Global Avobenzone Market Expectation Surges with Rising Demand and Changing Trends through 2030

Avobenzone is a chemical sunscreen agent that prevents direct radiation from sunscreen and protects the skin from UVA and UVB rays. Avobenzone is also oil-soluble which allows its usage in the sunscreen, as it can easily combine with other active ingredients. Ultraviolet rays are responsible for the premature ageing, skin cancer and signs of solar elastosis. Avobenzone has an absorption spectrum of a maximum of 357 nm and absorbs into the skin as soon as it is applied in order to block the UV rays.

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Avobenzone is the FDA approved chemical like other chemicals and able to absorb ultraviolet rays over a wider range of wavelengths than many other sunscreen agents. Avobenzone is converted as the formula for the dominant sunscreen agent manufacturing Industries. Due to less number of applications, it is only using in beauty and personal care industry. Avobenzone’s limited uses as a chemical allow it convention in only beauty and personal care, making it vulnerable to more research and development owing to its unknown benefits.

COVID-19 Impact Insights

Covid-19 pandemic has negatively affected every aspect of life and Industries globally. The global avobenzone market is also affected due to several restraining factors such as unavailability of man force, non-operational manufacturing units in lockdown, scarcity of materials, financial constraints and others. Due to lower demand in the cosmetic sector in lockdown, several sunscreen ingredient markets are shuttered in certain regions. There was sluggish demand for the sun protection products in North America and some countries of Europe.

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Analyst Viewpoint

“During the forecast period, the avobenzone is geared to expand positively. However, sales are foreseen to witness a decline in 2020 due to the effects of the COVID-19, but the prospects of resumption of manufacturing operations continue to boost the avobenzone market”

Segmentation Analysis of Avobenzone Market

The global avobenzone market is bifurcated into three major segments: Available purity,
Application, Companies and global split.

Based on the available purity, avobenzone market is segmented as follows:
• Less than 98%
• 98%-99%
• More than 99%

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Based on Applications, avobenzone market is segmented as follows:
• Pharmaceuticals
• Cosmetics and Personal Care
• Cream
• Lotion
• Spray
• Others

Based on a global split, avobenzone market is segmented as follows:
• North America
• Europe
• Latin America
• East Asia
• South Asia and Oceania
• Middle East & Africa

Avobenzone Market Insights by Application

Health care and personal care industries are using the products of avobenzone chemical to protect skin from toxic agents like other inorganic chemicals. UVA rays are harmful rays which attack directly from the sun and later responsible for the skin cancers, early ageing and wrinkles etc. With the increasing diseases and inorganic chemicals, avobenzone is changed as the alternative for the chemicals with fewer side-effects. With the changing global trends, these chemicals come into market under various brand names by key players.

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Avobenzone Market: Key players

Below are some key players pertaining to avobenzone market:
• Abcam
• Adina
• Underwriters Laboratories (UL)
• Chromservis s.r.o.
• Dermtek Pharmaceuticals Ltd
• LGC Limited
• Guinama

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This release was published on openPR.