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Global Cocamide Diethanolamine Market to Grow at a CAGR of 5% During 2020-2025, Driven by the Rising Demand form the Cosmetics Industry

According to a new report by EMR titled, ‘Global Cocamide Diethanolamine Market Report and Forecast 2020-2025’, the global market for cocamide diethanolamine is expected to grow at a CAGR of 5% in the forecast period of 2020-2025.

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:

  • The cocamide diethanolamine industry based on form can be divided into solid and liquid.
  • Based on functionality, the market can be divided into foaming, emulsifying agent, and viscosity increasing agent, among others.
  • Based on end use, the market is segmented into personal care products, cosmetics, and household detergents, among others.
  • The regional markets for cocamide diethanolamine include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The cocamide diethanolamine industry is being driven by the widespread demand for cosmetic products.
  • The rapidly growing end use industries are contributing significantly to the market growth, especially in emerging countries.
  • The outstanding foaming and emulsifying properties of cocamide diethanolamine are helping it make its way into the pharmaceuticals and cosmetics industries.
  • The market is expected to witness a further expansion in the coming years due to a huge increase in the manufacturing capacities of industries globally.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for cocamide diethanolamine for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the forms, functionalities, end uses, and major regions of cocamide diethanolamine.
  • It assesses the regional price trends for the (2015-2019) and (2020-2025) periods. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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