Global UV filter market is anticipated to grow at a significant CAGR of 6.2% during the forecast period (2024-2031). The rising skin-related diseases including skin cancer, along with rising awareness and marketing campaigns of the companies are contributing to the UV filter industry. The rising disposable income and growing standards of living across the globe are also contributing to market growth.
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Recent Developments in the UV Filter Market
- In September 2023, BASF, a supplier of chemicals and materials, initiated production at its new UV filter plant in Jinshan, China. This strategic move is aimed at boosting the supply chain for personal care ingredients in Asia.
- In March 2023, Royal DSM, a Dutch multinational organization, unveiled a novel UVA filter that delivers effective SPF protection. The introduction of Parsol DHHB (Diethylamino hydroxybenzoyl hexyl benzoate) has enabled companies to create multifunctional products with robust UV shielding capabilities.
- In October 2022, Symrise, a provider of active ingredients and raw materials, introduced a cutting-edge UVB filter. The Neo Heliopan EHT (Ethylhexyl Triazone) filter is well-suited for applications requiring water resistance and high SPF protection, aligning with consumer demands for contemporary and efficient sun care products.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Type
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- BASF SE, Evonik Industries AG, L’Oréal S.A, The Dow Chemical Co., and Unilever PLC among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global UV Filter Market Report Segment
By Filter Type
- Organic
- Inorganic
By Application
- Skincare
- Haircare
- Others (Medical, Sunscreens, Photography)
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