08.22.17
It's not all about sun care. Led by growing demand within plastics, paints and coatings markets, global sales of UV absorbers are expected to grow 6.5% a year to top $1 billion by 2022, according to a new study by MarketsandMarkets. According to the study, the use of UV absorbers has increased in plastics application owing to the high demand from industries such as packaging and agricultural films. In addition, the rapidly growing automotive industry is expected to increase the demand for UV absorbers in coatings and adhesives applications. Personal care and printing inks are the other applications which consume UV absorbers.
The benzotriazole type of UV absorbers is estimated to be the largest type segment of the UV absorbers market, in terms of both value and volume, as its usage is across various applications, such as plastics, coatings, adhesives, printing and personal care. These are typically used for outdoor applications owing to its better performance and broad spectral coverage in both UVA as well as UVB region. These properties of benzotriazole are expected to foster the growth of this type of UVA in the UV absorbers market, according to the study.
The plastic application segment is expected to register the highest growth, in terms of both value and volume during the forecast period, according to MarketsandMarkets, which note that plastics tend to degrade when exposed to UV radiations. To prevent the photodegradation of plastics, UV absorbers are used in combination with HALS. It improves the chemical properties, UV resistance, and durability of substrate. UV absorbers in plastics are majorly driven by the demand from industries such as automotive plastics, packaging and agricultural films.
The benzotriazole type of UV absorbers is estimated to be the largest type segment of the UV absorbers market, in terms of both value and volume, as its usage is across various applications, such as plastics, coatings, adhesives, printing and personal care. These are typically used for outdoor applications owing to its better performance and broad spectral coverage in both UVA as well as UVB region. These properties of benzotriazole are expected to foster the growth of this type of UVA in the UV absorbers market, according to the study.
The plastic application segment is expected to register the highest growth, in terms of both value and volume during the forecast period, according to MarketsandMarkets, which note that plastics tend to degrade when exposed to UV radiations. To prevent the photodegradation of plastics, UV absorbers are used in combination with HALS. It improves the chemical properties, UV resistance, and durability of substrate. UV absorbers in plastics are majorly driven by the demand from industries such as automotive plastics, packaging and agricultural films.