UV Absorbers Market Estimated To Experience A Hike In Growth By 2027

Ultraviolet (UV) absorbers are materials used to limit the harmful effects of ultraviolet rays in polymers. These absorbers help enhance the durability, performance, and stability of materials such as wood, plastic, and polymers, by absorbing UV rays. These absorbers find application in the construction, automotive, adhesives, sealants, and agriculture purposes for UV protection.

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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This release was published on openPR.