Market definition :

Ultraviolet absorbers or UV absorbers are protective materials that can use chemical reactions to convert absorbed ultraviolet light into low-impact heat and energy. This material is typically used in the 290-350 nanometer range and protects the polymer from degradation due to UV light.

Market overview:

According to SDKI analysis, the market size of the UV absorbers market is valued at approximately USD 860.5 million in 2023. The market is also projected to reach approximately USD 1,821.8 million by 2036, growing at a CAGR of approximately 6.45% during the forecast period. Our analysis finds that the demand for polyurethane (PU) UV absorber additives is expected to drive market growth during the forecast period. Polyurethane is used in the production of various automotive parts. However, these final products tend to deteriorate when exposed to heat and light.

Therefore, leading companies are introducing UV absorber additives suitable for use in polyurethane. One example is Milliguard UVX UV absorbers, a product line from Milliken & Co. that was demonstrated at Foam Expo Europe 2018. This product is described as protecting his PU from deterioration and yellowing due to exposure to UV light.

However, some types of UV absorbers based on benzotriazole exhibit properties similar to persistent organic pollutants (POPs), raising environmental concerns and restraining market growth.

Detailed market research report links are available at: : https://www.sdki.jp/reports/uv-absorber-market/85886

the latest news

Our analysts also note recent developments of key players in the growth of the UV absorbers market. these are:

• In June 2019, BASF SE announced that its plastic additive Tinuvin 360 was used in Shenzhen Xingshengdi New Materials Co., Ltd's 5G base stations to resist degradation and weathering caused by strong sunlight. .
• In October 2020, Royal DSM announced that UV-B absorber Parsol SLX has received new quasi-drug approval for external use on the skin.

UV absorbers market segment

According to our UV absorbers market analysis, based on end user, it is segmented into Construction, Personal Care, Agriculture, Automotive, and Others. Out of this, the construction segment is expected to hold the largest market share around 33% during the forecast period. Additives such as UV absorbers are often used to protect membranes made from plastic-coated fibers and polymer sheets used in the construction industry.

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Regional overview of the UV absorbers market

Due to the expansion of the automotive industry in many places in the European region, the market size and share analysis of UV absorbers in the European region is expected to reach up to 20% during the forecast period. For example, in the European Union (EU), the number of new car registrations increased by approximately 15% in October 2023 alone.

The Japan UV absorbers market is set to grow due to the large number of construction activities taking place in different regions of the country. For example, it is estimated that more than 860,000 housing units will be built in Japan in 2022.

Key players in the UV absorbers market

The key players in the UV absorbers market are:

• BASF SE
• SABO SpA
• Greenchemicals Srl
• Hunan Chemical BV
• Milliken & Company

Here are the top 5 players in the Japanese market:

• NIPPON SHOKUBAI CO., LTD.
• Otsuka Chemical Co., Ltd.
• Daiwa Fine Chemicals Co., Ltd.
• ADEKA Co., Ltd.
• FUJIFILM Corporation

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