Emollient Ester is a main ingredient, imparting a sensory property to many personal care products. It also finds its use in cosmetics, pharmaceuticals and lubricants industry. Since long it was derived from petroleum but the increasing sustainable and greener chemical demand has brought a shift in this market.
Market Driver Analysis
The growing personal care industry, promises a strong market for emollient esters in the coming years. Multi-functional and greener emollients esters are highly preferred over the conventional emollients by the consumers and the manufacturers of skin care, hair care, and cosmetic products. Emollient Ester with added colour, sun screen actives, long - stay, non-greasy and other novel functions help its formulators to provide an innovative product to the consumers.
Geographical Analysis
Organic and natural emollients esters are expected to show a high growth in the matured markets of Europe and North America. Moreover the markets of emerging economies are showing increased acceptance to skin and hair health thus, showing encouraging prospects for emollient esters market. Japan and China are seen as the next big emollient esters markets in the near future.
Competitor Analysis
Recently the chemical giant – BASF expanded its production capacity foreseeing the growth in this market. On the other hand there are companies like BioAmber who are bringing renewable alternatives to petroleum based emollient esters. Evonik Industries AG, Lubricol Corporation, Croda, Lonza Group Ltd., AAK AB, Lipo Chemicals are some key players of this market.
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