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UV Absorber Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global UV Absorber Manufacturers and the market is segmented by types (benzotriazole, triazine, benzophenone, and others), application (adhesives, coatings, personal care, plastics, and others) and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

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Ultraviolet (UV) Absorber Market Size

uv absorber market overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

uv absorber market major players

*Disclaimer: Major Players sorted in no particular order

Ultraviolet (UV) Absorber Market Analysis

The market for UV absorber is expected to grow at a CAGR of more than 5% globally during the forecast period. Ultraviolet (UV) absorber is a material that is used to absorb ultraviolet light and release 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. They also act as UV stabilizers in neutral or transparent applications in order to provide effective UV resistance for short-term exposures. The growing product application in automotive plastics and packaging has been driving the market growth.

However, the environmental concern i.e. persistent organic pollutants (POPs) related to benzotriazole type of UV absorber and the outbreak of coronavirus are anticipated to pose a challenge in the growth of the UV absorber market during the forecast period.

The research and development in the construction of nontoxic polymeric UV absorber with great resistance to UV photoaging offer great opportunities for the UV absorber market over the next five years.

Asia-Pacific region dominates the market, owing to growing application of UV absorber in automotive plastics, packaging application, and renewable energy, which augment the demand for UV absorber.

Ultraviolet (UV) Absorber Market Trends

This section covers the major market trends shaping the UV Absorber Market according to our research experts:

Plastic to Dominate the Market

  • Plastic stands to be the dominating segment owing to the broad application in automotive, packaging, construction and among others.
  • UV absorber is used for outdoor applications due to its better performance and broad spectral coverage in both UV-A as well as UV-B region.
  • Plastics such as polyvinyl chloride and polycarbonate tend to degrade when exposed to UV radiation. 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 for UV absorbers
  • Initiatives beneath Clean Energy Ministerial (CEM) like electric vehicle initiative and growing popularity of electric vehicles are likely to increase the consumption of plastic in the automotive industry subsequently utilization of UV absorber in plastic is anticipated to grow.
  • North American countries like Unites States, Canada and Mexico have been recording rise in residential construction projects, which is likely to drive the consumption of UV absorber in region.
uv absorber market trends

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region stands to be the dominating market for UV absorber. Factors, such as it improves the chemical properties, UV resistance, and durability of the substrate which is expected to propel the market growth.
  • Increasing applications of UV absorber in many industries including automotive, packaging, coating, construction, personal care and among others is expected to propel the demand for UV absorber.
  • The Asian region is the largest manufacturer of plastic components that are used in automotive and packaging. The region also possesses an established automotive manufacturing industry with more approximately 50% of the world's manufacturing in the region.
  • Valuable attributes of UV absorber are eco-friendly use, low VOC emission, and high solid content that make it a preferred option in wood coatings application. Countries like China, Japan and India are major producers of paints & coatings in the Asia-Pacific region.
  • Further, the increasing government investments on infrastructure expansion by nations like China, India, Indonesia, and Vietnam, etc. are providing a thrust to the application of the UV absorber market.
  • Hence, all such market trends are expected to drive the demand for UV absorber market in the region during the forecast period.
uv absorber market analysis

Ultraviolet (UV) Absorber Industry Overview

The global UV absorber market is fragmented in nature with number of players operating in the market. Some of the major companies are Rianlon Corporation, SABO S.p.A, Clariant, BASF SE and Solvay amongst others.

Ultraviolet (UV) Absorber Market Leaders

  1. Rianlon Corporation

  2. SABO S.p.A

  3. Clariant

  4. BASF SE

  5. Solvay

*Disclaimer: Major Players sorted in no particular order

Rianlon Corporation, SABO S.p.A, Clariant, BASF SE, Solvay.
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Ultraviolet (UV) Absorber Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Application in Plastics and Packaging

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Environmental Concerns of Benzotriazole UV Absorber

      2. 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Types

      1. 5.1.1 Benzotriazole

      2. 5.1.2 Triazine

      3. 5.1.3 Benzophenone

      4. 5.1.4 Others

    2. 5.2 Application

      1. 5.2.1 Adhesives

      2. 5.2.2 Coatings

      3. 5.2.3 Personal Care

      4. 5.2.4 Plastics

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Amfine Chemical Corporation

      2. 6.4.2 Anhui Best Progress Imp & Exp Co.,Ltd

      3. 6.4.3 BASF SE

      4. 6.4.4 Clariant

      5. 6.4.5 Everlight Chemical Industrial Corp,

      6. 6.4.6 Greenchemicals SpA

      7. 6.4.7 Hangzhou Disheng Import&Export Co., Ltd.

      8. 6.4.8 Hunan Chemical BV

      9. 6.4.9 Huntsman International LLC

      10. 6.4.10 Mayzo

      11. 6.4.11 Milliken Chemical

      12. 6.4.12 NYACOL® Nano Technologies Inc

      13. 6.4.13 Partners in Chemicals

      14. 6.4.14 Rianlon Corporation

      15. 6.4.15 SABO S.p.A

      16. 6.4.16 Solvay

      17. 6.4.17 Suqian Liansheng Technology Co., Ltd.

      18. 6.4.18 The Cary Company

      19. 6.4.19 Tiangang Auxiliary Co., Ltd

      20. 6.4.20 Suqian Liansheng Technology Co., Ltd.

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Construction of Nontoxic Polymeric UV-Absorber with Great Resistance to UV-Photoaging

    2. 7.2 Other Opportunities

**Subject to Availability
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Ultraviolet (UV) Absorber Industry Segmentation

The UV absorber market report include:

Types
Benzotriazole
Triazine
Benzophenone
Others
Application
Adhesives
Coatings
Personal Care
Plastics
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Ultraviolet (UV) Absorber Market Research FAQs

The UV Absorber Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Rianlon Corporation, SABO S.p.A, Clariant, BASF SE and Solvay are the major companies operating in the UV Absorber Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in UV Absorber Market.

The report covers the UV Absorber Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the UV Absorber Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

UV Absorber Industry Report

Statistics for the 2023 UV Absorber market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. UV Absorber analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

UV Absorber Market Report Snapshots

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UV Absorber Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)