Press release
UV Absorbers Market Estimated To Experience A Hike In Growth By 2027
UV Absorbers Market
Rapid growth of various end-use industries such as construction and automotive coupled with growing awareness about the benefits of UV absorbers is projected to propel growth of the market globally. However, stringent government policies and rising price of UV absorbers pose as major restrains for the market growth.
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The UV absorbers market in Asia Pacific is expected to witness substantial growth over the forecast period. Owing to the growing industrialization, and growing construction and automotive sectors in this region Furthermore, economic growth in Japan, China, and India has increased the demand for the automobiles, thereby boosting the market for UV absorbers.
UV Absorbers Market Taxonomy
On the basis of chemistry, the UV absorbers market can be segmented into:
Benzotriazole
Triazine
Benzophenone
Others
On the basis of application, the UV absorbers market can be segmented into:
Coatings
Plastics
Personal Care
Adhesives
Others
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Some of the major players operating in the UV absorber market are BASF SE, Huntsman Corporation, Clariant AG, Solvay S.A., Everlight Chemical Industrial Co., Songwon, Adeka Corporation, Milliken Chemical, Addivant, SABO S.p.A., Lambson Limited, Lycus Ltd., and Mayzo, Inc.
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