UV Absorbers Market

UV Absorbers Market Size & Growth (2023-2028):

The UV absorbers Market is predicted to reach a value of USD 1,006.2 million by the end of the year 2028, with a current CAGR of 7.1% between 2023-2028

UV absorbers are polymeric additives that are employed to improve performance. the life, durability, and stability of plastics, polymers, and wood components. These components are employed in a variety of applications including building and construction, packaging, automotive, agriculture, and adhesives and sealants. An Ultraviolet (UV) absorber is a material employed to absorb ultraviolet light and release energy in the form of heat. They are generally employed to protect materials by preventing harmful ultraviolet light from degrading them, thus improving the performance, durability, life, and stability of materials. Various kinds of UV absorbers are employed depending on the substrate, predicted lifespan, and sensitivity to UV degradation of composites. UV absorbers also behave as UV stabilizers in transparent uses to offer better UV repellence for short-term exposures.

UV AbsorbersMarket Trends:

Escalatingcall for UV protection in the wood paneling industry is predicted to drive worldwide expansion during the foreseen period. The parent market cancellation cure has experienced a CAGR of over 5% over the past decade. UV stabilizing additives protect the wood and other polymers from harmful exposure. In the wood cladding industry, the primary function of the UV light stabilizer includes protecting the wood from harmful ultraviolet radiation.

UV Absorbers Market Drivers:

The key driver of the worldwide UV stabilizer market is escalating for low-cost raw materials, such as plastics and wood materials, which require UV stabilizer coating to impart high thermal stability. The consumption of UV stabilizers will also be driven by their use in the manufacture of polymer water tank rings and chemical tanks that require a molded product to maintain tensile strength during radiation exposure. Long-lasting UV. In the Asia-Pacific region, the growing call for consumer goods, the significant expansion of the regional automotive sector will be the main factors for the increase in the call for UV stabilizers. Nickel fire extinguishers are employed primarily for agricultural film applications as they provide a balance between UV protection and interaction with pesticides. UV stabilizers improve the characteristics of the meshes employed in agriculture that protect the plants that are inside the greenhouse. The growing call for greenhouse films around the world is predicted to play a key role in the UV stabilizer market in the coming years.

UV AbsorbersMarket Restraints:

Rising raw material prices for some UV absorbers are predicted to slow the expansion of the UV absorbers market. The high cost of raw materials needed to make UV absorbers is an obstacle to market expansion. Furthermore, the availability of inorganic UV absorbers, which are an effective alternative to organic UV absorbers, is a major obstacle in the UV absorbers market.

Opportunities in the UV Absorbers Market:

The UV absorbent market is driven primarily by the growing call for applications such as automotive plastics, packaging, agricultural films, coatings, adhesives, and personal care. The increase in the use of plastics for various purposes is driving the market for UV absorbers. It is also an opportunity for the research and development of innovative UV absorbers. Knowledge of UV absorbers is predicted to drive the market. In addition, factors such as safety, quality, attractiveness, and sustainable production through easy-to-mold packaging and packaging cost savings through UV protection by eliminating the need for protection in the material formula. Additionally, the packaging is predicted to drive the expansion of the worldwide UV absorber market. during the foreseen period.

UV ABSORBERS MARKET REPORT COVERAGE:

Challenges in the UV Absorbers Market:

The availability of inorganic UV absorbers, which are an alternative to organic UV absorbers, further restricts market expansion. Government regulations on certain UV absorbers in certain applications are also acting as an obstacle to the expansion of the UV absorbers market. UV absorbers cause photo-oxidative degradation, which can lead to the production of radicals, reduction in molecular weight, and breaking of polymer chains, causing degradation and deterioration of the mechanical properties of materials after an unpredictable time. These related factors are predicted to hamper the expansion of the worldwide UV absorbers industry throughout the foreseen period.

UV AbsorbersMarket Segmentation:

By chemical class:

• Enzophenone

• Benzotriazole

• Triazine

Among these, benzotriazole is predicted to be the dominant market segment during the foreseen period, due to its wide application in plastics, coatings, adhesives, and personal care products, as well as its broad UV protection coverage. A and UV-B. regions considered very harmful.

By end-use industry:

• Plastics

• Coatings

• Adhesives

• cosmetic & personal care

The plastics segment represents the dominant part of the market and is predicted to grow at a very fast rate. The expansion of the plastics applications segment is mainly due to the growing call for packaging plastics and agricultural films.

UV Absorbers Regional Analysis:

• North America 

• Europe 

• Asia Pacific

• Latin America 

• Middle East & Africa 

Asia-Pacific, Europe, and North America are the main markets for UV absorbers. The Asia Pacific regional market is predicted to grow at the highest CAGR between 2021 and 2026, in terms of value and volume. This expansion is mainly attributed to the escalating use of UV absorbers in industrial centers. The escalating use of plastics in automotive, packaging and agricultural films is further driving the call for UV absorbers in the Asia-Pacific region. In terms of value and volume, North America is predicted to be the dominant market share for UV absorbers due to technological maturity and high R&D investments in the region. Asia-Pacific is estimated to be the fastest-growing market for UV absorbers, due to rapid industrialization and call from end-use industries such as plastics and coatings in the industry. region. The expansion of the automotive industry in Europe and countries such as China, India, and Japan in the Asia Pacific promotes the use of UV absorbers in automotive plastics and coating applications.

Recent Developments in the UV Absorbers Market:

• SONGWON launches new UV absorbers for coating applications. With its hydroxy function, the latest UV absorber reduces migration and offers coatings with more photostability for long-term performance.
• Croda launches UV absorber for hair. UV protection for hair is one of the fastest-growing trends for new hair care products as consumers become more aware of the damage the sun can cause to both hair and skin.

UV Absorbers Market Key Players:

1. BASF SE (Germany)

2. Songwon (South Korea)

3. Clariant AG (Switzerland)

4. Solvay S.A. (Belgium)

5. Adeka Corporation (Japan)

6. Addivant (US)

7. Everlight Chemical Industrial Co (Taiwan)

8. Milliken Chemical (US)

9. Sabo S.p.A. (Italy)

10. untsman Corporation (US)