A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Octocrylene
Market. The
study, titled “Octocrylene
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2015 - 2023”,
is available for sale on the firm’s website.
Octocrylene
is an ester of diphenylcyanoacrylate and 2-ethylhexanol formed by
condensation process. The organic compound is a colorless, oily and
viscous liquid. Octocrylene is primarily used in the sunscreens owing
to its skin moisturizing properties. Octocrylene can neutralize UV
radiation emitted by sun and minimizes skin damage caused by
prolonged sun exposure. The compound is approved by various
regulatory organizations across the globe; however its concentration
is limited to 10-12% in any formulation. It is not used to protect
face and arms. It is widely used in the products such as BB cream, CC
cream, hair spray, conditioner and tannin oil.
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Market Research Report @
Rising
demand for cosmetics and sunscreens due to increased incidences of
skin cancer is expected to drive the octocrylene market. Due to
changing environment globally and increasing awareness about the skin
cancer, consumer groups are turning towards sunscreens. Octocrylene
is an important and indispensable component due to its advantageous
properties. With the increase in the sunscreen and cosmetics
industries worldwide, demand for octocrylene is anticipated to expand
at a significant growth rate.
However,
octocrylene can penetrate through skin, where it acts as a photo
sensitizer. Upon illumination, the compound induces production of
free radicals. Free radicals are inducers of DNA damage and can lead
to cancer.
Asia
Pacific held the small share in the global octocrylene market;
however it is expected to be the fastest growing market in the next
few years. The major reason for this is increased health awareness
and the growing demand of octocrylene in cosmetics in developing
Asian countries such as India, China, Malaysia, Indonesia and
Thailand. Additionally, the increased demand for cosmetics from
middle class population in developing countries which is growing at a
significant rate is eventually resulting in an increase in the
overall customer base. Furthermore, the rapid economic development of
these countries and increased disposable income of the citizens of
these countries has led to further escalation of the total customer
base in these countries for applications in a wide variety of
cosmetics products.
Owing
to tropical zone, the demand for sunscreen products and indirectly
octocrylene based products is expected to grow at a considerable rate
in the next few years. This will ultimately generate a huge demand
for octocrylene in other tropical nations. In addition to this, the
developed regions across the U.S. and European countries are
progressively recovering from the sluggish economic conditions. North
America held the largest share in global octocrylene market in terms
of consumption. High expenditure on personal hygiene and increased
awareness about skin cancer in the region, demand for octocrylene is
expected to grow at extensive rate in the next few years. Europe
followed North America in terms of consumption and is expected to
grow at moderate pace during the next few years. Considering this
outlook, the demand for different types of sunscreen products is
expected to record an outstanding growth in the next few years.
Get
accurate market forecast and analysis on the Octocrylene market.
Request a sample to stay abreast on the key trends impacting this
market.
Global
octocrylene market is moderately fragmented with major players
dominating the local market. The major players operating in the
cosmetic products industry are primarily focusing on the tropical
countries for tapping their vast market potential. These companies
are installing production facilities in the developing countries to
fulfill the quickly rising demand for octocrylene. Players adopt
establishment of umbrella brand as a marketing strategy to maintain
their market share. Few key players in octocrylene market include
Frutarom Ltd., Novacap among others.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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Us
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