The global sun protection active ingredients market is expected to rise 68% to $1.370.3 billion by 2033, according to a new report by Fact.MR.
The value of the market this year is set to be $816.3m and annual growth over the next ten years will be 5.3%, it added.
China is forecast to see annual growth of 6.6% out to 2033, Europe 5.1% and the US 5.4%.
“The market for sun protection active ingredients has grown as a result of regional economic expansion and customer desire for high-quality cosmetics with longer shelf lives,” said a Fact.MR spokeswoman.
“This is expected to give the market an absolute dollar opportunity worth US$ 373.6 million between 2028-2033,” she added.
The Sun Protection Active Ingredient Market Outlook (2023 to 2033) report states titanium dioxide segment is expected to hold the prominent market share of 17.0% of the global target market.
Prominent sun protection active ingredients manufacturers, it says, include BASF, Symrise, DSM, Ashland, Sunjin Beauty Science, Croda, Salicylates and Chemicals, Clariant and Galaxy Surfactants.
