UV Filter Market - Forecast(2023 - 2028)

UV Filter Market Overview

The UV filter market size is estimated to reach US$750.6 million by 2027 after growing at a CAGR of around 6.2% from 2022 to 2027. UV filters are the materials that are used to block or absorb ultraviolet rays in order to reduce the haziness created by ultraviolet light. The filters are made from either organic compound like benzophenone, ethylhexyl methoxycinnamate and cinnamates or from inorganic compound consisting zinc oxide & titanium dioxide. UV filter has various uses like in cosmetic products it is used as sunscreen agent, as UV rays filter in screen printing, as food packaging material, as flexible plastic film for windows & light fixatures and as lens protector in photography. Hence due to such high applicability the material is widely used in sectors like cosmetics, food & beverage, textiles, paper and in construction sector. Factors like increase in use of skin care cosmetics, growing production of textile items and increase in production food items are driving the growth of UV filter market. However, the negative effects of UV filter on coral reef and aquatic eco-system can restrict its usage in cosmetics like sunscreen lotion, which can hamper the growth of UV filter industry.

UV Filter Market COVID-19 Impact

The necessary measures taken by countries like implementing lockdown, had a negative impact on the major end use industries of UV filter like cosmetics, paper and textile sector. Restrictions on gathering of people, trade regulation and logistics movement caused lack of availability of labors and raw materials which decreased the productivity and sales of these sectors. For instance, according to quarterly statement by Loreal, in 2020, the skincare market decreased by 3% compared to 8% increase in 2019. Also, according to Confederation of European Paper Industries, in 2020, coated graphic paper production decreased by 25.2% on account low demand for commercial printing. Further, according to Cotton Textile Export Promotion Council, in 2020, the textile and garment export of India was US$29 billion showing 13% decrease. UV filter is used in skincare cosmetics like sunscreen to protect skin from UV rays, as photo-initiator it is used with coated graphic paper in photography and commercial printing, while in textile sector it is used in screen printing process of textile fabrics. Hence the decrease in the productivity of these sectors reduced UV filter usage in them, which negatively impacted the growth of UV filter industry.

Report Coverage

The “UV Filter Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segment of the UV filter industry.

Key Takeaways

• Asia-Pacific dominates the UV filter industry as the region consist of major economies like China which consist of major end user of UV filter like of food & Beverage and textile sector.
• UV filter has high applicability in imaging industry as it is used by many photographers and cinematographers to protect their glass lenses and coatings from lens contamination.
• UV filter span the colour spectrum due to which they have high applicability in scanning application and in contact proofing application like screen printing and plate making.

UV Filter Market Segment Analysis – By Material

Organic material held a significant share in UV filter market in 2020, with a share of over 65%. Organic UV filter like ethylhexyl methoxycinnamate is used as active ingredient in skincare cosmetics, while benzophenone is used as photo initiator in graphic coated paper for imaging and also as food packaging material. The rapid development in sectors like cosmetic and food & beverage has positively impacted the usage of UV filter in them. For instance, as per statement by skincare giant Shiseido, in first half of 2021, the net sales of the company were US$4.12 billion compared to US$3.4 billion of sales made in first half of 2020. Further, according to China’s Ministry of Industry and Information Technology, in first ten months of 2021, retail sale of food industry showed robust growth with sale of grain, oil and food item showing 10.3% increase, while sale of beverage segment showed 21.8% increase. Such increase in sale and consumption of skincare and food items will lead to more usage of organic UV filter like ethylhexyl methoxycinnamate & benzophenone as ingredient in skincare cosmetic and for food packaging. This will positively impact growth of UV filter industry.

UV Filter Market Segment Analysis – By End Use Industry

Cosmetic & personal care sector held a significant share in UV filter market in 2021, with a share of over 22%. UV filter, both, organic such as ethylhexyl methoxycinnamate and inorganic like zinc oxide, are used as active ingredient in skin care cosmetic in order to protect the skin from harmful UV rays. The growing demand for skincare and personal care products has positively impacted the usage of UV filters in cosmetic sector. For instance, as per statement given by Unilever, in 2021, the beauty & personal care sales of the company grew by 3.8%. Further, as per annual reports of Loreal, in Q4 of 2021, sale of Loreal Luxe, the skin care division of the company showed growth of 16.5% in North-Asia and Europe. Such increase in sale and consumption of skincare cosmetics will lead to more usage of UV filter in them which will positively impact the growth of UV filter industry.

UV Filter Market Segment Analysis – By Geography

Asia-Pacific held the largest share in the UV filter market in 2021, with a share of over 36%. The region consists of major end user of UV filter like food & beverage, cosmetics and textiles in countries like China and India. Rapid urbanization and growing economic development have led to increase in productivity of these sectors. For instance, according to China’s Ministry of Industry and Information Technology, in first two months of 2022, China output of the agricultural and sideline food processing sector rose 6.5% in the period, while food manufacturing sector climbed 7.4%. Also, as per quarterly report of Shiseido, in Q3 of 2021, the cosmetic sale of the company China was US$436.2 million showing an increase of 30% compared to Q3 of 2020. Further, according to Textile Ministry of India, from April to December 2021, India’s textile export touched US$29.8 billion showing 31% increase compared to 2020 same period. UV filter like benzophenone is used as food packaging material, while ethylhexyl methoxycinnamate is used as cosmetic ingredient for skin care, and during screen printing of textile fabric. The increase in the productivity of these sectors will positively impact the usage of UV filter in them which will boost UV filter industry growth.

UV Filter Market Drivers

High Consumption of Skincare Products

Cosmetics sector is one of the major end-users of UV filter, both organic like ethylhexyl methoxycinnamate and inorganic like zinc oxide as it is used in skin care products such as creams and lotions, to protect skin from UV rays that can cause skin burns and premature skin wrinkles. The rising concerns regarding skin nourishment and skin protection against harmful ultraviolet rays has led to increase in consumption of skincare products. This has positively impacted the usage of UV filter in cosmetic sector. For instance, as per Personal Care Association of Europe, in 2020, skincare products with a valuation of with US$23.74 billion value, held the maximum share of the European cosmetics market in major countries like Germany, France, UK, Spain, and Italy. The growing market share of skincare cosmetics in such countries will lead to more usage of UV filter as sunscreen agent in cosmetic sector. This will provide a positive impact on the growth of UV filter industry.

Increase in Production of Food Items

The rapid increase in population & adoption of healthy and sustainable diet has led to increase in demand for food items, thereby increasing the global production level of food items. For instance, as per US Food and Agriculture Organization, in 2019, global fruit production went up to 883 million tones, showing increase of 54% from 2000, while global vegetable production was 1128 million tones showing increase of 65%.Further, according to United States Department of Agriculture, in November 2021, there was rapid increase in production of certain dairy items like cheese production grew by 1.6%, sour cream by 2.7% and yogurt by 7%. UV filter like benzophenone is used with food packaging material like plastics in order to prevent the rapid degradation of the food packaging material and the food stuff contained within. The increase in production of food items and dairy products will lead to more usage of UV filter as food packaging material, which will boost the growth of UV filter industry in food sector.

UV Filter Market Challenge

Negative Impact of UV Filter on Coral Reef

UV filters have been found to negatively impact coral reef and aquatic ecosystem. The chemicals like oxybenzone and octinoxate used in cosmetic sunscreen are quite toxic. When such chemicals get mixed in water through people’s skin, hence they expose coral reef to chemical pollution. This will restrict the usage of UV filter as sunscreen agent near coral related places or riverine runoff areas such as in Indo-Pacific region. Hence, restriction in usage of UV filter as sunscreen agent will decrease its growth in cosmetic sector which can the hamper the growth of UV filter industry.

UV Filter Industry Outlook

The companies to develop a strong regional presence and strengthen their market position, continuously engage in mergers and acquisitions. In UV filter market report, the UV filter top 10 companies are:

1. Advance Nano Tek Limited
2. Dow Chemical Co.
3. L’Oréal Group
4. Evonik Industries AG
5. Merck & Co
6. Novacap Group
7. Shanghai Optics
8. Abrisa Technologies
9. Kinequip Inc.
10. Laminar Flow Inc.

Recent Developments

• In 2021, Applied UV Inc. an infection control technology company that applies the power of narrow-range ultraviolet light (UVC), acquired Scientific Air Management and this acquisition expand Applied UV Inc. reach as global healthcare infection control provider.
• In 2021, DSM launched PARSOL EHT a highly efficient, eco-friendly UVB filter which deliver high UV absorption and is compatible with other organic and inorganic UV filters.
• In 2019, BASF SE, a global leader in UV filters expanded its production capacities for UV filters at Grenzach and Ludwigshafen to meet rising demand from global and regional consumers.

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