According to a new market report published by Lucintel, the future of the UV filter in the global personal care market looks promising with opportunities in the skin care, hair care, and make up applications. UV filter in the global personal care market is expected to reach $671.2 million in 2027 with a CAGR of 5.6% from 2021 to 2027. The major drivers for this market are climate change, ozone layer depletion, strong demand for anti-aging products, and increasing awareness of consumers about the potentially harmful effects of UV rays.
In this market, natural and synthetic ingredients are used in manufacturing of UV filter active ingredients in the global personal care market. Lucintel 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 products.
Within the UV filter active ingredients in the global personal care 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.
Emerging trends which have a direct impact on the dynamics of the industry include development of methodology to evaluate the environmental impact of UV filters and advanced nanotechnology for manufacturing of UV filter products. Symrise, Ashland, BASF, DSM, and Salicylates and Chemicals Pvt. Ltd are among the major UV filter active ingredient manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in UV filter in the global personal care market by application, source, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in UV Filter in the Global Personal Care Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a trend and forecast for UV filter in the global personal care market by application, source, and region as follows:
By Application [Value ($ Billion) shipment analysis for 2016 – 2027]:
Skin Care
Hair Care
Makeup
By Source [Value ($ Billion) shipment analysis for 2016 – 2027]:
By Region [Value ($ Billion) shipment analysis for 2016 – 2027]:
North America
United States
Canada
Mexico
Europe
Germany
France
Russia
Italy
Asia Pacific
China
India
Japan
South Korea
The Rest of the World
This 134-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the UV filter active ingredients in the global personal care 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?