According to the recent study the UV filter active ingredient market is projected to reach an estimated $671.2 million by 2027 from $484.5 million in 2021, at a CAGR of 5.6% from 2021 to 2027. Growth in this market is primarily driven by climate change, ozone layer depletion, strong demand for anti-aging products, and increasing awareness of consumers about the potentially harmful effects of UV rays.
Browse 107 figures / charts and 68 tables in this 205 -page report to understand trends, opportunities and forecast in UV filter active ingredient market by application (skin care, hair care, and makeup), source (natural and synthetic), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Skin care market is expected to remain the largest segment during the forecast period.”
Based on application, the UV filter active ingredient market is segmented into skin care, hair care, and makeup. Lucintel forecasts that the skin care market is expected to remain the largest segment due to high disposable income and rising awareness on skin diseases, including skin cancer.
“Within the UV filter active ingredient market, the natural segment is expected to remain the largest source.”
Based on source the natural segment is expected to witness the highest growth over the forecast period due to the increasing demand for organic beauty products to avoid side effects of synthetic products.
“Europe will dominate the UV filter active ingredient market in near future.”
Europe will remain the largest region over the forecast period due to harsh climate conditions, high disposable income, and expenditure on personal care products, and better consumer education on the importance of sun protection.
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Major players of UV filter active ingredient market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Adeka, Ashland, BASF, Clariant, Croda, DOW are among the major UV filter active ingredient providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/uv-filter-active-ingredient-market.aspx or [email protected]
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