UV Absorber Market to Perceive Substantial Growth During 2025
Ultraviolet
(UV) absorber is a material that is used to absorb ultraviolet light
and release the 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. Different kinds of UV absorbers
are used depending on the substrate, intended functional life, and
sensitivity to UV degradation of the materials. UV absorbers also act
as UV stabilizer in neutral or transparent applications in order to
provide effective UV resistance for short-term exposures.
Read
Report Overview @
The
UV absorber market is primarily driven by the rise in demand from
applications such as automotive plastics, packaging, agricultural
films, coatings, adhesives, and personal care. Upsurge in usage of
plastics for various purposes drives the UV absorber market. It also
acts as an opportunity for research and development of innovative UV
absorbers. Rise in awareness about UV absorbers is expected to propel
the market. However, high cost of raw materials required to
manufacture UV absorbers is a hindrance to the growth of the market.
Furthermore, availability of inorganic UV absorbers, which are an
effective alternative to organic UV absorbers, is a key restraint to
the UV absorber market.
Based
on chemical class, the UV absorber market can be segmented into
benzophenone, benzotriazole and triazine. Among these, benzotriazole
is projected to be the dominant segment in the market during the
forecast period, owing to its wide application in plastics, coatings,
adhesives, and personal care products, and also its broad protection
coverage in UV-A and UV-B regions which are estimated to be very
harmful. Benzotriazole offers better protection against UV radiations
as compared to benzophenone, thus, benzotriazole is commonly used for
outdoor weathering applications.
Based
on end-use, the UV absorber market can be segmented into plastics,
coatings, adhesives, and cosmetic & personal care. The plastics
segment accounts for the dominant share of the market and is
anticipated to expand at a significantly rapid pace. Expansion of the
plastics application segment is primarily due to the rise in demand
for plastics from the packaging and agricultural films. Plastics such
as poly vinyl chloride and poly carbonate tend to degrade when
exposed to UV radiations. UV radiations initiate chemical reactions
in plastics that result in the breakdown and loss of chemical and
physical properties of plastics, thereby prompting the need of UV
absorbers. Furthermore, rapid development of the automotive industry
is expected to boost the demand for UV absorbers for coatings and
adhesives applications. The cosmetic & personal care segment is
also anticipated to grow in the near future due to rise in addition
of UV absorbers in cosmetic formulations for safeguard from the
adverse effects of UV radiations.
In
terms of geography, the UV absorber market can be segmented into
North America, Latin America, Asia Pacific, Europe, and Middle East &
Africa. In terms of value as well as volume, North America is
anticipated to constitute the dominant share of the UV absorber
market owing to technological maturity and high investment in R&D
in the region. Asia Pacific is estimated to be the fastest growing
market for UV absorber, due to rapid industrialization and demand
from end-use industries such as plastics and coatings in the region.
Expansion of the automotive industry in Europe and in countries such
as China, India, and Japan in Asia Pacific promotes the usage of UV
absorbers in automotive plastic and coating applications.
Request
to view Sample Report:
Key
players operating in the global UV absorber market include, BASF SE,
Songwon Industrial, Clariant, Solvay S.A., Adeka Corporation and
Addivant.
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Transparency
Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel:
+1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Comments
Post a Comment