Los Angeles, January 2, 2020 - QY Research has come up with a new report titled, “Global 4,4-Dihydroxybenzophenone (CAS 611-99-4) Market Research Report 2019,” which offers a critical analysis of the market along with detail study of market dynamics, segmentation, regional growth, and profile of the top players. As per the report, the global 4,4-Dihydroxybenzophenone (CAS 611-99-4) market was valued at US$ 7.3 Mn in 2018 and it is predicted to obtain the value of US$ 10.8 Mn by the end of 2025.
The global 4, 4-Dihydroxybenzophenone (CAS 611-99-4) market is projected to record at a moderate CAGR of 5.7% from 2018 to 2025. Largescale application in skincare products is likely to create new avenues for 4, 4-Dihydroxybenzophenone in the cosmetic industry.
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Cosmetics Industry - A Lucrative Opportunity for the Growth of 4,4-Dihydroxybenzophenone Market
Some of the major applications of the 4,4-Dihydroxybenzophenone are in cosmetics as a UV light stabilizer, in adhesive, optical fiber, plastics, coatings, and printed circuit boards, which is expected to create lucrative revenue for the market. Huge demand for cosmetic products such as lipsticks, nail-paints, hair products, and sunscreens has resulted in demand for 4,4-Dihydroxybenzophenone due to its UV light barrier quality. Its application in various products as protection from UV irradiation has triggered its largescale usage in the cosmetic industry. It also has applications as a light absorber in paints and plastics and as light shield in coatings in the industrial sector, which is likely contributing to the growth of the 4,4-Dihydroxybenzophenone market.
Protection Against UV light – A Major Reason for the Growth of the Application Segment
The application segment is a prominent segment of the market, which includes Pharmaceutical, UV Light Stabilizer, and Others. 4,4-Dihydroxybenzophenone is used to protect polymers against degradation caused by light exposure. It has a major application as a UV barrier to protect the contents of packages in consumer and industrial and Pharmaceutical sector. This is likely to boost the growth of the application segment. The type segment is another important segment, which is divided into Minimum Purity 99%-99.5%, Minimum Purity <99%, and Minimum Purity 99.5%.
Rising Popularity of Skincare Products to Boost the Growth of the Asia-Pacific Market
The increasing cosmetic industry along with growing popularity of the skin care products particularly, sunscreen lotions and creams is likely to foster the growth of the market in the Asia-Pacific region. The creams that provide protection against sun light have seen rising demand as some parts of the region have high temperatures, which have serious consequences on the skin. This has resulted in the bloom of the cosmetic industry, which is likely to boost the growth of the regional 4,4-Dihydroxybenzophenone market.
Strengthening Geographical Presence: Top Priority of the Key Players
Some of the manufacturers covered in the report are Xiangyang Furunda, Wuhan Eastin Chemical, Hubei Xinghengkang Chemical, Jinan Rouse Industry, Hubei Marvel-Bio Medicine, and Masteam Bio-tech. The major companies operating in the global 4,4-Dihydroxybenzophenone market are involved in R&D along with mergers and acquisitions, collaboration, and partnerships to strengthening their geographical presence.
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