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Market Overview:
The UV Absorber Market size is estimated to reach $1.42 Billion by 2030, growing at a CAGR of 6.1% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “UV Absorber Market – By Product Type (Benzotriazole, Triazine, Benzophenone, and Others), By Application (Adhesives, Cosmetics, Plastics, Coatings, and Others), By End User (Construction, Personal Care, Agriculture, Automobile, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Growth in automotive & packaging applications and Advancements in renewable energy & agricultural films are expected to create growth opportunities in the market during forecast period.
APAC Dominated the Market in 2023:
APAC accounted for the largest share of 37% of the UV Absorber Market in 2023 followed by North America and Europe. The market for industrial UV absorbers in this area is expected to increase in industrialization and growth in end-use industries. It is anticipated that the growing automotive industry will boost demand for UV absorbers in automotive plastics, laminates and adhesives applications in this area.
UV Absorber Market: Key Takeaways
Rising Adoption in Automotive Coatings:
The automotive industry is increasingly using UV absorbers in coatings to enhance the durability and aesthetic appeal of vehicles. UV rays can cause fading, cracking, and degradation of automotive paints and interior components. UV absorbers, especially benzotriazole-based variants, protect these surfaces from harmful UV radiation, thus extending the life of coatings and preventing damage. The push for better automotive finishes and improved resistance to environmental factors has driven the adoption of UV absorbers in this sector, supporting market growth.
Advancements in UV Absorber Technologies:
Innovations in UV absorber formulations are focusing on creating more effective and long-lasting solutions, particularly for industries like automotive, coatings, and personal care products. Manufacturers are investing in research and development to produce UV absorbers with enhanced compatibility across different polymers, as well as improved resistance to high temperatures and environmental conditions. These advancements help address the growing need for performance-driven materials, particularly in harsh outdoor environments. With new applications emerging, the development of more efficient UV absorbers is set to be a major growth driver in the market.
For More Queries About "UV Absorber Market " @ https://www.industryarc.com/pdfdownload.php?id=500031
Scope of the Report:
Recent Developments:
• In October 2022, Songwon unveiled two new products, namely SONGSORB 1164 and SONGNOX 9228, tailored to cater to diverse customer demands across sectors such as agriculture, packaging, construction, and personal care.
• In October 2022, Clariant debuted AddWorks AGC 970, a cutting-edge light stabilizer solution designed specifically for polyethylene agricultural films. This innovation bolsters product longevity within the mulch sector, enabling converters to enhance film durability against UV exposure and aggressive agrochemical environments.
UV Absorber Market: Competitive Landscape
Key companies profiled in the UV Absorber Market are BASF SE, Songwon, Clariant AG, Solvay S.A., Adeka Corporation, SK Capital Partners (SI Group), Everlight Chemical Industrial Co., Milliken Chemical, Sabo S.p.A., Huntsman Corporation, and Others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
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Mr. Venkat Reddy
IndustryARC
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