Emollients Market Size, Share, Trends, Growth and Forecast 2032

Emollients Industry Prospective:

The global emollients market size was evaluated at $3,120 million in 2023 and is slated to hit $6,330 million by the end of 2032 with a CAGR of nearly 8.18% between 2024 and 2032. 

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Emollients Market: Overview

Emollient is a cosmetic preparation that can be used for lubricating, protecting, and moisturizing the skin of an individual. These functions are performed by sebum that is produced by the skin which is healthy. Emollients are easily available in a large number of shapes such as cream, gel, salts, and cream. It protects the skin against water evaporation from the skin layer through the creation of a layer of skin on the outer surface of the skin.  

Key Insights

• As per the analysis shared by our research analyst, the global emollients market is projected to expand annually at the annual growth rate of around 8.18% over the forecast timespan (2024-2032)
•  In terms of revenue, the global emollients market size was evaluated at nearly $3,120 million in 2023 and is expected to reach $6,330 million by 2032.
• The global emollients market is anticipated to grow rapidly over the forecast timeline owing to changing life patterns along with surging awareness about physical appearance & visual appeal.
• In terms of type, the esters segment is slated to register the highest CAGR over the forecast period.
• Based on form, the liquid segment is predicted to dominate the segmental space in the years to come.
• On basis of application, the skin care segment is predicted to record the fastest CAGR in the forecast timeline.
• Region-wise, the North American emollients industry is projected to register the highest CAGR during the projected timespan.

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Emollients Market: Growth Factors

Swiftly changing healthcare & wellness trends to boost the global market surge over forecast timeline

Rapidly altering trends in healthcare & wellness sectors are anticipated to steer the expansion of the global emollients market. Changing life patterns along with surging awareness about physical appearance & visual appeal will steer the expansion of the global market. Humungous highlights on skincare & wellness along with growing preference towards personal care products by the aging populace will prop up the scope of growth for the global market. The flourishing cosmetics sector is anticipated to steer the expansion of the global market.

Emollients Market: Restraints

Stringent legislation pertaining to the usage of cosmetic ingredients can hinder the global industry expansion by 2032

Strict laws related to the use of cosmetic ingredients owing to their toxic nature can slow down the expansion of the global emollient industry. Apart from this, the easy availability of cost-effective green products that prove as best alternatives to emollients will put brakes on the global industry expansion.

Emollients Market: Opportunities

A surge in the utilization of suitable formulations for emollient production can create new growth horizons for the global market

A rise in the use of suitable formulations for producing emollients can open a slew of avenues for the global emollients market. With vendors and chemical producers fulfilling the huge product demand, the market for emollients is expected to gain traction in the near future.

Emollients Market: Challenges

Oscillation in the supply chain activities can put brakes on the global industry by 2032

Fluctuations in the supply chain leading to a rise in raw material costs can prove to be a huge challenge to the growth of the global emollients industry.

Emollients Market: Segmentation

The global emollients market is divided into type, form, application, and region.                                         

In type terms, the emollients market across the globe is segregated into esters, ethers, fatty acids, silicones, and fatty alcohols segments. Furthermore, the esters segment, which accumulated nearly 33% of the global market earnings in 2023, is expected to record the highest growth rate in the forecast timeframe. The expansion of the segment in the next eight years can be a result of large-scale utilization of esters including isopropyl myristate, cetyl palmitate, C12-15 alkyl benzoate, and myristyl myristate in preparing personal care products.

On the basis of form, the global emollients industry is bifurcated into liquid, solid, semi-solid, and other segments. Additionally, the liquid segment, which acquired the largest chunk of the global industry share in 2023, is projected to lead the segmental sphere in the next couple of years. The segmental expansion from 2024 to 2032 can be credited to the large-scale usage of emollients in liquid forms. Reportedly, natural emollients such as lipids and oils are available in liquid form.

Based on the application, the emollients market globally is bifurcated into toiletries, skin care, hair care, oral care, fragrances, and other segments. Moreover, the skin care segment, which accrued nearly 57% of the global market earnings in 2023, is expected to record the highest growth rate in the forecast timeline. The expansion of the segment in the next eight years can be a result of a rise in the use of emollients in skin care products such as lotions, moisturizers, and creams.

Emollients Market: Report Scope

Emollients Market: Regional Insights

Asia-Pacific is predicted to maintain the leading position in the global emollients market in the ensuing years

Asia-Pacific, which accounted for the highest share percentage of the global emollients market in 2023, is set to lead the global market size in the foreseeable future. Furthermore, the regional market expansion in the next couple of years can be attributed to changing fashion trends and trends among people to improve their personal appearance in Asian countries. Apart from this, the presence of key product manufacturers and vendors in the region will further drive the regional market trends.

North American emollients industry is expected to register the fastest CAGR in the forecast timeline. The elevation of the industry in the sub-continent over the coming eight years can be credited to an increment in the use of personal care items such as conditioners, moisturizers, shampoos, deodorants, shampoos, and lotions in countries such as the U.S. A surge in the skin disorders such as psoriasis in the countries of North America has enhanced the use of product as it protects skin along with preventing the recurrence of the symptoms of skin disorders.

Key Developments

• In November 2023, Sonneborn, LLC, introduced plant-derived SonneNatural NXG emollient. Reportedly, the new product improves the formation of lip care and personal care items owing to their sensory & firmness features.
• In April 2022, Seppic launched EMOGREEN™ HP 40, a new bio-based & sustainable emollient that is highly pure and sustainable.

Emollients Market: Competitive Space

The global emollients market profiles key players such as:

• Croda International PLC
• BASF SE
• Solvay
• Clariant AG
• Eastman Chemical Company
• Stepan Company
• The Lubrizol Corporation
• Covestro AG
• Oleon Health and Beauty
• Evonik Industries AG
• Hallstar
• Ashland Inc.
• Sasol Limited
• Lonza Corporation
• Vantage Speciality Chemicals.

The global emollients market is segmented as follows:

By Type

• Esters
• Ethers
• Fatty Acids
• Silicones
• Fatty Alcohols

By Form

• Liquid
• Solid
• Semi-Solid
•  Others

By Application

• Toiletries
• Skin Care
• Hair Care
• Oral Care
• Fragrances
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa