Octocrylene Market Size, Share, Growth, and Industry Growth by Type (Purity95%, Purity98%, and Purity99%) By Application (Sun Care Products, Moisturizers, Decorative Cosmetics, and Others) Regional Forecast By 2031

Octocrylene Market Report Overview

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The global octocrylene market size was USD 231.84 million in 2021 & the market is projected to touch USD 373.05 million in 2031, exhibiting a CAGR of 4.77% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with octocrylene experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Octocrylene is a common ingredient in anti-aging cream and sunscreens. The chemical agents help to protect skin from harmful UV rays, which can cause skin cancer and sunburns. It is an oil-soluble liquid which can easily dissolves in oil. The chemical agent is thick and colorless.

Rise in shift towards healthy skin care products among growing population and growth in cosmetic and skin care sector is anticipated to push market growth. The product is extensively used in skin products for its skin benefits properties. The chemical agent is added in sunscreen and anti-aging creams. Further, it has moisturizing effects and improve water resistance of products. Growing need for skin care routine and increased popularity of sunscreen among population is predicted to flourish market growth. Professional recommendation and unique marketing strategies is also primary factor to boost market growth in the upcoming years. In addition, celebrity’s endorsement and growing marketing in social media is expected to drive market performance. Rise in influencers and increased spending capacity of population is anticipated to attract more consumers. On the contrary, potential side effects of the chemical such as allergies. Also, growing awareness about environmental concern such as the chemical is harmful for marine life for instance coral is predicted to limit market growth in the upcoming years.

COVID-19 Impact: Social Distance Protocols and Lower Need for Beauty Products to Hinder Market Growth

The sudden spread of Coronavirus pandemic to affect product demand. Social distance protocols and lower need for beauty products. Further, closure of manufacturing units and lower production activities to restrict market growth. Also, social distance protocols and lockdown restrictions affected market growth during the pandemic period.

LATEST TRENDS

"Growing Need for Sunscreens among Population to Surge Market Growth"

Increased need for sunscreen among population is estimated to fuel market growth. Growing concern about protecting skin from harmful UV rays. The chemical agents help to protect skin from harmful UV rays, which can cause skin cancer and sunburns. It is an oil-soluble liquid which can easily dissolves in oil. The chemical agent is thick and colorless. The chemical is the common ingredient that is used for manufacturing skin care products, which is anticipated to fuel octocrylene market growth in the upcoming years.

Octocrylene Market Segmentation

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• By Type

Based on type, the market is divided into Purity95%, Purity98%, and Purity99%.

Purity99% is expected to be the top part of the type segmentation

• By Application

Based on the application, the market is divided into sun care products, moisturizers, decorative cosmetics, and others.

Sun care products are expected to be the top part of application segmentation.

DRIVING FACTORS

"Growing Professional Recommendation and Unique Marketing Strategies to Accelerate Market Growth"

Increased Professional recommendation and unique marketing strategies is also primary factor to boost market growth in the upcoming years. In addition, celebrity’s endorsement and growing marketing in social media is expected to drive market performance. Rise in influencers and increased spending capacity of population is anticipated to attract more consumers The product is extensively used in skin products for its skin benefits properties. The chemical agent is added in sunscreen and anti-aging creams. Further, it has moisturizing effects and improve water resistance of products. Growing need for skin care routine and increased popularity of sunscreen among population is predicted to flourish market growth in the forthcoming years.

"Growth in Cosmetic and Beauty Appliance to Stimulate Market Progress"

The increased need for cosmetic products among population is primary factor to surge market growth. Today, population is concern about the benefits of following skin care routine. The chemical agent is used in skin care product is expected to expand market progress. High need for make up among women is predicted to drive market growth. The compound is approved by several manufacturers. It is widely used in make-up products such as BB cream, CC cream, tanning oil, hair spray and conditioner.  

RESTRAINING FACTORS

"Potential Side Effects and Environment Concern among Population to Hinder Market Growth"

The potential side effects of the chemical such as allergies. Also, growing awareness about environmental concern such as the chemical is harmful for marine life for instance coral is predicted to limit market growth in the upcoming years.

Octocrylene Market Regional Insights

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"Growing Awareness About Skin Damage in North America to Drive Market Share "

North America is estimated to account for the largest octocrylene market share owing to huge consumption rate due to growing awareness about skin damage. Growing spending on skin expenditure and personal hygiene products. Increased per capita income and huge demand from millennials population in the region is predicted to flourish market growth.

Europe is predicted to hold significant market position owing to climate condition in the region. Growing demand for skin care products and change in consumer preference. Increased tourism in beaches and huge sun exposer is anticipated to fuel market growth.

Asia Pacific is anticipated to boost market growth due to rise in shift towards healthy skin care products among growing population and growth in cosmetic and skin care sector is anticipated to push market growth. The product is extensively used in skin products for its skin benefits properties. The chemical agent is added in sunscreen and anti-aging creams.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

LIST OF TOP OCTOCRYLENE COMPANIES

• Hologic (U.S.)
• Fujirebio (Japan)
• Lonza (Switzerland)
• Frutarom (Israel)
• Becton Dickinson (U.S.)
• Wako (U.S.)
• ID Biomedical (Canada)
• Abbott (U.S.)
• Novacap (Canada)
• Exact Sciences (U.S.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.