Emollient Market to Witness Elevated Growth during the Assessment Period, 2018-2027 | Key Players are Lubrizol Corporation, Evonik Industries, Stepan Company, etc.

The purpose of this rich study presented by FactMR is to elaborate the various market projections impacting the global emollient market during the period until 2027. This assessment delivers high-end statistics concerning market size, Y-o-Y growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the emollient market during the forecast period.

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A significant shift in the lifestyle induced by a plethora of multipronged factors, including environmental awareness and health & wellness education, has influenced consumers to seek transparency in the products they purchase. Dissemination of information regarding harmful effects of chemicals has led to a significant shift towards product ingredients that are derived naturally as compared to those manufactured artificially. Animal and plant-derived emollients that are devoid of chemical modifications are witnessing a steady surge in demand. The unrefined emollients including tocopherol, carotenoids, hydrocarbons, steroids, triterpenoids and alcohol are considered superior formulations over chemically modified emollients in emollient market. Emollients have been a prime ingredient in the personal care industry and demand for natural emollients is rising in consonant with the rising demand for natural personal care products.

Owing to the numerous intrinsic properties of emollients, their extensive application in cosmetics products has made them the second major group of ingredient used in cosmetics after water. Almost all commercially available emollients including hydrocarbon, ester, ether, and silicone are used as one or more ingredients in the cosmetics products. Demand for emollients from the cosmetics industry is likely to witness 1.6x growth to reach US$ 340 billion by 2027.

Among commercially available emollients, demand for ether, ester and fatty acid type of emollients has been on the rise owing to their superior property and easier accessibility of raw materials. Fatty acids or lipids are versatile and find wide-ranging applications in the manufacture of cosmetics and personal care products including creams, gels, lotions and serum. Ether emollients dominated the emollient market in terms of value in 2017, however, fatty acid emollients are estimated to outsell ether and dominate emollient market revenues by the end of the forecast period.

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Although silicone lags behind in matching the race against the massive application of ether, ester and fatty acids in the cosmetics and personal care products, outstanding physical and chemical properties enable silicon to serve functions more than an emollient. As silicon forms a strong bond with oxygen, silicon emollients are chemically inert and resistant to oxidation and humidity. In addition, low surface tension allows silicon emollients to enhance distribution and improve spreading whereas high vapor pressure increases the volatility of emollient formulation. Owing to these properties, silicone derivatives find widespread application in reducing tackiness, obtaining non-greasy skin and in anti-foaming agents. The widespread application of silicon derivative is likely to augur well for the silicon-based emollients segment with 1.3x growth during the forecast period. 

Demand for semi-solid emollients continues to be higher than other commercially available forms, including solids, powder/flakes, and liquid. Apart from the emollient formulation, manufacturers in the emollient market need to observe user acceptability for texture as well as performance. Preference for semi-solid emollients is observed to outclass other forms of emollient and is expected to capture over 33% of the total market share in terms of volume during 2018-2027.

Demand for paraffin-based emollients continues to face challenges owing to heightened risk of fire hazard in proximity of smoking or naked fire. Paraffin’s medical application is strictly controlled in patients when paraffin is applied to large areas of the body and in cases of emollient-soaked clothing or dressings. Paraffin is a hydrocarbon-based emollient and has been traditionally used in eczema and psoriasis treatment. However, the associated risk of fire and emergence of organic botanical oils is expected to hamper the future adoption levels of hydrocarbon-based paraffin emollients.

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