The global market for sunscreen ingredients should 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.
The UVB protection for sunscreen ingredients should grow from $334.4 million in 2021 to $375.8 million by 2026, at a CAGR of 2.4% for the period of 2021-2026.
The UVB/UVA I-II protection for sunscreen ingredients should grow from $87.9 million in 2021 to $104.9 million by 2026, at a CAGR of 3.6% for the period of 2021-2026.
Report Scope
This report will cover the sunscreen ingredient industry. Definitive and detailed estimates and forecasts of the global market are provided, followed by a detailed analysis of the regions, protection types, sunscreen types and applications.
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:
- 113 tables
- 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’Oréal SA, and Royal DSM
Table of Contents
Chapter 1 Introduction
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of This Report
- Information Sources
- Methodology
- Geographic Breakdown
- Analyst's Credentials
- Custom Research
- Related Reports
Chapter 2 Summary and Highlights
Chapter 3 Technology Background
- Origin of Sunscreen Ingredients
- Efficacy
- Safety
- Registration
- Patent Process
- Value Chain Analysis
Chapter 4 Market Trends
- Market Dynamics
- Drivers
- Restraints
- Challenges
- Opportunities
- Impact of the COVID-19 Pandemic
- Excerpts of Primary Interviews with Experts
Chapter 5 Market Breakdown by Type of Protection
- Introduction
- UVB
- Homosalate
- Para-Aminobenzoic Acid
- Octisalate
- Octinoxate
- Octyltriazone
- Cinoxate
- UVB/UVA II
- Octocrylene
- Titanium Dioxide
- Benzophenone-3 or Oxybenzone
- Ensulizole
- UVA I
- Iscotrizinol
- Avobenzone
- Ecamsule
- Meradimate
- UVB/UVA I-II
- Zinc Oxide
Chapter 6 Market Breakdown by Type of Ingredient
- Introduction
- Organic
- Inorganic
Chapter 7 Market Breakdown by Application
- Introduction
- Sun Care
- Skin Care
- Hair Care
- Other Applications
Chapter 8 Market Breakdown by Region
- Global Market for Sunscreen Ingredients
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Chapter 9 Competitive Landscape
- Company Market Shares of Sunscreen Ingredients
Chapter 10 Company Profiles
- Ashland Inc.
- BASF
- Croda International
- Evonik Industries
- Galaxy Surfactants
- L'oreal Sa
- Royal Dsm
- Symrise Ag
- Sensient Technologies
- Sunjin Beauty Science Co., Ltd.
Chapter 11 Appendix: Acronyms
List of Tables
Table A: Typical Global Safety Parameters of a New Sunscreen
Summary Table: Global Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 1: Major Sunscreen Ingredients
Table 2: Global Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 3: Global Market for Sunscreen Ingredients for UVB Protection, by Region, Through 2026
Table 4: Global Market for Sunscreen Ingredients for UVB/UVA I Protection, by Region, Through 2026
Table 5: Global Market for Sunscreen Ingredients for UVA I Protection, by Region, Through 2026
Table 6: Global Market for Sunscreen Ingredients for UVB/UVA I-II Protection, by Region, Through 2026
Table 7: Patented Sunscreen Ingredient Samples
Table 8: Global Market for Organic Sunscreen Ingredients, by Region, Through 2026
Table 9: Global Market for Inorganic Sunscreen Ingredients, by Region, Through 2026
Table 10: Global Market for Sunscreen Ingredients, by Application, Through 2026
Table 11: Global Market for Sunscreen Ingredients in Sun Care Applications, by Region, Through 2026
Table 12: Global Market for Sunscreen Ingredients in Skin Care Applications, by Region, Through 2026
Table 13: Global Market for Sunscreen Ingredients in Hair Care Applications, by Region, Through 2026
Table 14: Global Market for Sunscreen Ingredients in Other Applications, by Region, Through 2026
Table 15: Comparison of International Regulations of Sunscreen Ingredients
Table 16: Global Market for Sunscreen Ingredients, by Region, Through 2026
Table 17: Organic Sunscreen Ingredients Used in North America
Table 18: North American Market for Sunscreen Ingredients, by Country, Through 2026
Table 19: North American Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 20: North American Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 21: North American Market for Sunscreen Ingredients, by Application, Through 2026
Table 22: U.S. Approved Sunscreen Ingredients
Table 23: U.S. Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 24: U.S. Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 25: U.S. Market for Sunscreen Ingredients, by Application, Through 2026
Table 26: Canadian Approved Sunscreen Ingredients
Table 27: Canadian Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 28: Canadian Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 29: Canadian Market for Sunscreen Ingredients, by Application, Through 2026
Table 30: European Approved Sunscreen Ingredients
Table 31: Sunscreen Ingredients Used in Europe
Table 32: European Market for Sunscreen Ingredients, by Country, Through 2026
Table 33: European Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 34: European Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 35: European Market for Sunscreen Ingredients, by Application, Through 2026
Table 36: German Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 37: German Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 38: German Market for Sunscreen Ingredients, by Application, Through 2026
Table 39: Spanish Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 40: Spanish Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 41: Spanish Market for Sunscreen Ingredients, by Application, Through 2026
Table 42: U.K. Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 43: U.K. Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 44: U.K. Market for Sunscreen Ingredients, by Application, Through 2026
Table 45: Italian Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 46: Italian Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 47: Italian Market for Sunscreen Ingredients, by Application, Through 2026
Table 48: French Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 49: French Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 50: French Market for Sunscreen Ingredients, by Application, Through 2026
Table 51: Rest of the European Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 52: Rest of the European Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 53: Rest of the European Market for Sunscreen Ingredients, by Application, Through 2026
Table 54: Sunscreen Ingredients Used in the Asia-Pacific Region
Table 55: Asia-Pacific Market for Sunscreen Ingredients, by Country, Through 2026
Table 56: Asia-Pacific Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 57: Asia-Pacific Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 58: Asia-Pacific Market for Sunscreen Ingredients, by Application, Through 2026
Table 59: Chinese Approved Sunscreen Ingredients
Table 60: Chinese Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 61: Chinese Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 62: Chinese Market for Sunscreen Ingredients, by Application, Through 2026
Table 63: South Korean Approved Sunscreen Ingredients
Table 64: South Korean Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 65: South Korean Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 66: South Korean Market for Sunscreen Ingredients, by Application, Through 2026
Table 67: Japanese Approved Sunscreen Ingredients
Table 68: Japanese Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 69: Japanese Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 70: Japanese Market for Sunscreen Ingredients, by Application, Through 2026
Table 71: ASEAN Approved Sunscreen Ingredients
Table 72: Indian Approved Sunscreen Ingredients
Table 73: Rest of Asia-Pacific Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 74: Rest of Asia-Pacific Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 75: Rest of Asia-Pacific Market for Sunscreen Ingredients, by Application, Through 2026
Table 76: Sunscreen Ingredients Used in the Latin American Region
Table 77: Latin American Market for Sunscreen Ingredients, by Country, Through 2026
Table 78: Latin American Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 79: Latin American Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 80: Latin American Market for Sunscreen Ingredients, by Application, Through 2026
Table 81: Brazilian Approved Sunscreen Ingredients
Table 82: Brazilian Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 83: Brazilian Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 84: Brazilian Market for Sunscreen Ingredients, by Application, Through 2026
Table 85: MERCOSUR Approved Sunscreen Ingredients
Table 86: Rest of Latin American Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 87: Rest of Latin American Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 88: Rest of Latin American Market for Sunscreen Ingredients, by Application, Through 2026
Table 89: South African Approved Sunscreen Ingredients
Table 90: Middle Eastern and African Market for Sunscreen Ingredients, by Type of Protection, Through 2026
Table 91: Middle Eastern and African Market for Sunscreen Ingredients, by Type of Ingredient, Through 2026
Table 92: Middle Eastern and African for Market for Sunscreen Ingredients, by Application, Through 2026
Table 93: Ashland Inc.: Annual Revenue, 2018-2020
Table 94: Ashland Inc.: Annual Revenue, 2018-2020
Table 95: BASF: Annual Revenue, 2018-2020
Table 96: BASF: Annual Revenue, by Segment, 2018-2020
Table 97: Croda International: Annual Revenue, 2018-2020
Table 98: Croda International: Annual Revenue, 2018-2020
Table 99: Evonik Industries: Annual Revenue, 2018-2020
Table 100: Evonik Industries: Annual Revenue, 2018-2020
Table 101: Galaxy Surfactants: Annual Revenue, 2018-2020
Table 102: L’Oréal SA: Annual Revenue, 2018-2020
Table 103: L’Oréal SA: Revenue, 2018-2020
Table 104: Royal DSM: Annual Revenue, 2018-2020
Table 105: Royal DSM: Revenue, 2018-2020
Table 106: Symrise AG: Annual Revenue, 2018-2020
Table 107: Symrise AG: Annual Revenue, 2018-2020
Table 108: Sensient Technologies: Annual Revenue, 2018-2020
Table 109: Sensient Technologies: Annual Revenue, 2018-2020
Table 110: Sunjin Beauty Science: Annual Revenue, 2018-2020
Table 111: Other Major High-Temperature Fiber Manufacturers
Table 112: Acronyms Used in This Report
List of Figures
Summary Figure: Global Market for Sunscreen Ingredients, by Type of Protection, 2020-2026
Figure 1: Sunscreen Ingredient Market Value Chain
Figure 2: Global Incidence of Melanoma, by Region, 2018
Figure 3: Global Incidence of Non-Melanoma, by Region, 2018
Figure 4: World Health Organization Recommendations for Sun Protection
Figure 5: Global Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 6: Global Market Shares of Sunscreen Ingredients for UVB Protection, by Region, 2020
Figure 7: Global Market Shares of Sunscreen Ingredients for UVB/UVA I Protection, by Region, 2020
Figure 8: Global Market Shares of Sunscreen Ingredients for UVA I Protection, by Region, 2020
Figure 9: Global Market Shares of Sunscreen Ingredients for UVB/UVA I-II Protection, by Region, 2020
Figure 10: Sunscreen Ingredients
Figure 11: Global Market Shares of Organic Sunscreen Ingredients, by Region, 2020
Figure 12: Global Market Shares of Organic Sunscreen Ingredients, by Region, 2020
Figure 13: Global Market for Sunscreen Ingredients, by Application, 2020-2026
Figure 14: Global Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 15: Global Market Shares of Sunscreen Ingredients in Sun Care Applications, by Region, 2020
Figure 16: Global Market Shares of Sunscreen Ingredients in Skin Care Applications, by Region, 2020
Figure 17: Global Market Shares of Sunscreen Ingredients in Hair Care Applications, by Region, 2020
Figure 18: Global Market Shares of Sunscreen Ingredients in Other Applications, by Region, 2020
Figure 19: Global Market for Sunscreen Ingredients, by Region, 2020-2026
Figure 20: Global Market Shares of Sunscreen Ingredients, by Region, 2020
Figure 21: North American Market Shares of Sunscreen Ingredients, by Country, 2020
Figure 22: North American Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 23: North American Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 24: North American Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 25: U.S. Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 26: U.S. Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 27: U.S. Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 28: Canadian Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 29: Canadian Market Shares of Sunscreen Ingredients, Type of Ingredient, 2020
Figure 30: Canadian Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 31: European Market Shares of Sunscreen Ingredients, by Country, 2020
Figure 32: European Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 33: European Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 34: European Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 35: German Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 36: German Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 37: German Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 38: Spanish Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 39: Spanish Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 40: Spanish Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 41: U.K. Overseas Visitors, 2010-2020
Figure 42: U.K. Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 43: U.K. Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 44: U.K. Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 45: Number of Tourist Visits to Italy, 2009-2019
Figure 46: Italian Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 47: Italian Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 48: Italian Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 49: French Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 50: French Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 51: French Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 52: Rest of the European Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 53: Rest of the European Market for Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 54: Rest of the European Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 55: Asia-Pacific Market Shares of Sunscreen Ingredients, by Country, 2020
Figure 56: Asia-Pacific Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 57: Asia-Pacific Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 58: Asia-Pacific Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 59: Chinese Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 60: Chinese Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 61: Chinese Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 62: South Korean Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 63: South Korean Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 64: South Korean Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 65: Japanese Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 66: Japanese Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 67: Japanese Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 68: Rest of Asia-Pacific Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 69: Rest of Asia-Pacific Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 70: Rest of Asia-Pacific Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 71: Latin American Market Shares of Sunscreen Ingredients, by Country, 2020
Figure 72: Latin American Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 73: Latin American Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 74: Latin American Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 75: Brazilian Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 76: Brazilian Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 77: Brazilian Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 78: Rest of Latin American Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 79: Rest of Latin American Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 80: Rest of Latin American Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 81: Middle Eastern and African Market Shares of Sunscreen Ingredients, by Type of Protection, 2020
Figure 82: Middle Eastern and African Market Shares of Sunscreen Ingredients, by Type of Ingredient, 2020
Figure 83: Middle Eastern and African Market Shares of Sunscreen Ingredients, by Application, 2020
Figure 84: Global Market Shares of Sunscreen Ingredients, by Company, 2020
Figure 85: Ashland Inc.: Annual Revenue, 2018-2020
Figure 86: Ashland Inc.: Revenue Share, by Segment, 2020
Figure 87: Ashland Inc.: Revenue Share, by Application, 2020
Figure 88: Ashland Inc.: Revenue Share, by Region, 2020
Figure 89: BASF: Annual Revenue, 2018-2020
Figure 90: BASF: Revenue, 2018-2020
Figure 91: BASF: Revenue Share, by Application, 2020
Figure 92: BASF: Revenue Share, by Region, 2020
Figure 93: Croda International: Revenue, 2018-2020
Figure 94: Croda International: Revenue, by Segment, 2018-2020
Figure 95: Croda International: Revenue Share, by Application, 2020
Figure 96: Croda International: Revenue Share, by Region, 2020
Figure 97: Evonik Industries: Annual Revenue, 2018-2020
Figure 98: Evonik Industries: Annual Revenue, by Segment, 2018-2020
Figure 99: Evonik Industries: Revenue Share, by Application, 2020
Figure 100: Evonik Industries: Revenue Share, by Region, 2020
Figure 101: Galaxy Surfactants: Annual Revenue, 2018-2020
Figure 102: Galaxy Surfactants: Revenue Share, by Application, 2020
Figure 103: Galaxy Surfactants: Revenue Share, by Region, 2020
Figure 104: L’Oréal SA: Annual Revenue, 2018-2020
Figure 105: L’Oréal SA: Revenue, by Segment, 2018-2020
Figure 106: L’Oréal SA: Revenue Share, by End-Use, 2020
Figure 107: L’Oréal SA: Revenue Share, by Division, 2020
Figure 108: L’Oréal SA: Revenue Share, by Region, 2020
Figure 109: Royal DSM: Annual Revenue, 2018-2020
Figure 110: Royal DSM: Revenue, by Segment, 2018-2020
Figure 111: Royal DSM: Revenue Share, by End-Use, 2020
Figure 112: Royal DSM: Revenue Share, by Application, 202
Figure 113: DSM Royal: Revenue Share, by Country/Region, 2020
Figure 114: Symrise AG: Annual Revenue, 2018-2020
Figure 115: Symrise AG: Revenue, by Segment, 2018-2020
Figure 116: Symrise AG: Revenue Share, by Segment 2020
Figure 117: Symrise AG: Revenue Share, by Region, 2020
Figure 118: Sensient Technologies: Annual Revenue, 2018-2020
Figure 119: Sensient Technologies: Annual Revenue, by Segment, 2018-2020
Figure 120: Sensient Technologies: Revenue Share, by Application, 2020
Figure 121: Sensient Technologies: Revenue Share, by Region, 2020
Figure 122: Sunjin Beauty Science: Annual Revenue, 2018-2020
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Executive Summary
Sunscreen ingredients are used for absorbing or blocking ultraviolet rays of the sun. They are usually used to protect the skin from exposure to UV rays. Sunscreen ingredients are widely used in the beauty and personal care industry to produce sun care products. This market is primarily driven by the rising concern of consumers regarding the damage caused by UV rays to the skin. These harmful rays cause skin cancer, skin burn and skin tanning, which further propel the demand for sunscreens. An increase in the usage of anti-aging products is likely to be another factor driving the global sunscreen ingredient market in the near future. Climate change and ozone layer depletion are also anticipated to boost the demand for sunscreen ingredients in the next few years.
The global sunscreen ingredient market is competitive due to the presence of well-diversified international and regional players Sunscreen ingredients are used extensively by the global sun care industry due to changes in climate conditions and awareness among people of harmful skin diseases. Well-established distribution channels for cosmetics that help facilitate the flow of products to end-users are present in the global sunscreen ingredient market.
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’Oréal 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 byBrazil. 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.
Companies Mentioned
- Ashland Inc.
- BASF
- Croda International
- Evonik Industries
- Galaxy Surfactants
- L'oreal Sa
- Royal Dsm
- Symrise Ag
- Sensient Technologies
- Sunjin Beauty Science Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 177 |
| Published | September 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 691.6 Million |
| Forecasted Market Value ( USD | $ 787 Million |
| Compound Annual Growth Rate | 2.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
