Bemotrizinol Market: Overview and Dynamics
Bemotrizinol is an oil-soluble organic compound that is used to absorb UV rays with a variable absorption peak of different concentrations. Sunburn, sweat, and sun tanning are some of the major factors of skin injury in a sunny environment. Owing to the inclination of consumers towards quality sunscreens and an increase in disposable income, sales of sun care products are expected to increase. This in turn pushed the bemotrizinol market to rise with a higher single-digit CAGR over the forecast period (2020-2030).
Prominent market players are approaching the initiative of refreshing and effects improvement of bemotrizinol, utilized in skincare, sunscreen, baby care products, etc. This has been observed as a recent trend in the industry, elevating the market revenues to new tangents. For example, Hubei Artec Biotechnology, MFCI, Guangzhou Hony New Material Co. Ltd., etc. amongst others are in the process to launch products with the best SPF boosting quality along with maintaining skin color.
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Bemotrizinol Market: Regional Outlook
Based on regional split, the report “Bemotrizinol Market” takes into account six prominent regions including North America, Europe, Latin America, East Asia, South Asia and Oceania and Middle East & Africa. Bemotrizinol is not approved by the US FDA (United States Food and Drug Administration), however is approved in the European Union and some other parts of the world. Europe holds nearly 40% of the revenue under bemotrizinol market.
Further Asia- pacific is projected to turn out as the most promising region under bemotrizinol market owing to the high exposure to the ultraviolet rays and skin sensation of the people, the region would witness high growth rate for the assessment year 2020-30. Latin America and Middle East Africa account for nominal shares under bemotrizinol market.
Bemotrizinol Market: Key Players
Being a moderately consolidated market, players have dominant presence across regions through streamlined distribution networks BASF, Hubei Artec biotechnology, MFCI co. ltd, Guangzhou Honynew material co. ltd etc. are amongst the prominent players in bemotrizinol market accounting for over 40% of the market revenues.
Market player’s initiative taken by BASF to develop products efficient for skin protections free of any preservative and acquires a long lasting effect on the human skin. BASF has developed a wide range of products named ‘TINOSORB’ providing photo stability and UV protection owing to the applications of the personal care, is set to bolster the bemotrizinol market at a nominal pace.
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The Bemotrizinol Market Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Segmentation Analysis of Bemotrizinol Market
The global bemotrizinol market is divided into four major segments: application, end use application, and region.
On the basis of application, Bemotrizinol market has been segmented as follows:
On the basis of end user application, Bemotrizinol market has been segmented as follows:
- Chemical industry
- Pharmaceutical industry
On the basis of geographic regions, Bemotrizinol market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
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