Global UV Filter Market for Personal Care Products
According to a new market report published by Lucintel, the future of the global UV filter market for personal care products looks very promising with opportunities in organic and inorganic UV filter.
The global UV filter market for personal care products is expected to reach an estimated $672 million by 2021 and it is forecast to grow at a CAGR of 3.1% by value from 2016 to 2021. The major drivers of growth for this market are increasing awareness of consumers about the potentially harmful effects of UV rays and strong demand for anti-aging products.
In this market, organic and inorganic UV filters are used. On the basis of its comprehensive research, Lucintel forecasts that the inorganic UV filter is expected to show above average growth during the forecast period.
Within the global UV filter market for personal care products, the organic UV filter is expected to remain the largest market. There has been increased usage of UV filters in sun care products because organic UV filters absorb the ultraviolet light and convert it into a small amount of heat.
UV filters are also compatible with inorganic ingredients, which would spur growth for this segment over the forecast period.
For business expansion, the report suggests innovation and new product development to produce
UV filters which have excellent transparency, outstanding dispersing properties, and better functional benefits for the end user. The report further suggests the development of partnerships with customers to develop user friendly UV filters for sun care products.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s challenging economy, you need every advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information. This market report fulfills this core need and is an indispensable reference guide for material suppliers, product manufacturers, investors, executives, distributors, and more that operate in this market. Some of the features and scope of this report include the following:
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