Emollient Esters Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Emollient Esters Market Analysis
The market for emollient esters is expected to develop at a CAGR of over 3% during the forecast period. The major factor driving the growth of the market is increasing demand for personal care and beauty products and growing awareness regarding personal hygiene. Unfavorable conditions arising due to the sudden outbreak of COVID-19 is anticipated to foil the growth of the market during the forecast period.
- Emollient Esters are used extensively in cosmetics and personal care related items. Demand for caprylic capric triglycerides is expected to rise due to its skin smoothening and antioxidant benefits.
- Asia-Pacific region is expected to be the fastest-growing market due to the large-scale production as well as consumption of the emollient esters products and their derivatives.
Emollient Esters Market Trends
This section covers the major market trends shaping the Emollient Esters Market according to our research experts:
Caprylic/Capric Triglyceride Demand to Boost Emollient Esters Market
- Caprylic Capric Triglycerides is an oily fluid, processed from blending coconut oil with glycerin. This mixture is often called capric triglyceride. It helps with smoothening the skin and furthermore works as an antioxidant.
- These compounds are made of naturally occurring fatty acids. The high-fat substance in them nearby their surface and antioxidizing attributes, make them ideal for chemical and skincare items.
- In 2019, the market estimation of the worldwide cosmetics business is estimated to be USD 537.7 billion and is anticipated to reach a value of USD 758.4 billion by 2025. This is expected to increase the demand for caprylic capric triglycerides in the market.
- All the aforementioned factors are expected to drive the Emollient Esters market during the forecast period.
Asia-Pacific to be the Fastest Growing Emollient Esters Market
- Asia-Pacific is anticipated to be the fastest-growing market owing to the huge demand for cosmetics and skin care products from the enormous population residing in the region.
- Revenue in the Skin Care segment from the Asia-pacific region is estimated to be USD 63.12 billion in 2020. The market is anticipated to grow annually by 4.6%.
- In 2020, China's revenue in the hair care segment is projected to be USD 8.35 billion. It is forecasted to grow annually by 4.4%.
- In 2020, Japan is expected to generate a revenue of USD 6.88 billion from its cosmetics business segment and is predicted to grow at a rate of 2.1% annually.
- Thus, rising demand from various industries coupled with government support is expected to drive the market studied in the region during the forecast period.
Emollient Esters Industry Overview
The market for emollient esters is partially fragmented. Some of the players in the market include BASF SE, Evonik, Ashland, The Lubrizol Corporation, and Croda International Plc.
Emollient Esters Market Leaders
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Evonik
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Ashland
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The Lubrizol Corporation
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Croda International Plc
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BASF SE
*Disclaimer: Major Players sorted in no particular order
Emollient Esters Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing demand for personal care and cosmetic products
- 4.1.2 Other Drivers
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4.2 Restraints
- 4.2.1 Unfavourable Conditions due to COVID-19 Outbreak
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Products
- 5.1.1 Isopropyl Myristate
- 5.1.2 C12-15 Alkyl Benzoate
- 5.1.3 Caprylic/Capric Triglyceride
- 5.1.4 Cetyl Palmitate
- 5.1.5 Myristyl Myristate
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5.2 End-User
- 5.2.1 Skin Care
- 5.2.2 Hair Care
- 5.2.3 Cosmetics
- 5.2.4 Oral Care
- 5.2.5 Others
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 ABITEC
- 6.4.2 Ashland
- 6.4.3 BASF SE
- 6.4.4 Croda International Plc
- 6.4.5 Evonik
- 6.4.6 Innospec
- 6.4.7 Lonza
- 6.4.8 PHOENIX CHEMICAL, INC.
- 6.4.9 Stepan Company
- 6.4.10 The Lubrizol Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Emollient Esters Industry Segmentation
The Emollient Esters Market report includes:
| Products | Isopropyl Myristate | |
| C12-15 Alkyl Benzoate | ||
| Caprylic/Capric Triglyceride | ||
| Cetyl Palmitate | ||
| Myristyl Myristate | ||
| End-User | Skin Care | |
| Hair Care | ||
| Cosmetics | ||
| Oral Care | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Emollient Esters Market Research FAQs
What is the current Emollient Esters Market size?
The Emollient Esters Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Emollient Esters Market?
Evonik, Ashland, The Lubrizol Corporation, Croda International Plc and BASF SE are the major companies operating in the Emollient Esters Market.
Which is the fastest growing region in Emollient Esters Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Emollient Esters Market?
In 2024, the Europe accounts for the largest market share in Emollient Esters Market.
What years does this Emollient Esters Market cover?
The report covers the Emollient Esters Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Emollient Esters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Emollient Esters Industry Report
Statistics for the 2023 Emollient Esters market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Emollient Esters analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
