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Emollient Esters Market

Emollient Esters Market

Emollient Esters Market Analysis by Source (Plant-based, Shea Butter, Cocoa Butter Emollient Esters), by Product (Isopropyl Myristate, C12-C15 Alkyl Benzoate, Cetyl Palmitate Emollient Esters), by Form (Solid, Semi-Solid), by Application, by Region - Global Insights to 2031

Emollient Esters Market
FACT4516MR

Market Outlook for Emollient Esters

According to Fact.MR’s latest industry analysis on emollient esters, the global market was valued at US$ 205 Bn in 2020, and is expected to accelerate at a CAGR of 6% to top US$ 300 Bn by 2031. Demand for caprylic/capric triglyceride is projected to rise at a CAGR of 5% across the assessment period of 2021 to 2031.

Key Points Covered in Emollient Esters Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Assessment by Product Grade / Purity / Formulation Standards
  • Brand Share and Market Share Analysis
  • Sales of Shea Butter Emollient Esters in 2030
  • Demand for Plant-Based Emollient Esters Till 2030
  • Key Product Innovations and Regulatory Climate
  • Assessment of Import Price, Bulk Price, Contractual Price, Producer / Distributor Price
  • Certifications and Compliance Requirements
  • C12-C15 Alkyl Benzoate Emollient Esters Market
  • COVID-19 Impact on Emollient Esters Industry and How to Navigate
  • Recommendation on Key Winning Strategies

Emollient Esters Consumption Analysis from 2016-2020 Vs Future Market Outlook for 2021-2031

As per Fact.MR, a market research and competitive intelligence provider, the global market for emollient esters was valued at US$ 205 Bn in 2020.

New product developments, increasing investments in the research & development of green emollients, and high demand for liquid emollient esters are expected to drive market growth over the coming years.

Emollient esters are used extensively in cosmetics and personal care related items. Demand for caprylic/capric triglycerides is expected to rise due to their skin smoothening and antioxidant benefits. Increasing demand for natural skin care products has triggered new research opportunities for green emollients.

Moreover, rising disposable income and awareness for personal grooming will significantly contribute to the growth opportunities for plant-based emollient ester manufacturers over the coming years.

Increasing use of emollient esters in personal care products and growing sales of powder emollient esters are some of the major factors that are expected to drive the market at a 6% CAGR from 2021 to 2031.

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Which Properties of Emollient Esters are Stimulating Market Growth?

The chemical formulation of emollient esters helps improve smoothness of the skin. Emollient esters are molded through a reaction of a fatty alcohol with carboxylic acids. Other types include ethers, fatty acids, silicones, hydrocarbons, and fatty alcohols.

The personal care business is a major end user of emollient esters, since they improve sensorial sensation when applying cosmetic products. They offer multi-functional properties, for instance, excellent spread ability on the skin, solubilizes for organic sun filters, as dispersants for inorganic sun filters.

Among the various advantages of emollient esters, some of the major ones include that they modify the skin to a shiny appearance, condition the hair, improve elasticity of the skin, and prevent skin moisture loss. These superior properties will add extra growth to the emollient market.

What Key Restraints are Being Faced by Emollient Ester Manufacturers?

Stringent labeling rules for cosmetic ingredients and availability of cheaper and greener substitutes of emollients are some of the challenges that may restrict growth of the market.

Moreover, strict regulations and compliances across regions and countries limit the emollient esters market to some extent, since chemical ingredient manufacturers/suppliers have to provide accurate data and evidence from where ingredients are sourced. This is expected to hamper market growth to some extent.

Which Region Offers Lucrative Opportunity for Emollient Ester Suppliers?

Europe leads with 40% share in the global market for emollient esters. Expansion of the emollient esters industry in Europe is owing to the large-scale presence of personal care & cosmetic item producers in countries of Europe.

In addition, onset of augment reality in the advertisement of cosmetic items & skin care products has favorably impacted the expansion of the personal care & cosmetic items industry. This, in turn, will produce lucrative growth avenues for the market in Europe over the forecast timeframe. Growing beauty consciousness among customers will contribute majorly towards regional market growth.

Some more regional markets that are likely to perform well over the coming years are the Canada plant-based emollient esters market and the U.K. shea butter emollient esters market.

Emollient esters market by Fact.MR

Country-wise Analysis

What is the Emollient Esters Demand Outlook for the U.S.?

The market in the U.S. was valued at over US$ 55 Bn in 2020. Factors such as changing lifestyle, growing consciousness for personal hygiene, and increase in purchasing power of people for cosmetics & personal care products in the U.S. are expected to drive demand for emollient esters.

Presence of multinational companies and increasing amount that is spent on natural emollient esters and bio-based emollient esters for personal care products in the U.S. are factors that are fueling market growth.

Rising investments in emollient ester-based lotion and cream manufacturing companies are expected to positively impact the U.S emollient esters market over the forecast period.

Why is China Emerging as a Lucrative Market for Emollient Esters?

China is expected to enjoy a market of roughly US$ 65 Bn by 2031. Rapid growth in the population and urbanization along with increase in disposable income are factors that are positively influencing demand market.

China is showing considerable market growth owing to the fact that there is a considerable population in this country that is inclined toward sun protection creams, anti-wrinkles lotions and anti-aging creams.

Major R&D investments, rising use of use of oil based emollients as skin emollients and conditioning agents and skin softening agents, and expansion of production facilities in the country have further boosted sales of emollient esters.

An Adaptive Approach to Modern-day Research Needs

Category-wise Insights

Why is the Popularity of Caprylic/Capric Triglycerides Rising Rapidly?

Caprylic/capric triglycerides are an oily fluid processed from blending coconut oil with glycerin. This mixture is often called capric triglyceride. It helps with smoothening the skin and also works as an antioxidant.

These compounds are made from naturally occurring fatty acids. The high-fat substance in them nearby the surface and antioxidizing attributes make them ideal for chemical and skincare items.

Will Demand for Use of Emollient Esters in Skin Care Products Remain High?

Owing to social media trends, awareness and desire for beauty and skin care products has soared. Rising number of beauty influencers and K-beauty trends have enabled manufacturers to open up new platforms for the sale of skin care products.

The volume of emollient esters consumed by skin care products constitutes more than one-third of the total end user market. This growth is mainly attributed to increasing demand of emollient esters in moisturizers, anti-aging skin products, and sun care products. Fatty esters such as isopropyl myristate are mostly preferred for skin care products.

Environmental pollutants such as traffic fumes, industrial exhaust, cigarette smoke, and stubble burning are adversely affecting the hair and skin. This is resulting in increased demand for anti-pollution skincare and personal care products, which, in turn, creates healthy growth opportunities for manufacturers of emollient esters.

How Has COVID-19 Impacted Demand for Emollient Esters?

Due to the recent outbreak of coronavirus, sales of cosmetics were been weak in most of 2020, besides widespread store closures.

Most industries across the world have been negatively impacted over the last 18 months. This can be attributed to significant disruptions experienced by emollient ester manufacturers, manufacturers of emollient esters for skin care products, and disruptions in supply-chain operations as a result of various precautionary lockdowns, as well as other restrictions that were enforced by governing authorities across the globe.

The same applies to the global emollient esters market. Moreover, consumer demand has also subsequently reduced as individuals are now focusing on eliminating non-essential expenses from their respective budgets as the general economic status of most has been severely affected by this outbreak.

These aforementioned factors are expected to burden the revenue trajectory of the market over the forecast timeline. However, as respective governing authorities begin to lift these enforced lockdowns, the global market is expected to recover accordingly. Also, some beauty product brands and retailers are reporting e-Commerce sales twice as high as their pre-COVID-19 levels.

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Competitive Landscape

Under organic and inorganic market strategies, players have been investing billions of dollars in production capacity expansions, acquisitions, collaborations, and product development to leverage the huge potential in the market.

New strategies adopted by cosmetic emollient ester manufacturers in Spain and the Mexico cocoa butter emollient esters market aim towards high utilization of emollient esters in manufacturing of skin care and personal care products.

  • In 2019, BASF SE signed an agreement with French company Biomillenia. The collaboration will help BASF to deliver innovative skin care ingredients by using Biomillenia’s unique microbiome-on-a chip technology.
  • In 2019, Clariant AG collaborated with Elevance, a leader in natural metathesis. The collaboration aims to deliver green emollient ingredients dedicated towards personal care industry.

Emollient Esters Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 205 Billion

Market forecast value in 2021

USD 300 Billion

Growth Rate

CAGR of 6% from 2021 to 2031

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Brazil
  • Mexico
  • Argentina
  • GCC
  • South Africa

Key Market Segments Covered

  • Source
  • Product
  • Form
  • Application
  • Region

Key Companies Profiled

  • BASF SE
  • RITA Corporation
  • Ashland Inc.
  • Phoenix Chemical, Inc.
  • Croda International Plc
  • Lipo Chemicals, Inc.
  • Solvay SA
  • Abitec Corporation
  • PHOENIX CHEMICAL, INC.
  • Vantage Specialty Chemicals
  • Yasho Industries Pvt., Ltd.
  • Lonza Group Ltd.
  • Lubrizol Corporation
  • Innospec Inc.
  • Stepan Company
  • Evonik Industries AG

Pricing

Available upon Request

Key Segments Covered in Emollient Esters Industry Research

  • Source

    • Plant-based Emollient Esters
    • Shea Butter Emollient Esters
    • Cocoa Butter Emollient Esters
    • Others
      • Animal-Based Emollient Esters
      • Paraffin Emollient Esters
  • Product

    • Isopropyl Myristate Emollient Esters
    • C12-C15 Alkyl Benzoate Emollient Esters
    • Caprylic/Capric Triglyceride Emollient Esters
    • Cetyl Palmitate Emollient Esters
    • Myristyl Myristate Emollient Esters
    • Others
      • Isopropyl Palmitate Emollient Esters
      • Butyl Oleate Emollient Esters
      • Cetyl Acetate Emollient Esters
  • Form

    • Solid Emollient Esters
    • Semi-Solid Emollient Esters
    • Liquid Emollient Esters
    • Powder/Flakes Emollient Esters
  • Application

    • Emollient Esters For Skin Care Products
    • Emollient Esters For Hair Care Products
    • Emollient Esters For Cosmetic Products
    • Emollient Esters For Oral Care Products

- FAQs -

The global market for emollient esters is currently worth more than US$ 205 Bn.

From 2016-2020, sales of emollient esters registered a CAGR of 3%.

Increasing demand for skin and hair care products across personal care industry verticals are the main drivers for the market.

BASF SE, RITA Corporation, Ashland Inc., Phoenix Chemical, Inc., and Croda International Plc are key suppliers of emollient esters, as per ratings on the basis of market share, market reach, clientele, etc.

Europe, with 40% of global market share, will largely contribute to the growth of emollient esters revenue.

Emollient ester sales in China are forecasted to top US$ 65 Bn by 2031.

The U.S., China, India, Mexico, and Germany are expected to drive most of the demand for emollient esters.

Emollient ester sales in Germany are set to increase at a CAGR of 4% through 2031.

Skin care products continue to be the highest revenue-generating segment of emollient esters, accounting for 50% global revenue.

The global market is anticipated to rise at a CAGR of 6% over the forecast period of 2021 to 2031.

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