As per Fact.MR – a market research and competitive intelligence provider, the market for emollient esters is projected to register a CAGR of 6% over the 2021 to 2031 forecast period.
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Emollient ester is a chemical ingredient that is widely used in the formulation of cosmetic products. It offers prevention of natural moisture loss from the skin, thereby preventing the evaporation of water from the outer layer of the epidermis. This formulation helps improve smoothness of the skin. Emollient esters are molded through the reaction of a fatty alcohol with carboxylic acids.
Growing economies such as BRICs & Middle Eastern countries and increasing ageing population are key reasons for the fast growth of personal care industries. Chemical manufacturers and suppliers are keeping pace with increasing demand for emollient ingredients for hair, skin, oral care, etc.
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Healthy growth of the men’s grooming market is also influencing the market to a great extent. Other driving aspects for the market are rising sales of beauty products natural and bio-based personal care products.
“Demand for emollient esters from cosmetic manufacturers is set to provide thrust to market growth over the coming years,” according to a Fact.MR analyst.
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Key players are adopting an aggressive approach for establishing a global footprint to ensure their producing capacity is meeting increasing global demand. Companies leverage strategic collaborative initiatives to increase their market share and profitability.
Companies such as BASF SE, Croda International Plc, Evonik Industries AG, and Lubrizol Corporation are market leaders and have a strong presence in Asia Pacific region. These manufacturers have focused on the development of emollient esters with new sources, which may broaden their portfolio and sales. Companies are eyeing emerging consumer and cosmetics market to increase their overall sales.
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