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Global Emollient Market Growth Projections & Future Scenario Analyzed until 2027
The Fact.MR study is optimistic on the future prospects of emollient market, and projects global revenues to growth at over 5% CAGR to surpass US$ 1 billion by 2027.
Emollient is a moisturizer which is applied to the skin for the treatment of dry, itchy and scaly skin conditions. Available in multiple forms such as ointments, lotions, gels and creams, emollients form a protective covering over skin and trap moisture. These properties of emollients are utilized for the treatment of eczema, psoriasis and ichthyosis to prevent patches of inflammation and flare-up of these skin conditions.
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Fact.MR has compiled a new research report on the emollient market that delivers the most credible go-to forecast of the emollient market growth. A comprehensive analysis is backed by a thorough analysis of historical data and current market scenario of the emollient market. The emollient market forecast provided in the report is derived from the in-depth study of the market trends, drivers, restraints, and opportunities in the global market landscape.
Natural Emollients Witness Increasing Proliferation on Account of Broader Macroeconomic Developments
A significant shift in the lifestyle induced by a plethora of multipronged factors, including environmental awareness and health & wellness education, has influenced consumers to seek transparency in the products they purchase. Dissemination of information regarding harmful effects of chemicals has led to a significant shift towards product ingredients that are derived naturally as compared to those manufactured artificially. Animal and plant-derived emollients that are devoid of chemical modifications are witnessing a steady surge in demand. The unrefined emollients including tocopherol, carotenoids, hydrocarbons, steroids, triterpenoids and alcohol are considered superior formulations over chemically modified emollients in emollient market. Emollients have been a prime ingredient in the personal care industry and demand for natural emollients is rising in consonant with the rising demand for natural personal care products.
Demand for Emollients from the Cosmetics Industry to Witness 1.6X Growth through 2027
Owing to the numerous intrinsic properties of emollients, their extensive application in cosmetics products has made them the second major group of ingredient used in cosmetics after water. Almost all commercially available emollients including hydrocarbon, ester, ether, and silicone are used as one or more ingredients in the cosmetics products. Demand for emollients from the cosmetics industry is likely to witness 1.6x growth to reach US$ 340 billion by 2027.
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Ether, Ester and Fatty Acid to Collectively Account for over 60% Market share, Fatty Acid to Capture the Largest Share
Among commercially available emollients, demand for ether, ester and fatty acid type of emollients has been on the rise owing to their superior property and easier accessibility of raw materials. Fatty acids or lipids are versatile and find wide-ranging applications in the manufacture of cosmetics and personal care products including creams, gels, lotions and serum. Ether emollients dominated the emollient market in terms of value in 2017, however, fatty acid emollients are estimated to outsell ether and dominate emollient market revenues by the end of the forecast period.
Silicone Emollients Likely to Witness Healthy Growth, Albeit from a Low Base
Although silicone lags behind in matching the race against the massive application of ether, ester and fatty acids in the cosmetics and personal care products, outstanding physical and chemical properties enable silicon to serve functions more than an emollient. As silicon forms a strong bond with oxygen, silicon emollients are chemically inert and resistant to oxidation and humidity. In addition, low surface tension allows silicon emollients to enhance distribution and improve spreading whereas high vapor pressure increases the volatility of emollient formulation. Owing to these properties, silicone derivatives find widespread application in reducing tackiness, obtaining non-greasy skin and in anti-foaming agents. The widespread application of silicon derivative is likely to augur well for the silicon-based emollients segment with 1.3x growth during the forecast period.
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