According to TechSci Research report, “Emollients Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Emollients Market stood at USD1.47 billion in 2022 and is anticipated to grow with a CAGR of 4.42% in the forecast period, 2023-2028. The initiatives taken by government based on emollients has led to favorable market conditions for the Global Emollients Market. Several factors contribute to the growth of various emollients market products.
In light of recent findings about the fire risks associated with emollients, governments around the world have taken proactive measures to raise awareness and ensure public safety. For instance, the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) has extended warnings about the risk of severe and fatal burns to all paraffin-based emollients, regardless of their concentration.
To further address this issue, firefighting agencies, including those in West Sussex and London, have launched comprehensive campaigns urging users of emollient creams to take necessary precautions and protect themselves against fire risks. These agencies have provided simple yet effective prevention tips to minimize the chances of accidents.
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The surge in research and development (R&D) activities is playing a crucial role in driving the growth of the emollients market. With an increasing focus on innovation, companies are developing novel and advanced emollient products that offer unique benefits and cater to the evolving consumer demands. This not only expands the emollients portfolio but also presents new opportunities for market expansion, as these innovative products find applications in various industries such as personal care, pharmaceuticals, and cosmetics. As a result, the emollients market is poised for significant growth in the coming years, fueled by the continuous efforts to develop cutting-edge solutions and meet the diverse needs of consumers worldwide.
The Global Emollients Market is segmented into product type, application, regional distribution, and company.
Based on its application, the hair care segment held the largest share in the market. The increasing consumer awareness of beauty and personal care, coupled with the desire for healthier and more vibrant hair, is driving the demand for a wide range of specialized hair care products. These products, including shampoos, conditioners, hair masks, creams, and hair gels, among others, are specifically formulated with emollients to provide deep hydration and nourishment to the hair and scalp. Emollients play a crucial role in maintaining the moisture balance of the hair, preventing dryness and frizz, and promoting overall hair health. With their unique properties and benefits, emollients are becoming an essential component in the formulation of hair care products, contributing to the growth and success of the emollient market.
Based on region, Asia Pacific segment is expected to grow during the forecast period.
The market growth in this region is primarily attributed to the rising demand for cosmetics products. The demand for personal care products is tremendously increasing among millennials and young adults in the region. This can be attributed to various factors such as increased awareness about skincare and grooming, changing beauty standards, and the influence of social media. As a result, numerous companies are launching innovative personal care products targeting young adults and millennials. For instance, in June 2022, Shiseido, a leading beauty brand, launched Sidekick, a new skincare line specifically designed for Gen-Z men in the Asia Pacific region. This product line aims to the unique skincare needs and preferences of cater to the unique skincare needs and preferences of this demographic, offering effective and tailored solutions. With the introduction of such specialized products, the personal care industry is continuously evolving to meet the ever-changing demands of the market and consumers.
Major companies operating in Global Emollients Market are:
- BASF SE
- Clariant AG
- Eastman Chemical Company
- The Lubrizol Corporation
- Covestro AG
- Evonik Industries AG
- HallStar Company
- Croda International Plc
- Ashland Inc.
- Lonza Group AG
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“Growing application of emollients in various end user industries are key drivers of the emollients market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of emollients with every passing year are anticipated to register an impressive growth to Global Emollients Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Global Emollients Market By Product Type (Isopropyl Myristate, C12-15 Alkyl Benzoate, Caprylic/Capric, Triglyceride, Cetyl Palmitate, Myristyl Myristate, Others), By Application (Hair Care, Cosmetics, Oral Care, Skincare, Fragrances, Toiletries, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Emollients Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Emollients Market.
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