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Emollients Market Report: Size, Share, Trends, Growth, Technology, Application, Analysis And Forecast To 2033
Emollients Market Report
The Business Research Company presents an extensive market research report on the Emollients Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The emollients market size has grown strongly in recent years. It will grow from $1.51 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to skin care industry growth, personal care products demand, cosmetic and beauty trends, rise of natural and organic products, aging population and anti-aging products.
The emollients market size is expected to see strong growth in the next few years. It will grow to $1.96 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to rising awareness of skin health, customization in beauty products, innovation in sustainable and ethical products, emergence of indie beauty brands, expansion of men's grooming market. Major trends in the forecast period include technological advancements in ingredient science, digital influence on beauty trends, rise in natural and organic emollients, emphasis on sustainability and green chemistry, growing demand in personal care products.
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Key Market Players:
Major companies operating in the emollients market report are Cargill Incorporated, BASF SE, The Dow Chemical Company , Peter Cremer North America LP, Stephenson Group Ltd., Evonik Industries AG, Sasol Limited, Solvay SA, Kao Corporation, Croda International plc, Univar Solutions Inc., Eastman Chemical Company, The Lubrizol Corporation, Lonza Group Ltd., Clariant AG, Stepan Company, Ashland Inc., Innospec Inc., Elementis plc, Emery Oleochemicals LLC, Sonneborn LLC, Pilot Chemical Corp., Oleon NV, Vantage Specialty Chemicals, Bio-Botanica Inc., Village Vitamin Food Company LLC, Hallstar, Jarchem Industries Inc., Colonial Chemical Inc., Lipo Chemicals Inc.
Market Drivers:
The increasing demand for personal care products is expected to propel the growth of the emollient market going forward. Personal care products refer to those products that are used for personal grooming and maintaining personal hygiene. Emollients are the ingredients that are used in personal care products to relieve irritation and dryness of the skin. These are used in various skincare and personal care products to provide moisturizing effects, smoothen fine lines and wrinkles, improve photodamage, and reduce signs of aging. For instance, in March 2023, according to the Federal Reserve Economic Data, a US-based online database organization, the consumer price index for personal care products in the major cities of the USA was $160.22 in January 2022 and grew to $171.53 representing a growth of 6.59% in February 2023. Therefore, the increasing demand for personal care products is driving the growth of the emollient market going forward.
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https://www.thebusinessresearchcompany.com/report/emollients-global-market-report
The emollients market covered in this report is segmented -
1) By Type: Esters, Fatty Alcohols, Fatty Acids, Ethers, Silicones, Other Types
2) By Form: Solid, Liquid
3) By Application: Skin Care, Hair Care, Deodorants, Oral Care, Other Applications
4) By End User: Cosmetics Industries, Toiletries Industries, Oral Care Industries, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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