Global UV Filter Market for Personal Care Products to Register 3.1% CAGR to 2021, States Lucintel in Its New Study Published at MarketPublishers.com19 Dec 2016 • by Natalie Aster
LONDON – The worldwide UV filter market for personal hygiene products has a very bright future ahead with opportunities lying in inorganic and organic UV filter. The sector is projected to register a 3.1% CAGR in value terms in the offing to stand at USD 672 million by 2021. The major factors propelling the growth of the market comprise consumers’ rising awareness about the prospectively adverse effects of UV rays and robust demand for anti-ageing skin care products.
The market for inorganic UV filters will likely register above-average growth in the offing. Meantime, organic UV filters will likely continue to dominate the marketplace in terms of size. The use of UV filters in sun care products has been in the rise recently due to the ability of organic UV filters to absorb the UV light and turn it into a limited amount of heat. UV filters are also congruent with inorganic ingredients, which are projected to fuel the growth for the segment in the forthcoming years.
New research report “Global UV Filter Market for Personal Care Products” elaborated by Lucintel draws up an all-encompassing, unbiased picture of the market.
The study gives true insights into the UV filter market background and classifications. The report presents granular market segmentation on the basis of UV filter type, ingredient type, application, and based on geographic region; it examines the major market trends and analyses the size of the market and each of its segments. The study examines the industry drivers and challenges; sheds light on the competitive scenario, uncovers the growth opportunities and offers a strategic analysis, and also presents detailed profiles of the dominant market participants. Furthermore, the study provides comprehensive macroeconomic forecasts and includes a forecast to 2021 of the UV filter market for personal hygiene products at a global scale.
More new comprehensive studies by the publisher can be found at Lucintel page.