(PharmaNewsWire.Com, February 07, 2020 ) The report "Emollient Esters Market by Product (Isopropyl Myristate, C12-15 Alkyl Benzoate, Caprylic/Capric Triglyceride, Cetyl Palmitate, Myristy l Myristate), by End-User (Skin Care, Hair Care, Cosmetics, Oral Care) & by Region - Global Forecast to 2020", The global emollient esters market is expected to reach USD 226.1 Million by 2020, at a CAGR of 5.4% from 2015 to 2020.
This market in the Asia-Pacific region is expected to grow at the highest CAGR as compared to other regions. New product developments, rising demand for personal care products, awareness for better health and hygiene, and rising disposable income are the factors influencing the overall demand for emollient esters.
Skin care: Major end user segment in the global emollient esters market
The volume of emollient esters consumed by the skin care products constitute more than one-third of its total end user market. This growth is mainly attributed to the increasing demand of emollient esters in moisturizers, anti-aging skin products, and sun care products. Fatty esters like isopropyl myristate are mostly preferred for skin care products. Apart from skin care products, there is a huge demand for emollient esters among other end users, such as hair care, cosmetics, and oral care.
Isopropyl Myristate: Dominating the global emollient esters product market
Isopropyl myristate is mostly used in skin care products as skin conditioning emollients. It is a vital cosmetic ingredient and offers a soft feeling to the skin and is therefore preferred by different personal care product manufacturers. One of the important applications is in bath oil formulations.
Browse in-depth TOC on "Emollient Esters Market” 75 - Market Data Tables 51 - Figures 130 - Pages
Europe: Most dominant region in the global emollient esters market
Among all the regions, Europe accounts for the largest share of the global emollient esters market. However, the emollient esters market in the Asia-Pacific region remains the fastest growing market, followed by Latin America. Most of the manufacturers of emollient esters based in Europe are expanding their footprints in the Asia-Pacific region to tap new opportunities in this market.
Some of the key players operating in the global emollient esters market include Lubrizol Corporation(U.S.), Stepan company (U.S), Ashland Inc.(U.S.), Innospec Inc. (U.S.), Croda International Plc (U.K.), Lonza Group Ltd(Switzerland), BASF SE(Germany), Evonik Industries AG (Germany), and others.
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