What is Common Ingredients of Sunscreen Market?
Common Ingredients of Sunscreen is a lotion, spray, or other topical product that protects the skin from ultraviolet radiation from the sun. It reduces the risk of skin cancer by reducing sunburn and other skin damage. The term suntan lotion usually refers to lotion designed to moisturize and maximize UV exposure and tanning rather than block it. These are commonly referred to as indoor tanning lotions when used with tanning beds or simply suntan lotion when used outdoors and may or may not contain SPF protection. The majority of sunscreens function either by incorporating an opaque material that reflects light, such as titanium dioxide or zinc oxide, or an organic chemical ingredient that absorbs UV light, such as oxybenzone.
Highlights from Common Ingredients of Sunscreen Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Coskin Specialties (India), Momentive Performance Materials (United States), Ashland Specialty Chemical (United States), The Innovation Company (France), Uniproma Chemical (United Kingdom), BASF (Germany), Wacker (Germany), Shin-Etsu (Japan), Croda (United Kingdom) and Kobo Products (Canada) |
The market for common sunscreen ingredients is moderately fragmented worldwide. Expansions, investments, the introduction of new services, and collaborations are the companies' preferred methods of market research. In order to gain a competitive edge through global expansion and acquisition, the players are constantly looking for new geographies. Research Analyst at AMA predicts that United States & German Vendors will contribute to the maximum growth of Global Common Ingredients of Sunscreen market throughout the forecasted period.
Coskin Specialties (India), Momentive Performance Materials (United States), Ashland Specialty Chemical (United States), The Innovation Company (France), Uniproma Chemical (United Kingdom), BASF (Germany), Wacker (Germany), Shin-Etsu (Japan), Croda (United Kingdom) and Kobo Products (Canada) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Fuzhou Kuncai Fine Chemicals (China), Campo Research (Singapore) and Others. Common Ingredients of Sunscreen Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Prevent Sunburn, Prevent Photoaging and Prevent Sunburn |
Type | UVB, UVA I, Physical Sunscreen Ingredients, Chemical Sunscreen Ingredients and Other |
On the basis of geography, the market of Common Ingredients of Sunscreen has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Acceptance of CBD Products
Market Growth Drivers:
Rising Awareness about Skin Healing Properties of CBD and Growing Preference for Sustainable Skin Care Products
Challenges:
Possibilities of Product Contamination
Restraints:
Stringent Government Regulations Regarding Common Ingredients of Sunscreen Product Manufacturing
Opportunities:
Rising Awareness about Anti-Inflammatory Properties of Sunscreen and Growing Online Distribution Channel for Common Ingredients of Sunscreen Skin Care Products
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Common Ingredients of Sunscreen Manufacturers, Traders/Exporters/Importers, Government Bodies and Others
Market Leaders & Development Strategies
On 6th January 2021, Momentive Performance Materials, Inc., announced that it has finalized an agreement to acquire KCC Corporation's (KCC) Silicones business, including its sales operations in China, UK, and Korea. This acquisition will further Momentive's global capabilities in advanced silicones and specialized applications.
Sunscreens must adhere to FDA regulations to be considered safe and effective. On September 24, 2021, the FDA published a proposed order outlining revised suggested sunscreen requirements in an effort to increase sunscreen quality, safety, and efficacy. Americans should continue to use sunscreen and other sun protective measures as this critical campaign progresses, given the known public health advantages of doing so.