What is the Forecast for UV Filter Sales Over the Decade

The global UV Filter Market is valued at US$ 17.86 billion in 2023 and is expected to grow to US$ 31.23 billion by the end of 2033. According to Fact.MR, a market research and competitive intelligence service, UV filter suppliers should focus on East Asia and South Asia & Oceania to maximize returns with lowest effort.

The high frequency of skin illnesses, combined with increased knowledge of the benefits of using sun protection products with UV filters, is expected to promote UV filter sales throughout the research period. India, China, Brazil, South Korea, and the United States are expected to provide very profitable commercial opportunities for UV filter vendors over the next decade and beyond.

For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=3829

Key Segments of UV Filter Industry Research Report

On the flip side, the presence of strict government norms to regulate the production and sales of UV filters is forecasted to hinder market growth over the coming years. Growing focus on sustainability will shed light on the hazardous effects of UV filters on the environment such as coral bleaching thereby limiting shipments of UV filters to a certain extent through 2033.

Key Takeaways from Market Study

In 2023, the global UV filter market is expected to be worth 17.86 billion US dollars.
From 2023 to 2033, demand for UV filters is expected to increase at a 5.7% CAGR.
The market is expected to reach $31.23 billion by the end of 2033.
Key market drivers include rising spending on personal care goods, increased awareness of skin illnesses, rising melanoma prevalence, and the widespread availability of innovative sun care solutions.
Concerns about the negative impacts of UV filters on the environment, as well as government laws limiting their sales, are expected to stymie industry growth in the future.
North America is expected to have a prominent position in the worldwide market throughout the forecast period.
The demand for organic UV filters is expected to generate $25.11 billion in sales by the conclusion of the study period.
UV filter sales in Australia and New Zealand are expected to total US$ 90.5 million in 2023.
UV filter sales in Germany are expected to increase at a 6.5% CAGR from 2023 to 2033.

"Organic UV filter demand is projected to boom over the coming years and companies should focus on capitalizing this market opportunity," says a Fact.MR analyst

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/3829/uv-filter-market

Winning Strategy

UV filter makers should invest in R&D for eco-friendly filters that have no negative influence on human health and the environment. UV filter companies should also work on expanding their reach into new regions and nations in order to capitalize on untapped potential and achieve a competitive advantage in the global marketplace.

Key Companies Profiled

DSM
Ashland
Croda International Plc
BASF
Clariant AG
SUNJIN BEAUTY SCIENCE Co. Ltd.
Sensient Cosmetic Technologies
Symrise
Stepan Company
Salicylates and Chemicals Pvt. Ltd.
MFCI
Hallstar
Uniproma

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

Competitive Landscape

UV filter firms are continually developing and introducing unique filtration solutions to increase their sales potential and get a competitive advantage over other UV filter brands in the near future.

In March 2023, Royal DSM, a Dutch multinational firm, introduced a UVA filter that also provides SPF protection. The development of Parsol DHHB (Diethylamino hydroxybenzoyl hexyl benzoate) has enabled firms to develop multifunctional products with strong UV shielding properties.

Symrise, a well-known provider of active chemicals and raw materials, will launch a cutting-edge UVB screen in October 2022. The Neo Heliopan EHT (Ethylhexyl Triazone) filter is ideal for applications needing water resistance and high SPF protection, meeting customer expectations for modern and efficient sun care solutions.

UV filter producers are also prioritizing the expansion of their manufacturing capacity to fulfill the growing global demand for UV filters.

BASF, a leading chemical and material provider, will begin production at its new UV filter plant in Jinshan, China, in September 2023. This strategic initiative strengthens the supply chain for personal care ingredients in the Asian area, demonstrating the company's commitment to satisfying market demands.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global UV filter market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).

The study divulges essential insights on the market based on type (organic, inorganic), SPF (SPF 6 to 14, SPF 15 to 30, SPF 31 to 50, SPF 50+) and formulation (gels, creams, lotions, sprays, powder, wipes), across six major regions of the world (North America, Europe, Latin America, East Asia, South Asia & Oceania, and the Middle East & Africa).

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

𝐀𝐛𝐨𝐮𝐭 𝐅𝐚𝐜𝐭.𝐌𝐑

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.