Global Dicaprylyl Carbonate Market Report and Forecast 2024-2032

Global Dicaprylyl Carbonate Market Outlook

The global dicaprylyl carbonate market is expected to grow at a CAGR of 4% in the forecast period of 2024-2032.

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Developing Regions to Provide Significant Opportunities to the Global Market for Dicaprylyl Carbonate

Europe held a significant share in the global dicaprylyl carbonate industry in 2020 due to the presence of leading personal care and cosmetic formulators in the region. However, the mature regions like North America and Europe are expected to witness a moderate growth rate over the forecast period owing to the saturation of personal care and cosmetics industry. Meanwhile, the developing regions like the Asia Pacific are expected to provide significant opportunities for the market growth. Within the Asia Pacific, countries like China, India, Indonesia, and Vietnam are expected to be the emerging markets due to the factors like increasing demand for personal care and cosmetic products, rising living standards, and growing disposable incomes. In the Middle East and Africa, the growing consumption of halal-certified personal care products and natural ingredients are expected to support the regional market growth over the next five years.

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Dicaprylyl Carbonate: Market Segmentation

Dicaprylyl carbonate, a colourless, odourless liquid, is a synthetic or natural fat that can be derived from plant or animal sources. It is a diester of caprylyl alcohol with carbonic acid. It has good spreadability and moisturising properties, and thus, is a popular ingredient in the personal care industry. It leaves a dry, velvety feel on the skin, without seeming greasy. Owing to these properties, dicaprylyl carbonate is widely utilised in baby and face care products, sun/after sun body lotions, conditioning preparations, and colour preparations, among others.

Based on function, the market is divided into:

• Emollient
• Skin Conditioning
• Others

Based on end use, the industry can be segmented into:

• Skin Moisturizer/Lotion
• Sunscreen
• Anti-Ageing Treatment
• Deodorants
• Hair Dye
• Shaving Creams
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Demand for Personal Care and Cosmetic Products to Aid the Market Growth of Dicaprylyl Carbonate

The personal care and cosmetics industry are the major consumers of dicaprylyl carbonate. The growing focus on beauty and aesthetics is driving the growth of the end-use industries, which, in turn, is aiding the dicaprylyl carbonate industry. Owing to technological advancements, new product launches with improved skin formulations are taking place. This is expected to result in increased demand for the product as it transfers multifunctional properties to the end-use product, like improved collagen production and high performance in solubilising crystalline UV filters, among others. Further, the rising consumer awareness regarding personal hygiene in the emerging nations is pushing the growth of the dicaprylyl carbonate industry forward. The other factors like escalating consumer disposable incomes, growing retail sector, improving standards of living, and growing internet penetration are significantly boosting the market growth.

Growing Shift Towards Natural Products to Influence the Dicaprylyl Carbonate Market Positively

With the growing awareness regarding the harmful effects of synthetic ingredients, the demand for products with natural ingredients is increasing. As silicones are synthetic in nature and adversely affects the environment, manufacturers are increasingly adopting dicaprylyl carbonate over silicones as emollient. This is expected to have a positive effect on the expansion of the global dicaprylyl carbonate industry over the forecast period.

Key Industry Players in the Global Dicaprylyl Carbonate Market

The report gives a detailed analysis of the following key players in the global dicaprylyl carbonate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• BASF SE
• Tawiwan NJC Corporation., Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report