Avobenzone, a chemical compound with the chemical formula C20H22O3, is a dibenzoylmethane derivative and an oil-soluble sunscreen ingredient that absorbs the complete spectrum of UVA rays. According to BlueQuark Research & Consulting, the Global Avobenzone market is expected to witness a significant growth rate during the forecasted period. Factors like the use of Avobenzone in the Pharmaceuticals industry to manufacture products for various skin conditions such as freckles, hyperpigmentation, age spots, and melasma are estimated to drive the Global Avobenzone market. Further, Avobenzone is a component of cosmetics owing to its ability to enhance cosmetic ingredients and protect the product from sun exposure that ruins elements, thereby increasing the shelf life of the products. Its ability to direct sunlight to less damaging ones has increased its addition to cosmetics and is projected to drive the Global Avobenzone market. However, Avobenzone cannot be employed alone and requires the addition of other chemicals to manufacture products from it, and the combination of Avobenzone with compounds like octocrylene may cause heightened skin sensitivity that causes dry skin or severe acne. Its environmental persistence increases once the sunlight degrades and breaks it down, and stringent government regulations restricting its use in various products are expected to inhibit the growth of the global Avobenzone market.

Avobenzone has trade names such as Parsol 1789, Milestab 1789, Eusolex 9020, Escalol 517, Neo Heliopan 357, and others and is an FDA-approved compound that acts as a sunscreen product agent and is employed in personal care products and cosmetics. This has boosted the scope of research and development to unveil the unknown benefits of Avobenzone so that its applications can be maximized.

The Personal care and Cosmetics industry is the vital consumer of Avobenzone and is projected to drive the Global Market. Avobenzone can absorb ultraviolet radiation over a more extensive range of wavelengths, and it is present in a lot of commercially available wide-spectrum sunscreens. The chemical structure of the sunscreen ingredient influences the amount and wavelength of UV light absorbed. Further, it blocks UVA I, UVA II, and UVB wavelengths, thereby limiting the consequence of UV rays on the skin. The ability to absorb UV radiation across broader wavelengths than many organic sunscreen ingredients has led to its inclusion in many commercial "broad spectrum" sunscreen formulations. In addition to decreasing skin exposure to the sun, sunscreen agents may help reduce long-term sun damage like premature aging and skin cancer. It has also been used in anti-aging products to prevent sagging skin and wrinkle and function.

Some of the market's key players are Making Cosmetics Inc., NS Chemicals, Merck KGaA, Chemspec Chemicals Pvt. Ltd., Aeco Chemical Industrial Co, Selleck Chemicals, Sandream Specialties, Wuhan BJM Pharm Inc., and Anshul Life Sciences, among others.

The North American region is poised to be the leader in the production and subsequent consumption of Avobenzone, with most of the consumption in countries like the U.S. and Canada. The global beauty industry market was valued at USD 511 billion in 2021, and the U.S. cosmetic market is worth a staggering USD 62.46 billion. Along with it, Americans spend approximately USD 197.01 on beauty products. In addition to this, women in the U.S. spend roughly USD 313 per month on beauty products. The increasing awareness amongst consumers regarding the harmful effects of ultraviolet rays is projected to propel the Avobenzone market in the region . The global beauty market has witnessed strong growth even in times of massive economic downturns, such as the global financial crisis of 2008, and people have been spending a substantial amount of money on beauty products. Further, it is estimated that about 9,500 people in the US are recognised with skin cancer daily. Research estimates that various skin cancers affect more than 3 million Americans a year. With the increasing need for sunscreen to minimize the risk of skin cancer, the demand for Avobenzone has escalated in the region. Factors like these have made North America a lucrative area for growth in the Avobenzone market.

In October 2021, India-based clean beauty skincare brand Minimalist launched Multi-Vitamin SPF 50 PA ++++ Sunscreen formulated with four very effective UV filter, namely, Uvinul T 150, Avobenzone, Octocrylene, and Titanium Dioxide .

Global Avobenzone Market report provides deep insight into the market's current and future state across various regions. The study comprehensively analyses the Avobenzone market by segmenting based on the Purity (Purity less than 98%, Purity between 98%-99%, Purity more than 99%), Application (Lotion, Lip Balm, Spray, Pharmaceutical Products, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.