Lucintel Forecasts UV Filter Active Ingredient Market to Grow at a CAGR of 7.2%

According to the recent study the UV filter active ingredient market is projected to grow at a CAGR of 7.2% from 2020 to 2026. Growth in this market is primarily driven by climate change, ozone layer depletion, and increasing awareness of consumers about the potentially harmful effects of UV rays and strong demand for anti-aging products.

Browse 87 figures / charts and 60 tables in this 134 -page report to understand trends, opportunities and forecast in UV filter active ingredient 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).

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“Circulating tumor DNA market is expected to remain the largest segment during the forecast period.”

Based on source, the UV filter active ingredient market is segmented into natural and synthetic. Lucintel forecasts that the natural market is expected to remain the largest segment due to the increasing demand for organic beauty products to avoid side effects of synthetic personal care products.

“Within the UV filter active ingredient market, the skin care segment is expected to remain the largest clinical application.”

Based on application, the therapy selection segment is expected to witness the largest application during the forecast period 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 dominate the UV filter active ingredient market in near future.”

Europe is expected to be 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.

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Major players of UV filter active ingredient market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Symrise, Ashland, BASF, DSM, and Salicylates and Chemicals Pvt. Ltd. are among the major UV filter active ingredient providers.

This unique 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 click on this link https://www.lucintel.com/uv-filter-active-ingredient-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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