Stressing On R&D Efforts To Amplify Homosalate Market Growth By 2032

Homosalate is basically an organic ingredient, used in making many sunscreens. Formed by the Fischer-Speier esterification of salicylic acid with 3, 3, 5-trimethylcyclolohexanol, it is an important cosmetic ingredient. The salicylic acid part of Homosalate absorbs ultraviolet rays within the range of 295 nm to 315 nm and protects the skin against sun damage. It is thereby used as a chemical ultraviolet filter and finds its presence in over 45 percent of the U.S. sunscreens.

The trimethyl cyclohexane functional group is hydrophobic in nature, which provides greasiness effect and prevents it from dissolving in water. Homosalate degrades quickly (loses 10 percent SPF protection in 45 minutes) when exposed to higher UV light which makes it comparatively less effective by itself. However, being a liquid, it is used to dissolve other sunscreen agents that are hard to solubilize, such as the renowned Avobenzone.

Request Sample   https://www.factmr.com/connectus/sample?flag=S&rep_id=5514      

Segmentation Analysis of Homosalate Market
The global Homosalate market is classified majorly into three segments: by function, application and region.

On the basis of function, Homosalate market has been segmented as follows:

Skin Conditioning
UV absorber
UV filter

On the basis of application, Homosalate market has been segmented as follows:

Sport and beach sunscreen
Moisturizer
Makeup primer
Lip balm
Hair treatment /serum
Fragrance body spray

On the basis of region, Homosalate market has been segmented as follows:

North America
Europe
Latin America
East Asia
South Asia and Oceania
Middle East & Africa

 Request Customization https://www.factmr.com/connectus/sample?flag=RC&rep_id=5514      

Homosalate Market: Key Players
The market for Homosalate is moderately fragmented as local manufacturers are satisfying the regional demand with a majority as compared to key players. The prominent players in Homosalate market are Spectrumchemical, Ampak, ATK Chemicals, ZX Chem, Universal Ester and Ascent FineChem, contributing about 40% to total Homosalate market share.

Key players in the beauty and skincare market are collaborating with vendor manufacturers of Homosalate to have a streamlined supply chain. These companies are also pushing for innovation and discoveries having limited or zero side effects in response to climbing demand for skin-care products to gain organic growth and maintain a competitive advantage over others.

Chemical-based skincare products are coming to limelight because of their adverse effect on the skin causing allergies and other skin-related issues which would showcase an unstable market scenario for Homosalate market.

However, certain restriction on cosmetic products containing chemicals which harms the environment (acting as bio-accumulative), negatively effects the balance sheet of these companies as they will have to spend in research and development again so as to verify the above mentioned claims and come up with modified products which removes the restricted ingredient, but retains the effect it had in the product.

Important queries related to the Homosalate Market addressed in the report:

Who are the most prominent players in the Homosalate Market?
What are the factors that are likely to hinder the growth of the Homosalate Market during the forecast period (2021-2031)?
Why is the concentration of tier-1 companies high in specific region?
How are the soaring prices of raw materials impacting the demand for keyword?
Why are market players eyeing opportunities in particular region?

 Request ToC - https://www.factmr.com/connectus/sample?flag=T&rep_id=5514                  

Homosalate Market: Regional Outlook
Considering the regional classification, the report "Homosalate" provides an explicit study on six prominent regions which include North America, Europe, Latin America, South Asia and Oceania, East Asia and Middle East & Africa.

Among them, majority market share is dominated by Asia especially by China while capturing almost 50% of manufacturing and supply of Homosalate. Increasing demand for skin-care products and makeup products among the growing population of millennials in China and India will be the driving force for Homosalate market.

Secondly, United States and Europe collectively holding about 30% of total Homosalate market share. Increasing global temperature levels and depletion in the ozone layer has made people aware of skin health which has caused the rise in demand for sunscreen and ultimately increasing demand for Homosalate. However, rising concerns about the chemical-based skincare products there could be a potential threat to Homosalate market in the US and Europe.

Besides, Middle East & Africa has minimal market share for Homosalate but it also shows potential to grow high soon with elevating demand for skin-care and beauty products.

However, Homosalate has been placed in Cosmetic Ingredient hotlist by Canada, which consists of list of chemicals restricted for use by manufacturers in their cosmetic offerings. This was done recently in 2020, owing to recent research studies indicating to the health effects related to Homosalate being toxic to some organs and is suspected to be an environmental toxin acting as a bio-accumulative in the food chain, after ending up in oceans.

Explore Fact.MR's Coverage on the Chemicals and Materials Domain:

Bio-succinic Acid Market - https://www.factmr.com/report/5405/biosuccinic-acid-market

 Surge Suppression IC Market - https://www.factmr.com/report/surge-suppression-ic-market

Liquid Propellants Market - https://www.factmr.com/report/Liquid-Propellants-Market

Matting Agents Market - https://www.factmr.com/report/matting-agents-market

Petroleum Coke Market - https://www.factmr.com/report/petroleum-coke-market

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About us:

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we'll be an able research partner.

This release was published on openPR.