San Francisco, 10 April 2024: The Report Caprylyl Glycol Market Size, Share & Trends Analysis Report By End-use (Personal Care & Cosmetics, Chemical Intermediate), By Region (North America, Europe, Asia Pacific, Central & South America, MEA), And Segment Forecasts, 2024 - 2030

The global caprylyl glycol market size is expected to reach USD 2.42 billion by 2030 and is anticipated to register a CAGR of 6.5% from 2024 to 2030, as per the new report by Grand View Research, Inc. The growth can be attributed to its extensive usage as a conditioning agent, preservative, and moisturizer in cosmetics & personal care, chemicals, and other industries.

Increasing demand for natural beauty products is one of the key drivers of increasing consumption of market. Consumers are becoming more conscious of the potential risks associated with synthetic ingredients commonly used in conventional cosmetics. They are seeking products that are free from harmful chemicals, parabens, sulfates, and other potentially toxic substances. Natural and organic cosmetics, which are formulated with organic non-toxic ingredients are free from synthetic additives, are perceived as safer and more environmentally friendly alternatives.

The personal care & cosmetics industry is experiencing significant growth, which further contributes to the rising demand for natural and organic cosmetics. As consumers become more aware of the importance of self-care and grooming, the demand for a wide range of beauty and personal care products continues to increase. This includes skin & hair care, makeup, and other cosmetics items. This expansion of the beauty and personal care industry, coupled with the growing demand for natural and organic cosmetics, creates a favorable market environment for products.

It can be used to produce innovative formulations that address specific skincare concerns, such as anti-aging, hydration, or acne treatment. By combining caprylyl glycol with other active ingredients, companies can manufacture formulations that deliver multiple benefits to consumers. Caprylyl glycol's compatibility with surfactants and its ability to form films on surfaces make it suitable for various industrial applications. Companies can explore the development of innovative formulations in areas such as textiles, plastics, and resins.

This growth is attributed to its extensive usage in various industries such as cosmetics, personal care, and pharmaceuticals. It offers moisturizing, emollient, and antimicrobial properties, making it a popular choice in these sectors. The rising awareness regarding personal hygiene and grooming is a significant driver for the market growth.

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The availability of various brands and products in the market, such as oral hygiene products, shower and bath products, and beard maintenance products, is contributing to the growth of the personal hygiene market. This, in turn, leads to increased consumption of ingredients in the hygiene products’ manufacturing processes.

Caprylyl Glycol Market Report Highlights

• The personal care & cosmetics segment is expected to witness the fastest CAGR of 6.4% during the forecast period due to extensive usage of the market as a conditioning agent, preservative, and moisturizer in the process of manufacturing
• The Asia Pacific region witnessed the fastest CAGR of nearly 6.5%. The market is growing due to factors such as strong economic development coupled with the presence of large end-user industries in the region
• The increasing influence of Western beauty standards, coupled with the desire for self-expression and enhanced appearance, has fueled the demand for a wide range of cosmetic products, thus aiding the market growth
• Some derivatives of products, such as polyoxymethylene sorbitan esters (polysorbates) and polyethylene glycol, are permitted as food additives in various food products. They may be used as emulsifiers, stabilizers, or texture enhancers
• The usage of markets is governed by regulatory bodies such as the European Protection Agency (EPA), European Union (EU), and International Organization for Standardization (ISO) in their respective countries

The trend of personal care and grooming has been growing in the United States. Consumers are becoming more conscious of their appearance and are seeking products that enhance their personal care routines. The clean beauty movement, which emphasizes the use of safe and non-toxic ingredients in personal care products, has gained momentum in the United States. Caprylyl glycol, with its antimicrobial properties, is used by the cosmetics firm to preserve clean beauty formulations to ensure product safety without compromising on performance.

Caprylyl glycol kills or inhibits the growth of microorganisms, including bacteria, viruses, protozoans, and fungi, making it a valuable ingredient in cosmetic and personal care products, as well as in pharmaceutical formulations. Caprylyl glycol is often used as a preservative in cosmetic and personal care products, extending the shelf life of these products and ensures their safety and efficacy.

Regulatory compliance and safety are crucial factors driving the caprylyl glycol industry. Compliance with regulations ensures that caprylyl glycol and products containing it meet safety standards and legal requirements. Regulatory bodies such as the Food and Drug Administration (FDA) in the United States and the European Union's REACH regulations set standards for the use of preservatives in cosmetics. Compliance with these regulations ensures that the ingredients meet safety requirements and are suitable for use in cosmetic formulations.

Caprylyl Glycol Market Report Scope

Caprylyl glycol is used in the pharmaceutical industry as an ingredient in ointment bases, vehicles for drugs in suppositories, capsules, tablet binders, and liquid prescriptions. It is also used in veterinary drugs for various preparations. Industries such as leather, plastics, resins, paper, ceramics, glass, rubber, petroleum, and metal find applications for caprylyl glycol.

List of Key Players in Caprylyl Glycol Market

• Ashland
• BASF SE
• Symrise
• Inolex, Inc.
• Lonza Group Ltd.
• Evonik Industries AG
• Dow
• Clariant AG
• Lotioncrafter
• Thor Personal Care