UV Absorbers Market 2017 - Global Forecast to 2022
DUBLIN, September 19, 2017 /PRNewswire/ --
The "UV Absorbers Market by Type (Benzophenone, Benzotriazole, Triazine), Application (Plastics, Coatings, Adhesives, Personal Care), and Region (North America, Asia Pacific, Europe, South America, Middle East and Africa) - Global Forecast to 2022" report has been added to Research and Markets' offering.
The UV Absorbers Market Was Estimated to Be USD 690.0 Million in 2016 And is Projected to Reach USD 1,006.4 Million By 2022, at a CAGR of 6.5% from 2017 to 2022.
The growth of this market is mainly attributed to the rising awareness regarding the benefits of UV absorbers in varied applications, such as plastics, coatings, adhesives, and personal care, among others. Owing to the increasing applicability of UV absorbers, their demand is growing significantly across Asia Pacific, Europe, and North America. However, increasing price of UV absorbers and government regulations are restraining the growth of the UV absorbers market. Emerging countries such as India, China, and Brazil are considered price sensitive markets, and thus, they prefer using cheaper alternatives to organic UV absorbers.
The benzotriazole type of UV absorbers are extensively used in applications such as plastics, coatings, adhesives, and personal care, among others. They are typically used in outdoor applications as they demonstrate better performance in sunlight as compared to benzophenone. They have broad spectral coverage in both UV-A as well as UV-B region.
North America has the largest share of the UV absorbers market in terms of value as well as volume. This is owing to the significant presence of end-use industries in this region, which is expected to raise the demand for UV absorbers in coatings, packaging, and printing inks. Some of the drivers for this market are the increasing demand for UV absorbers in applications such as automotive plastics, packaging, agricultural films, coatings, adhesives, personal care, and printing inks, among others, and the increasing importance of these materials to protect the polymers.
Market Dynamics
Drivers
- Increasing Demand for Greenhouse Films in Agricultural Application
- Increasing Demand for Wood Coatings in North America
- Increasing Demand for UV Absorbers in Asia-Pacific
Restraints
- Fluctuating Cost of UV Absorbers
Opportunities
- Increasing Demand for Green Coatings
Challenges
- Stringent Government Regulations
- Increasing Use of Inorganic Nano Composite in UV Absorber
Companies Mentioned
- 3V Sigma S.P.A.
- Addivant
- Adeka Corporation
- Apexical, Inc.
- Basf Se
- Chemipro Kasei Kaisha, Ltd.
- Chitec Technology Co., Ltd.
- Clariant
- Dalian Richfortune Chemicals Co., Ltd.
- Double Bond Chemical Ind., Co., Ltd.
- Everlight Chemical Industrial Co.
- Everspring Chemical Co., Ltd.
- Huntsman Corporation
- Jingmen Meifeng Chemical Co., Ltd
- Lambson Limited
- Lycus Ltd., Llc
- Mayzo, Inc.
- Milliken Chemical
- MPI Chemie B.V.
- Nanjing Union Rubber And Chemicals Co., Ltd.
- Sabo S.P.A.
- Solvay
- Songwon
- Tianjin Jiuri New Material Co., Ltd.
- Valtris Specialty Chemicals
For more information about this report visit https://www.researchandmarkets.com/research/43v6lc/uv_absorbers
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