Rise in Usage of Plastics for Various Purposes Expected to Drive Global Ultraviolet Light Absorber Market : Ken Research

Ultraviolet (UV) light absorber is a specific type of material, which is usually used to absorb the ultraviolet light and releases the energy in heat form. They are normally used to protect various materials by preventing the harmful UV light from degrading them, consequently enhancing the performance, service life, durability, and stability of the materials. Different types of UV absorbers are typically used depending on the substrate, expected life, and materials susceptibility to UV degradation. UV absorbers also proceed as UV stabilizer in neutral or transparent applications to provide very effective UV resistance for short-term exposures. The research & development (R&D) in the construction of nontoxic polymeric ultraviolet absorber with great resistance to ultraviolet photoaging provide great opportunities for UV absorber market over the forecast period.

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Referring to the study, Global Ultraviolet Light Absorber Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027. Some of the key companies operating in the global ultraviolet light absorber market include Everlight Chemical Industrial Co, BASF SE, Adeka Corporation, Dalian Richfortune Chemicals Co., Ltd., Songwon, Addivant, Huntsman Corporation, Clariant AG, Chemipro Kasei Kaisha, Ltd., Nanjing Union Rubber and Chemicals Co., Ltd., Solvay S.A, Milliken Chemical, Mayzo, Inc., MPI Chemie B.V., Double Bond Chemical Ind., Co., Ltd., Sabo S.p.A., Chitec Technology Co., Ltd., Lycus Ltd., LLC, Lambson Limited, Tianjin Jiuri New Material Co., Ltd., Double Bond Chemical Ind., Co., Ltd., Jingmen Meifeng Chemical Co., Ltd, 3V Sigma S.P.A. and among others. Various companies focus on product launches as well as product expansions as their key strategies for improving their market foothold.

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Based on types, ultraviolet light absorber market can be segmented as Benzotriazole, Benzophenone and Triazine. Benzotriazole segment dominates the global market owing to their extensive use in industries such as packaging, automotive, coatings, adhesives, and personal care, among others. In addition, based on application, market can be segmented as personal care, plastics, adhesives, coatings and others. Plastics segment is predicted to witness higher growth rate due to broad application in packaging, automotive and construction during the forecast period.

Rise in usage of plastics for various purposes, followed by growth in application in plastics & packaging and increase in use of UV absorbers in industrial hubs are some major factors, which are responsible for growth of the ultraviolet light absorber market. Apart from this, increase in environmental concerns of Benzotriazole UV absorber may impact the market. Moreover, rise in demand for green coatings is a leading opportunity for global market.

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Based on regional analysis, the Asia-Pacific is a leading region in global ultraviolet light absorber market owing to improvement in UV resistance, chemical properties, and durability of the substrate across the region. The North-America and Europe regions are estimated to witness higher growth rate due to rise in demand for wood coatings and high investment in R&D over the forecast period. It is projected that future of the global ultraviolet light absorber market will be bright on account of rise in demand for greenhouse films in agricultural applications and increase in use of nanotechnology in the coating industries during the forecast period.

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