- Due to the increasing recognition of the harmful effects of UV radiation on living beings, the North America UV absorbers market is likely to be affected by an rise in demand. It was estimated that 9,730 people will die of melanoma cancer in 2017, according to the American Academy of Dermatology. It has increased the use of cosmetic products, thereby increasing the growth of the demand for UV absorbers.
- The demand for UV absorbers is growing significantly in Qatar for the 2022 FIFA World Cup. This demand growth is mainly driven by the construction of hotels, stadiums, malls and public infrastructure. In the forecast period, sluggish growth is expected in Latin America and Africa.
- Due to COVID-19 palindrome, UV Absorbers vendors are likely to pause the production. Vendors will take time to change their strategy for product releases, and this is likely to reduce the revenue which is generated in year 2020-2021.
- Growing demand
- Effects of UV Absorbers
- In June 2019, Shenzhen Xingshengdi New Materials Co., Ltd. used the plastic addictive for producing 5G base stations for major international telecommunications companies. The plastic additives of BASF shields the base stations from UV light. The company has been successful in developing UV absorbers, which were capable of stabilizing plastics against the UV radiations.
- In Dec 2018, SONGWON Industrial Co., Ltd. entered into a partnership with Disheng Technology Co., Ltd. for the production of some of its comprehensive range of UVA light stabilizers.
- In June 2018, Clariant AG entered into partnership with Beijing Tiangang Auxiliary Co. Ltd. For starting a facility of production of plastics and textile stabilizers. This joint venture is focused on combining the technology and production knowledge of both companies for providing process and light stabilizers.
List of Tables
1 US UV Absorbers Market Size 2018
2 Canada UV Absorbers Market Share 2018
3 Brazil UV Absorbers Market Outlook 2019 - 2023
4 Mexico UV Absorbers Market Research 2018
5 Germany UV Absorbers Market Trends 2019 - 2023
6 France UV Absorbers Market Growth 2019 - 2023
7 UK UV Absorbers Market Demand 2019 - 2023
8 Italy UV Absorbers Market Segmentation 2018
9 Russia UV Absorbers Market Analysis 2019 - 2023
10 China UV Absorbers Market Revenue 2019 - 2023
11 Japan UV Absorbers Market Volume 2019 - 2023
12 South Korea UV Absorbers Market Potential 2019 - 2023
13 India UV Absorbers Market Leaders 2018
14 Saudi Arabia UV Absorbers Market Forecast 2019 - 2023
15 Kuwait UV Absorbers Market Value 2018
List of Figures
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