Emollients Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Report ID: GMI1373
Global Emollients Market Size is likely to witness prominent growth in coming years owing to rising awareness about personal care and grooming. The product is also known as moisturizer, and is an element used in hair and skin care products for moisture, flexibility and softness of hair and skin.
The emollients market is majorly driven by the trends in the cosmetic, skin care, and hair care industries. Moreover, rising awareness about personal grooming and rapidly changing lifestyles are further enhancing the emollients market worldwide. Basically, these are non-cosmetic moisturizers that are readily available in the form of gels, ointments, lotions and creams. Also, in countries like Indonesia, South Korea, Vietnam, and Brazil, rise in the purchasing power for cosmetics and personal care products is likely to drive the emollients market globally in the projected timeframe. Furthermore, online distribution channels and E-commerce have helped the personal care and cosmetic producers to spread their distribution channel and customer base. This eventually results in the growth of the global emollients market in the forecast period. Revolution in these industry is projected to further open new opportunities for the emollients market worldwide in the coming years.
Over 31 million people in the U.S. have symptoms of eczema and more than 17 million people actually suffer from moderate to severe level of the disease. This will have a positive influence on global emollients market, which is used to reduce the frequency of eczema and reduces the risk of itching. People suffering from eczema face problems of skin dryness. Dry skin has the tendency to flare up and become inflamed to form patches of eczema. The product stops the skin from becoming dry and helps the skin remain irritation free.
Less availability of some products and high product price may act as a restraint for the emollients market worldwide. These high priced cultured personal care and cosmetic products hinder the industry growth majorly in the developing countries. The impact of these restraints to the emollients market is very high in the short run. With increasing commercialization and competitive pricing the impact may reduce after a few years.
The emollients market can be segmented on the basis of various pointers such as by product, by end users and by region. On the basis of products, it can be segmented into soap substitutes, bath additives and cream & ointments. In soap substitutes it can be used as hand wash. In bath additives, it can be used as shampoos, ordinary bubble bath and shower gels. In cream and ointments, it can be a great substitute for shaving foam.
In terms of applications, the emollients market can be classified into fragrances, toiletries, hair care, makeup, oral care and skin care to name some. It provides moisture to dry, rough, itchy and scaly skin. Also, it helps prevent minor skin irritations, lip cracking and skin burns. Considering the hair care, lighter products such as argan oil, grapeseed oil, mango butter, soybean oil, sunflower oil are used for fine to medium thickness of hair, while avocado oil, castor oil, coconut oil, olive oil and shea butter is used for medium to coarse thickness of hair.
On the basis of region, emollients market has been segregated into Asia Pacific, Europe, North America, Latin America and Middle East & Africa. In terms of revenue and volume, developed economies like the U.S. and the Europe are likely to witness growth in the coming years. Asia Pacific emollients market is estimated to exponentially grow in the forecast period due to the rise in disposable income of consumers, especially in the developing countries like China and India. Moreover, higher demand from Australia due to rising focus on personal care and cosmetics products is expected to boost the industry growth. Inclination and spending more towards cosmetic and personal care results in the demand to augment in the emollients market globally.
Prominent players operating in the global emollients market are BASF SE, Solvay SA, Stepan Company, Stearinerie Dubois, Sasol Limited, Lubrizol Corporation, Ashland Inc, AAK AB, Lipo Chemicals, Innospec Inc., Lonza Group Ltd, Oleon, Kunshan Shuangyou Daily Chemicals Company Limited, Evonik Industries AG and Croda International Plc to name a few.
Recently in 2015, BASF, the multinational giant, expanded its production capacity for waxes and emollients in China. China is one of the primary player in Asia Pacific and to better serve the growing demand in this region, BASF enhanced its local production in China.
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