UV ABSORBERS MARKET ANALYSIS

Regional Analysis

The UV absorbers market in Asia Pacific is expected to witness substantial growth over the forecast period. Owing to the growing industrialization, and growing construction and automotive sectors in this region Furthermore, economic growth in Japan, China, and India has increased the demand for the automobiles, thereby boosting the market for UV absorbers. According to CAAM (China Association of automobile manufacturers), China witnessed a sale of 2,167,000 cars in July 2017.

North America UV absorbers market is expected to witness a surge in demand, owing to the rising awareness on harmful effects of UV radiations on living beings. According to American Academy of Dermatology, it is estimated that 9,730 persons die from melanoma cancer in 2017. This has augmented the use of cosmetic products, thereby adding to the growth of UV absorbers market.

New investments in Qatar for the FIFA World Cup 2022, the demand for UV absorbers is rising substantially. This growth in demand is mainly driven by the construction of hotels, stadiums, malls, and public infrastructure. Latin America and Africa are expected to witness sluggish growth over the forecast period.