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UV Absorbers Market by Type, Application And Region - Global Forecast to 2022

UV Absorbers Market: Global Forecast until 2022

  • August 2017
  • 142 pages
  • ID: 5091908
In this report:
North America held ##.##% share of the benzophenone-based UV absorbers market in 2016, and is expected to record a CAGR of ##.##%, in terms of volume and ##.##%, in terms of value, during the forecast period.
In terms of volume, the triazine segment is expected to record a CAGR of ##.##% to reach a market size of ##.## kilotons in 2022.

Summary

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The UV absorbers market is estimated to rise at a compound annual growth rate of 6.50 percent during the forecast period, in terms of value importance.

The UV absorbers market was projected to be $690.00M in 2016 and is projected to extend $1006.40M by 2022, at a compound annual growth rate of 6.50 percent between 2017 and 2022. The increase of this market is essentially attributed to the growing awareness concerning the benefits of UV absorbers in varied applications, including plastics, coatings, adhesives, and personal care, among others. Due to the growing applicability of UV absorbers, their demand is increasing significantly across Asia Pacific, EU, and North America continent. Nevertheless, rising price of UV absorbers and government regulations are selecting the rise of the UV absorbers market. Emerging countries including India, China (CN), and Brazil (BR) are considered price sensitive sectors, and thus, they prefer using cheaper alternatives to organic UV absorbers.

The benzotriazole type of UV absorbers is forecasted to witness the highest increase during the outlook period, in terms of both value and quantity.

The benzotriazole type of UV absorbers are extensively used in applications including plastics, coatings, adhesives, and personal care, among others.They are typically used in outdoor applications as they demonstrate better performance in sunlight as distinguished to benzophenone.

They have broad spectral coverage in both UV-A as well as UV-B area.

North America area has the most important share of the UV absorbers market.

North America (NA) has the biggest share of the UV absorbers market in terms of value as well as volume.This is due to the significant presence of end-use sectors in this area, which is anticipated to raise the industry demand for UV absorbers in coatings, packaging, and printing inks.

Some of the drivers for this sector are the growing demand for UV absorbers in applications including automotive plastics, packaging, agricultural films, coatings, adhesives, personal care, and printing inks, among others, and the rising importance of these materials to protect the polymers.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were conducted as follows:

• By Company category: Tier 1 (43.0 percent), Tier 2 (43.0 percent), and Tier 3 (14.0 percent)

• By Description: C-suite (42.0 percent), D-suite (29.0 percent), and Others (29.0 percent)

• By Area: North America continent (43.0 percent), Europe (EU) (29.0 percent), Asia Pacific (APAC) (14.0 percent), Middle East (ME) & African continent (8.0 percent), and South America region (6.0 percent)

Key competitors decribed in the analysis contain BASF SE, Huntsman (NYSE:UN), Clariant (CLN), Solvay (SOLB), Everlight Chemical Industrial Co., Songwon, Adeka Corporation, Milliken Chemical, Addivant, SABO S.p.A., Lambson Limited, Lycus Ltd., LLC., Mayzo, Inc., Everspring Chemical Co., Ltd., Chitec Technology Co., Ltd., MPI Chemie B.V., Double Bond Chemical Ind., Co., Ltd., Valtris Specialty Chemicals, Tianjin Jiuri New Material Co., Ltd., Jingmen Meifeng Chemical Co., Ltd, Nanjing Union Rubber and Chemicals Co., Ltd., Apexical, Inc., Chemipro Kasei Kaisha, Ltd., Dalian Richfortune Chemicals Co., Ltd., and 3V Sigma S.p.A..

Segment Research

This industry report includes the UV absorbers market, in terms of quantity and value, and forecasts the market value until 2022.The market research includes industry segmentation established on category, application, and area.

It also offers company analysis and competitive landscape approved by top players in the UV absorbers market.

Main highlights

This market research is mostly focused on different levels of analysis-industry trends, market share study of main actors, supply chain research, and company descriptions, which together comprise and examine the global views on the competitive landscape; coming out and high-growth segments of the UV absorbers market; high-growth areas; and sector drivers, market restraints, alternatives, and opportunities.

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