Global Caprylyl Glycol Market Overview Covering Forecast Market Size And Growth Rate 2033 | Archer Daniels Midland Company, BASF SE, Dow Inc., LyondellBasell Industries N.V

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Caprylyl Glycol Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.05 Bn In 2028 At A CAGR Of 6.5% :

The caprylyl glycol market size has grown strongly in recent years. It will grow from $1.47 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to rising demand for the skincare products, growing demand for organic cosmetics, increasing demand for natural preservatives, demand from end-use industries, expanding beauty and personal care industry.

The caprylyl glycol market size is expected to see strong growth in the next few years. It will grow to $2.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing popularity of natural cosmetics, rising awareness of product safety, rising popularity of clean beauty, benefits of using caprylyl glycol in various applications, increasing demand for skincare treatments. Major trends in the forecast period include expansion in emerging countries, increase in production capacity, technological advancements in caprylyl glycol, innovation in formulations, focus on ethical and sustainable sourcing.

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Caprylyl Glycol Market Major Segments
The caprylyl glycol market covered in this report is segmented -

1) By Type: Cosmetic Grade, Industrial Grade
2) By Application: Haircare Products, Skincare Products, Toiletries, Makeup And Color Cosmetics, Other Applications
3) By End-Use: Pharmaceuticals, Cosmetics And Personal Care, Industrial

Key Driver - Growing Demand For Natural And Organic Cosmetics Driving Caprylyl Glycol Market

Growing demand for natural and organic cosmetics is expected to propel the growth of the caprylyl glycol market going forward. Natural and organic cosmetics refer to beauty and personal care products formulated with natural ingredients and produced without synthetic chemicals, artificial preservatives, or genetically modified organisms (GMOs). The demand for natural and organic cosmetics continues to surge as consumers prioritize clean, sustainable, and environmentally friendly products. Natural and organic cosmetics use caprylyl glycol, as a skin-conditioning agent derived from renewable sources such as coconut oil, due to its multifunctional properties, including its ability to moisturize and preserve products. For instance, in March 2022, according to the annual organic beauty and wellbeing report by the Soil Association, a UK-based charity organization, in 2021, the sales of Soil Association-certified organic and natural beauty and wellbeing products in the UK experienced a 15% growth, reaching around $170 million. Therefore, the growing demand for natural and organic cosmetics is driving the development of the caprylyl glycol market.

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Prominent Trend - Innovation With Bio-Based Glycol To Enhance Sustainability

Major companies operating in the caprylyl glycol market are developing innovative formulations, such as bio-based glycol, to increase the natural origin index of personal care products. Bio-based glycol refers to glycol, a type of alcohol derived from renewable biological sources rather than traditional fossil fuels. For instance, in April 2022, Symrise AG, a Germany-based chemicals company, launched Hydrolite 8 Green, a 100% bio-based caprylyl glycol derived from palm kernel oil, offering sustainability and similar properties to its synthetic counterpart. This ingredient serves as a moisturizer, improves sensory profiles, acts as a wetting agent, and enhances product protection in cosmetic formulations. It represents a sustainable choice for formulators seeking multifunctional ingredients with high performance and eco-friendly characteristics.

Caprylyl Glycol Market Players
Major companies operating in the caprylyl glycol market are Archer Daniels Midland Company, BASF SE, Dow Inc., LyondellBasell Industries N.V., Merck KGaA, Evonik Industries AG, DuPont de Nemours Inc., Huntsman Corporation, Avantor, Lonza Group AG, Lubrizol Corporation, Clariant AG, Symrise AG, Croda International Plc, Ashland Global Holdings Inc., Innospec Inc., Galaxy Surfactants Ltd., Thor Specialties, Schulke & Mayr GmbH, Spectrum Chemical Manufacturing Corp., Colonial Chemical Inc., Hallstar Company, INOLEX Inc., Floratech, Tri-K Industries Inc., Lotioncrafter LLC, The Good Scents Company, Pilot Chemical Company

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Largest And Fastest Growing Region In The Market
North America was the largest region in the caprylyl glycol market in 2023. The regions covered in the caprylyl glycol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Caprylyl Glycol Market Report Structure
3. Caprylyl Glycol Market Trends And Strategies
4. Caprylyl Glycol Market - Macro Economic Scenario
5. Caprylyl Glycol Market Size And Growth
…..
27. Caprylyl Glycol Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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