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The global market for cocamide diethanolamine is anticipated to witness a further growth in the forecast period owing to the rising demand for cosmetic and skin-care products. The widespread use of cocamide diethanolamine in various end-use industries is aiding the market growth. The rising usage of the chemical in pharmaceuticals and cosmetic products due to its foaming and emulsifying properties is expected to drive the market growth further. Rapid urbanisation, changing consumer preferences, and rising manufacturers globally are expected to further propel the market growth.
In March 2020, Kao Corporation (OTCMKTS: KAOOY), one of the leaders in the industry was selected as a Health and Productivity Management Brand by the Ministry of Economy, Trade and Industry (METI), and the Tokyo Stock Exchange (TSE), for the sixth consecutive year. The company is striving toward the achievement of K20, the Kao Group Mid-Term Plan. The Kao GENKI Project combines internal health care and visualization technologies. Owing to these technological advancements, the production and usage of cocamide diethanolamine in beauty and healthcare products has seen a surge in demand.
Market Analysis by Form, Functionality, End Use, and Region:
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The major players in the global cocamide diethanolamine market are Kao Corporation, Galaxy Surfactants Limited, Tawiwan NJC Corporation, BASF SE, Stepan Company, Enaspol A.S., and Alpha Chemicals Pvt. Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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