is an ester of diphenylcyanoacrylate and 2-ethylhexanol formed by condensation process. The organic compound is a colourless, oily and viscous liquid. Octocrylene is primarily used in the sunscreens owing to its skin moisturizing properties. Globally, aging population, the adoption and advancement in technologies and rising demand for cosmetics industry the developing nations are the prime growth drivers of octocrylene market. In addition, increase in adoption of octocrylene for newer applications, and emerging economies such as China, India and others, will create new opportunities for octocrylene market. However, higher cost of the research and development, and higher cost of production and maintenance are the key restraints for octocrylene market.
Geographically, Asia Pacific held the small share in the
global octocrylene market
; however, it is expected to be the fastest growing market in the next few years. The major reason for this is increased health awareness and the growing demand of octocrylene in cosmetics in developing Asian countries such as India, China, Malaysia, Indonesia and Thailand. Additionally, the increased demand for cosmetics from middle class population in developing countries, which is growing at a significant rate, is eventually resulting in an increase in the overall customer base.
This report identifies the octcrylene market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global octocrylene market.
This report segments global octocrylene market on the basis of applications, and regional market as follows:
- Global Octocrylene Market By Applications: Sun care products (creams, lotions), baby sun care products, moisturizers for daily use, decorative cosmetics with sun protection, and Others
- This report has been further segmented into major regions, which include detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region. The major countries considered under the Asia-Pacific region are India, China, South Korea and Japan. The major countries considered under the European region are Germany, U.K., France, Italy, Spain and Russia. The major countries considered under the North American region are United States, Canada and Mexico
This report identifies all the major companies operating in the global Octocrylene market. Some of the major companies’ profiles in detail are as follows:
- Frutarom Ltd
- ID Biomedical