UV Filter Market Growth, Size, Trends, Demand, Revenue, Share, Challenges and Future Outlook
UV Filter Market Size- By Product Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: CHEM23100 | Pages: 1 - 225 | Formats*: |
| Category : Chemical & Materials | |||
UV Filter Market Introduction and Overview
According to SPER Market Research, the Global UV Filter Market is estimated to reach USD 17.90 billion by 2033 with a CAGR of 5.8%.
The report includes an in-depth analysis of the Global UV Filter market, including market size and trends, product mix, distribution channels, and supplier analysis. UV filters filter out UV light by absorbing it before it reaches the subject. Sunscreens are a major use for UV filters because they protect skin from sunburn and other UV-related harm. Before the invention of digital cameras, glass discs attached to camera lenses were covered with UV filters to keep hardware safe. In the coming years, it is also anticipated that the depletion of the ozone layer and climate change will increase demand for UV filters.
- December 19, 2019 – Leading manufacturer of UV filters worldwide, BASF SE increased its UV filter production capacity at Grenzach and Ludwigshafen to satisfy growing demand from local and international customers. The company intends to service the value chains of Uvinul T150 UV filters, Tinosorb S, and Uvinul A Plus with this expansion.
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Market Opportunities and Challenges
Opportunities: The long-term growth of the UV filter market is also expected to be supported by rising awareness of the advantages of UV filters for skin and growing demand for sun care products. Further expansion of the market for UV filter distributors is anticipated due to the growing use of organic UV filters in various personal care and cosmetics formulations.
The global UV filter market is expected to be driven in the near future by the growing worries about skin cancer and other skin-related ailments. UV filters offer protection against sunburns, tanning, and other skin conditions. UV filters assist in reflecting or absorbing UV light to shield the skin from the damaging effects of UV radiation. The demand for sunscreen lotions is increasing due to increased awareness of skin illnesses
Challenges: The global UV filter market is competitive due to the existence of a diverse set of multinational and regional companies. UV filters are widely utilized around the world due to changes in climatic conditions and increased public awareness of dangerous skin disorders. The global UV filter market includes well-established cosmetic distribution channels that aid in the flow of products to end users.
Coral bleaching is another significant negative effect of the usage of inorganic and harmful UV filters, which may restrict market expansion to some extent as the emphasis on sustainability and environmental conservation grows. This is why UV filter makers should invest in the research and development of unique UV filters that are both effective and safe for the environment and humans. UV filter start-ups can make a lot of money if they create revolutionary UV filters that overcome all of the problems associated with standard UV filters.
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Market Competitive Landscape
Global UV Filter market is extremely consolidated. some major companies in the UV Filter market are Advance NanoTek Limited, Ashland, BASF SE, Dow, Hallstar, Kobo Dynamic, L'Oréal Group, Novacap, DSM and others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Application |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Advance NanoTek Limited, Ashland, BASF SE, Dow, Hallstar, Kobo Dynamic, L'Oréal Group, Novacap, DSM and others. |
COVID-19 Impact on Global UV Filter Market
The COVID-19 pandemic has had a negative impact on the global UV filter business. The global beauty sector (which includes skin care, colour cosmetics, hair care, fragrances, and personal care) was harmed by the COVID-19 crisis during lockdowns due to a significant fall in demand for these items. However, it is expected that the removal of regulations will improve the beauty business in the near future. As a result, the global UV filter market is expected to grow.
Key Target Audience
- Cosmetic and Skincare Manufacturers
- Dermatologists and Healthcare Professionals
- Retailers and Distributors
- Regulatory Authorities
- Research and Development Professionals
- Marketing and Advertising Agencies
- Consumers
- Suppliers of UV Filter Ingredients
- Environmental and Health Organizations
- Market Analysts and Investors
Our in-depth analysis of the UV Filter Market includes the following segments:
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| By Application: |
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| By Region: |
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Key Topics Covered in the Report
- Global UV Filter Market Size (FY’2023-FY’2033)
- Overview of Global UV Filter Market
- Segmentation of Global UV Filter Market By Product Type (Organic, Inorganic)
- Segmentation of Global UV Filter Market By Application (Sunscreens, Oils, Others)
- Statistical Snap of Global UV Filter Market
- Expansion Analysis of Global UV Filter Market
- Problems and Obstacles in Global UV Filter Market
- Competitive Landscape in the Global UV Filter Market
- Impact of COVID-19 and Demonetization on Global UV Filter Market
- Details on Current Investment in Global UV Filter Market
- Competitive Analysis of Global UV Filter Market
- Prominent Players in the Global UV Filter Market
- SWOT Analysis of Global UV Filter Market
- Global UV Filter Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global UV Filter Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global UV Filter Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global UV Filter Market
7. Global UV Filter Market, By Product Type (USD Million)
7.1. Global UV Filter Market Value Share and Forecast, By Product Type, 2023-20337.2. Organic7.3. Inorganic
8. Global UV Filter Market , By Application (USD Million)
8.1. Global UV Filter Market Value Share and Forecast, By Application, 2023-20338.2. Sunscreens8.3. Oils8.4. Others
9. Global UV Filter Market Forecast, 2019-2033 (USD Million)
9.1. Global UV Filter Market Size and Market Share
10. Global UV Filter Market, By Product Type, 2019-2033 (USD Million)
10.1. Global UV Filter Market Size and Market Share By Product Type (2019-2026)10.2. Global UV Filter Market Size and Market Share By Product Type (2027-2033)
11. Global UV Filter Market, By Application, 2019-2033 (USD Million)
11.1. Global UV Filter Market Size and Market Share By Application (2019-2026)11.2. Global UV Filter Market Size and Market Share By Application (2027-2033)
12. Global UV Filter Market, By Region, 2019-2033 (USD Million)
12.1. Global UV Filter Market Size and Market Share By Region (2019-2026)12.2. Global UV Filter Market Size and Market Share By Region (2027-2033)12.3. Asia-Pacific
12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada12.6.2. Mexico12.6.3. United States
12.7. Latin America
12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. Ashland
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. BASF SE
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Dow
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. DSM
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Hallstar
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Kobo Dynamic
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. L'Oréal Group
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Novacap
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
UV Filter Market is projected to reach USD 17.90 billion by 2033, growing at a CAGR of 5.8% during the forecast period.
UV Filter Market grew in market size from 2022. The Market is expected to reach USD 17.90 billion by 2033, at a CAGR of 5.8% during the forecast period.
UV Filter Market CAGR of 5.8% during the forecast period.
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UV Filter Market size is USD 17.90 billion from 2023 to 2033.
UV Filter Market Segment is covered By Product Type, By Application.
The North America is anticipated to have the highest market share in the UV Filter Market.
The key players in the market include Companies Covered Advance NanoTek Limited, Ashland, BASF SE, Dow, Hallstar, Kobo Dynamic, L'Oréal Group, Novacap, DSM and others.
UV filters filter out UV light by absorbing it before it reaches the subject. Sunscreens are a major use for UV filters because they protect skin from sunburn and other UV-related harm.
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