PUNE, India, August 22, 2017 /PRNewswire/ --
According to a new market research report"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," published by MarketsandMarkets™, the market was valued at USD 690.3 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.
Browse 101 Market Data Tables and 28 Figures spread through 157 Pages and in-depth TOC on "UV Absorbers Market"
Early buyers will receive 10% customization on this report
The use of UV absorbers has increased in plastics application owing to the high demand from industries such as packaging and agricultural films. In addition, the rapidly growing automotive industry is expected to increase the demand for UV absorbers in coatings and adhesives applications. Personal care and printing inks are the other applications which consume UV absorbers.
The benzotriazole type of UV absorbers accounted for the largest share of the UV absorbers market in 2016.
The benzotriazole type of UV absorbers is estimated to be the largest type segment of the UV absorbers market, in terms of both value and volume. This high market share is mainly attributed to its usage across various applications, such as plastics, coatings, adhesives, printing, and personal care, among others. These are typically used for outdoor applications owing to its better performance and broad spectral coverage in both UV-A as well as UV-B region. These properties of benzotriazole are expected to foster the growth of this type of UVA in the UV absorbers market.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=39452163
The demand for UV absorbers in plastic application is expected to grow at the highest CAGR during the forecast period.
The plastic application segment is expected to register the highest growth, in terms of both value and volume during the forecast period. Plastics tend to degrade when exposed to UV radiations. To prevent the photodegradation of plastics, UV absorbers are used in combination with HALS. It improves the chemical properties, UV resistance, and durability of substrate. UV absorbers in plastics are majorly driven by the demand from industries such as automotive plastics, packaging, and agricultural films.
The UV absorbers market in Asia Pacific is expected to grow at the highest CAGR during the forecast period.
Asia Pacific is the third largest market for UV absorbers, in terms of both value and volume, but is expected to the fastest-growing market, followed by North America and Europe. Increasing industrialization and growth in end-use industries is expected to increase the demand for UV absorbers in this region. The growing automotive industry is expected to drive the demand for UV absorbers in automotive plastics, coatings, and adhesives applications in this region. Lesser number of regulations in this region is a driver for the UV Absorbers Market in this region. Moreover, rising awareness regarding the benefits of UV absorbers has further contributed to their high demand in Asia Pacific countries, such as China, Japan, and India.
Inquiry before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=39452163
Key players in the UV absorbers market
Key players operating in the UV absorbers market include BASF SE (Germany), Songwon (South Korea), Clariant AG (Switzerland), Solvay S.A. (Belgium), Adeka Corporation (Japan), Addivant (US), Everlight Chemical Industrial Co. (Taiwan), Milliken Chemical (US), Sabo S.p.A. (Italy), and Huntsman Corporation (US).
Browse Related Reports
UV Stabilizers Market by Type (HALS, UV Absorbers, and Quenchers), Application (Automotive, Packaging, Agriculture, Building & Construction, Adhesives & Sealants), Region (Asia-Pacific, North America, Europe, and RoW) - Global Forecast to 2021
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Email: [email protected]
Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets