Emollient Esters Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Products (Isopropyl Myristate, C12-15 Alkyl Benzoate, Caprylic/Capric Triglyceride, Cetyl Palmitate, Myristyl Myristate), End-User (Skin Care, Hair Care, Cosmetics, Oral Care, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East & Africa)

Market Snapshot

emollient esters - market summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: >3 %

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Market Overview

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.

Scope of the Report

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
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

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.
Emollient Esters Market Revenue Share

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 Market Regional Trends

Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing demand for personal care and cosmetic products

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Unfavourable Conditions due to COVID-19 Outbreak

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Products

      1. 5.1.1 Isopropyl Myristate

      2. 5.1.2 C12-15 Alkyl Benzoate

      3. 5.1.3 Caprylic/Capric Triglyceride

      4. 5.1.4 Cetyl Palmitate

      5. 5.1.5 Myristyl Myristate

    2. 5.2 End-User

      1. 5.2.1 Skin Care

      2. 5.2.2 Hair Care

      3. 5.2.3 Cosmetics

      4. 5.2.4 Oral Care

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ABITEC

      2. 6.4.2 Ashland

      3. 6.4.3 BASF SE

      4. 6.4.4 Croda International Plc

      5. 6.4.5 Evonik

      6. 6.4.6 Innospec

      7. 6.4.7 Lonza

      8. 6.4.8 PHOENIX CHEMICAL, INC.

      9. 6.4.9 Stepan Company

      10. 6.4.10 The Lubrizol Corporation

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Emollient Esters Market market is studied from 2016 - 2026.

The Emollient Esters Market is growing at a CAGR of >3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Evonik, Ashland, The Lubrizol Corporation, Croda International Plc, BASF SE are the major companies operating in Emollient Esters Market.

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