UV Booster Market

UV Booster Market Outlook (2023-2033)

The global UV booster market experienced year-on-year (YoY) growth of 4.5% in 2022 to reach a valuation of US$ 116.5 million. Benzophenone accounts for the largest market share of 36.5%.

The application of UV boosters in skin care cosmetics was up by 4.3% to reach US$ 53.8 million in 2022.

The global market value is projected to touch US$ 199.6 million by 2033 with worldwide demand for UV boosters set to increase at 5.1% CAGR over the decade. UV boosters are available in form of liquid stain additives that are equipped with the latest technology of ultra-violet light inhibitors.

Over the past decade, there have been rising concerns over the safety of skin from external elements such as dust, sun rays, and other harmful elements, especially in the European and American regions. The utilization of UV boosters in these regions is projected to see significant growth owing to the rising awareness of citizens of products that have a good SPF factor to protect their skin.

• Rising concerns about skin safety will drive demand for UV boosters in the short term.
• Asia Pacific is anticipated to witness high product demand due to growing awareness about the use of sunscreens.
• Rising per capita expenditure on beauty and skin care products will drive the sales of UV boosters in the long term.

UV boosters are used in various types of cosmetics, and this is expected to create an absolute dollar opportunity of US$ 78.1 million by 2033.

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%
U.S. Market Growth Rate (2023-2033)	4.1% CAGR
Market Share of Top 5 Companies	~21.4%
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

What’s Driving Demand for UV Boosters?

“Rising Awareness Regarding Harmful Effects of Sun on the Skin”

Exposure to the sun is necessary for the production of vitamin D in the body, which helps in calcium absorption, leading to stronger bones and teeth. However, sun exposure for longer-than-safe durations can have a negative impact on the skin, resulting in skin problems such as hyperpigmentation, ageing, wrinkles, and freckles.

The sun’s ultraviolet rays directly penetrate the skin, which can damage the elastic protein fibre inside the skin, called elastin. Sun exposure can cause coarse wrinkles on the skin, sallowness, and cancerous skin lesions in extreme cases. UV radiation is one of the leading causes of skin cancer, which can be avoided by using sun care products. Rising awareness about the use of sunscreen products is set to drive the demand for UV boosters that are used to increase the SPF in these products.

“Growing Trend of Natural & Organic Products”

Due to the growing knowledge about the advantages of natural and organic ingredients, consumer preference for clean and green-labelled personal care and cosmetic goods is increasing substantially. Since chemical or synthetic products include hazardous chemicals, consumers are choosing greener alternatives more frequently.

Natural skin care products have the nutrients required to enrich the skin and improve its tone, texture, and appearance. This is increasing consumer demand for organic products, which will bolster the consumption of UV boosters that are used in organic sunscreen products for various applications such as skincare, makeup, etc.

“Getting Certifications & Clinical Approvals Will Help Convince End-Use Industries about Product Quality”

Manufacturers should focus on clinical approvals and certifications from various government-approved authorities in the countries where they are operating and selling their UV boosters. Each country has a different set of rules to follow for the making of UV boosters and other ingredients that form the feature of protection from the sun. Developing the product accordingly and making customizations will help manufacturers grow their business and revenue.

Country-Wise Analysis

Why is France a Prominent Market for UV Booster Manufacturers?

People in France are more concerned about their looks, feel of skin, etc., due to which, they are more focused on protecting their skin from various external factors that can harm the natural quality of their skin. In addition, higher spending capacity as compared to other countries is also a major factor due to which France is the leading country in Europe regarding expenditure on personal and beauty care products.

The Europe UV booster market is forecasted to grow at a CAGR of 4.7% during the forecast period 2023-2033 and reach US$ 45 million by 2033, with the France UV booster market set to expand at a CAGR of 4.9% and increase 1.7X its current valuation by 2033.

Why is the Consumption of UV Boosters High in China?

China is the leading country in the Asia Pacific region and is attracting investments for cosmetic manufacturing owing to the rising consumption of beauty products in the country along with growing awareness regarding the side effects of harmful chemicals used in sunscreen and other skin care products. Rising population and growing consciousness of appearance among the people will provide a push to the sales of sunscreens, which, in turn, will drive the demand for UV boosters as well.

China’s UV booster market is anticipated to grow at a CAGR of 6% and expand 1.9X its current valuation by 2033, with the East Asia UV booster market estimated to grow at a CAGR of 5.8% and reach US$ 56.6 million by 2033.

Category-Wise Analysis

Which Application of UV Boosters is Most Popular?

Among all the applications, skin care cosmetics are poised to generate higher revenue as compared to other applications. The focus of consumers on skin nourishment and their inclination towards using environment-friendly products are driving the skincare market. Rising awareness among males about products that can protect their skin from harmful sun rays while they are travelling is also driving the demand for several skin care cosmetics.

Demand from skincare cosmetics UV boosters is expected to increase at a CAGR of 5.4% during the forecasted period 2023-2033.

Why is the Consumption of Benzophenone So High?

Benzophenone is used as a sunscreen agent / UV booster in various types of personal and beauty products to protect the skin from being harmed by ultraviolet sun rays. Various types can be used in combination with oil-soluble UV filters to boost sun screening properties. It is also water-soluble and commonly used to protect formulations from getting affected due to UV exposure.

Out of the products considered in the scope of the study, demand for benzophenone is anticipated to increase at the highest CAGR of 6.3% to reach US$ 76.2 million by 2033.

Competition Landscape

Azelis (Dewolf Chemical), Allnex, Perma Chink Systems Inc., BASF SE, Clariant AG, Solvay SA, Huntsman Corporation, Milliken Chemical, Spectrum Chemical, Partner in Chemicals, Adeka Corporation, Croda International PLC are leading manufacturers of UV boosters.

Suppliers of UV boosters are employing innovative ways and collaborating with end-use industries to ensure continuous sales. Key manufacturers are focusing on entering into the emerging markets of developing economies where per capita expenditure on beauty products is rising rapidly.

Fact.MR has given in-depth information about the various strategies used by UV booster manufacturers, along with their sales analysis of UV boosters, top UV booster manufacturers, SWOT analysis, and sales generated from UV booster manufacturers positioned across geographies.

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