Benzotriazole, Triazine, and Others), Application (Plastics, Coatings, Adhesives, Personal Care, Packaging, Agricultural Films, and Others) - Industry Trends and Forecast to 2031
Ultraviolet Absorber (UV) Market Analysis
The ultraviolet absorber (UV) market is witnessing significant growth due to advancements in technology and increasing awareness about the harmful effects of UV radiation. Recent innovations include the development of more efficient organic UV absorbers that offer better performance with lower environmental impact. For instance, new formulations combine nano-sized particles with organic compounds to enhance UV protection in coatings and plastics.
The usage of these advanced UV absorbers is expanding across various industries, including automotive, cosmetics, and packaging. In the automotive sector, UV absorbers are integrated into paints and plastics to improve longevity and maintain aesthetic appeal. In cosmetics, they are vital for formulating sunscreens that effectively block harmful rays.
Market growth is further fueled by rising consumer demand for protective materials, particularly in regions with high UV exposure. The global UV absorber market is projected to grow significantly, driven by stringent regulations regarding UV protection in products and increased investments in research and development. This dynamic environment presents opportunities for manufacturers to innovate and differentiate their products, ensuring competitiveness in a rapidly evolving market.
Ultraviolet Absorber (UV) Market Size
The global ultraviolet absorber (UV) market size was valued at USD 1.07 billion in 2023 and is projected to reach USD 1.74 billion by 2031, with a CAGR of 6.25% during the forecast period of 2024 to 2031. 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 import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
Ultraviolet Absorber (UV) Market Trends
“Growing Demand for Eco-Friendly UV Absorbers”
The increasing consumer awareness about environmental sustainability is driving the growth of the ultraviolet absorber (UV) market, particularly eco-friendly UV absorbers. These are derived from natural sources or designed to be biodegradable, catering to the rising demand for sustainable products across various industries, including cosmetics, plastics, and coatings. For instance, in November 2022, Songwon launched two innovative products: Songnox 9228, an advanced antioxidant, and Songsorb 1164, a powerful UV absorber. These polymer additives are designed for a wide range of applications, including packaging, agriculture, building, construction, and personal care. The company emphasizes its commitment to delivering unmatched quality, consistency, and reliability, ensuring that its customers receive superior products tailored to their specific needs.
Report Scope and Ultraviolet Absorber (UV) Market Segmentation
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Attributes
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Ultraviolet Absorber (UV) Key Market Insights
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Segments Covered
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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BASF SE (Germany), SONGWON (South Korea), Clariant (Switzerland), Solvay (Belgium), ADEKA CORPORATION (Japan), Addivant (U.S.), 3V Sigma USA Inc (U.S.), Everlight Chemical Industrial Co. (Taiwan), Milliken & Company (U.S.), SABO S.p.A (Italy), Apexical, Inc. (U.S.), Dalian Richfortune Chemicals Co., Ltd (China), CHEMIPRO KASEI KAISHA, LTD (Japan), Chitec Technology Co., Ltd. (Taiwan), Valtris Specialty Chemicals (U.S.), Lycus Ltd., LLC. (U.S.), Everspring Chemical Co., Ltd. (Taiwan), Lambson (South Africa), MPI Chemie B.V. (Netherlands), Nanjing Union Rubber and Chemicals Co., Ltd. (China), and Huntsman International LLC (U.S.)
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Market Opportunities
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Value Added Data Infosets
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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 import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
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Ultraviolet Absorber (UV) Market Definition
Ultraviolet absorbers (UV absorbers) are chemical compounds that help protect materials from the damaging effects of ultraviolet (UV) radiation. They work by absorbing UV light and converting it into harmless heat, thereby preventing degradation, discoloration, and loss of mechanical properties in plastics, coatings, and other materials. Commonly used in applications such as sunscreen, plastics, and textiles, UV absorbers enhance the longevity and performance of products exposed to sunlight. They are classified into two main categories: benzophenones and benzotriazoles, each with specific applications and effectiveness against different UV wavelengths. The growing demand for UV protection in various industries drives their market growth.
Ultraviolet Absorber (UV) Market Dynamics
Drivers
- Rising Skin Cancer Incidences
The rising incidence of skin cancer is a critical driver of the ultraviolet absorber (UV) market. According to the World Health Organization, skin cancer cases have increased significantly, with over 3 million non-melanoma and 132,000 melanoma skin cancers diagnosed annually. This alarming trend has heightened public awareness of UV radiation's harmful effects, leading consumers to seek protective measures. As a result, demand for personal care products, such as sunscreens and cosmetics containing UV absorbers, has surged. For instance, in 2023, it was estimated that 186,680 new cases of melanoma would be diagnosed, highlighting the growing concern surrounding this aggressive form of skin cancer. Melanoma accounts for a significant portion of skin cancer cases and poses serious health risks. Additionally, the disease is projected to lead to approximately 7,990 fatalities, underscoring the importance of early detection, preventive measures, and effective treatment strategies in combatting melanoma.
- Automotive and Construction Applications
The increasing use of UV absorbers in automotive coatings and construction materials significantly drives market growth. In the automotive sector, UV absorbers enhance the durability of exterior paints, protecting vehicles from fading and deterioration due to sunlight exposure. For instance, in October 2022, Songwon unveiled two new products, SONGSORB 1164 and SONGNOX 9228, aimed at meeting diverse customer needs across various sectors, including agriculture, packaging, construction, and personal care. These products are engineered to provide superior protection against UV radiation and oxidative degradation, ensuring the longevity and reliability of materials used in demanding environments. The launch reflects Songwon's commitment to innovation and customer satisfaction in polymer additives.
Opportunities
- Consumer Preferences for Natural Products
The increasing consumer preference for natural and organic products presents significant opportunities in the ultraviolet absorber market. As consumers become more conscious of ingredient safety and environmental impact, manufacturers are responding by developing UV absorbers sourced from natural materials. For instance, companies such as BASF have introduced UV absorbers derived from plant-based sources, appealing to eco-conscious consumers. Additionally, brands such as Neutrogena and Aveeno are formulating sunscreens with natural UV filters, enhancing their market appeal. This shift not only addresses consumer demands but also encourages innovation in product formulations, ultimately expanding market reach and driving growth in the UV absorber sector.
- Innovations in Formulations
The ultraviolet absorber (UV) market is witnessing significant opportunities due to continuous innovations in formulations. Manufacturers are increasingly developing multifunctional UV absorbers that not only provide effective UV protection but also offer additional benefits such as anti-aging, hydration, and skin-repair properties. For instance, in July 2022, Solvay introduced a new portfolio of UV-C stabilizers, specifically designed for hygiene applications. This innovative range targets bright UV light in the UV-C spectrum (200 to 280 nm) and is tailored for polyolefin applications. These materials are particularly suited for use in clinical hardware within operating rooms, airplanes, and sports venues, where enhanced hygiene and safety standards are paramount for effective functionality.
Restraints/Challenges
- High Cost of Raw Materials
Fluctuations in the cost of raw materials for producing ultraviolet absorbers significantly impact pricing and profitability. The prices of key ingredients can vary due to supply chain disruptions, geopolitical issues, or natural disasters, leading to increased manufacturing costs. When raw material prices rise, manufacturers often have no choice but to pass these expenses onto consumers through higher product prices. This increase can reduce demand as customers seek more affordable alternatives or substitute products. Consequently, such volatility in raw material costs can hinder market growth, as manufacturers struggle to maintain competitive pricing while coping with fluctuating input costs.
- Availability of Substitute Products
The availability of substitute products significantly hinders the ultraviolet absorber (UV) market. The emergence of alternative technologies, such as physical barriers and advanced formulations, offers consumers effective protection against UV radiation without relying solely on traditional UV absorbers. These substitutes often provide enhanced performance, ease of application, or improved safety profiles, attracting consumers away from conventional options. As awareness of these alternatives grows, manufacturers may face declining demand for their UV absorber products. Additionally, the increasing adoption of innovative solutions can lead to price competition and reduced market share for traditional UV absorber suppliers, further exacerbating challenges within the market.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Ultraviolet Absorber (UV) Market Scope
The market is segmented on the basis of product and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Benzophenone
- Benzotriazole
- Triazine
- Others
Application
- Plastics
- Coatings
- Adhesives
- Personal Care
- Packaging
- Agricultural Films
- Others
Ultraviolet Absorber (UV) Market Regional Analysis
The market is analysed and market size insights and trends are provided by product and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate the ultraviolet absorber (UV) market due to significant technological advancements and increased investment in research and development. The region's focus on innovation, particularly in industries such as cosmetics, plastics, and coatings, is driving demand for effective UV solutions. This trend is anticipated to enhance market growth during the forecast period, solidifying North America's leading position in the ultraviolet absorber market.
Asia-Pacific is projected to observe a significant amount of growth in the ultraviolet absorber (UV) market, driven by increasing industrialization and the expanding automotive sector. The region's diverse end-use industries, including cosmetics, coatings, and plastics, are further anticipated to fuel demand for UV absorbers. This growth trend is expected to continue in the coming years, reflecting the region's economic development and innovation.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Ultraviolet Absorber (UV) Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Ultraviolet Absorber (UV) Market Leaders Operating in the Market Are:
- BASF SE (Germany)
- SONGWON (South Korea)
- Clariant (Switzerland)
- Solvay (Belgium)
- ADEKA CORPORATION (Japan)
- Addivant (U.S.)
- 3V Sigma USA Inc (U.S.)
- Everlight Chemical Industrial Co. (Taiwan)
- Milliken & Company (U.S.)
- SABO S.p.A (Italy)
- Apexical, Inc. (U.S.)
- Dalian Richfortune Chemicals Co., Ltd (China)
- CHEMIPRO KASEI KAISHA, LTD (Japan)
- Chitec Technology Co., Ltd. (Taiwan)
- Valtris Specialty Chemicals (U.S.)
- Lycus Ltd., LLC. (U.S.)
- Everspring Chemical Co., Ltd. (Taiwan)
- Lambson (South Africa)
- MPI Chemie B.V. (Netherlands)
- Nanjing Union Rubber and Chemicals Co., Ltd. (China)
- Huntsman International LLC (U.S.)
Latest Developments in Ultraviolet Absorber (UV) Market
- In November 2022, SABO S.p.A. announced its strategic acquisition of the TAA and derivatives business from Evonik Industries AG, including key production sites in Marl, Germany, and Liaoyang, China. This acquisition is vital for securing the raw materials essential for manufacturing Hindered Amine Light Stabilizers (HALS). With this move, SABO aims to ensure a stable supply of additives widely used in automotive components, agricultural films, building materials, and consumer goods
- In October 2022, Clariant introduced AddWorks AGC 970, an advanced light stabilizer solution specifically formulated for polyethylene agricultural films. This cutting-edge innovation significantly enhances product longevity within the mulch sector. By improving film durability against UV exposure and harsh agrochemical conditions, AddWorks AGC 970 allows converters to create more resilient products, ultimately supporting agricultural practices while ensuring efficiency and sustainability in crop management
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