Octyl Salicylate Market | Contrive Datum Insights

The Global Octyl Salicylate Market Size Was Valued At $1.1 Billion In 2022 And Is Projected To Reach $1.8 Billion By 2030, Growing At A CAGR Of 5.4% From 2022 To 2030.

Octyl Salicylate Market Overview:

Octyl salicylate, also statedas 2-ethylhexylsalicylate, octisalate and benzoic acid, is an organic compound. Octyl salicylate is an ester produced through the condensation of salicylic acid and 2-ethylhexanol. Octyl salicylate is mostly colorless or pale yellow with a slight floral odor. In some cases, organic compounds have a general or mild odor.

Octyl Salicylate is soluble in ethanol, isopropanol, olive oil, paraffin oil, dimethicone, mineral oil and octyl palmitate. However, organic compounds are insoluble in water. Octyl Salicylate serves as excellent solubilizer for an extensive range of crystalline UV filters including ethylhexyl triazone and butyl methoxydibenzoylmethane.

Octyl Salicylate is primarily used as ingredient in cosmetics, and sunscreens and helps absorb UVB rays from the sun. Octyl salicylate is also contained in sunscreens due to its antibacterial capabilities, preventing the product from going rancid.

Octyl Salicylate is an organic compound that is used in the cosmetic and pharmaceutical industries. It has analgesic, anti-inflammatory, and antipyretic properties. Octyl salicylate is used as an ultraviolet light absorber and sunscreen agent in cosmetics, as well as a fragrance ingredient in soaps, detergents, and other personal care products. It is also used as an insect repellent.

Organic compounds have been used for generations as water-insoluble, oil-soluble UVB absorbers. Salicylates are weak UV B absorbers and are usually used in conjunction with other UVs to increase SPF. Octyl Salicylate is used as an inhibitor of UV degradation in emulsions, dyes, and polymers.

Major Market Segments Covered in Octyl Salicylate Industry Research:

Market Key Players:

• Universal Esters
• Siddharth Carbochem Products
• MFCI Co.
• Clariant
• AAKO
• Aceto Corporation
• Otto Chemie Pvt Ltd
• Others.

Key Vendors:

1.MFCI Co: It is a high-tech enterprise specialized in R&D, manufacturing, sales and service of UV absorbers.MFCI attaches great importance to research and innovation, and owns a 1,000 ?high-end R&D center. Meanwhile, MFCI cooperates with the domestic top 10 universities in Production-Learning-Research, and established a provincial enterprise technology center and an UV absorber engineering technology research center which engages in cutting-edge technologies and new products’ R&D. Embracing the mission of "Create A Better Life" , MFCI will always focus on the R&D, manufacturing and service of UV absorbers. Integrating the ideas of innovation and Striving for excellence, MFCI dedicates to be a global leader of UV absorbers .

2.Clariant: As one of the world’s leading specialty chemical companies and led by its purpose "Greater chemistry - between people and planet", Clariant contributes to value creation with innovative and sustainable solutions for customers from many industries. At the same time, our research and development is focused on addressing the key trends of our time. These include energy efficiency, renewable raw materials, emission-free mobility, and conserving finite resources.

3. AAKO: Chemistry is the work of people. And people working with chemicals must aim for perfection.This refinement is now part of a daily ritual. It is a commitment to care that you will experience across the full range of our services. Our in-depth knowledge of regional markets. The reliable science behind our products, the opportunities and the applications. And our familiarity with different industries. We treat everything with the same outstanding attention and consideration. ?In the right way, under the right conditions, conform the right regulations, the right restrictions and via the right logistic steps. And to the right customers of course. Customers who can rely on AAKO’s thorough comprehension of what makes a high-quality product. Bulk chemicals, specialty chemicals and fine chemicals, if it goes through us it goes through the most careful process you could possibly imagine.

4.Aceto Corporation: It is a suppliers in Pharmaceutical (Human and Veterinary), Food, Feed, Nutraceutical and Cosmeceutical Industry. Many of our business relations has entrusted us with their business and patronage for many years. Aceto B.V. combines a number of virtually indispensable elements, like safety and reliability in a number of industries. An extremely critical eye is kept on the combination of product and service, which goes hand in hand with importance to the demands of constant supply and stable prices. Our desire to achieve the best possible standards goes hand in hand with our professional attitude.

5.Otto Chemie Pvt Ltd.: As a leading manufacturer of sealants & adhesives, we enjoy an excellent reputation the world over across all industries. It is an acclaim that we have earned not only due to our extensive product range of high quality products. It is primarily the consultation and general services that are optimally tailored to the individual wishes of our customers that make us a reliable partner at eye level. This means we never lose sight of the essentials & always know what truly matters: flexibly adaptable sales, logistics and development processes as well as 100% satisfactory “made in Germany” products.

Industry News:

• In August 2021, Croda International plc announced the launch of a new sunscreen product called Solaveil™ CT-200. This product is formulated with Octyl Salicylate and other UV filters to provide broad-spectrum sun protection.
• In July 2021, Kao Corporation announced the development of a new UV filter based on Octyl Salicylate. This filter is said to offer superior light stability and minimal skin irritation compared to other UV filters.
• In January 2021, Symrise AG announced the acquisition of Sensient Technologies Corporation's fragrance and aromachemical business.

By Type:

• Colorless
• Light Yellow
• Other

Colorless: Octyl salicylate is a colorless or pale yellow liquid with a slight floral odor. It is a common ingredient in sunscreens, cosmetics, and personal care products. Octyl salicylate is a UV filter that helps to protect the skin from the sun's harmful UV rays. It is also a skin softener and moisturizer.

Light Yellow: Light yellow octyl salicylate is a less common form of the compound. It has the same properties as colorless octyl salicylate, but it may have a slightly different odor.

Other Colors: Octyl salicylate can also be found in other colors, such as brown or green. These colors are typically caused by impurities in the compound.

By Application:

• Perfume
• Soap
• Cosmetics
• Sunscreens
• Others

• Perfume: Perfume is a mixture of fragrant essential oils and synthetic chemicals. Octyl salicylate is a common ingredient in perfume because it has a pleasant, floral odor. It helps to make the perfume last longer and to improve its overall quality.
• Soap: Soap is a cleansing product that is made from a mixture of fats and oils, and an alkaline substance such as lye. Octyl salicylate is sometimes added to soap to make it more moisturizing and to help it lather better. It also helps to prevent the soap from drying out the skin.
• Cosmetics: Cosmetics are products that are used to enhance the appearance of the skin, hair, and nails. Octyl salicylate is often used in cosmetics, such as lotions, creams, and makeup, to help soften and moisturize the skin. It also helps to protect the skin from the sun's harmful UV rays.
• Sunscreen: Sunscreen is a product that is used to protect the skin from the sun's harmful UV rays. Octyl salicylate is a common ingredient in sunscreens because it is a UV filter. It helps to absorb UVB rays, which can cause sunburn, and UVA rays, which can cause premature aging of the skin.
• Others: Octyl salicylate can also be found in other products, such as hair care products, insect repellent, and deodorant. It helps to moisturize the hair, to repel insects, and to prevent odor.

By Region:

Asia Pacific dominated the global market with a revenue share of over 40.0% in 2019. Regional growth is driven by increased demand for products in key application areas like perfumes, soaps, and cosmetics, with countries such as China and India. Moreover, rapid industrialization coupled with government initiatives to encourage foreign direct investment is expected to increase regional market growth over the forecast period. Industry players are relocating manufacturing facilities to emerging economies due to the low labor costs and easy availability of raw materials/materials need to manufacture products including Octyl Salicylate, which is one of a kind product globally.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Growth Factors:

• Growing demand from end-use industries like cosmetics, pharmaceuticals and food additives
• Increasing Awareness of the Benefits of Octyl Salicylate Among Consumers
• Growing research and advancements activity for new applications of octyl salicylate
• Expansion of production capacity by key players in the market
• The trend toward using natural ingredients in personal care products

Market Dynamics

The octyl salicylate market is driven by the increasing demand for sunscreens and other personal care products. The market is also driven by the growing awareness of the importance of sun protection.

Market Restraints

The octyl salicylate market is restrained by the potential for allergic reactions in some people.

Market Drivers

The key drivers for the octyl salicylate market are:

• Increasing demand for sunscreens: The demand for sunscreens is increasing due to the growing concerns about skin cancer and the need for sun protection. Octyl salicylate is a common ingredient in sunscreens because it is a UV filter that helps to protect the skin from the sun's harmful UV rays.
• Increasing demand for personal care products: The demand for personal care products is increasing due to the growing focus on personal appearance and the need for products that can help to improve the skin's appearance. Octyl salicylate is a common ingredient in personal care products, such as lotions, creams, and makeup, because it helps to soften and moisturize the skin.
• Growing awareness of the importance of sun protection: The growing awareness of the importance of sun protection is driving the demand for sunscreens and other personal care products that contain octyl salicylate.

Market Trends

The key trends in the octyl salicylate market are:

• Increasing demand for natural and organic products: The demand for natural and organic products is increasing, and this is driving the demand for octyl salicylate, which is a naturally occurring compound.
• Increasing demand for personalized products: The demand for personalized products is increasing, and this is driving the demand for octyl salicylate, which can be customized to meet the specific needs of different consumers.
• Increasing focus on research and development: The key players in the octyl salicylate market are investing in research and development to develop new products and to improve the efficiency of existing products.

Market Challenges

The key challenges for the octyl salicylate market are:

• Potential for allergic reactions: Octyl salicylate can cause allergic reactions in some people.
• Competition from synthetic alternatives: There are synthetic alternatives to octyl salicylate, and these alternatives are becoming more competitive due to their lower cost and their ability to perform a wider range of functions.
• Stringent regulatory requirements: The octyl salicylate market is subject to stringent regulatory requirements, which can make it difficult for new players to enter the market.

Market Opportunity

 The key opportunities in the market include:

• Increasing demand for sunscreens
• Increasing demand for personal care products
• Growing awareness of the importance of sun protection
• Increasing demand for natural and organic products
• Increasing demand for personalized products
• Increasing focus on research and development

Scope of report :

Report Attribute	Details
Study Period	2017-2030
Base Year	2022
Estimated year	2023
Forecast period	2022-2030
Historic Period	2017-2022
Units	$1.8 Billion
Growth Rate	CAGR of  5.4% from 2023 to 2030
By Type	Colorless Light Yellow Other
By Application	Perfume Soap Cosmetics Sunscreens Others
By Companies	Universal Esters Siddharth Carbochem Products MFCI Co. Clariant AAKO Aceto Corporation Otto Chemie Pvt Ltd Others.
Regional Scope	North America Europe Asia-Pacific The Middle East & Africa Latin America
Reasons to Purchase this Report and Customization Scope	6-month post-sale analyst assistance. 10% Free Customization and 15 Company Profiles in addition to the ones specified

Conclusion:
                  In conclusion, the octyl salicylate market is driven by the increasing demand for sun protection products and the rising awareness of UV radiation's harmful effects on the skin. The compound's desirable properties, such as UVB absorption, stability, and compatibility, make it a preferred ingredient in sunscreen formulations. With the continuous growth of the cosmetics and personal care industry, the octyl salicylate market is expected to witness sustained expansion in the foreseeable future.