Global UV Absorbers Market by Application (Plastic, Coating, Adhesives, Personal Care & Others), By Chemistry (Benzophenone, Benzotriazole, Triazine and Others), Global Analysis to 2023

UV Absorbers Market Insights

According to the new report titled "Global UV Absorbers Market by Application (Plastic, Coating, Adhesives, Personal Care &  Others), By Chemistry (Benzophenone, Benzotriazole, Triazine and Others), Global Analysis to 2023"

 The valuation of the UV Absorbers Market was $1.4 Billion in 2023 and is projected to reach $2.24 Billion by 2032, at a CAGR of 5.2% from 2021 to 2032.

The Global UV Absorbers Market was valued at $1.4 Billion by 2023 and expected to grow at CAGR of 5.2% over forecast period. The global UV absorbers market plays a pivotal role in providing protection against the harmful effects of ultraviolet (UV) radiation in various industries. UV absorbers are chemical compounds incorporated into products such as coatings, plastics, and personal care items to prevent degradation and discoloration caused by UV rays. With increasing concerns about environmental damage and the need for UV protection, the market has witnessed significant growth. Key applications include the automotive sector, where UV absorbers help maintain the appearance and longevity of coatings, and in the plastics industry, where they contribute to the durability of polymer materials. The market is characterized by ongoing research and development, focusing on enhancing the efficiency of UV absorbers and expanding their applications. As industries continue to prioritize UV protection in their products, the global UV absorbers market is poised for continuous expansion, driven by technological advancements and a growing awareness of the importance of UV radiation mitigation.

Nano tech held the primary share in the UV Absorbers Market

Technology is playing a transformative role in the global UV absorbers market, driving innovation and efficiency in providing protection against ultraviolet radiation. Advances in material science and chemistry have led to the development of highly effective UV absorbers with enhanced stability and longevity. Nanotechnology has enabled the creation of nano-sized UV absorbers, offering improved dispersion and coverage on various surfaces. The incorporation of smart technologies in coatings and polymers allows for responsive UV protection, adapting to changing environmental conditions. Furthermore, the development of eco-friendly and sustainable UV absorbers aligns with the growing demand for environmentally responsible solutions. Advanced testing and analytical technologies have also facilitated precise formulation and customization of UV absorbers to meet specific industry requirements.

North America headed the UV Absorbers Market in 2022

The UV absorbers market in North America is witnessing substantial growth, driven by a heightened awareness of the damaging effects of ultraviolet radiation and the need for effective UV protection across diverse industries. The region's automotive sector, in particular, demands advanced UV absorbers to safeguard coatings and finishes from fading and degradation caused by prolonged sun exposure. Additionally, the plastics and polymers industry in North America utilizes UV absorbers to enhance the durability of materials, especially in outdoor applications. The market is characterized by a commitment to technological advancements, with ongoing research and development aimed at producing more efficient and sustainable UV absorbers. Stringent environmental regulations and consumer preferences for sustainable products contribute to the adoption of eco-friendly UV absorbers.

Key market players operating in the market that are profiled in the report are- Koninklijke DSM N.V. (Netherlands), Corbion N.V. (Netherlands), Cargill (US), BASF SE (Germany), Myriant Corporation (USA), Henan Jindan Lactic Acid Technology Co. Ltd (China), Dow Chemical Company (USA), Eastman Chemical Company (USA), Archer Daniels Midland Company (USA) Paints

UV Absorbers Market Report Coverage

 keyplayer

• BASF
• Songwon
• Clariant
• Solvay
• Adeka
• Addivant
• 3V Sigma
• Ecic
• Milliken Chemical
• Sabo
• Apexical
• Richfortune Chemicals
• Chemipro
• Chitec
• Valtris
• Lycus Ltd
• Mayzo
• Everspring Chemical
• Lambson
• MPI Chemie
• Tianjin Jiuri New Material
• Nurchem
• Jingmen Meifeng Chemical
• Double Bond Chemical
• Huntsman. 

UV Absorbers Market Segmentation 

By Type

• Benzophenone
• Benzotriazole
• Triazine

By Application

• Plastics
• Coatings
• Adhesives
• Personal Care

By Geography

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Research Methodology

The qualitative and quantitative data of the UV Absorbers Market is prepared through various research considerations such as subject matter expert advice, primary and secondary research. Primary research leverages valuable information from face-to-face and/or telephonic interviews and surveys, questionnaires, industry expert opinion, KOLs, customers, and others. Primary interviews are conducted regularly with industry experts to create in-depth expert information on the market and to substantiate the existing analysis of the data.

Secondary research done by Verified Market Reports research team through various sources such as

• Company websites, annual reports, financial reports, investor presentations and SEC filings
• Internal and external proprietary databases, relevant patent, and regulatory databases
• National government documents, statistical databases, and market reports
• News articles, press releases and web-casts specific to the companies operating in the market
• Paid database

  The data for total sales was determined through primary research in each of the countries by interviewing key opinion leaders which included insights from

• C-Level Executives
• Marketing Manager, Brand Manager, Product Manager
• Sales Manager, Sales Officer, Regional Sales Manager, Country Manager
• Procurement Manager
• Production Manager
• Technical Personnel
• Distributors

• The subject matter experts act as a key link to validate and substantiate the key research findings and understandings as the experts have acquired extensive experience in the market over the years. Secondary research data for the UV Absorbers Market are collected from the internet, printed documents (company annual reports and research papers) related to the industry, industrial magazines, association findings, government websites, and others. These multiple information sources provide a key outline of the market.