UV Absorbers Market, by Type (Benzophenone, Benzotriazole, Triazine), Application (Plastics, Coatings, Adhesives, Personal Care, Others) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022
UV absorbers are type of polymer additives that function by improving the performance, durability, stability and shelf life of plastics, polymers and wood substances. Components used in construction, automotive, agriculture and adhesives should be highly durable to showcase high performance capabilities.
Hence, the UV absorbers market is growing a…ecasted period. UV absorbers are most often used in transparent surfaces to ensure that the substance is efficiently protected from UV rays. This report studies the current and future aspects of the UV absorbers market.
The report on the global UV absorbers market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions.
It also focuses on the growth drivers and restraints for the key market players during the forecast period.
KEY PREMIUM INDUSTRY INSIGHTS
- The UV absorbers offer various benefits to the substances they are applied to such as makes the surface more durable, stable, protects from exposure to UV rays, and increases the shelf life of the product. The rise in awareness about the benefits of using UV absorbers is promoting the market growth. Apart from being used in construction, agriculture or automotive sectors, UV absorbers are also used in industries like rubber, textiles and printing inks.
- These additional benefits have created newer growth opportunities for the market. In addition, the performance of surfaces and components increases significantly on applying UV absorbers. This feature is contributing towards the growth of the market.
- However, high cost of raw materials of UV absorbers is hampering the growth of the market. Moreover, availability of inorganic UV absorbers is acting as an effective alternative to organic UV absorber which is also acting as a major market restraint.
The UV absorbers market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The Asia Pacific region holds the highest market share and is the largest revenue contributor of the UV absorbers market.
The region continues to dominate the global market due to increase in industrialization and use of UV absorbers in majority of the industrial sectors . UV absorbers are mostly applied on plastics, and plastics are used extensively in automotive, packaging, and agricultural applications; hence, the market is growing substantially in this region.
This report analyzes the UV absorbers market by the following segments:
- UV Absorbers Market, by Type
- UV Absorbers Market, by Application
- Personal Care
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