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Report Overview
The global oxo-octyl acetate market attained a value of USD 466.88 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 6.00%, to reach USD 836.11 Billion by 2034.
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
Compound Annual Growth Rate
Value in USD Billion
6%
2025-2034
Oxo-Octyl Acetate Market Outlook
*this image is indicative*
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North America to Significantly Contribute to the Global Industry
The market for oxo-octyl acetate has seen considerable growth in the historical period 2018-2024, especially since oxo-octyl acetate is used in the manufacture of cosmetics and pharmaceuticals, which have a worldwide demand. The market is mainly dominated by North America where there is a high demand for these consumer-end products. The growth rate in the forecast period is expected to be dominated by the Asia Pacific region, where emerging economies with high populations like India and China are expected to fuel demand, along with countries like Republic of Korea, Taiwan, Malaysia, and Indonesia. There is a high potential for growth in Latin America and the Middle East and Africa, while the markets in North America and Europe are expected to remain saturated.
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USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Oxo-Octyl Acetate: Market Segmentation
Oxo-octyl acetate is a chemical synthesised using phenol and ethylene oxide at high temperature and pressure. At room temperature and pressure, it is present in the liquid state and is clear, oily and colourless. The chemical is not very soluble in water and it is moderately prone to evaporation. It is used in the manufacturing of cosmetic products like skin creams and sunscreen lotions.
The oxo-octyl acetate market can be segmented by application into:
- Pharmaceuticals
- Cosmetics and Personal Care
- Paint and Coating
- Pesticides
- Others
The regional markets for oxo-octyl acetate can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Demand for Cosmetics Bolstering the Market Growth
Oxo-octyl acetate is majorly used in the manufacture of cosmetics, due to its physical properties like volatility, moderate solubility and colourless appearance, and chemical properties like less toxicity and acting as preservatives for vaccines, pharmaceuticals, and cosmetics. The rise of the cosmetics industry is expected to bolster the demand for oxy-octyl acetate. Due to the rise in incomes, improving industrialisation and increasing urbanisation, there has been a general rise in the demand for cosmetics. Moreover, the demand for this chemical has increased in the aftermath of the COVID-19 pandemic as there is expected to be a widespread demand for vaccines, for which oxy-octyl acetate is a viable preservative.
Key Industry Players in the Global Oxo-Octyl Acetate Market
The report gives a detailed analysis of the key players in the global oxo-octyl acetate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global oxo-octyl acetate market was driven by the cosmetics industry, which reached USD 466.88 Billion in 2024.
The oxo-octyl acetate market is projected to be driven by the cosmetics industry, which is expected to grow at a CAGR of 6.00% between 2025 and 2034.
The major drivers of the market include surging disposable incomes, rising population levels, and the growing demand for oxo-octyl acetate in the cosmetics sector.
The key trends guiding the market include rapid industrialisation and urbanisation, the rising manufacturing of cosmetics, and the growing use of oxo-octyl acetate to preserve vaccines and pharmaceutical products.
The major regions in the oxo-octyl acetate market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different applications of the product are pharmaceuticals, cosmetics and personal care, paint and coating, and pesticides, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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