Transparency Market Research
Cosmetic UV Absorbers Market Outlook:
Skin and hair gets damaged when exposed to UV rays emitted by the sun and other artificial lights. Hence, it is necessary to have certain additives added to personal care products to protect the skin from these harmful radiations. Cosmetic UV Absorbers are materials that are used to absorb these radiations and release their energy in the form of heat. These cosmetic UV absorbers act as a shield for UV radiations and are also popularly known as UV screeners. Thus, protecting the skin from various noxious effects of UV rays, such as wrinkling, burning, photo-damage, tanning and worst of all, skin cancer, are some of the key functions of cosmetic UV absorbers. Cosmetic UV absorbers are blended into various personal care products such as skin creams, sunscreens, shampoos, oils and colour cosmetics. Cosmetic UV Absorbers can be soluble as well insoluble depending upon the type of ingredients used in them. The market for cosmetic UV absorbers is attracting widespread recognition owing to its increasing demand and prerequisites in various personal care products.
Growth of Personal Care Products is driving the Market for Cosmetic UV Absorbers
In today’s competitive world, with increasing westernization and changing lifestyle, there is a significant increase in the consumer demand for beauty and personal care products. In addition, there is also an increase in awareness about the harmful effects of UV radiation to the skin. These are some of the key drivers of the cosmetic UV absorbers market. Furthermore, cosmetic UV absorbers have been gaining widespread popularity among cosmetics and personal care companies due to their ability to protect the skin from numerous detrimental effects, such as wrinkles, skin aging damage of collagen & elastic fibres and most importantly, skin cancer, which can be caused by chronic exposure of the skin to UV radiations. In addition, various R&D activities are being undertaken for cosmetic UV absorbers worldwide for improvement and advancements in terms of formulations, characteristics and other parameters which are likely to affect the product quality. The global cosmetic UV absorbers market is likely to showcase significant growth in the upcoming years owing to its vital applications, new developments and scope of expansion across various sectors.
Global Cosmetic UV Absorbers Market: Market Segmentation:
On the basis of nature, the global cosmetic UV absorbers market has been segmented as:
On the basis of application, the global cosmetic UV absorbers market has been segmented as:
On the basis of end use, the global cosmetic UV absorbers market has been segmented as:
Global Cosmetic UV Absorbers Market: Key Participants
The market participants in the global cosmetic UV absorbers market identified across the value chain include BASF SE; Croda International PLC; Everlight Chemical Industrial Corp.; Lycus Ltd.; Solvay S.A.; 3V Sigma SpA; Uniproma; Adeka Corporation; Labeyond Chemicals Co., Ltd.; Clariant Chemicals and Songwon Industrial. The key market players are focusing on business expansions through investment in research & development of new ingredients which in turn is promoting demand for cosmetic UV absorbers.
Opportunities for Participants in the Cosmetic UV Absorbers market:
The increased demand for products that safeguard the skin from harmful UV radiations is expected to boost the cosmetic UV absorbers market globally. With the cosmetic and personal care industry growing enormously each day and companies manufacturing more products containing cosmetic UV absorbers, the competition between market players is burgeoning, which is also likely to create lucrative opportunities for new entrants. Moreover, majority of the manufacturers of cosmetic UV absorbers now are getting involved in partnerships, tie-ups, acquisitions and joint ventures that will subsequently contribute to the growth of the cosmetic UV absorbers market. There is a demand for UV absorbers as these protect the skin from UV rays. At present, UV absorbers are used as one of the major ingredients in many anti-aging products like lotions, moisturizers, and gels. The high demand for anti-aging products with UV absorbers is expected to drive the global UV absorber market in personal care. Additionally, significant research is being carried out on cosmetic UV absorbers to develop advanced versions that are more soluble & water resistant, made from organic & safe products and available at lower prices. Thus, widespread applications, crucial skin benefits, key developments and increasing competition are among factors driving the global cosmetic UV absorbers market.
Brief Approach to Research
The analysis will be carried out using a modelling-based approach and triangulation methodology to estimate data covered in this cosmetic UV absorbers report. A detailed market understanding and assessment of the product, nature and end use of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level and consolidated & synthesised at a global level to estimate the overall market size.
Key Data Points Covered in the Report
Some of the key data points covered in our report include:
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
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