Global UV-360 Market was valued at USD 500 Million in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 10.1% from 2024 to 2030.
The UV-360 market is experiencing significant growth, driven by the increasing demand for ultraviolet (UV) absorbers across various industries. UV-360, also known as 2,2'-methylenebis[4-tert-octyl-6-(2H-benzotriazol-2-yl)]phenol, is a benzotriazole-type UV absorber renowned for its exceptional performance in protecting materials from UV radiation. Its applications span automotive coatings, plastics, and other synthetic materials, making it a critical component in enhancing product durability and longevity.
In 2022, the global UV-360 market was valued at approximately USD 3.5 billion. Projections indicate a robust growth trajectory, with the market expected to reach USD 7.1 billion by 2030, reflecting a compound annual growth rate (CAGR) of 9.5% from 2024 to 2030. This growth is attributed to the escalating adoption of UV-360 in sectors such as automotive, construction, and consumer goods, where protection against UV degradation is paramount.
Key players in the UV-360 market include BASF, MPI Chemie, TNJ Chemical, Warshel Chemical, Shandong Look Chemical, GYC Group, Johoku Chemical, Haihang Industry, Everlight Chemical Industrial, Wuhan Fortuna Chemical, and Hebei Kangzhuang Environmental Technology. These companies are at the forefront of innovation, developing advanced formulations and expanding their production capacities to meet the rising demand for UV-360.
The market is segmented based on type, application, and geography. Geographically, North America, Europe, and the Asia Pacific region are the primary markets for UV-360, with Asia Pacific anticipated to witness the highest growth due to rapid industrialization and increasing manufacturing activities in countries like China and India.
In conclusion, the UV-360 market is poised for substantial growth, driven by its critical role in enhancing the durability and performance of materials across various industries. The ongoing advancements in UV absorber technologies and the expanding applications of UV-360 are expected to further propel market expansion in the coming years.
Get an In-Depth Research Analysis of the Global UV-360 Market Size And Forecast [2025-2032]
BASF
MPI Chemie
TNJ Chemical
Warshel Chemical
Shandong Look Chemical
GYC Group
Johoku Chemical
Haihang Industry
Everlight Chemical Industrial
Wuhan Fortuna Chemical
Hebei Kangzhuang Environmental Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global UV-360 Market
Arylic Resins
Polyalkylene Terephthalates
Polycarbonates
Modified Polyphenylene Ether
Others
Based on Types the Market is categorized into Below types that held the largest UV-360 market share In 2023.
Above 98%
Above 99%
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global UV-360 Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global UV-360 Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global UV-360 Market, By Type
6. Global UV-360 Market, By Application
7. Global UV-360 Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global UV-360 Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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