GlobalEthylhexyl Cocoate Market: Overview
Also knownas coconut oil, Ethylhexyl Cocoate is a personal care ester consisting of amixture of fatty acids obtained from the dried inner flesh of coconuts. It is acommon ingredient in many cosmetics and other personal care products as it actsas an emollient, acting to soften dry or rough skin and enhance its appearance.
In anincreasingly outgoing global population, a sound cosmetic appearance isparamount for. In the year 2018, sales in cosmetics industry grew by an approximate5.5 percent compared to the previous year. Hence, one finds a flourish in thecosmetic industry, and riding this wave of personal upkeep and maintenance isthe Global EthylhexylCocoate Market, which is set to witness increased growth over the forecastperiod of 2020 to 2030, notes Transparency Market Research in its upcomingmarket report.
Global Ethylhexyl Cocoate Market: Competitive Landscape
TheEthylhexyl Cocoate Market has a large number of manufacturers marking itsvendor landscape, making it fragmented and competitive.
The majorplayers operating in the global ethylhexyl cocoate market are -
· Berg+Schmidt
· BASF
· Oleon
· Brenntag Nederland BV
· Acme-Hardesty
· Croda
· Eucerin (Beiersdorf)
· A&A Fratelli Parodi Spa
· Mosselman SA
· Independent Chemical Corporation
Theseplayers adopt various strategies to increase market outreach and penetration,such as mergers and acquisitions and a keen focus on research anddevelopment.
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GlobalEthylhexyl Cocoate Market: Key Trends and Drivers
Ethylhexylcocoate market is growing at a significant rate due to growing healthcareconcerns among an increasingly health conscious population. Also, with anincreasing amount of disposable income now present with people, the cosmeticindustry is set to create demand for ingredients such as ethylhexylcocoate. A glimpse into growth factors is provided below:
· Contributions of skin care and cosmetics towards growth in themarket are improving, owing to adversely changing environmental conditions,such as an increasing level of pollution. Growth in use of moisturizers andemollients has thus been observed to fight such factors that are having anegative impact on skin. This is pushing demand for ethylhexyl cocoate as acleansing agent.
· Ageing population is a significant growth propeller in theglobal ethylhexyl cocoate market. This is leading to higher demand for skincare products, leading to increase in growth in the ethylhexyl cocoate marketover the forecast period. It is predicted that by 2050, about 2 billion peoplein the world will be aged 65 and over.
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