The global dicaprylyl carbonate market is all set to gain stupendous revenues in the years ahead, states the latest report published by TMR Research. Key reason supporting this estimation is increasing demand for dicaprylyl carbonate from cosmetics and personal care industries. The new report titled “Dicaprylyl Carbonate Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2029” share important data on key growth avenues in the market.
Numerous companies engaged in cosmetics and personal care products industries are witnessing growing use of dicaprylyl carbonate in their products owing to various qualities it offers. Dicaprylyl carbonate is light dry emollient. It is gaining traction owing to its non-greasiness and fast-spreading and moisturizing ability. All these qualities make it perfect choice for use in cosmetics and personal care products. Thus, the global dicaprylyl carbonate market will thrive during forecast period in collaboration with companies engaged in cosmetics and personal care industries.
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Growing Demand for Personal Care Products Supports Market Growth
Continuous growth in the worldwide population is driving the growth of the dicaprylyl carbonate market. Dicaprylyl carbonate holds applications in a wide range of personal care products. Spray oils, hair care products, antiperspirants, make-up removers, and deodorants are some of the products in which this emollient is increasingly used. Thus, growing demand for all these products will spur demand for dicaprylyl carbonate. As a result, the global dicaprylyl carbonate market will experience prodigious growth opportunities.
Rising Disposable Income Stimulates Market Growth
In recent period, the disposable income of people all across the world is significantly increased. Owing to this factor, there is growth in demand for various personal care products and cosmetics. This factor is opening avenues for the growth of the global dicaprylyl carbonate market. To bridge the gap between the demand and supply ratio, the companies engaged in the manufacturing of these products have increased their production capabilities. In addition to this, they are also growing demand for dicaprylyl carbonate, as it is one of the key components of these products. This factor is stimulating the growth of the dicaprylyl carbonate market.
The list of key vendors in the global dicaprylyl carbonate market includes numerous companies such as Lonza Group Ltd, BASF SE, Haihang Industry Co., Ltd., Evonik Personal Care, Isochem Company, Hallstar, Yantai Aurora Chemical, Sasol Chemicals, and Sunjin Chemical. This signifies that the competitive landscape of the global dicaprylyl carbonate market is moderately fragmented in nature. Key reason behind this scenario is significant number of international and regional players in it.
Several players in the dicaprylyl carbonate market are growing their efforts to offer superior quality products. Besides, they are increasing efforts to fulfil the rising demand owing to wide range of applications of dicaprylyl carbonate. All these efforts are expected to drive the growth of the market.
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The global dicaprylyl carbonate market is spread across many regions including Latin America, North America, East Asia, South Asia & Oceania, MEA, and Europe. Of them, Europe is one of the key regions driving the market growth. Presence of many key vendors will offer lucrative avenues for the market in this region. Besides, the significant number of end-user enterprises from personal care and cosmetics sectors will benefit the market growth in this region.
The dicaprylyl carbonate market is expected to witness growth owing to remarkable increase in demand from countries like Japan, China, and South Korea. Presence of a gigantic color cosmetic industry in China will stimulate the market growth. At the same time, the dicaprylyl carbonate market will witness rising demand from Japan and South Korea owing to presence of many companies engaged in personal care and cosmetic products.