UV Absorbers – Global Market Outlook (2019-2023)

UV Absorbers Market

According to Research for Markets, the Global UV Absorbers market is expected to grow from $702.13 million in 2016 to reach $1214.64 million by 2023 with a CAGR of 8.1%. Growing adoption of UV absorbers in agricultural greenhouse films, increasing market for wood coatings, and rising demand from automotive industry are some of the factors bolstering the market growth. However, volatility of raw material prices, stringent government regulations is limiting the market growth.

By absorber type, Benzotriazole type is leading the market with a largest market share during the forecast period. The dominance is owing to heavy adoption in several applications, for instance personal care, coatings, adhesives, plastics, printing, etc. The plastic application segment is anticipated to witness higher growth rate over the forecast period. The growth is attributed to increasing adoption in agricultural films, automotive plastics, and packaging.

Asia Pacific region is predicted to grow at higher CAGR due to rapid industrialization, growth in automotive industry which is largely consuming UV absorbers in automotive adhesives, coatings, and plastics applications in this region. North America is estimated to be the dominant one among all, due to raising technological advancements that are expected to drive this dominance through the forecast period.

Some of the key players in global UV absorbers market include BASF SE, Addivant, Adeka Corporation, Apexical, Inc., Chemipro Kasei Kaisha, Ltd., Chitec Technology Co., Ltd., Clariant AG, Dalian Richfortune Chemicals Co., Ltd., Everlight Chemical Industrial Co., Huntsman Corporation, Lycus Ltd., LLC, Milliken Chemical, Sabo S.P.A., Solvay S.A., Songwon, and Valtris Specialty Chemicals.

Absorber Types Covered:
• Triazine
• Benzotriazole
• Benzophenone
• Other Absorbers Types

Application Types Covered:
• Adhesives
• Coatings
• Personal Care
• Plastics
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

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