Increasing Awareness Regarding Ultraviolet (UV) Absorbers Market

 

Ultraviolet (UV) Absorbers Market, By Chemistry (Benzotriazole, Triazine, Benzophenone, Others), By Application (Coatings, Plastics, Personal Care, Adhesives, Others), By End-Use Industry (Automobile, Construction, Agriculture, Cosmetics, Others)–Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028.

Market Overview:

Ultraviolet (UV) absorbers are organic compounds that are used in a wide range of applications to protect materials from the harmful effects of UV radiation. UV radiation from the sun can cause damage to materials, such as plastics, coatings, and textiles, leading to degradation and discoloration. UV absorbers are added to these materials to absorb the UV radiation and convert it into heat, thereby protecting the material from damage. UV absorbers are also used in personal care products such as sunscreens to protect the skin from the harmful effects of UV radiation. These compounds are designed to absorb specific wavelengths of UV radiation and are often incorporated into products as a mixture of different compounds to provide broad-spectrum protection. Ultraviolet (UV) Absorbers Market are an important component in the protection of materials and human health from the harmful effects of UV radiation.

Competitive Landscape:

Major players operating in the global ultraviolet (UV) absorbers market include Mayzo, Inc., Lambson Limited, Lycus Ltd., SABO S.p.A., Addivant, Milliken Chemical, Adeka Corporation, Songwon, Everlight Chemical Industrial Co., Solvay S.A., Clariant AG, Huntsman Corporation, and BASF SE.

Key Market Drivers:

The major drivers of the global ultraviolet (UV) absorbers market include the increasing demand for UV absorbers in various applications such as plastics, coatings, and personal care products. The growing awareness about the harmful effects of UV radiation and the need for protection against it is also driving the growth of the UV absorbers market.

Additionally, the development of novel UV absorbers and the increasing research and development activities in the field of UV protection is estimated to enhance the growth of the global ultraviolet (UV) absorbers market.  For instance, in June 2019, Shenzhen Xingshengdi New Materials Co., Ltd. utilized BASF's UV-absorbing shields for building 5G base stations for several major global telecommunications companies.

Covid-19 Impact Analysis:

The COVID-19 pandemic has had a significant impact on the UV absorbers market. The pandemic has led to a decrease in the production of UV absorbers due to disruptions in the supply chain and manufacturing processes. Additionally, the closure of various industries and businesses during the pandemic has resulted in a decline in the demand for UV absorbers in some applications. However, the growing awareness about the importance of UV protection and the need for personal care products with UV protection is expected to drive the growth of the UV absorbers market in the post-pandemic period.

Key Takeaways:

·        North America is expected to dominate the growth of the global ultraviolet (UV) absorbers market, owing to the high demand for paints and coatings in the region along with rapid urbanization and awareness regarding UV radiation effects.

·        The Asia Pacific region is expected to witness the fastest growth in the global ultraviolet (UV) absorbers market, owing to the increasing demand for UV absorbers in various applications and the growing awareness about the harmful effects of UV radiation.