The global UV filter active ingredient market is forecast to grow with a CAGR of 7.2% from 2021 to 2026 - GlobeNewswire

New York, June 14, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "UV Filter Active Ingredient Market Report: Trends, Forecast and Competitive Analysis" - https://www.reportlinker.com/p06095147/?utm_source=GNW

The future of the global UV filter active ingredient market looks promising with opportunities in the skin care, hair care, and make up applications. The global UV filter active ingredient market is forecast to grow with a CAGR of 7.2% from 2021 to 2026. The major growth drivers for this market are climate change, ozone layer depletion, and increasing awareness of consumers about the potentially harmful effects of UV rays and strong demand for anti-aging products.

An emerging trend, which has a direct impact on the dynamics of the industry, includes multifunctioning UV filter ingredients, integration of alphabetic formulation in UV filter products, and advanced nanotechnology for manufacturing of UV filter products.

The study includes a trend and forecast for the global UV filter active ingredients market by application, source, and region as follows:

By Application [Value ($ Billion) shipment analysis for 2015 – 2026]:
• Skin Care
• Hair Care
• Makeup

By Source [Value ($ Billion) shipment analysis for 2015 – 2026]:
• Natural
• Synthetic

By Region [Value ($ Billion) shipment analysis for 2015 – 2026]:
• North America
• United States
• Canada
• Mexico
• Europe
• Germany
• France
• Russia
• Italy
• Asia Pacific
• China
• India
• Japan
• South Korea
• The Rest of the World
Some of the UV filter ingredient companies profiled in this report include Symrise, Ashland, BASF, DSM, and Salicylates and Chemicals Pvt. Ltd.

The analyst forecasts that natural UV filter active ingredients will remain the fastest growing over the forecast period due to the increasing demand for organic beauty products to avoid side effects of synthetic personal care products.

Within the UV filter active ingredient market, skin care will remain the largest application and it is also expected to witness the highest growth during the forecast period high disposable income and rising awareness on skin diseases, including skin cancer.

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.

Features of the Global UV Filter Active Ingredient Market

• Market Size Estimates: Global UV filter active ingredients market size estimation in terms of value ($B) shipment.
• Trend and Forecast Analysis: Market trends (2015-2020) and forecast (2021-2026) by various segments.
• Segmentation Analysis: Global UV filter active ingredients market size by various segments, such as application and source in terms of value.
• Regional Analysis: Global UV filter active ingredients market breakdown by the North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different application, source, and regions for the global UV filter active ingredients market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global UV filter ingredients market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers following key questions

Q.1 What are some of the most promising potential, high-growth opportunities for the global UV filter ingredients 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)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

Read the full report: https://www.reportlinker.com/p06095147/?utm_source=GNW

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The global UV filter active ingredient market is forecast to grow with a CAGR of 7.2% from 2021 to 2026 - GlobeNewswire
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