What is Global UV Filters for Personal Care Market?
The Global UV Filters for Personal Care Market is a vast and dynamic sector that focuses on the production and distribution of UV filters used in personal care products. These filters are essential components in many skincare and cosmetic products as they help protect the skin from harmful ultraviolet (UV) rays. The market encompasses a wide range of products, including sunscreens, day creams, and other skincare items that contain UV filters. The global market for these filters is driven by increasing awareness about the harmful effects of UV radiation on the skin and the growing demand for skin protection products. However, the market also faces challenges such as stringent regulations and the need for continuous innovation to meet changing consumer demands. Despite these challenges, the market continues to grow, driven by factors such as the increasing prevalence of skin cancer and the growing popularity of outdoor activities.
Mineral UV Filters, Organic UV Filters in the Global UV Filters for Personal Care Market:
The Global UV Filters for Personal Care Market is divided into two main segments: mineral UV filters and organic UV filters. Mineral UV filters, also known as physical filters, work by reflecting or scattering UV radiation away from the skin. They are often used in products for sensitive skin or for children, as they are less likely to cause skin irritation. On the other hand, organic UV filters, also known as chemical filters, absorb UV radiation and convert it into heat, which is then released from the skin. These filters are often used in everyday skincare products due to their lightweight and non-greasy texture. However, they can sometimes cause skin irritation or allergic reactions. The choice between mineral and organic UV filters often depends on the specific needs and preferences of the consumer.
Sun Care, Day Care, Others in the Global UV Filters for Personal Care Market:
The Global UV Filters for Personal Care Market finds its application in various areas such as sun care, day care, and others. In the sun care segment, UV filters are used in sunscreens and after-sun products to protect the skin from harmful UV radiation. These products are essential for people who spend a lot of time outdoors, as they help prevent sunburn and reduce the risk of skin cancer. In the day care segment, UV filters are used in daily skincare products such as moisturizers and BB creams. These products help protect the skin from daily UV exposure, which can lead to premature aging and other skin problems. Other applications of UV filters include hair care products, where they help protect the hair from UV damage, and makeup products, where they help improve the longevity and performance of the product.
Global UV Filters for Personal Care Market Outlook:
The global UV Filters for Personal Care market, which was valued at US$ 607 million in 2022, is expected to witness significant growth in the coming years. It is projected to reach a value of US$ 939.2 million by 2029, growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2023 to 2029. This growth is driven by several factors, including increasing awareness about the importance of sun protection, growing demand for skincare products with UV protection, and advancements in UV filter technology. However, the market also faces challenges such as stringent regulations and the need for continuous innovation to meet changing consumer demands. Despite these challenges, the market is expected to continue its upward trajectory, driven by the increasing prevalence of skin cancer and the growing popularity of outdoor activities.
Report Metric | Details |
Report Name | UV Filters for Personal Care Market |
Accounted market size in 2023 | US$ 651 million |
Forecasted market size in 2029 | US$ 939.2 million |
Base Year | 2023 |
Forecasted years | 2023 - 2029 |
Segment by Type |
|
Segment by Application |
|
Production by Region |
|
Sales by Region |
|
By Company | DSM Corporation, BASF, Symrise, Ashland, Seqens, Sunjin Beauty Science, Galaxy Surfactants, MFCI, Uniproma, Kobo Products, Tagra Biotechnologies, 3V Sigma, Evonik, Chemspec Chemicals, Merck, Tayca, Croda International, Sensient Technologies, SPE Cosmetics |
Forecast units | USD million in value |
Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |