16-Feb-2021 | Zion Market Research
As per the analysts at Zion Market Research, the valuation of the global emollient esters market in 2017 was around USD 359.2 million and is anticipated to attain a value of USD 539.9 million by 2025, expanding at a CAGR of approx 5.1% during the forecast period. Few of the prominent players actively participating in the global emollient esters market consist of Lonza Group Ltd, Croda International Plc, Evonik Industries AG, BASF SE, and others.
Rising Demand From End-Users Likely To Drive The Growth Of The Global Market
The expansion of the global emollient esters market is majorly propelled by the rising demand from end-users like hair care, skin care, oral care, and cosmetics. Further, the altering lifestyle, the rising awareness for personal hygiene, and the rising buying capacity of people for personal care & cosmetics products in the budding nations are few other factors that are anticipated to propel the expansion of the global emollient esters market during the years to come. Additionally, the inclination to emollient esters from using oil-based emollients is among the other key factor driving the market growth. Nevertheless, strict labeling standards for cosmetic ingredients and accessibility of greener & cheaper alternatives of emollients are a few of the factors that might hamper the expansion of the global emollient esters market to some extent during the forecast period.
Based On End-User, Skin Care Segment To Rule The Global Emollient Esters Market
Based on end-user, the skin care products make up over one-third of the overall end-user market, taking volume into consideration. This segmental expansion can be credited to the rising need for emollient esters in anti-aging skin products, sun care products, and moisturizers. Besides skin care products, the emollient esters are also used extensively among other end-users, like cosmetics, oral care, and hair care.
Based On Product, Isopropyl Myristate Segment To Dominate The Global Emollient Esters Market
In skin care products, isopropyl myristate is majorly utilized as skin conditioning emollients. It’s an imperative cosmetic component and provides a soft touch to the skin and is thus favored by a range of personal care product makers. Bath oil formulation is one of the significant applications of isopropyl myristate.
During The Forecast Period, Europe Expected To Govern The Global Emollient Esters Market
Based on region, the global emollient esters market is categorized into Asia Pacific, Latin America, the Middle East & Africa, North America, and Europe. Regionally, Europe is anticipated to capture the highest share in the global emollient esters market during the forecast period. Furthermore, the emollient esters market within the Asia Pacific is anticipated to continue growing at a significant pace, trailed by Latin America. A majority of the emollient esters producers situated in Europe are extending their businesses in the Asia Pacific, thus bringing up new avenues for market growth during the coming period.
Browse the full “Emollient Esters Market - By End-User (Hair Care, Skin Care, Oral Care, And Cosmetics), By Product (C12-15 Alkyl Benzoate, Isopropyl Myristate, Cetyl Palmitate, Caprylic/Capric Triglyceride, And Myristyl Myristate), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/emollient-esters-market
The global emollient esters market is segmented as follows:
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