Market Size of UV Absorber Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 Industry Segmentation
The UV absorber market report include:
| Types | |
| Benzotriazole | |
| Triazine | |
| Benzophenone | |
| Others |
| Application | |
| Adhesives | |
| Coatings | |
| Personal Care | |
| Plastics | |
| Others |
| Geography | |||||||
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UV Absorber Market Size Summary
The UV absorber market is poised for significant growth, driven by its increasing application in sectors such as automotive plastics and packaging. UV absorbers play a crucial role in enhancing the performance and durability of materials by protecting them from the degrading effects of ultraviolet light. This market is experiencing a surge in demand due to the rising use of UV absorbers in outdoor applications, where they provide effective UV resistance. The plastic segment dominates the market, with extensive use in automotive, packaging, and construction industries. However, environmental concerns related to certain types of UV absorbers and challenges posed by the coronavirus pandemic may hinder market growth. Despite these challenges, advancements in the development of nontoxic polymeric UV absorbers present promising opportunities for future market expansion.
The Asia-Pacific region leads the global UV absorber market, fueled by its robust automotive and packaging industries. The region's dominance is attributed to its large-scale manufacturing of plastic components and established automotive sector, which significantly contributes to the demand for UV absorbers. Additionally, the region's growing infrastructure projects and government investments further bolster market growth. The UV absorber market is characterized by its fragmented nature, with numerous players such as Rianlon Corporation, SABO S.p.A, Clariant, BASF SE, and Solvay actively participating. The market's expansion is supported by the eco-friendly attributes of UV absorbers, making them a preferred choice in applications like wood coatings, particularly in countries like China, Japan, and India.
UV Absorber Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Application in Plastics and Packaging
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Environmental Concerns of Benzotriazole UV Absorber
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1.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
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1.3 Industry Value Chain Analysis
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1.4 Porters Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Types
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2.1.1 Benzotriazole
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2.1.2 Triazine
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2.1.3 Benzophenone
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2.1.4 Others
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2.2 Application
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2.2.1 Adhesives
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2.2.2 Coatings
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2.2.3 Personal Care
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2.2.4 Plastics
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2.2.5 Others
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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UV Absorber Market Size 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.
