The United States caprylyl glycol market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 6.8% by 2034, reaching a value of USD 570.2 million. This surge is driven by a rising consumer inclination towards natural cosmetics and personal care items. As sustainability and wellness become increasingly important, the demand for these products continues to soar, promising a lucrative future for the industry.

NEWARK, Del., May 9, 2024 /PRNewswire/ -- The global caprylyl glycol market value is estimated to total USD 1.7 billion in 2024 and USD 3.2 billion by 2034. Global demand is anticipated to increase at a CAGR of 6.6% throughout the forecast period, fueled by increasing production and consumption of cosmetics and personal care items.

Multiple factors are expected to propel the demand for caprylyl glycol during the assessment period. These include robust growth of cosmetics and personal care sector, growing interest in natural ingredients, and widening applications of 1,2-octanediol in pharmaceutical and other industries.

Caprylyl glycol is becoming a widely used ingredient in the cosmetics and personal care sector. This is due to its growing popularity as a versatile moisturizer, emollient, and antimicrobial preservative. Thus, as the demand for cosmetics continues to surge, so will sales of caprylyl glycol.

Request Your Sample and Stay Ahead with Our Insightful Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-19590

Consumers globally are becoming aware of the importance of personal grooming and hygiene. This is prompting them to invest in a wide range of cosmetic and personal care products, especially those containing caprylyl glycol.

Modern consumers are also looking for natural ingredients in cosmetics and personal care products. Caprylyl glycol aligns well with this trend as it is mostly derived from plant-based sources.

Increasing adoption of caprylyl glycol in pharmaceutical formulations is anticipated to boost sales growth. Similarly, expanding applications of caprylyl glycol in industrial products like coatings, adhesives, and lubricants that require antimicrobial and moisture retention capabilities will fuel demand.

Key Takeaways from the Global Caprylyl Glycol Market:

• The global market is set to reach USD 3.2 billion by 2034, increasing at a 6.6% CAGR.
• Based on application, skincare products segment is set to record a 6.4% CAGR.
• By end-use, the cosmetics and personal care segment dominated the industry with a share of 36% in 2023.
• Revenue in China is projected to total USD 506.5 million by 2034.
• The United States is poised to progress at a CAGR of 6.8% through 2034.

"Escalating demand for natural cosmetic and personal care products and expanding application area of caprylyl glycol is anticipated to boost sales growth during the next decade," Says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights: https://www.futuremarketinsights.com/checkout/19590

Who is Winning?

Ashland, BASF SE, Clariant AG, Dow, Evonik Industries AG, Inolex, Inc., Lonza Group Ltd., and Symrise are a few of the leading caprylyl glycol manufacturers and suppliers listed in the report. Top players are concentrating on developing novel caprylyl glycol products aimed at improving skin health.

Several companies are investing in research and development to explore new applications of caprylyl glycol. Players are also looking to comply with regulations in the United States, Europe, and other regions. Similarly, strategies like partnerships, acquisitions, collaborations, new facility establishments, and mergers are becoming popular in the industry.

Industry Update:

• In 2023, Swiss-based Clariant AG announced the acquisition of Lucas Meyer Cosmetics, a prominent cosmetic ingredient supplier.

Caprylyl Glycol Market Key Players

• Ashland
• BASF SE
• Clariant AG
• Dow
• Evonik Industries AG
• Inolex, Inc.
• Lonza Group Ltd.
• Lotioncrafter
• Symrise
• Thor Personal Care

Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-19590

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the caprylyl glycol industry, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study offers compelling insights based on nature (natural and synthetic), grade (cosmetic grade and industrial grade), application (haircare products, skincare products, toiletries, makeup and color cosmetics, and others), and end-use (pharmaceuticals, cosmetics, and personal care, industrial, others) across several regions.

About the Chemicals and Materials Division at Future Market Insights (FMI)

The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on 'green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – 'The Way Forward'.  

Authored By

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Have a Look at Related Research Reports of Chemicals & Materials

The global hexylene glycol market is estimated to register a CAGR of 2.90% during the forecast period. The global market is likely to secure a valuation of US$ 208.6 million in 2024 and reach US$ 277.63 million by 2034.

Technological advancements & process innovations, bolster the overall scope for cyclohexylbenzene market, which is projected to grow at a CAGR of 5.0% between 2023 and 2033, totaling around US$ 716.5 million by 2033.

The butyl glycol market size is projected to be worth US$ 3.3 billion in 2023. The market is likely to reach US$ 4.7 billion by 2033. The market is further expected to surge at a CAGR of 3.6% during the forecast period 2023 to 2033.

The global biobased propylene glycol market is projected to have an average-paced CAGR of 4.40% during the forecast period. The market value of the biobased propylene glycol market is anticipated to reach a high of US$ 6.65 billion by the year 2032. 

By 2032, the polyalkylene glycol market is anticipated to reach US$ 594.6 billion, expanding at a high CAGR of 6.1%. The market size is worth US$ 328.94 billion in 2022.

The cosmetic chemicals market is likely to be valued at US$ 15.89 Billion in 2022 and is expected to reach US$ 26.84 Billion by 2032, growing at a CAGR of 5.4% during the forecast period.

The ASEAN cosmetic chemicals market share is projected to reach US$ 3226.5 Million in 2032. The growing beauty products market has been increasing the demand for value-enriched cosmetics.

The personal care ingredients market is anticipated to flourish at an average CAGR of 5.0% between 2023 and 2033. The market is expected to hold a market share of US$ 20.44 billion by 2033, while the market is likely to reach US$ 12.55 billion in 2023.

The market is expected to reach US$ 8.0 billion by 2033. The sodium caseinate market revenue will continue to expand at a moderate CAGR of 4.6%. 

The mono propylene glycol market size is projected to be worth US$ 3,974 million in 2023. The market is likely to reach US$ 6,473 million by 2033.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Logo: https://mma.prnewswire.com/media/1197648/3531122/FMI_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/caprylyl-glycol-market-valuation-set-to-total-usd-3-2-billion-by-2034-amid-escalating-demand-for-natural-cosmetics-and-personal-care-products--future-market-insights-inc-302141123.html