Ultraviolet (UV) Absorber Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ultraviolet (UV) Absorber Market Analysis
The market for UV absorber is expected to grow at a CAGR of more than 5% globally during the forecast period. Ultraviolet (UV) absorber is a material that is used to absorb ultraviolet light and release energy in the form of heat. They are typically used to protect materials by preventing the harmful ultraviolet light from degrading them, thus enhancing the performance, durability, service life, and stability of the materials. They also act as UV stabilizers in neutral or transparent applications in order to provide effective UV resistance for short-term exposures. The growing product application in automotive plastics and packaging has been driving the market growth.
However, the environmental concern i.e. persistent organic pollutants (POPs) related to benzotriazole type of UV absorber and the outbreak of coronavirus are anticipated to pose a challenge in the growth of the UV absorber market during the forecast period.
The research and development in the construction of nontoxic polymeric UV absorber with great resistance to UV photoaging offer great opportunities for the UV absorber market over the next five years.
Asia-Pacific region dominates the market, owing to growing application of UV absorber in automotive plastics, packaging application, and renewable energy, which augment the demand for UV absorber.
Ultraviolet (UV) Absorber Market Trends
This section covers the major market trends shaping the UV Absorber Market according to our research experts:
Plastic to Dominate the Market
- Plastic stands to be the dominating segment owing to the broad application in automotive, packaging, construction and among others.
- UV absorber is used for outdoor applications due to its better performance and broad spectral coverage in both UV-A as well as UV-B region.
- Plastics such as polyvinyl chloride and polycarbonate tend to degrade when exposed to UV radiation. UV radiations initiate chemical reactions in plastics that result in the breakdown and loss of chemical and physical properties of plastics, thereby prompting the need for UV absorbers
- Initiatives beneath Clean Energy Ministerial (CEM) like electric vehicle initiative and growing popularity of electric vehicles are likely to increase the consumption of plastic in the automotive industry subsequently utilization of UV absorber in plastic is anticipated to grow.
- North American countries like Unites States, Canada and Mexico have been recording rise in residential construction projects, which is likely to drive the consumption of UV absorber in region.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region stands to be the dominating market for UV absorber. Factors, such as it improves the chemical properties, UV resistance, and durability of the substrate which is expected to propel the market growth.
- Increasing applications of UV absorber in many industries including automotive, packaging, coating, construction, personal care and among others is expected to propel the demand for UV absorber.
- The Asian region is the largest manufacturer of plastic components that are used in automotive and packaging. The region also possesses an established automotive manufacturing industry with more approximately 50% of the world's manufacturing in the region.
- Valuable attributes of UV absorber are eco-friendly use, low VOC emission, and high solid content that make it a preferred option in wood coatings application. Countries like China, Japan and India are major producers of paints & coatings in the Asia-Pacific region.
- Further, the increasing government investments on infrastructure expansion by nations like China, India, Indonesia, and Vietnam, etc. are providing a thrust to the application of the UV absorber market.
- Hence, all such market trends are expected to drive the demand for UV absorber market in the region during the forecast period.
Ultraviolet (UV) Absorber Industry Overview
The global UV absorber market is fragmented in nature with number of players operating in the market. Some of the major companies are Rianlon Corporation, SABO S.p.A, Clariant, BASF SE and Solvay amongst others.
Ultraviolet (UV) Absorber Market Leaders
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Rianlon Corporation
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SABO S.p.A
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Clariant
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BASF SE
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Solvay
*Disclaimer: Major Players sorted in no particular order
Ultraviolet (UV) Absorber Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Application in Plastics and Packaging
- 4.1.2 Other Drivers
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4.2 Restraints
- 4.2.1 Environmental Concerns of Benzotriazole UV Absorber
- 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
- 4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Types
- 5.1.1 Benzotriazole
- 5.1.2 Triazine
- 5.1.3 Benzophenone
- 5.1.4 Others
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5.2 Application
- 5.2.1 Adhesives
- 5.2.2 Coatings
- 5.2.3 Personal Care
- 5.2.4 Plastics
- 5.2.5 Others
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Amfine Chemical Corporation
- 6.4.2 Anhui Best Progress Imp & Exp Co.,Ltd
- 6.4.3 BASF SE
- 6.4.4 Clariant
- 6.4.5 Everlight Chemical Industrial Corp,
- 6.4.6 Greenchemicals SpA
- 6.4.7 Hangzhou Disheng Import&Export Co., Ltd.
- 6.4.8 Hunan Chemical BV
- 6.4.9 Huntsman International LLC
- 6.4.10 Mayzo
- 6.4.11 Milliken Chemical
- 6.4.12 NYACOL® Nano Technologies Inc
- 6.4.13 Partners in Chemicals
- 6.4.14 Rianlon Corporation
- 6.4.15 SABO S.p.A
- 6.4.16 Solvay
- 6.4.17 Suqian Liansheng Technology Co., Ltd.
- 6.4.18 The Cary Company
- 6.4.19 Tiangang Auxiliary Co., Ltd
- 6.4.20 Suqian Liansheng Technology Co., Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Construction of Nontoxic Polymeric UV-Absorber with Great Resistance to UV-Photoaging
- 7.2 Other Opportunities
Ultraviolet (UV) Absorber Industry Segmentation
The UV absorber market report include:
| Types | Benzotriazole | |
| Triazine | ||
| Benzophenone | ||
| Others | ||
| Application | Adhesives | |
| Coatings | ||
| Personal Care | ||
| Plastics | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Ultraviolet (UV) Absorber Market Research FAQs
What is the current UV Absorber Market size?
The UV Absorber Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in UV Absorber Market?
Rianlon Corporation, SABO S.p.A, Clariant, BASF SE and Solvay are the major companies operating in the UV Absorber Market.
Which is the fastest growing region in UV Absorber Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in UV Absorber Market?
In 2024, the Asia Pacific accounts for the largest market share in UV Absorber Market.
What years does this UV Absorber Market cover?
The report covers the UV Absorber Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the UV Absorber Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
UV Absorber Industry Report
Statistics for the 2023 UV Absorber market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. UV Absorber analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
