The global caprylyl glycol market value is estimated to total USD 1.7 billion in 2024 and USD 3.2 billion by 2034. Global demand is anticipated to increase at a CAGR of 6.6% throughout the forecast period, fueled by increasing production and consumption of cosmetics and personal care items.
Multiple factors are expected to propel the demand for caprylyl glycol during the assessment period. These include robust growth of cosmetics and personal care sector, growing interest in natural ingredients, and widening applications of 1,2-octanediol in pharmaceutical and other industries.
Caprylyl glycol is becoming a widely used ingredient in the cosmetics and personal care sector. This is due to its growing popularity as a versatile moisturizer, emollient, and antimicrobial preservative. Thus, as the demand for cosmetics continues to surge, so will sales of caprylyl glycol.
Consumers globally are becoming aware of the importance of personal grooming and hygiene. This is prompting them to invest in a wide range of cosmetic and personal care products, especially those containing caprylyl glycol.
Modern consumers are also looking for natural ingredients in cosmetics and personal care products. Caprylyl glycol aligns well with this trend as it is mostly derived from plant-based sources.
Increasing adoption of caprylyl glycol in pharmaceutical formulations is anticipated to boost sales growth. Similarly, expanding applications of caprylyl glycol in industrial products like coatings, adhesives, and lubricants that require antimicrobial and moisture retention capabilities will fuel demand.
The caprylyl glycol market is projected to experience growth due to several key drivers:
- Increasing Demand in the Cosmetics and Personal Care Industry: Caprylyl glycol is widely used as a skin-conditioning agent and preservative in cosmetics and personal care products such as creams, lotions, shampoos, and deodorants. The growing consumer preference for skincare and beauty products, especially those with natural and non-toxic ingredients, is driving demand for caprylyl glycol.
- Rising Awareness of Skin Health: As consumers become more conscious about their skin’s health and the products they use, the demand for safe, moisturizing, and non-irritating ingredients in cosmetic formulations is increasing. Caprylyl glycol’s ability to hydrate and provide a smoother skin texture contributes to its popularity.
- Shift Toward Natural and Sustainable Products: Caprylyl glycol, derived from natural sources like coconut oil, aligns with the trend towards clean beauty products and sustainability. Consumers increasingly prefer products that are eco-friendly, cruelty-free, and made from renewable resources, which boosts the demand for caprylyl glycol-based products.
- Growth in the Pharmaceutical and Healthcare Sectors: Beyond cosmetics, caprylyl glycol is also used in the pharmaceutical industry as an emulsifier, stabilizer, and preservative. The rising demand for pharmaceutical products, especially those with a focus on skin health or personal hygiene, is contributing to its market expansion.
- Antimicrobial Properties: Caprylyl glycol’s ability to act as a mild antimicrobial agent, helping prevent the growth of bacteria and fungi in cosmetic formulations, is driving its use in formulations requiring preservatives. This trend is particularly important as consumers seek safer alternatives to parabens and other preservatives.
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Caprylyl Glycol Market Key Players
- Ashland
- BASF SE
- Clariant AG
- Dow
- Evonik Industries AG
- Inolex, Inc.
- Lonza Group Ltd.
- Lotioncrafter
- Symrise
- Thor Personal Care
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Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the caprylyl glycol industry, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study offers compelling insights based on nature (natural and synthetic), grade (cosmetic grade and industrial grade), application (haircare products, skincare products, toiletries, makeup and color cosmetics, and others), and end-use (pharmaceuticals, cosmetics, and personal care, industrial, others) across several regions.
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