UV Filter Market Is Anticipated To Grow At Cagr Of 6% By 2030

The UV Filter market is projected to record a CAGR of 6.2% throughout the assessment period, 2020-2030, according to a new study by Fact. MR. The expansion can be mainly ascribed to extensive usage in sun protection lotions and cosmetic items. Growing awareness among consumers about ozone layer depletion and climate change is further anticipated to create opportunities for UV filter manufacturers during the assessment period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.factmr.com/connectus/sample?flag=S&rep_id=3829?PS

𝐔𝐕 𝐅𝐢𝐥𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 - 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• The global UV filter market is currently valued at US$ 607 Mn
• North America is anticipated to hold maximum sway in the global market, followed by Europe.
• Creams formulation segment will be accounting for 50% of the market share in the global market.
• Dibenzoyl derivatives under the organic type will reflect lucrative growth prospects during the forecast period.

𝐔𝐕 𝐅𝐢𝐥𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 - 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐅𝐚𝐜𝐭𝐨𝐫𝐬

• Growing concerns and rising awareness regarding skin-related diseases and skin cancer continues to be a key driver.
• Rise in the uptake of skin care products led by changes in climate will generate lucrative opportunities in the market.
• Increasing adoption of anti-aging products is complimenting overall demand for UV filters.

𝐔𝐕 𝐅𝐢𝐥𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 - 𝐂𝐨𝐧𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬

• Stringent government regulations are creating bottlenecks for widespread adoption.
• Fusion with synthetic components results in side effects will continue to be major impediment in the global market.
• Anticipated Market Impact by COVID-19 Outbreak

The UV filter market has foreseen a contraction in demand mainly because of reduction in requirement for grooming together with change in consumer's spending behavior. On the other hand, in the fourth quarter of 2020, the market is witnessing a recovery, which is likely to create significant opportunities in the long run.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: https://www.factmr.com/connectus/sample?flag=RC&rep_id=3829?PS?

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The global market for UV Filter is highly fragmented, with key players such as Symrise AG, BASF, Koninklijke DSM N.V., Sunjin Beauty Science Co. Ltd., Ashland, Croda International PLC, MFCI CO., LTD and Salicylates and Chemicals Pvt. Ltd. Key players have implemented organic strategies in some of the leading markets globally. For example, BASF a leading UV Filter manufacturer declared the debottlenecking and expansion at its manufacturing sites in Grenzach & Ludwigshafen.

𝐌𝐨𝐫𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭

The Fact.MR's market research report provides in-depth insights into the UV filter market. The market is scrutinized based on type [organic (PABA, salicylates, cinematic, benzophenones, triazine and triazole derivatives, dibenzoyl derivatives, benzimidazole sulfonic acid derivatives, camphor derivatives, anthranilates, polysilicon-15), inorganic (titanium dioxide, zinc oxide)], SPF (SPF 6-14, SPF 15-30, SPF 31-50, SPF 50+), and formulation (creams, gels, lotions, powder, wipes, sprays, others), across five major regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)).

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This release was published on openPR.