The global Oxo-octyl Acetate market is projected to grow at a CAGR of 3% during the forecast period.
Oxo-octyl Acetate Market Overview:
Octyl oxoacetate is a colorless, transparent oily liquid used in cosmetics such as sunscreens and skin creams. Oxooctyl acetate is produced by the reaction of ethylene oxide and phenol under high temperature and pressure. It has moderate water solubility and exhibits a moderate evaporation rate. Oxooctyl acetate is used as a solvent for pesticides. It is also used concurrently with ammonium compounds as a substitute for sodium azide due to its lower toxicity. In addition, oxooctyl acetate does not react with lead and copper. It is used as a preservative in a variety of applications such as vaccines, cosmetics and pharmaceutical products. Oxooctyl acetate is essential for extending the shelf life of cosmetic and personal care products. It can also be used as an alternative to potentially harmful formaldehyde-releasing preservatives. The activity of the preservative oxoctyl acetate is effective in inactivating Gram-positive and Gram-negative microorganisms and yeasts.
Oxo-octyl Acetate market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Oxo-octyl Acetate market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Major Segments Covered in the Global Oxo-octyl Acetate Market:
Market Key Players:
BASF, The Dow Chemical Company, E. I. du Pont de Nemours and Company, Eastman Chemical Company, Yingkou Tanyun Chemical Research, Liaoning Kelong Fine Chemical, Triveni Interchem Private Limited, Mitsubishi Chemical, Chemsynth Corporation, Hangzhou Uniwise International, Zhejiang Weishi Biotechnology, And Others.
Oxo-octyl Acetate Market by Types:
- Pharmaceutical Grade
- Cosmetics Grade
Oxo-octyl Acetate Market by Applications:
- Pharmaceutical Products
- Cosmetics, Pesticides
Oxo-octyl Acetate Market by Regions:
The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 2030.
The Asia Pacific oxoctyl acetate market is expected to witness rapid growth owing to the increasing demand for cosmetics and personal care products in the region. India and China are likely to be the major consumers of oxoctyl acetate as the cosmetic industry in these countries is mature. South Korea, Japan, Taiwan, Malaysia, and Indonesia are other major consumers of oxoctyl acetate in Asia Pacific. Moreover, the Latin America and Middle East emerging economies markets are expected to exhibit incremental growth in the near future. Europe and North America are mature markets; thus, the oxooctyl acetate market in these regions is expected to expand at a moderate rate during the forecast period.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
The expansion of the cosmetics industry is expected to increase the consumption of oxoctyl acetate. Rising living standards, rapid urbanization, and rising per capita income in emerging economies of Asia Pacific and Latin America are expected to boost spending on cosmetics and personal care products. Oxooctyl acetate is popular because of its low toxicity and broad antimicrobial activity. It is FDA approved for use in the cosmetic industry. However, availability of alternatives and stringent government regulations may hamper the market growth. The future of preservatives in the cosmetics industry is expected to be influenced by regulatory issues and consumer perception.
Report Scope of Global Oxo-octyl Acetate Market:
Points Covered in the Report
- The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
- The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
- The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Frequently Asked Questions-
What is the CAGR of the Oxo-octyl Acetate market?
The Oxo-octyl Acetate Market is growing at a CAGR of 3% During the Forecast Period.
What are the key types and applications of Oxo-octyl Acetate market?
- Pharmaceutical Grade, Cosmetics Grade
- Pharmaceutical Products, Cosmetics, Pesticides, and Other
Who are the key players in Oxo-octyl Acetate market?
BASF, The Dow Chemical Company, E. I. du Pont de Nemours and Company, Eastman Chemical Company, Yingkou Tanyun Chemical Research, Liaoning Kelong Fine Chemical, Triveni Interchem Private Limited, Mitsubishi Chemical, Chemsynth Corporation, Hangzhou Uniwise International, Zhejiang Weishi Biotechnology, And others.
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.