UV Booster Market

UV Booster Market Outlook (2024 to 2034)

The global UV Booster market is projected value at US$ 127.6 million in 2024 and expand at a CAGR of 5.2% to end up at US$ 211.8 million by 2034.

The growth of the UV booster is significantly going up due to increased awareness among consumers on skin protection and, at the same time, an increasing demand for appropriate cosmetic products. This is because the growing concern related to skin safety in natural atmospheres is driving sales, especially in regions like Europe and North America, which have shown an increasingly greater demand for products with effective sun protection factor (SPF) protection.

As for the product segmentation, Benzophenone occupies the largest proportion in this area, with a market share of 36.4% in 2023, mainly for its excellent photo protection in different cosmetic preparations. Other leading products include Benzamidine, Triazine, and Benzotriazole; each is contributive to enhancing UV protection for respective cosmetic products. UV boosters find wide applications in several cosmetics categories such as skin care cosmetics, hair care cosmetics, and makeup cosmetics, where each application adds up to the demand for UV protection. The growth of interest in green and natural products boosts further the usage of UV boosters in these applications.

In a nutshell, the UV booster market is poised for robust growth, supported by consumer trends favorable to skin safety and an increasing rate of inclusion of UV filters in cosmetic formulations. The remainder of the market is likely to be characterized by investments and further development as manufacturers ingeniously manufacture and expand the product lines to meet the ever changing demands of consumers.

• Between 2024 and 2034, the application segment in skin care cosmetics is expected to produce an absolute dollar opportunity US$ 46.2 million.
• In 2024, the UV booster Benzophenone holding a 36.9% market share in the UV booster product segment are estimated to be worth US$ 47.1 million.

Report Attributes	Details
Market Size (2023A)	US$ 121.5 million
Estimated Market Value (2024E)	US$ 127.6 million
Forecasted Market Value (2034F)	US$ 211.8 million
Global Market Growth Rate (2024 to 2034)	5.2% CAGR
North America Market Share (2024E)	21.6%
East Asia Market Growth Rate (2024 to 2034)	5.5% CAGR
US Market Growth Rate (2024E)	5.8% CAGR
Key Companies Profiled	Allnex; Perma Chink Systems Inc.; BASF SE; Clariant AG; Solvay SA; Huntsman Corporation; Milliken Chemical; Spectrum Chemical; Adeka Corporation; Croda International PLC; Other Prominent Players.

Sales Analysis of UV Booster (2019 to 2023) Vs. Market Forecasts (2024 to 2034)

The market for UV booster grew at a growth rate of 5.0% from 2019 to 2023, and by the end of 2023, it was valued at US$ 121.5 million. Continuing trends toward skin care cosmetics is fierce competition among well-established brands and new entrants. The market is seriously innovative, with continuous development of new formulations to keep pace with changing consumer tastes.

Historical Report Attributes	Details
Market Size (2019A)	US$ 99.0 million
Market Size (2023A)	US$ 121.5 million
Historical CAGR (2019 to 2023)	5.0%
Forecasted CAGR (2024 to 2034)	5.2%

• Short Term (2024 to 2027): In a short time, the demand of UV-protective products will be due to the growth in awareness of skin cancer and the protection against sun exposure. Growth within this market would also be inspired by advancement in new UV booster technologies that are highly efficient and cost-effective. Personal care will continue to dominate the application segments due to increasing demand for sunscreen and other UV-protection products.
• Medium Term (2027 to 2030): In medium term, the demand for eco-friendly and sustainable UV-protective products will be encouraged through the rise in awareness related to environmental issues such as climate change and pollution. Major growth is expected in the textiles and apparel segment because of increased demand for protective clothing and accessories. Regulatory development, such as increased scrutiny on UV protection in cosmetics, will influence the market trends.
• Long Term (2030 to 2034): In long period, skin care cosmetics will experience a significant growth owing to the surging demand for UV-protective coatings in a personal care industry. Automotive industries also show growth owing to the increasing demand in car interiors for UV protective materials. Key challenges in the period include further research and development to enhance the sustainability and effectiveness of the technologies of UV boosters. Besides, global economic uncertainty will dent consumer demand and disturb supply chains, consequently affecting the growth of the market.

According to Fact.MR, the UV Booster Market size is valued at US$ 127.6 million in 2024. Demand is projected to rise at a CAGR of 5.2% through 2034 to reach US$ 211.8 million by the end of the forecast period (2024 to 2034).

Market Dynamics

What driving forces influence the demand for UV Booster?

“Increased Awareness Related to Skin Protection Among Consumers”

In 2024, the global UV booster is projected to rise at a growth rate of 5.2%. People are increasingly concerned about the adverse impacts of UV radiation on skin health and, hence, are demanding products offering effective SPF. This trend is most evident in regions such as Europe and North America, where the adverse impacts of sun exposure have become a common fact. As an example, the skin care cosmetics UV booster market has grown by 5.3%, reaching an extended result of increased awareness for skin care cosmetics safety in 2024, with a valuation of US$ 68.8 million.

Another driving force is the trend toward natural and organic products. Consumers are abstaining from cosmetics filled with chemicals and instead look for UV boosters sourced from safer, greener sources. This can be increasingly reflected in the growth of sunscreens containing natural UV boosters, thus meeting the demands of health-oriented consumers.

Further, increasing per capita expenditure on beauty and skincare products acts as an added advantage to the demand for UV boosters. As investors in personal care increase their spending, so does the market for effective UV protection within cosmetics, guaranteeing strong growth prospects for manufacturers.

In 2024, the North America UV Booster net worth is calculated to be around US$ 27.6 million with a CAGR of 5.6%.

“Increased Spending on Beauty and Skincare Driving Growth”

The impact of increasing spending on beauty and skincare products on the growth of the UV booster. With increased awareness relating to skin protection, people are willing to spend on high-quality products offering effective UV protection. This can be seen more so in places like North America and Europe, where disposable incomes are higher and thus can afford high-value skincare products.

For instance, the skincare market is likely to attain a value of US$ 22.5 billion in 2022, growing at a CAGR of 5.8% from 2022 to 2024, driven by skin health awareness, anti-aging products demand, and increasing natural/organic products demand. While consumers are raising the spending bar in the beauty and skincare segment, they show interest in those kinds of products that give extra UV protection with effective SPF.

This is a place where opportunities will be developed in manufacturing innovative products to meet the changing requirements of consumers. An increase in per capita expenditure on beauty and skin care products improves the market growth prospects for UV boosters. Where there is greater spending on personal care, there is higher demand for effective UV protection inside cosmetics, leading to ample growth opportunities for the manufacturer.

What are the Primary Constraints Faced by the Market Competitors for UV Booster?

“Primary Challenges Faced by Market Players in UV Booster Market”

Competitors in the UV booster industry have to contend with diverse pulls in the market that impact their operations and levels of growth possible. One notable challenge pertains to regulatory issues. Regulatory frameworks touching on the safety and efficiency of UV filters in cosmetics vary by region. For instance, there are limitations on some types of UV filters, like Benzophenone, within the European Union due to safety concerns, which translates to limited usage in formulation.

Another constraint is that the raw materials for many UV boosters are extremely expensive. In making an effective UV booster, there is often the requirement for certain chemicals. This raises the cost of production and can make it very hard for small-scale producers to be competitive with large firms that therefore realize economies of scale.

Besides, there is fierce competition among established brands and new entrants. The market is characterized by rapid product innovation, where firms are always working on new formulations to meet changing consumer needs and wants. This very dynamic environment requires extensive research and development, hence a resource-intensive aspect for many competitors.

Finally, consumer skepticism regarding the results of UV boosters can dampen growth. Today's more educated consumers ask for transparency and results, which can bring about company investment in clinical testing and certification to build trust in their products.

Country-wise Insights

Country-wise Forecast CAGRs for the UV Booster Market

Country	CAGR
U.S.	5.8%
China	5.7%
Japan	5.6%

Which countries expect to have a rise in demand for UV Booster?

“Effective Sun Protection of Skin Cosmetics will drive the U.S. demand for UV Boosters"

From 2024 to 2034, North America will show a growth of 5.6% CAGR, will be driven by the U.S. The U.S. remains a mature market that is very aware of skin health and concerned about the need for effective sun protection. An upbeat future of UV boosters can be counted upon in the U.S. with a palpable trend among its people towards favoring cosmetic products that can assure safe SPF.

It will also be boosted by the presence of strong brands in the US market and a well-developed distribution network, making UV boosters easily accessible to consumers. The growth of natural and organic products upwards will lead to changes in formulations by manufacturers in line with increasingly discerning consumer preferences in health-conscious America.

United States market will have a value of US$ 20.5 million by 2024, with a total absolute dollar opportunity worth US$ 15.5 million between 2024 and 2034.

Why is China potentially a profitable market for manufacturers of UV Booster?

“High demand in China due to Domestic Consumption and Exports”

China will lead regional growth in the East Asia, as the UV booster market is mushrooming at a CAGR of 5.7%, during the projected period of 2024 to 2034 and growing 1.9X of its current valuation by 2034. This growth can be driven by increasing consumption of beauty products and developing awareness related to hazardous UV radiation.

It has developed because of better access to social media platforms such as WeChat and Douyin, commonly known as TikTok in most other countries, where a lot of beauty influencers have come on board to promote all kinds of beauty products. This, of course, includes UV-protective products.

For instance, the Chinese beauty brand Dr. Jilly introduced UV protection sunscreens and moisturizers that are extremely popular among Chinese consumers. This factor, therefore, is likely to continuously lead the growth in the Chinese UV booster, as increasing awareness related to skin protection and the requirement for quality products will drive consumers towards these products.

By 2034, the market for China UV Booster is projected to be worth US$ 55.1 million.

Category-wise Insights

Which end-use verticals segments plan to generate high demand for UV Booster?

“Skin care cosmetics, UV boosters find their high-demand in application segments”

The market was driven by the use of the skin care cosmetics application segment enabling a growth rate of 5.3% in 2024 with market share 53.9%. The demand for UV boosters is expected to remain high in skin care cosmetics owing to increasing awareness among consumers about sun protection and skin health. The UV boosters' global market in skin care cosmetics stood at US$ 68.8 Million in 2024, advancing at a yearly growth of 5.0% over 2021.

The other important factor driving this is the increasing incorporation of sun protection into daily skin care. For example, people demand that hydrating and nourishing products provide proper UV protection for their skin. Companies like Unilever have developed more recent products that contain SPF with skin-enhancing benefits, capitalizing on this trend.

The same trend can be seen more clearly in the U.S. and European markets, where customers make sure that whichever product they choose, it improves skin health and the sustainability of the environment. This is one of the factors propelling demand in UV boosters for skin care formulations.

According to projections, the worldwide skin care cosmetics application category will generate value of US$ 68.8 million by 2024.

Why is the fastest growth expected in UV Booster Benzophenone?

“UV Booster Benzophenone active ingredients of sunscreens and UV boosters for skin protection”

The UV Booster Benzophenone product sector, will hold a 36.9% market share of the worldwide market by 2024. Benzophenone represents one of the most common active ingredients of sunscreens and UV boosters for skin protection against harmful UV radiation in a wide range of cosmetic and personal care products. It works well in combination with oil-soluble UV filters, boosting sun-screening properties. It is water-soluble and therefore ideal for protecting formulations from UV exposure.

With growing awareness of the importance of SPF protection, especially in regions like Europe and North America, the demand for effective UV boosters such as benzophenone is growing. Consumers are increasingly looking for products that can provide reliable sun protection, hence driving the growth of benzophenone in skin care, makeup, and other cosmetic applications.

Recently, however, benzophenone has also raised concerns due to its possible toxic effects, particularly its skin penetration and endocrine disruption capabilities. With consumers becoming more aware of these problems, manufacturers may have to reformulate the products in order to appeal to concerned consumers and continue the phenomenal growth rate of this key UV booster.

In 2024, the global UV Booster market for UV Booster Benzophenone product segment will generate a net worth of US$ 47.1 million.

Competitive Landscape

The market growth for UV Booster is being driven by leading companies such as Allnex, Perma Chink Systems Inc., BASF SE, Clariant AG, Solvay SA, Huntsman Corporation, Milliken Chemical, Spectrum Chemical, Adeka Corporation, Croda International PLC.

These important companies used a variety of primary strategies, such as product releases, mergers and acquisitions, expansions, and deals, to strengthen their positions in the UV Booster market. Major attention was paid to the deals and expansions.

As an instance :

• In April 2023, Allnex reached a milestone when it mechanically completed the new manufacturing hub in Jiaxing, China - another critical step forward in its strategic expansion into greener resins. Operations are expected to start in phases during the second half of 2023.
• In October 2022, Clariant introduced AddWorks® AGC 970, a novel light stabilizer for agricultural polyethylene films to improve resistance to UV exposure and agrochemicals with innovation spirit in agricultural fields.
• In April 2022, Allnex launched a new UV Booster product under the name of Allnex UV-101, which is used in hair care and skin care.
• In March 2022, Perma Chink Systems Inc. announced a new line of UV-stable water-repellent coatings for furniture and equipment used outdoors.
• In May 2022, BASF SE acquired the company Perstorp's UV Booster business, this widened its product portfolio within the cosmetic and personal care industry.

Fact.MR has provided detailed information about the price points of key manufacturers of UV Booster positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of UV Booster Market

• 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
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa