Emollients Market Is Expected to Grasp the Value of USD 1.48 billion with Growing A CAGR of 4.2% by 2027

Market Overview: The Global Emollients Market is anticipated to experience a Compound Annual Growth Rate (CAGR) of 4.2%, rising from USD 1.06 billion in 2019 to USD 1.48 billion in 2027. The primary driving forces behind this growth include the increased use of topical medicinal skin treatments, addressing skin dryness, moisturizing, and the expanding demand for hair care, skin care, and toiletries products. Additionally, the cosmetic and personal care industries' substantial growth and the widespread adoption of sunscreen, anti-acne creams, and lotions contribute consistently to the market's momentum.

Market Players Leading players in the global Emollients market include Stephenson Group Limited, The Lubrizol Corporation, Sonneborn, LLC, BASF SE, Cargill, Incorporated, Evonik Industries AG, Hallstar Company, Vantage Specialty Ingredients, Inc., Schmidt GmbH & Co. KG, and Innospec Inc., among others. These players have implemented various strategies related to the market between 2017 and 2020.

Start-up Traction The market industry presents significant opportunities for small manufacturers and startups to provide cost-effective solutions in manufacturing. The report profiles innovative start-ups that are experiencing remarkable growth, showcasing their innovative techniques and developments.

Type Outlook: Isopropyl Myristate is the most widely used emollient, prominently utilized in manufacturing topical medicinal preparations and specialty cosmetics for dryness-reducing skin care products. The Isopropyl Myristate sub-segment is projected to grow at a CAGR of 5.2% throughout the forecast period, reaching a market share of 30.8% by 2027.

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Grade Outlook: Domestic Grade refers to manufacturing processes targeting household end-use products or common individual usage. Industrial grades differ significantly in formulation and are processed solely for industrial or heavy-duty purposes. Domestic Grade is experiencing the fastest growth, with a 5.3% CAGR during the projected period.

Sales Channel Outlook: Online retail is anticipated to exhibit the highest growth rate of 7.6% during the forecast period. This growth is attributed to the availability of a variety of end-use products at discounted rates compared to traditional retail prices, attracting more customers. The use of e-commerce services has surged in both developed and developing markets due to factors such as cost-effectiveness and quick accessibility.

Regional Outlook: The Asia Pacific region boasts a leading consumer base and occupies a substantial market share. This region is expected to register the highest growth, driven by increased demand for skin care and hair care products, particularly in countries like China, India, and Indonesia.

North America is projected to grow at a CAGR of 4.7% from 2020 to 2027, primarily due to high consumer emphasis on medicated personal care products, especially in the U.S. and Canada. The presence of major players in the region has played a significant role in increasing market penetration.

Europe, as a consumer in this market, is expected to retain a significant market share by 2027. Countries like Germany, the United Kingdom, and Spain are witnessing increasing consumer presence year on year, driven by higher penetration of topical medicinal products.

Market-O-Nomics The growing popularity of the personal care industry, including hair care and skin care products addressing various skin issues, is a significant driver for market growth. The demand for highly effective anti-inflammatory, skin-irritating, and acne-removing products is a primary driver for the market and is expected to contribute to overall market growth. The pharmaceutical grade is witnessing considerable growth during the forecast period due to the significant development of pharmaceutical and topical medicine products. Companies are focusing on research and development to develop new production techniques and formulate innovative products, expanding their product portfolios to meet the growing demand for end-use products and applications.

Due to the cost-effective offerings and impressive product quality of Indian chemical formulating companies, many FMCG product manufacturers are entering into deals with Indian counterparts. Advancements in manufacturing techniques, ample resources for manufacturing units, efficient processing techniques, higher production capacity, increased consumer base, and favorable business models for export and import have made Asia Pacific developing countries a trend for outsourcing raw materials and chemical products.

Deals Landscape Mergers and Acquisitions play a crucial role in this industry. These strategic initiatives by leading and growing companies have been included in the report, offering insights into the market's dynamic landscape.

Challenges and Opportunities All strategies and forecasts for industry growth have been disrupted by the COVID-19 pandemic, requiring a reassessment. Main players are advised to review their strategies to adapt to the post-COVID-19 scenario and maintain healthy relationships with business partners. The pandemic is expected to result in a decrease in the world's average disposable income, prompting manufacturers to explore new areas.

Segmentation The report forecasts revenue growth globally, regionally, and at the country level, providing an analysis of market trends in each sub-segment from 2020 to 2027. The report covers the following segments:

Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

• Isopropyl Myristate
• C12-C15 Alkyl Benzoate
• Caprylic/Capric Triglyceride
• Cetyl Palmitate
• Myristyl Myristate
• Others

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