Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 578.2 Million | USD 997.99 Million | 5.6% | 2023 |
According to a report from Zion Market Research, the global Emollient Esters Market was valued at USD 578.2 Million in 2023 and is projected to hit USD 997.99 Million by 2032, with a compound annual growth rate (CAGR) of 5.6% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Emollient Esters Market industry over the next decade.
Emollient esters include fatty alcohols, silicones, hydrocarbons, fatty acids, and ethers. Apparently, these products find a plethora of applications in personal care & cosmetics formulations as they enhance sensation. In addition to this, emollient esters are produced after making fatty alcohol react with carboxylic acids. Apart from this, emollient esters provide multi-functional features along with myriad advantages including modifying skin for shiny appearance, hair conditioning, enhancement of skin elasticity, and prevention of loss of skin moisture.
Massive awareness pertaining to personal hygiene along with high product penetration in personal care & cosmetic items sector will propel the expansion of the emollient esters industry in the years ahead. Growing social media trends and desire to look beautiful is likely to facilitate the expansion of emollient esters market over the forecast period. Apart from this, escalating use of emollient esters in hair care, oral care, and skin care products will proliferate the expansion of emollient esters market over the years to come.
Furthermore, thriving men’s grooming sector will contribute immensely towards emollient esters industry size in the ensuing years. Nonetheless, strict compliance laws pertaining to use of chemical ingredients in manufacturing personal care or skin products is likely to retard the expansion of the emollient market in the coming decade. Easy availability of cost-effective substitute products will further put brakes on the industry growth over the forecast timeline.
Report Attributes | Report Details |
---|---|
Report Name | Emollient Esters Market |
Market Size in 2023 | USD 578.2 Million |
Market Forecast in 2032 | USD 997.99 Million |
Growth Rate | CAGR of 5.6% |
Number of Pages | 110 |
Key Companies Covered | Lonza Group Ltd, Evonik Industries AG, Croda International Plc, and BASF SE. |
Segments Covered | By Product, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The expansion of emollient esters industry in Europe over the forecast timeline is owing to large-scale presence of personal care & cosmetic item producers in the countries of Europe. In addition to this, onset of augment reality in advertisement of cosmetic items & skin care products has favorably impacted the expansion of personal care & cosmetic items industry. This, in turn, will produce lucrative growth avenues for emollient esters market in Europe over the forecast timeframe. Growing beauty consciousness among the customers will contribute majorly towards the regional market size.
The global emollient esters market profiles key players such as:
By Product
By End-User
By Region
FrequentlyAsked Questions
The expansion of emollient esters industry in Europe over the forecast timeline is owing to large-scale presence of personal care & cosmetic item producers in the countries of Europe.
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