Global Octyl Salicylate Market
Chemicals

Global Octyl Salicylate Market Forecast 2023-2032: Estimated Market Size And Growth Rate

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

According to The Business Research Company’s Octyl Salicylate Global Market Report 2023, The global octyl salicylate market is expected to grow from $1.05 billion in 2022 to $1.13 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The octyl salicylate market is expected to reach $1.44 billion in 2027 at a CAGR of 6.2%.

 

Asia-Pacific held the largest octyl salicylate market share.

 

Octyl Salicylate Market Driver

The increasing demand for personal care products is expected to propel the growth of the octyl salicylate market going forward. A personal care product refers to a group of self-care items used for personal hygiene, cleaning, and grooming. They consist of shampoos, conditioners, toothpaste, creams, coloring products for hair, lipsticks, beauty products, bath soaps, detergents, sunscreens, scents, and home items. Octyl salicylate is used in personal care goods, such as sunscreens, lotions, and other personal care products, to protect skin primarily from UVB rays. For instance, in February 2023, according to L’Oréal S.A., a France-based personal care company, sales of consumer products increased from 11.8% to 14.6% and active cosmetics from 28.0% to 30.6% from the 4th quarter of 2022 to December 31, 2022. With a growth of +21.9% like-for-like and +30.6% based on reported numbers, the Dermatological Beauty Division closed the year with an exceptional gain. Therefore, the increasing demand for personal care products is driving the growth of the octyl salicylate market.

 

View More On The Octyl Salicylate Market Report 2023 –
https://www.thebusinessresearchcompany.com/report/octyl-salicylate-global-market-report

 

Key Octyl Salicylate Market Segments

The global octyl salicylate market is segmented –

1) By Type: Colorless, Light Yellow

2) By Application: Perfume, Soap, Cosmetics, Sunscreens, Other Applications

3) By Distribution Channel: Online, Offline

4) By End-User: Personal Care, Consumer Goods

 

Octyl Salicylate Market Prominent Players

Major players in the octyl salicylate market are Cargill Incorporated, Archer Daniels Midland Company, BASF SE, Evonik Industries AG, DuPont de Nemours Inc., International Flavors & Fragrances Inc., Kao Corporation, Kerry Group plc, Givaudan SA, Lubrizol Corporation, Clariant AG, Symrise AG, Koninklijke DSM N.V., Firmenich SA, Croda International plc, Takasago International Corporation, Sensient Technologies Corporation, Robertet SA, Aceto Corporation, T. Hasegawa Co. Ltd., Bell Flavors & Fragrances Inc., Tokyo Chemical Industry Pvt Ltd., Ernesto Ventos SA, MFCI Co Ltd., Aako BV, and Mane SA.

 

Request A Sample Of The Global Octyl Salicylate Market Report 2023:
https://www.thebusinessresearchcompany.com/sample_request?id=12693&type=smp

 

Prominent Octyl Salicylate Market Trend

Product innovation is a key trend gaining popularity in the octyl salicylate market. Major companies operating in the octyl salicylate market are developing innovative products to sustain their position in the market. For instance, in July 2022, Givaudan, a Switzerland-based chemical manufacturing company, launched Neosalyl. It is a pure substitute for its synthetic alternative. It is an organic form of salicylic acid that is 100 percent natural for the skin and scalp. Neosalyl, made from the pure essential oil of the wintergreen plant through the method of green fractionation, provides all the advantages of dermo-purification for the skin and shine and anti-dandruff capabilities for hair care.

 

The Octyl Salicylate Global Market Report 2023  provides comprehensive insights on the octyl salicylate market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the octyl salicylate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

 

View More Related Reports –

Chemicals Global Market Report 2023

Chemical As A Service Global Market Report 2023

Chemoinformatics Global Market Report 2023

 

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

 

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708

Email us at info@tbrc.info

 

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Leave a Reply

Your email address will not be published. Required fields are marked *