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

Asia Pacific Methyl Glucose Market Size

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.
 

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.
 

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.
 

Asia Pacific Methyl Glucose Market Analysis

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 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.
 

Asia Pacific Methyl Glucose Market Share

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
• 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:

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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