Asia Pacific Methyl Glucose Market By Product (PEG 120 Methyl Glucoside Dioleate, Methyl Glucoside Dioleate, PEG-20 Methyl Glucose Sesquistearate, Methyl Glucose Sesquistearate, PPG-20 Methyl Glucose Ether, PPG-20 Methyl Glucose Ether Distearate, PPG-10 Methyl Glucose Ether, Methyl Glucose Isostearate, Methyl Gluceth-10, Methyl Gluceth-20, PEG-20 Methyl Glucose Trioleate, PEG-120 Methyl Glucose Trioleate) By Form (Liquid, Powder), By Application, Industry Analysis Report, Country Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Dec 2019  |  Report ID: GMI4468  |  Authors: Kunal Ahuja, Sonal Singh

Report Format: PDF   |   Pages: 820   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Significant demand from personal care and cosmetics industries will accentuate methyl glucose demand

Asia Pacific Methyl Glucose Market size exceeded USD 40 million, globally in 2018 and is estimated to grow at over 8% CAGR between 2019 and 2025.
 

Asia Pacific Methyl Glucose Market

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Methyl Glucose is a monosaccharide prepared in research laboratory through acid-catalyzed reaction of methanol and glucose. It is widely utilized as a chemical intermediate for generating products or derivatives that serve the cosmetics & personal care industry as thickening agents, humectants, emollients, moisturizers, and emulsifiers. Methyl glucose market products find increasing application in hair care, moisturizing creams, body wash, lotions, baby care, cleansers, and other skincare products. Factors such as non-toxic and non-irritant nature along with their ability to form stable emulsions supporting product demand.
 

Asia Pacific beauty & personal care market size is anticipated to grow over 5% at the end of 2020. Enhanced focus on product & ingredient innovations, product branding, growth in middle class income levels, penetration of multinational brands, and online distribution network expansion supporting industry growth. High demand for multifunctional cosmetic ingredients in shampoo and cleansers have led to increased R&D activities among the manufacturers. Market growth can be attributed to upsurge in demand for bio-based cosmetics in order to reduce the impact of harmful chemicals on skin and scalp will promote the regional methyl glucose demand.
 

Countries including Japan, China, and South Korea are the leading cosmetics & personal care product manufacturers in the region. Stringent government regulations in these economies for prohibiting use of synthetic additives will promote bio-based cosmetic ingredients market. Also, high awareness among consumers toward adverse effects of high-grade synthetic chemicals in cosmetics has enhanced the product adoption. In addition, increasing government initiatives in several countries for promoting country’s import and export market activities will stimulate the personal care and cosmetics industry growth. For instance, in July 2017, the government of China reduced the import tariff on most cosmetics from 8.4% to 2.9%, which is expected to support the methyl glucose industry expansion.
 

Factors such as presence of large geriatric population in the region is likely to increase the demand for premium quality anti-aging and anti-wrinkle creams and face washes, thereby supporting the methyl glucose industry advancement. Strong growth in the tourism sector in the region has urged the manufacturers to develop new and unique beauty & personal care market products. Leading cosmetic companies are implementing new innovations by the addition of antipollution ingredients with antioxidant complexes to improve product quality. However, incorporation of alternatives such as plant-based ingredients in cosmetics owing to their eco-friendly nature has urged manufacturers to develop organic products, may retrain the overall market growth.
 

Asia Pacific Methyl Glucose Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 2.45 Thousand (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 8.2% 2025 Value Projection: 3.77 Thousand (USD)
Pages: 820 Tables, Charts & Figures: 1387
Geographies covered (11): China, India, Japan, South Korea , Australia, Thailand , Malaysia, Indonesia, Philippines, Vietnam, Taiwan
Segments covered: Product, Form, Application, Country
Companies covered (19): Hangzhou Fanda Chemical Co., Ltd., Guangzhou Tinci Materials Technology (Tinci), Reachin Chemical Co., Ltd., Xian Health Biochem Technology Co., Ltd., , Kiama Research Labs, BOC Sciences, Foshan Hytop New Material, Kalichem, Hefei TNJ Chemical Industry Co. Ltd., Hangzhou TIM Chemicals Co., Ltd., Wuhan Fortuna Chemical Co., Ltd., SMA Collaboratives, ACAR Chemicals, Evonik Industries AG, Redox Pty Ltd., Probig Fine Chemical Co., Ltd., Lubrizol, KCI Limited, NOF Corporation
Growth Drivers:
  • Growing consumer focus on personal grooming & wellness
  • Increasing demand for high performance additives in cosmetic formulations
Pitfalls & Challenges:
  • Adoption of plant-based ingredients in cosmetic formulations

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Enhanced demand for PEG 120 Methyl Glucoside Dioleate owing to diverse functionalities

PEG 120 methyl glucoside dioleate acquired largest share in overall Asia Pacific methyl glucose market in 2018. The product is extensively used in personal care and cosmetics industries as a surfactant, thickening agent, and emulsifier due to its non-irritant nature and has a high molecular weight. Also, the availability of product in both liquid and solid forms has enhanced their usage in numerous surfactants and emulsion applications, thus supporting the regional market scope.
 

Over the past few years, there has been upsurge in the demand for PEG 120 methyl glucoside dioleate in anti-aging products, lip care products, and cleansers specially targeted at reducing itchiness, reddening and inflammation. These methyl glucose-based ingredients are both FDA and CIR approved and do not penetrate in healthy skin. Growing consumer awareness towards use of safe cosmetics has urged manufacturers to include these ingredients in personal care product formulations.
 

High flexibility in production process of powder and flake form will instigate demand for methyl glucose derivatives in Asia Pacific

Asia Pacific methyl glucose market by powder form

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The Asia Pacific methyl glucose market outlook segment based on form into liquid and solid. Powder segment is anticipated to grow at rapid pace with CAGR of over 6% from 2019-2025. The powder form offers considerable flexibility in the production process with minimum losses.  In addition, powder and flake format offers benefit such as slow release of the compound, thereby ensuring excellent uniformity in the final ingredient mixture.
 

Powder or flake form act as softening agents for fibrous texture materials which are derived from botanical sources and incorporated in personal care market. It offers excellent solubilization & emulsification properties in the formulations. The powder form methyl glucose derivatives are considered to be most convenient option for imports and export of product that require lengthier storage period. Also, powder form methyl glucose derivatives market outlook is driven by lower storage, maintenance and transportation costs compared to liquid form, thus considered to be preferred format of use.
 

South Korea remains most attractive demand hub for methyl glucose

South Korea methyl gluceth 10 by application

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South Korea methyl glucose market may witness significant growth owing to growing e-commerce penetration and rising consumer expenditure on high-performance cosmetics. South Korea’s beauty market amounted over USD 10 billion in 2018 with exports accounting for more than USD 5.5 billion. The growing popularity of products through e-commerce sales has further increased the demand for high-quality cosmetic products, thereby generating new growth avenues for the methyl glucose manufacturers. Also, consumer desire to explore new looks has increased the color natural & organic skincare products market development.
 

Being a major export base of cosmetics, South Korea has laid special emphasis on cosmetic ingredients such as methyl glucose and other specialty additives. Presence of diverse manufacturing and services industries coupled with stringent governing regulations has urged the manufacturers to enhance their research & development activities for launching new products in the cosmetics market. In addition, widespread availability of product owing to increasing penetration online and retail sales channel.
 

Geographical expansion and new product launches will remain key growth strategies

Some of the major companies operating in the Asia Pacific methyl glucose market are Lubrizol, Evonik, Guangzhou Tinci Materials Technology (Tinci), Foshan Hytop New Material, and KCI Limited.
 

Key industry participants operating in the market are adopting strategies such as geographical expansion, mergers & acquisitions, new product development & launches, supply chain agreements, and strategic partnerships & collaborations to enhance their market presence and share. For instance, in October 2013, Lubrizol Corporation announced to invest USD 5.5 million to set up a new innovation center in Singapore to serve the growing demand from the Asia Pacific region. This strategy helped the company to enhance its R&D capabilities for developing new products for supporting its personal and home care market segment.
 

The Asia Pacific methyl glucose market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Tons and revenue in USD Thousand from 2014 to 2025, for the following segments:

By Product

  • PEG 120 Methyl Glucoside Dioleate
  • Methyl Glucoside Dioleate
  • PEG-20 Methyl Glucose Sesquistearate
  • Methyl Glucose Sesquistearate
  • PPG-20 Methyl Glucose Ether
  • PPG-20 Methyl Glucose Ether Distearate
  • PPG-10 Methyl Glucose Ether
  • Methyl Glucose Isostearate
  • Methyl Gluceth-10
  • Methyl Gluceth-20
  • PEG-20 Methyl Glucose Trioleate
  • PEG-120 Methyl Glucose Trioleate

By Form

  • Liquid
  • Powder

The above information has been provided for the following countries:

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Thailand
  • Malaysia
  • Indonesia
  • Philippines
  • Vietnam
  • Taiwan
     

 

Frequently Asked Questions (FAQ) :

Methyl Glucose is a monosaccharide prepared in research laboratory through acid-catalyzed reaction of methanol and glucose. It is widely utilized as a chemical intermediate for generating products or derivatives that serve the cosmetics & personal care industry as thickening agents, humectants, emollients, moisturizers and emulsifiers.
Rising consumer spending on cosmetics & beauty products for improving their personal appearance will fuel the global industry demand.
The powder segment of Asia Pacific methyl glucose industry will achieve over 6% CAGR from 2019 to 2025, as estimated by GMI.

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