Emphasis on Product Type (Natural Ethylhexyl Cocoate and Synthetic Ethylhexyl Cocoate); Application (Moisturizer/ Emollient, Emulsifying Agents, Skin Treatment Creams, Cleansing Agents, Foam-Boosting Agents, and Others); End-Use Industry (Cosmetics & Personal Care, Pharmaceuticals, Industrial Applications, and Others); and Region/Country
The ethylhexyl cocoate market was valued at USD 1,420 million in 2023 and is expected to grow at a robust CAGR of around 7.12% during the forecast period (2024-2032) driven by the increasing demand for personal care products, consumer shift towards natural ingredients, and the growing government and regulatory support for the adoption of bio-based and environmentally friendly materials.
The Ethylhexyl Cocoate Market is witnessing steady growth within the forecast period. The major factors comprising the growth of ethylhexyl cocoate are rising demand in cosmetics and personal care formulation usage for skin conditioning and emollient. Ethylhexyl cocoate is a synthetic ester derived from coconut oil that is also very popular in moisturizers, sunscreens, and other skin care products because it provides better texture and spreadability to formulations. Apart from these, other important trends promoting market growth include rising consumer awareness about the advantages of using natural and sustainable ingredients in beauty and personal care products. Furthermore, there is a higher demand for ethylhexyl cocoate in developing eco-friendly vegan cosmetic formulations, thereby being used as a plant-based substitute for animal-derived materials. For instance, in October 2023, BASF is investing in increasing the production capacity for emollient specialties at its Düsseldorf site, Germany. The new facilities, consisting of a reactor and improved distillation units, are scheduled to go online in the third quarter of 2025. This investment is a response to the increased demand for specialty emollients, with a focus on silicone-free formulations for skin care and octocrylene-free formulations for sun protection in Europe.
Shift Toward Natural and Sustainable Ingredients
Natural and organic ingredients have gained an enormous amount of traction with personal care product consumers in recent years, directly impacting the ethylhexyl cocoate market. Consumers undergo a change as their preferences shift, along with modifications in regulations prompting industry-wide movement towards reducing its carbon footprint.
Awareness of consumers: Today's shoppers are well aware and make eco-informed decisions regarding their purchases. They actively seek out products with a reduced environmental footprint, placing pressure on the cosmetic manufacturer to include ingredients such as ethylhexyl cocoate in their composition.
Regulatory Pressure: Regulatory frameworks such as those established by the European Union around the Green Deal and stringent norms defined in North America demarcate the outlines for the sustainability agenda of production practices. The frameworks ignite the flame of product innovation among manufacturers to modify and adapt their bioprocesses for the production of ethylhexyl cocoate with minimum petrochemical usages.
Technological Advances: Advanced biotechnological methods have enabled the development of natural ethylhexyl cocoate with better properties. They assist in the extraction and refinement of the ingredients using less waste and energy.
The Asia Pacific ethylhexyl cocoate market is expected to dominate in the forecast period. The major factors contributing to the growth of the market are the growing demand for natural ingredients, rapid industrialization and urbanization, and government support for sustainable products. Asia Pacific's consumers are inclined to more sustainable choices for their personal care products, which has shifted consumers for the greater adoption of natural ingredients, which aligned with ethylhexyl cocoate. This is most widely seen in countries like China, where there is a huge advocacy for eco-friendly products. Rapid urbanization and industrialization in the Asia Pacific region have created a market for personal and cosmetic products. There are cities like Shanghai and Mumbai, which are very much alive with the production and distribution of these products that further fuel the use of ethylhexyl cocoate. Added to the presence of social media and beauty trends is the growing demand that this produces in the market of premium skincare infused with ethylhexyl cocoate. In the Asia-Pacific region, governments have celebrated the advent of bio-based and environmentally friendly materials in policy development. And this intriguing allergen opened up applications for ethylhexyl cocoate adoption. For example, China just put in an act on renewables, which is one contributing element to the ethylhexyl cocoate market in this region.
The ethylhexyl cocoate market is competitive and concentrated, with few global and international players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some major players operating in the market are BASF Personal Care and Nutrition GmbH, Croda International Plc, Evonik, Berg+Schmidt GmbH & Co. KG, Acme-Hardesty, Stepan Company, The Lubrizol Corporation, Eastman Chemical Company, Silver Fern Chemical LLC., and Galaxy Surfactants Private Limited.
In 2023, Volarest FL and ViscOptima SE are two cold-processable, multifunctional ingredients- from Croda International-presentation tags- at the NYSCC Suppliers' Day event. Both materials are sourced from plants, liquid at ambient temperature, and Halal approved, looking to suit versatile applications within personal care formulation. Volarest FL, INCI: Acrylates/Beheneth-25 Methacrylate Copolymer, is designed specifically to target delivery in sprayable emulsions, allowing for weightless suspension of emollients and beads in low viscosity fluids. Suitable for use in bath care, after sun products, body care, face and eye care, and hair formulations. ViscOptima SE (INCI: Sodium Polyacrylate, Ethylhexyl Cocoate, PPG-3 Benzyl Ether Myristate, Polysorbate 20) is a multifunctional anionic rheology modifier that can be additionally employed in oil-in-water creams and lotions. The material can be processed hot or cold allowing pumpable or sprayable formulations. These ingredients lowering of carbon footprints for formulators, enabling cold processing under sustainable nature among formulation practices.
In March 2021, Croda International Plc, a UK-based chemical company acquired Alban Muller for an amount of £16m. The acquisition strengthens Croda’s portfolio of sustainable active ingredients for the personal care market, aligning with their commitment to sustainability. The deal also provides Croda access to Alban Muller’s advanced botanical technology, including the low-energy drying technology, Zeodration. Alban Muller is a leader in the creation and supply of natural and botanical ingredients for the global beauty industry.
Report Attribute | Details |
Base year | 2023 |
Forecast period | 2024-2032 |
Growth momentum | Accelerate at a CAGR of 7.12 |
Market size 2023 | USD 1,420.0 million |
Regional analysis | North America, Europe, APAC, Rest of the World |
Major contributing region | Asia Pacific dominated the market in 2023 |
Key countries covered | The US, Canada, Germany, The UK, Spain, Italy, France, China, Japan, and India |
Companies profiled | BASF Personal Care and Nutrition GmbH, Croda International Plc, Evonik, Berg+Schmidt GmbH & Co. KG, Acme-Hardesty, Stepan Company, The Lubrizol Corporation, Eastman Chemical Company, Silver Fern Chemical LLC., and Galaxy Surfactants Private Limited. |
Report Scope | Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling |
Segments Covered | By Product Type, By Application, By End-Use Industry, and By Region/Country |
The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
The report presents a quick review of overall industry performance at one glance.
The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
The study comprehensively covers the market across different segments.
Deep dive regional level analysis of the industry.
The global ethylhexyl cocoate market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology or Assumption
3. Executive Summary
4. Market Dynamics
5. Pricing Analysis
6. Global Ethylhexyl Cocoate Market Revenue (USD Mn), 2022-2032F
7. Market Insights By Product Type
8. Market Insights By Application
9. Market Insights By End-Use Industry
10. Market Insights By Region
11. Value Chain Analysis
12. Competitive Landscape
13. Company Profiled
14. Acronyms & Assumption
15. Annexure
Analyzing the historical market, estimating the current market, and forecasting the future market of the global ethylhexyl cocoate market were the three major steps undertaken to create and analyze the adoption of ethylhexyl cocoate in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global ethylhexyl cocoate market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the ethylhexyl cocoate through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the ethylhexyl cocoate market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are product type, application, and end-use industry. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the ethylhexyl cocoate. Further, we conducted factor analysis using dependent and independent variables such as product type, application, and end-use industry of the ethylhexyl cocoate market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the ethylhexyl cocoate market sector across the globe.
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global ethylhexyl cocoate market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
The industry’s market size, in terms of revenue (USD) and the adoption rate of the ethylhexyl cocoate market across the major markets domestically
All percentage shares, splits, and breakdowns of market segments and sub-segments
Key players in the global ethylhexyl cocoate market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global ethylhexyl cocoate market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product type, application, and end-use industry in the global ethylhexyl cocoate market.
The current & future market trends of the global ethylhexyl cocoate market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Analyze the current and forecast market size of the ethylhexyl cocoate market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
Segments in the study include areas of the product type, application, and end-use industry.
Define and analyze the regulatory framework for the ethylhexyl cocoate
Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
Analyze the current and forecast market size of the ethylhexyl cocoate market for the major region.
Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
Company profiles of the ethylhexyl cocoate market and the growth strategies adopted by the market players to sustain in the fast-growing market.
Deep dive regional level analysis of the industry
Q1: What is the current market size and growth potential of the ethylhexyl cocoate market?
The ethylhexyl cocoate market was valued at USD 1,420.0 million in 2023 and is expected to grow at a CAGR of 7.12% during the forecast period (2024-2032).
Q2: What are the driving factors for the growth of the ethylhexyl cocoate market?
The increasing demand for personal care cosmetics products primarily drives the ethylhexyl cocoate market.
Q3: Which segment has the largest ethylhexyl cocoate market share by Product Type?
The synthetic ethylhexyl segment has the largest ethylhexyl cocoate market share by Product Type.
Q4: What are the emerging technologies and trends in the ethylhexyl cocoate market?
The shift toward natural and sustainable ingredients is one of the significant trends in the ethylhexyl cocoate market.
Q5: Which region will dominate the ethylhexyl cocoate market?
Asia Pacific is expected to dominate the market during the forecast period.
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