Global Emollient Esters Market To Cross USD 1,076.9 MN By 2024
Posted On October 10, 2018
The new market report published by Value Market Research based on Global Emollient Easters Market covers comprehensive information regarding market trends, projections, competitions, and recent developments. As per the findings, the global emollient esters market was valued USD 743.8 MN (by revenue) in 2017 and is anticipated to reach USD 1,076.9 MN by 2024 with a CAGR of 5.5%. The market report covers vital statistics related to global market share and market size. The future market growth data assists in identifying the new product launches and drive revenue growth and profitability opportunities.
Emollient esters offer numerous excellent properties to the personal care products in solving the complex problem during the production of cosmetic products. The rising demand for skin care and cosmetic products across the personal care industry is the major key factor driving market growth. Also, increasing geriatric population base along with the fast growth in the personal care industry is again fueling the market growth. Further, significant growth of men's grooming industry is also propelling the market growth. Growing usage of halal beauty products and bio-based personal products is stimulating the industry expansion.
The report - "Global Emollient Esters Market Report By Product (Isopropyl Myristate, C12-15 Alkyl Benzoate, Caprylic/Capric Triglyceride, Cetyl Palmitate, Myristyl Myristate), Application (Skin Care, Hair Care, Cosmetics and Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2017-2024" entails thoughtful insights, facts, historical data, and statistically supported and industry-validated market information.
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Emollient esters are the most common ingredient which is used in personal care formulations which imparts a soft or smooth effect to the skin. Emollients are considered as the multi-functional ingredient that offers various benefits such as reducing skin blemishes and wrinkles, moisturizing and enhancing the texture of hair and skin, supplementing cell count, and it also acts as an active solvent. The personal care industries are the important end users of emollient esters as they improve the sensorial sensation when added to cosmetic products.
The report segmentation covers product type, application, and region. By product type, the market has been classified into isopropyl myristate, C12-15 alkyl benzoate, caprylic/capric triglyceride, cetyl palmitate, myristyl myristate. Among which, isopropyl myristate is dominating the segment as it is mostly used in skin care products as skin conditioning emollients. Also, it is an important cosmetic ingredient and offers a soft feeling to the skin and, therefore, it is highly preferred by personal care product manufacturers. Application area covers skin care, hair care, cosmetics and others. Out of which, skin care is leading the application segment owing to the rising demand of emollient ester in moisturizers, anti-aging skin products, and sun care products.
Regionally, the market has been studied across the areas of North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Europe is dominating the global emollient market owing to the change in lifestyle, rising awareness regarding personal hygiene is driving the market growth. Also, since most of the major manufacturer is located in Europe is another major factor expected to fuel the industry expansion in the region.
The Report Segments Global Emollient Easter Market -
- Isopropyl Myristate
- C12-15 Alkyl Benzoate
- Caprylic/Capric Triglyceride
- Cetyl Palmitate
- Myristyl Myristate
- Skin Care
- Hair Care
- Others (Oral Care, etc.)
- North America
- Latin America
- Middle East & Africa
Major Players Outlined
AAK AB, Ashland, BASF, Croda International PLC, Evonik Industries AG, Lipo Chemicals, Lonza Group Ltd., and Lubrizol Corporation.
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