Ultraviolet (UV) absorbers are used to limit the harmful effects of ultraviolet rays in polymers. It is a material that reduces the energy emitted through ultra violet light. The ultraviolet absorber helps in absorbing the damaging ultraviolet rays and enhance the durability, performance, and stability of wood, plastic, and polymers. These components, namely wood, plastic, and polymers, find various uses in construction, automotive, adhesives, sealants, and agriculture, among others.
Rapid growth of various end-use industries such as construction and automotive coupled with growing awareness about the benefits of UV absorbers is projected to propel the market growth globally. However, stringent government policies and constant increase in price of UV absorbers act as major restraints for the market growth.
UV Absorbers Market Taxonomy
On the basis of Chemistry, the UV absorbers market can be classified as:
On the basis of Application, the UV absorbers market can be classified as:
On the basis of End-use industry, the UV absorbers market can be classified as:
Amongst the various types of UV absorbers, benzotriazole is the most used absorber and is of highest demand. Owing to the multiple uses of benzotriazole in personal care, plastics, adhesives, and coatings industries, the market is projected to grow, both in terms of value and volume, over the forecast period. Demand for UV absorbers from automotive, packaging, agriculture, and construction industries is expected to be higher in the forecast period.
UV Absorbers Market Outlook
Some of the major players in the UV absorber market are BASF SE, Huntsman Corporation, Clariant AG, Solvay S.A., Everlight Chemical Industrial Co., Songwon, Adeka Corporation, Milliken Chemical, Addivant, SABO S.p.A., Lambson Limited, Lycus Ltd., and Mayzo, Inc., among others.
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