Dublin, Sept. 30, 2021 (GLOBE NEWSWIRE) -- The "Sunscreen Ingredients: Global Market to 2026" report has been added to ResearchAndMarkets.com's offering.
Growth in consumption of skincare products led by climate changes is likely to create lucrative opportunities for the global sunscreen ingredient market between 2021 and 2031. Various companies are introducing several UV filters based on climate conditions and personal skin types. Companies are providing sunscreen ingredients with a wide price range, which is also driving the global market. Increasing awareness of sun protection and ozone layer depletion, which is the leading cause of skin cancer and diseases, acts as a driving force for the sunscreen ingredient market. Marketing campaigns and advertisements are other factors boosting the demand for sun care products, as well as sunscreen ingredients. The key factors hindering the growth of the market are the strict government regulations, especially in the U.S. and Europe.
L'Oreal SA, BASF, DSM and Croda International are among the companies that have taken initiatives to promote the use of sunscreen ingredients in the cosmetics industry.
The U.S. and Europe are the main global markets for sunscreen ingredients due to increased consumer awareness, aging baby boomer populations, the availability of a wide variety of easy-to-use products, the growing significance of organic and natural formulations and aesthetic concerns. Latin America is also showing dynamic growth, primarily driven by Brazil. Brazil's rapid growth could make the Latin American region a future contender for the top three global positions, replacing the Asia-Pacific region. The number one position, however, will continue to be held by Europe. Global consumers are increasingly aware of the dangers of sun damage, and they are looking more for products with sun protection properties.
The global market for sunscreen ingredients is forecast to grow from $691.6 million in 2021 to $787.0 million by 2026, at a compound annual growth rate (CAGR) of 2.6% for the period of 2021-2026.
This report covers the technological, economic and business considerations of the sunscreen ingredient industry, with analyses and forecasts provided for global markets. It also includes descriptions of market forces relevant to the sunscreen ingredient industry and their areas of application.
Global markets are presented for the size of sunscreen ingredient segments, along with growth forecasts through 2026. Estimates of sales value are based on the price in the supply chain. Market-driving forces and industry structure are examined. International aspects are analyzed for all global regions and sunscreen ingredient types. Profiles of major global manufacturers are presented.
This report considers the impact of COVID-19. In 2020, the growth rate of every global industry was impacted by the pandemic. The developing COVID-19 pandemic has currently halted the progress of every economy. In addition to taking measures to lock down their respective countries to contain the spread of the coronavirus, especially in affected cities, various governments are also taking the measures necessary to contain the economic slowdown.
The sunscreen ingredient market is further segmented based on its protection type: UVB, UVA I, UVB/UVA I and UVB/UVA I-II. The market is also segmented into applications, including sun care, skin care and hair care. It is further segmented into organic and inorganic sunscreen ingredient types.
The Report Includes:
Up-to-date analysis of current and future global markets for sunscreen ingredients
Analyses of the global market trends, with data from 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
Highlights of key enabling technologies for sunscreen ingredients, major market dynamics (DROs), regulatory scenario, and COVID-19 impact on the progress of this market
Evaluation and forecast the sunscreen ingredients market size (product sales in USD millions), and corresponding market share analysis by protection type, sunscreen ingredients type, application, and region
Discussion of the sunscreen ingredients industry structure, opportunities and trends estimating current and future demand, technology updates, and other macroeconomic factors affecting the market
Identification of the companies best positioned to meet this demand owing to their proprietary technologies, M&A deals, collaborations, joint ventures, and other corporate strategies
Insight into growth development strategies of key market players operating within the global sunscreen ingredients market; their key competitive landscape and company share analysis
Descriptive company profiles of the major market players, including Ashland Inc., BASF, Evonik Industries, L'Oreal SA, and Royal DSM
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Technology Background
Origin of Sunscreen Ingredients
Value Chain Analysis
Chapter 4 Market Trends
Impact of the COVID-19 Pandemic
Excerpts of Primary Interviews with Experts
Chapter 5 Market Breakdown by Type of Protection
Benzophenone-3 or Oxybenzone
Chapter 6 Market Breakdown by Type of Ingredient
Chapter 7 Market Breakdown by Application
Chapter 8 Market Breakdown by Region
Chapter 9 Competitive Landscape
Company Market Shares of Sunscreen Ingredients
Chapter 10 Company Profiles
Sunjin Beauty Science Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/rn374u
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