The emollients market has seen steady growth, moving from $1.51 billion in 2023 to $1.59 billion in 2024, with a CAGR of 5.2%. Factors contributing to this growth include the rising demand for personal care products and the popularity of natural ingredients. By 2028, the market is anticipated to reach $1.96 billion, propelled by a focus on sustainable products and advancements in ingredient technology.
Major Driver In The Emollients Market
The emollient market is expected to grow due to the increasing demand for personal care products. Personal care products, crucial for grooming and maintaining personal hygiene, incorporate emollients to alleviate skin irritation and dryness. These ingredients, used in skincare products, offer moisturizing effects, smooth fine lines and wrinkles, and address signs of aging. In March 2023, the consumer price index for personal care products in major US cities grew by 6.59%, indicating a rising demand. The escalating need for personal care products is a driving force behind the growth of the emollient market, with market size considerations for 2023, 2024, and 2028.
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Emollients Market Competitive Landscape
Cargill Incorporated, BASF SE, The Dow Chemical Company , Peter Cremer North America LP, Stephenson Group Ltd., Evonik Industries AG, Sasol Limited, Solvay SA, Kao Corporation, Croda International plc, Univar Solutions Inc., Eastman Chemical Company, The Lubrizol Corporation, Lonza Group Ltd., Clariant AG, Stepan Company, Ashland Inc., Innospec Inc., Elementis plc, Emery Oleochemicals LLC, Sonneborn LLC, Pilot Chemical Corp., Oleon NV, Vantage Specialty Chemicals, Bio-Botanica Inc., Village Vitamin Food Company LLC, Hallstar, Jarchem Industries Inc., Colonial Chemical Inc., Lipo Chemicals Inc.
Key Emollients Market Trend
Major companies in the emollients market are focusing on innovative products like SonneNatural NXG to enhance lip care and personal care formulations. SonneNatural NXG is a plant-based emollient introduced by Sonneborn, LLC in November 2022. It reduces the need for thickeners or waxes, providing a non-greasy application with excellent moisture retention and a luxurious feel. This product caters to the growing demand for sustainable, plant-based solutions and is vegan certified, making it suitable for a range of personal care applications.
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Emollients Market Segmentation
The emollients market covered in this report is segmented –
1) By Type: Esters, Fatty Alcohols, Fatty Acids, Ethers, Silicones, Other Types
2) By Form: Solid, Liquid
3) By Application: Skin Care, Hair Care, Deodorants, Oral Care, Other Applications
4) By End User: Cosmetics Industries, Toiletries Industries, Oral Care Industries, Other End-Users
By Geography:The regions covered in the emollients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the emollient market in 2023.
The Emollients Global Market Report 2024 furnishes information about the global emollients market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
