UV Absorber Market Size (2024 – 2030)

The Global UV Absorber Market was valued at USD 1.06 Billion and is projected to reach a market size of USD 1.6 Billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 6.2%.

A substance called an ultraviolet (UV) absorber is used to absorb UV light and produce energy in the form of heat. By keeping damaging UV radiation from deteriorating materials, they are usually employed to protect them and improve their performance, stability, durability, and service life. In neutral or transparent applications, they also function as UV stabilisers to offer efficient UV protection for brief exposures. The market is developing as a result of the expanding product applications in automotive packaging and plastics. However, it is projected that the coronavirus epidemic and environmental concerns linked to persistent organic pollutants (POPs) associated with UV absorbers of the benzotriazole type may hinder the market's growth over the forecast period. Over the next five years, there will be significant potential for the UV absorber market due to research & development into the creation of nontoxic polymeric UV absorbers with high resistance to UV photoaging. Due to the increasing demand for UV absorbers from renewable energy sources, packaging, and automotive plastics, the Asia-Pacific region currently has a dominant position in the market.

Key Market Insights:

Concerns Over UV-induced Skin Damage Are Growing. Understanding the damaging effects of ultraviolet (UV) radiation on the skin is essential as the global market for UV absorbers grows due to growing concerns about UV-induced skin damage. UV exposure raises the risk of skin cancer, damages DNA, and causes genetic mutations and accelerated aging. As people become more conscious of these dangers, they are making sun protection a top priority to protect their skin. Due to this, there is now a greater need than ever for UV protection products, which has raised the market's need for UV absorbers. UV absorbers are essential for shielding the skin from UV radiation's damaging effects. These chemical substances create a barrier against UV radiation and are found in many goods, including moisturisers, sunscreens, and cosmetics. These substances lessen the chance of developing skin cancer and help avoid sunburns, premature aging, and skin damage by reflecting or absorbing UV light. The global UV absorbers market faces both possibilities and challenges as a result of the trend of growing worries about UV-induced skin damage. On the one hand, it gives producers additional opportunities to create cutting-edge UV protection products and broaden their product lines. Nevertheless, it also places pressure on the sector to guarantee the efficacy, safety, and legality of UV absorbers used in a range of applications. Companies in the UV absorbers market must make research and development investments to produce more secure and efficient UV protection solutions to meet the growing concerns. Investigating novel substances, mixes, and technological advancements that provide improved UV absorption capacities while lowering possible hazards to human health and the environment is part of this. Working together, industry participants, regulatory agencies, and academic institutions can help advance our knowledge of UV-induced skin harm and create effective preventive measures.

Global UV Absorber Market Drivers:

Increased Demand from the Textile Sector Will Drive the Growth of the UV Absorber Market.

Due to notable advancements in research, there is a growing need for ultraviolet (UV) absorbers. The market for UV absorbers has grown significantly over the last several decades since they are necessary for absorbing UV radiation and turning it into heat or motion energy. Furthermore, the textile sector is using UV absorbers more and more to stop the photo-oxidation and photo-aging processes. According to current trends, the textile industry is still adopting UV absorbers at a rapid rate, but the demand from the automotive, building, and skincare sectors is also increasing at a significant rate.

Eco-friendly UV absorbers developed by scientists have impacted market growth.

Globally, there is constant pressure on the industrial and manufacturing sectors to adhere to strict environmental standards and regulations. Stakeholders in the ultraviolet (UV) blocker market have been moving towards eco-friendly manufacturing techniques with minimal environmental footprint materials and compounds over the last ten years as a result of growing environmental concerns. In the UV absorbers market, research and development efforts have accelerated significantly in response to growing environmental concerns.

The automotive sector's demand is driving the market for UV absorbers.

Car manufacturers are always looking for new ways to preserve the paint jobs on their vehicles. UV absorbers are essential for shielding car coatings from the sun's rays, much like sunscreen does for skin protection. The usage of light stabiliser solutions, which include UV absorbers and hindered amine light stabilisers, to enhance the performance of automobile OEM clear coat and refinish paint is growing. Long-term mitigation of the impact of oxidation and heat is another important function of UV absorbers. Because of these factors, it is anticipated that during the projection period, there will be a constant increase in the need for UV absorbers used to produce vehicle coatings.

Global UV Absorber Market Restraints and Challenges:

The section talks about how the amount of thickness of the layer that is applied to the foundation affects how effective UV absorbers are in coatings. It emphasises how UV absorbers become less effective with thinner coatings, rendering them useless for shielding the covering surface. Furthermore, it implies that quenchers and hindered amine light stabilisers are more affordable substitutes for UV absorbers, which could have a detrimental effect on the worldwide UV absorbers market over the course of the projection period. Overall, the section makes a strong case for the drawbacks of UV absorbers in paints and the disadvantage that cost puts them at when compared to other stabilisers. This analysis offers insightful information on the variables affecting the market behaviour in the UV absorbers sector.

Global UV Absorber Market Opportunities:

Reducing transmission and distribution (T&D) losses in the process of moving electricity from generating stations to consuming sites is a major challenge for the power industry. The World Bank reports that losses from technology and distribution (T&D) of electric power have increased globally, amounting to 8.251% of total electricity produced. The use of cutting-edge technologies, such as cross-linked polyethylene cables, is accelerating in response to this urgent problem. Compared to conventional materials, these cables provide several benefits, such as increased power transmission efficiency, increased resilience to climatic conditions, and increased durability. Thus, the growing use of cross-linked polyethylene cables offers a bright future for the world market for UV absorbers. UV absorbers are essential for preventing the deterioration of polymeric materials—such as cross-linked polyethylene cables—caused by exposure to ultraviolet (UV) light. Manufacturers can increase the longevity and performance of these cables, which lowers maintenance costs and boosts overall reliability, by adding UV absorbers during the production process. Consequently, it is anticipated that the demand for UV absorbers will increase as cross-linked polyethylene cables become more widely used. This pattern emphasises the value of UV protection in contemporary power infrastructure and the market's possible expansion opportunities for UV absorbers.

UV ABSORBER MARKET REPORT COVERAGE:

Global UV Absorber Market Segmentation: By Application

• Adhesives

• Coatings

• Personal Care

• Plastics, and Others

The Global UV Absorber Market Segmented by Application, Plastics held the largest market share in 2023 and is poised to maintain its dominance throughout the forecast period. The market is divided into Plastics, Coatings, Adhesives, Personal Care, and other segments based on the application. UV stabilisers shield the polymer from UV radiation's degradative effects as well as exposure to filtered daylight and fluorescent light. UV filters for coatings work similarly to lessen the harmful effects of sunlight. UV-sensitive products retain their colour brilliance and longevity when these products are applied to a surface. UV light is not blocked by them. Whenever sealants and adhesives are applied outside, light activity can have a detrimental impact on both performance and appearance. Discoloration and a loss of general physical attributes, such as joint strength, are the usual signs of UV damage.

Global UV Absorber Market Segmentation: By Types

• Benzotriazole

• Triazine

• Benzophenone and Others

The Global UV Absorber Market Segmented by Type, Benzophenone held the largest market in 2023 and is poised to maintain its dominance throughout the forecast period. The market is divided into three segments based on the product: benzophenone, benzotriazole, and triazine. Benzophenone finds application in coatings, adhesive formulations, and polymers as a UV curing agent. Additionally, benzophenone is utilised as a screen to shield cosmetics from UV radiation damage. Additionally, a particular corrosion inhibitor for copper and copper alloys is benzotriazole. It is currently frequently utilised to lessen these metals' corrosion in both atmospheric and submerged settings in a variety of chemical industries. In a similar vein, triazine is a model molecule with extensive commercial application, along with its derivative. For instance, in herbicides, resins, dyes, hair chemical products, or sulphide removal agents.

Global UV Absorber Market Segmentation: By Region

• North America

• Asia-Pacific

• Europe

• South America

• Middle East and Africa

The Global UV Absorber Market Segmented by Region, North America held the largest market share in the year 2023. Based on regional analysis, the global market for UV absorbers is split into four areas: North America, Europe, Asia Pacific, and the rest of the world. As a result of its substantial investment in R&D and cutting-edge technology, Asia-Pacific is anticipated to dominate the UV Absorbers Market in terms of both volume and value. The UV absorber market in North America is expected to develop at the quickest rate due to the region's rising industrialization and need from end-use industries like plastics and coatings. The use of UV absorbers in transportation plastic and coating processes is encouraged by the expansion of the automobile industry in Europe and Asia-Pacific countries, such as China, India, and Japan.

Latest Trends/ Developments:

Beijing Tiangong Auxiliary Co. Ltd. and Clariant AG joined forces to build a factory that produces textile and plastic stabilisers. Through this joint venture, process and light stabilisers are provided, leveraging both firms' technological and production know-how. Additionally, plastic additives were used by Shenzhen Xingshengdi New Materials Co., Ltd. in the manufacturing of 5G base stations for significant telecom providers. BASF's plastic additives provide UV protection for these base stations. When it comes to creating UV absorbers that can stabilise plastics against the detrimental effects of UV radiation, BASF has excelled.

Key Players:

1. BASF SE

2. Clariant AG

3. Huntsman International LLC

4. Everlight Chemical Industrial Corp

5. Rianlon Corporation

6. Greenchemicals SpA

7. Amfine Chemical Corporation

8. Hunan Chemical BV

9. Hangzhou Disheng Import & Export Co., Ltd.

10. Anhui Best Progress Imp & Exp Co.,Ltd