During the forecast period, the value of
the UV absorber market is expected to increase by 6.5% cagr. In terms of value
and quantity, North America has the largest share of the UV absorber market.
It is estimated that by 2022, the UV
absorber market will reach USD 1,006.4 million, and the cagr from 2017 to 2022
will be 6.5%. This market growth is largely attributable to the growing
recognition of the benefits of UV absorbers in a variety of applications such
as plastics, coatings, adhesives and personal care.
Many cosmetic formulations use cosmetic UV
absorbers such as Avobenzone, Homosalate, Octyl Salicylate, Octocrylene and
Octyl Methoxy Cinnamate to prevent UV radiation, thereby reducing the amount of
color in the human body. High quality UV absorbers are incorporated into
cosmetic and personal care formulations and are used to enhance the
photostability of alcohol flavors, gels, colors, nail polishes and liquid
detergents. Consumers are increasingly recognizing the harmful effects of UV
radiation on human skin, which has led to the introduction of UV absorbers in
the cosmetics market.
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