Caprylic/Capric Triglyceride to Remain Top Choice for Emollient Esters, Demand to Increase at 5% CAGR through 2031 - Seite 2

Key Takeaways from Emollient Esters Market Survey

• Backed by robust presence of cosmetic manufacturers, Europe market for emollient esters is estimated to account for over 40% of global market share.
• The U.S. market for emollient esters totalled around US$ 55 Bn in 2020.
• Driven by rapid urbanization and growing population size, China market is forecast to surpass US$ 65 Bn by the end of 2031.
• Germany market for emollient esters is set to expand at a CAGR of 4% through 2031.
• Based on application, skin care products segment will account for over 50% of global revenue.

Key Drivers

• Growing awareness regarding personal hygiene is driving sales of emollient esters.
• Increasing demand for beauty and personal care products is positively contributing to the market growth.

Key Restraints

• Availability of cheaper and greener substitutes of emollients is expected to hamper the market growth.
• Strict regulations and compliances across regions and countries is limiting the market growth.

To learn more about Emollient Esters Market, you can get in touch with our Analyst at

https://www.factmr.com/connectus/sample?flag=AE&rep_id=4516

Competitive Landscape

Emollient Esters manufacturers are focusing on expanding their portfolio. Therefore, adopting several strategies including acquisitions, new launches, collaborations and production capacity expansion to increase their market footprint.

For instance, in 2021, Ashland Global Holdings Inc, announced the completion of acquisition of personal care business of Schulke & Mayr GmbH, a portfolio company of EQT. This completion of acquisition consolidates Ashland's customer business portfolio and improves the specialty additives position of the company.

In 2021, Evonik announced the acquisition of German biotech company JeNaCell. This acquisition expands Evonik's biomaterials portfolio for novel medial markets.

Some of the leading players operating in the emollient esters market profiled by Fact.MR are:

• BASF SE
• RITA Corporation
• Ashland Inc.
• Phoenix Chemical, Inc.
• Croda International Plc
• Lipo Chemicals, Inc.
• Solvay SA
• Abitec Corporation
• PHOENIX CHEMICAL, INC.
• Vantage Specialty Chemicals
• Yasho Industries Pvt., Ltd.
• Lonza Group Ltd.
• Lubrizol Corporation
• Innospec Inc.
• Stepan Company
• Evonik Industries AG

More Valuable Insights on Emollient Esters Market