APAC methyl glucose market to see 8% CAGR till 2025 | Tinci, BOC Sciences, Kalichem, SMA Collaboratives, ACAR Chemicals, Evonik

Global Market Insights, Inc., predicts that the APAC methyl glucose market may surpass $70 million by 2025. Moreover, the product is used in the eye area skincare products owing to its low eye irritation properties.

APAC methyl glucose market is poised for robust growth on the back of its wide-ranging application in beauty & personal care products. Methyl glucose derivatives are extensively used in cosmetic products like creams, skin cleansers, shampoos, lip care products, body wash, and creams. These derivatives are used as emollient, thickener, humectant, surfactant, and emulsifier in cosmetics.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/4468

APAC methyl glucose market is consolidated with a strong presence of numerous multinational companies and small-scale manufacturers and suppliers. These companies have aligned their focus on new product developments to deliver diverse and high-quality methyl glucose products. Large scale ingredient manufacturers like Lubrizo and Evonik Industries are delivering additional services like formulations for numerous personal care products.

Most of these manufacturers are in Japan, China, and South Korea, leveraging their established distribution network to serve the increasing demand for methyl glucose. Notably, companies such as Guangzhou Tinci Materials Technology, NOF Corporation, KCI Limited, Lubrizol Corporation, and Evonik Industries are currently leading the APAC methyl glucose market.

Methyl glucose exhibits non-irritant and non-toxic properties that has helped contribute to its demand. China had recorded a US$50 billion sale of cosmetics and personal care products in the year 2015 and was predicted to be the largest market for the segment in the forthcoming decade. The steadily growing middle class in the country has stimulated the demand for consumer products. It has also been predicted that the Chinese consumers will purchase 44% of the luxury goods by 2020 which will majorly comprise cosmetic products.

There is a massive penetration of multinational firms manufacturing and distributing consumer care products. World-class brands have been dominating the Asian market such as L’Oréal , Proctor and Gamble, among others. 80% of China’s consumer care and cosmetic products are produced through foreign-owned or joint ventures, impacting APAC methyl glucose market trends notably.

Get Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/asia-pacific-methyl-glucose-market

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.