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U.V. Absorbers Market was around USD 784.5 Million by revenue, at the end of 2020. It is expected to grow at a CAGR of 6.54 % to reach close to USD 1076.9 Million by the end of the forecast period.
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UV Absorbers Market to benefit with the upsurge in worldwide plastic usage Market Overview: Ultraviolet (UV) absorber is employed to absorb ultraviolet light and release the energy in the form of heat. They are mainly used to protect materials by preventing the harmful ultraviolet light from degrading them, hence improving the performance, durability, service life, and stability of the materials. Several kinds of UV absorbers are employed depending on the substrate, intended useful life, and sensitivity to UV degradation of the materials. The UV absorbers market was close to USD 784.5 million at the end of 2018 and is estimated to rise at a CAGR of 6.54% to reach around USD 1076.9 million by the end of the foreseen period. Market drivers and restraints: The UV absorber market is majorly driven by the increase in the call from end-user applications like automotive plastics, packaging, agricultural films, coatings, adhesives, and personal care. The upsurge in the use of plastics for different purposes drives the global UV absorber market. Increase in awareness about UV absorbers is estimated to propel the market further in the coming years. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/uv-absorbers-market Report segmented as: By type: •Benzophenone •Benzotriazole •Triazine •Others By application: •Plastics •Coatings •Adhesives •Personal care •Others Geographical analysis: On the basis of geography, the UV absorber market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. In terms of worth as well as volume, North America is expected to hold the lead share of the UV absorber market, attributing to technological maturity and high investment in R&D in the region. Important market players:
Key players operating in the market are BASF SE (Germany), Huntsman Corporation (US), Clariant AG (Switzerland), Solvay S.A. (Belgium), Everlight Chemical Industrial Co. (Taiwan), Songwon (South Korea), Adeka Corporation (Japan), Milliken Chemical (US), Addivant (US), SABO S.p.A. (Italy), Lambson Limited (UK), Lycus Ltd., LLC. (US), Mayzo, Inc. (US), Everspring Chemical Co., Ltd. (China), Chitec Technology Co., Ltd. (China), MPI Chemie B.V. (Netherlands), Double Bond Chemical Ind., Co., Ltd. (Taiwan), Valtris Specialty Chemicals (US), Tianjin Jiuri New Material Co., Ltd. (China), Jingmen Meifeng Chemical Co., Ltd (China). View a sample and decide: https://www.marketdataforecast.com/market-reports/uv-absorbers-market/request-sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/
