Uv Absorbers Market Share, Size, Growth, Key Vendors and Trends Analysis

 

The Ultraviolet (UV) Absorbers Market refers to the industry that produces and sells UV absorbers, which are chemical compounds that protect various materials from UV radiation damage. UV absorbers are widely used in the plastics, coatings, adhesives, and personal care industries, among others.

Market Size and Growth

The global UV absorbers market size was valued at USD 802.6 million in 2020 and is expected to reach USD 1,189.4 million by 2028, growing at a CAGR of 5.1% from 2021 to 2028. The growth of the market can be attributed to the increasing demand for UV absorbers from various industries to protect their products from UV radiation.

Product Types

The UV absorbers market can be segmented based on product type, which includes benzotriazole, benzophenone, and others. Among these, benzotriazole is the most widely used type due to its excellent UV absorption properties and low toxicity.

Applications

The UV absorbers market can also be segmented based on application, which includes plastics, coatings, adhesives, personal care, and others. The plastics segment is expected to hold the largest market share due to the increasing use of UV absorbers in packaging and construction materials.

Regional Analysis

The UV absorbers market can be segmented based on region, which includes North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is expected to hold the largest market share due to the presence of a large number of manufacturing facilities and the increasing demand for UV absorbers from various end-use industries.

Key Players

Some of the key players in the UV absorbers market include BASF SE, Songwon Industrial Co., Ltd., Solvay SA, Addivant, Clariant AG, Mayzo, Inc., Everlight Chemical Industrial Corp., Lambson Limited, and MPI Chemie B.V.

Conclusion

The UV absorbers market is expected to witness significant growth in the coming years due to the increasing demand for UV protection from various industries. The market is highly competitive, and key players are focused on expanding their product portfolios and increasing their geographical reach through mergers and acquisitions.

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