Sales of UV filters in South Asia & Oceania are estimated at US$ 2.27 billion in 2023 and are forecasted to increase at 7% CAGR to reach US$ 3.71 billion by the end of the study period (2023 to 2033).

Market Overview

The UV filter market in South Asia and Oceania is witnessing significant growth due to increased awareness of sun protection and a growing cosmetics industry. Consumers in these regions are prioritizing skincare products with UV protection, driven by rising concerns over skin health and UV-induced damage. Innovations in sunscreen formulations and broader adoption of SPF-integrated products in daily skincare routines are fueling market expansion​

Key Players

Prominent players in the UV filter market include BASF, Symrise, DSM, and Ashland. BASF recently enhanced its production capabilities with a new UV filter plant in China, aiming to meet rising regional demand. Similarly, DSM introduced Parsol DHHB, a UVA filter catering to the growing preference for multifunctional skincare products. Symrise launched Neo Heliopan EHT, a water-resistant UVB filter, further strengthening its portfolio in this segment​

Future Opportunities

The market is poised for substantial growth due to the increasing use of organic and natural UV filters. With a growing inclination toward clean beauty and environmentally friendly products, there is a rising demand for alternatives like titanium dioxide and zinc oxide as natural UV filters. Moreover, the expansion of e-commerce platforms has opened new avenues for product accessibility and market penetration across diverse demographics. The integration of advanced technologies for improved efficacy, such as nano-encapsulation in formulations, presents another lucrative opportunity​

Market Analysis

The UV filter market is segmented by type (organic and inorganic filters), SPF levels, formulation types, and geographic regions. Organic filters, including PABA and cinnamates, dominate due to their high efficiency, while inorganic filters like zinc oxide cater to the demand for safer and eco-friendly options. The South Asia and Oceania regions are experiencing growth driven by increasing disposable income and heightened urbanization, leading to greater awareness of personal care products​

Recent Updates and Industry News

The market has seen notable developments:

1. BASF's new production facility in China (2023)enhances the supply chain for UV filters, particularly benefiting Asian markets​
2. DSM's Parsol DHHB launchallows manufacturers to develop SPF products with advanced UVA protection​
3. Symrise's Neo Heliopan EHT introductioncaters to the demand for high-SPF, water-resistant formulations​

Latest Industry Trends

The industry's trajectory aligns with global trends emphasizing sustainability. The demand for reef-safe sunscreens, devoid of harmful chemicals like oxybenzone and octinoxate, is gaining traction. Regulatory changes across regions are encouraging manufacturers to adapt and innovate. Additionally, the adoption of wearable UV monitoring devices is fostering awareness about sun safety, indirectly boosting the UV filter market​

In conclusion, the UV filter market in South Asia and Oceania is evolving rapidly, driven by innovative products, increased awareness, and sustainable practices. With a dynamic competitive landscape and expanding opportunities, the market is set for robust growth in the coming years.

Read More –

The global polyvinyl alcohol market is forecasted to increase at 6.5% CAGR from 2023 to 2033. Global demand for polyvinyl alcohol (PVA) is valued at US$ 1.06 billion in 2023 and is thus expected to reach a market size of US$ 1.9 billion by the end of 2033.

The global plasterboard market is valued at US$ 26.65 billion in 2023 and is projected to reach US$ 46.3 billion by 2033, expanding steadily at a CAGR of 5.7% from 2023 to 2033.

The global phosgene market is valued at US$ 4.76 billion in 2023 and is forecasted to reach US$ 8.4 billion by the end of 2033, expanding at a CAGR of 5.8% from 2023 to 2033.

The global multifunctional resins market is set to estimate a valuation of US$ 51.6 billion in 2023 and it is expected to grow at a CAGR of 5.9% to reach US$ 91.7 billion by the end of 2033.

The vacuum deaerators market is projected to reach US$ 190.53 million in 2023. The vacuum deaerators industry is anticipated to increase at a CAGR of 3.5% from 2023 to 2033, reaching US$ 268.77 million.

The global twin screw extruder market is expected to be worth US$ 1.25 billion in 2023. From 2023 to 2033, the twin screw extruder industry may expand at a CAGR of 4.5%, reaching US$ 1.95 billion.