Rockville, Jan. 26, 2023 (GLOBE NEWSWIRE) -- According to Fact.MR’s newly released report on UV boosters, the global market is set to be worth US$ 121.5 million in 2023 and is expected to grow at a CAGR of 5.1% during the forecast period of 2022 to 2033.
Consumers all over the world are demanding cosmetic products with high SPF to reduce the risk of exposure to harmful UV rays. To increase the value of SPF and UVA in cosmetic products, UV boosters, also known as SPF boosters, have become popular to increase effectiveness and also add other properties to protect the skin. Some products are also available with the feature of water resistance. Boosters have become an important part of personal care formulations to ensure the quality of the water-resistance feature in sunscreens.
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| Report Attributes | Details |
| Market Size (2023E) | US$ 121.5 Million |
| Forecasted Market Value (2033F) | US$ 199.6 Million |
| Global Market Growth Rate (2023-2033) | CAGR 5.1% |
| North America Market Share (2022) | ~21.1% |
| No. of Pages | 170 Pages |
| No. of Tables | 62 Tables |
| No. of Figures | 141 Figures |
Key Takeaways from Market Study
- By product, benzophenone accounted for the largest market share of 36.5% in the year 2022.
- By application, the skin care segment is projected to grow at a CAGR of 5.4% from 2023 to 2033.
- East Asia is set to hold 26.5% of the global market share in 2023 and is forecasted to reach US$ 56.6 million by 2033.
- The market in Europe is estimated to create an absolute dollar opportunity worth US$ 16.6 million during 2023-2033 and grow at a CAGR of 4.7%.
“Skin care products will be the largest demand creator for UV boosters due to the growing demand for water-resistant features in sunscreen products,” says a Fact.MR analyst.
Segmentation of UV Booster Industry Research
- By Product:
- Benzamidine
- Benzophenone
- Triazine
- Benzotriazole
- Others
- By Application:
- Skin Care Cosmetics
- Hair Care Cosmetics
- Make-up Cosmetics
- Lipsticks & Lip Balms
- Foundation
- Others (Concealers, etc.)
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South-East Asia & Oceania
- Middle East & Africa
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Market Development
The future strategy for participants in the UV boosters market will be to focus on cosmetic companies that are producing products with high SPF factors, which will make them require more quantity of UV boosters for making their various types of skin care, hair care, and other make-up cosmetic products.
To deliver quality boosters that are best-suited for protection from the sun, manufacturers should improve their processes for developing such boosters. Additionally, manufacturers of UV boosters should continue to prioritize working with cosmetic companies as this will help them understand consumer needs and enable them to create solutions that are tailored to specific applications and markets across the world.
Key Companies Profiled
- Azelis (Dewolf Chemical)
- Allnex
- Perma Chink Systems Inc.
- BASF SE
- Clariant AG
- Solvay SA
- Huntsman Corporation
- Milliken Chemical
- Spectrum Chemical
- Adeka Corporation
- Croda International PLC
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More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the UV boosters market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights based on product (benzamidine, benzophenone, triazine, benzotriazole, others) and application (skin care cosmetics, hair care cosmetics, make-up cosmetics (lipsticks & lip balms, foundation, others (concealers, etc.)), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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