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Caprylyl Glycol Industry Expected to Reach $2.11 Billion by 2029 at 5.8% CAGR
Caprylyl Glycol
Caprylyl Glycol Market Value Projection: How Much Will the Market Size by 2025?
The market size for caprylyl glycol has experienced substantial growth in the past few years. This market is projected to increase from a value of $1.59 billion in 2024 to approximately $1.69 billion in 2025, resulting in a compound annual growth rate (CAGR) of 6.2%. This growth during the historic period is due to several factors including an increased demand for skincare products, a surge for organic cosmetics, a rising need for natural preservatives, requests from end-user industries, and an expansion in the beauty and personal care industry.
What Will Be the Market Growth Forecat for Caprylyl Glycol in 2029?
In the coming years, the caprylyl glycol market size is projected to experience robust growth, reaching $2.11 billion by 2029, with a compound annual growth rate (CAGR) of 5.8%. This growth in the prediction period is due to factors such as the surge in popularity of natural cosmetics, heightened awareness about product safety, growing preference for clean beauty, as well as the benefits of utilizing caprylyl glycol in a variety of applications, and an escalating demand for skincare solutions. Key trends during the projected period encompass expansion in burgeoning countries, a rise in production capacity, technological advancements in caprylyl glycol, innovative formulations, and an emphasis on ethical and sustainable sourcing.
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What Are the Core Competitive Drivers in the Caprylyl Glycol Industry?
The caprylyl glycol market is anticipated to expand given the increasing interest in natural and organic cosmetics. These beauty and personal care items, made with natural ingredients and minus any synthetic chemicals, artificial preservatives, or genetically modified organisms (GMOs), have seen a significant rise in demand. This is largely due to consumers' preference for products that are clean, sustainable, and eco-friendly. Caprylyl glycol, a versatile skin-conditioning agent derived from renewable sources like coconut oil, is commonly used in natural and organic cosmetics due to traits such as its moisturizing and preserving qualities. The Soil Association, a UK charity organization, reported in March 2022 that its certified organic and natural beauty and wellness products witnessed a 15% sales growth in 2021 in the UK, totalling approximately $170 million. Given this, it's apparent that the caprylyl glycol market's evolution is being steered by the swelling desire for natural and organic cosmetics.
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Which Caprylyl Glycol Market Segment Is Projected to See the Fastest Growth?
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
Subsegments:
1) By Cosmetic Grade: Skin Care Products, Hair Care Products, Personal Care And Toiletries, Makeup Products, Sun Care Products, Anti-Aging And Wrinkle Treatment Products
2) By Industrial Grade: Antimicrobial And Preservative Applications, Lubricants And Metalworking Fluids, Paints And Coatings, Household And Industrial Cleaning Products, Adhesives And Sealants, Textile And Leather Processing
Which Trends Are Opening New Opportunities in the Caprylyl Glycol Market?
Leading firms in the caprylyl glycol industry are creating inventive solutions, like bio-based glycol, to enhance the natural origin ratio in personal care items. Bio-based glycol is a specific alcohol kind obtained from renewable biological resources instead of conventional fossil fuels. For instance, Symrise AG, a chemical corporation based in Germany, unveiled Hydrolite 8 Green in April 2022. This is a completely bio-based caprylyl glycol that hails from palm kernel oil, maintaining similar qualities as the synthetic version while promoting sustainability. This component acts as a hydrating agent, boosts sensory profiles, operates as a moistening agent, and augments product safety in cosmetics formulas. It proves to be a viable option for developers looking for multifunctional components with superior performance and environmentally friendly traits.
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Who Are the Leaders in the Caprylyl Glycol Market?
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
Which Regional Caprylyl Glycol Markets Offer the Greatest Growth Potential?
North America was the largest region in the caprylyl glycol market in 2024. The regions covered in the caprylyl glycol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
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