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Global Dicaprylyl Carbonate Market to Grow at a CAGR of 4% During 2020-2025, Driven by the Rising R&D Investments

According to a new report by EMR titled, ‘Global Dicaprylyl Carbonate Market Report and Forecast 2020-2025’, the global market for dicaprylyl carbonate is projected to register a CAGR of 4% over the forecast period of 2020-2025.

The growing investments in the R&D of improved cosmetic solutions are aiding the growth of the dicaprylyl carbonate industry. The growing consumer awareness regarding the harmful effects of UV rays on the skin is resulting in enhanced demand for sunscreen lotions with high SPF and PA rating, particularly in emerging nations. The manufacturers are increasingly investing in the preparation of suncare formulations with outstanding solubilising capacities for crystalline UV-filters, which is driving the demand for the product. Moreover, the new product launches by the leading beauty brands like L'Oréal Paris, among others, will contribute to the industry growth in the coming years.

BASF SE, one of the leading players in the industry, manufactures dicaprylyl carbonate under the brand name Cetiol® CC, 70% of which is derived from natural, renewable feedstocks. It is an excellent alternative to silicones used in personal care and cosmetic products and further has good makeup removing efficacy. The company has received product approval from COSMOS, ECOCERT, BDIH, and NPA, making it ideal for people wishing to use certified and clean labelled products. Moreover, the growing e-commerce sector is resulting in enhanced sales of cosmetics and personal care products owing to the convenience factor. The e-commerce giants like Amazon.com, Inc. (NASDAQ: AMZN), and Alibaba Group Holding Limited (NYSE: BABA) are expanding their global reach and targeting potential emerging markets. Such developments are expected to aid the global dicaprylyl carbonate industry growth over the forecast period.

Market Breakup by Function, End Use, and Region:

  • On the basis of function, the market can be segmented into emollient and skin conditioning, among others.
  • Based on end use, the industry has been categorised into skin moisturiser/lotion, sunscreen, anti-ageing treatment, deodorants, hair dye, and shaving creams, among others.
  • Region-wise, the global dicaprylyl carbonate industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global dicaprylyl carbonate industry is being driven by the thriving personal care and cosmetics industry. 
  • The increasing demand for products with natural ingredients and growing health awareness among consumers are aiding the market growth.
  • The growing disposable incomes and rapid technological advancements are significantly contributing to the industry growth. 
  • The market is receiving further impetus with the growing retail sector.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for dicaprylyl carbonate for the periods (2015-2019) and (2020-2025). 
  • The report also offers historical (2015-2019) and forecast (2020-2025) market information for functions, end-uses, and regional markets of dicaprylyl carbonate.
  • The report also gives the regional historical (2015-2019) and forecast (2020-2025) price trends of the product.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global dicaprylyl carbonate market are BASF SE and Taiwan NJC Corporation., 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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