Octyl Salicylate Market Analysis of the Competitive Landscape Comprise the Next Big Thing

According to the report published by Allied Market Research, the global octyl salicylate market was estimated at $1.1 billion in 2021 and is expected to hit $1.8 billion by 2031, registering a CAGR of 5.4% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

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The chemical compound octyl salicylate is also known by the names 2-ethylhexylsalicylate, octisalate, and benzoic acid. Salicylic acid and 2-ethylhexanol can be condensed to form the ester octyl salicylate. Octyl salicylate has a mild floral scent and is often colorless or pale yellow in appearance. Some chemical molecules have a vague or subtle scent. Octyl salicylate dissolves in a wide variety of solvents, including rubbing alcohol, isopropanol, olive oil, paraffin oil, dimethicone, mineral oil, and octyl palmitate. Organic chemicals, however, cannot be dissolved in water. For a wide variety of crystalline UV filters, including ethylhexyl triazone and butyl methoxydibenzoylmethane, octyl salicylate is an efficient solubilizer. To protect skin from the sun's harmful UVB rays, octyl salicylate is commonly included in cosmetics and sunblock.

Sunscreens often include the antimicrobial ingredient octyl salicylate because it keeps the product from going bad. Water-insoluble oil-soluble UVB absorbers made from organic compounds have been in use for decades. Salicylates are utilized to boost SPF when combined with other UVs because they are poor UV B absorbers on their own. Octyl salicylate is added to emulsions, dyes, and polymers to prevent UV deterioration.

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𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Product Definition:
The chemical compound octyl salicylate has found use in the cosmetics and pharmaceuticals sectors. It reduces pain and inflammation and lowers fever. Octyl salicylate is a common fragrance ingredient in soaps, detergents, and other personal care products, as well as an effective UV light absorber and sunscreen agent in cosmetics. It also has anti-mosquito properties.Colorless: Colorless The aroma of octyl salicylate is light and pleasant, and the liquid itself is clear. It finds use in the food, cosmetics, and pharmaceutical industries, among others. The forecast period sees demand for the product being driven by its increasing use in personal care products like shampoos, moisturizers, and make-up removers.Pale yellow: Pale yellow Octyl salicylate liquid has a distinct odor and appears as a clear, colorless to pale yellow liquid. Water does not dissolve it, and its density is 0.985 grams per cubic centimeter.

Application Insights:

Octyl salicylate is used in perfumes, soaps, cosmetics, and sunscreens. The perfume was the largest application segment with a volume share of over 40% in 2017. Octyl salicylate is considered an intermediate chemical for several fragrance companies and it has more than 25 different uses in perfumery. It acts as a fixative for various floral and fruity notes which are very common in modern-day perfumes. The high demand from the cosmetic industry for using this chemical compound to manufacture skincare products is expected to drive the global market over the forecast period due to its properties such as skin-soothing, antioxidant activity, and anti-inflammatory activities that help reduce redness caused due by acne or rashes on the skin surface.

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𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:
Top Market Players:
Universal Esters
Siddharth Carbochem Products
MFCI Co
Clariant
Others.

𝐁𝐲 𝐓𝐲𝐩𝐞:
Colorless
Light Yellow
Other

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:
Perfume
Soap
Cosmetics
Sunscreens
Others

The key market players analyzed in the global octyl salicylate market report include Rishabh Metals and Chemical Pvt. Ltd., Aceto Corporation, Clariant, MFCI CO., LTD., Prakash Chemicals International Private Limited, Otto Chemie Pvt. Ltd., Ernesto Ventós S.A., Siddharth Carbochem Products, TCI Chemicals, Toronto Research Chemicals, Universal PreservA-Chem Inc., AAKO, Unicorn Petroleum, Labdhi Chemicals, and Universal Esters. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.

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