PUBLISHER: Allied Market Research | PRODUCT CODE: 1179704
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179704
The octyl salicylate market was valued at $1.1 billion in 2021, and is projected to reach $1.8 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.
Salicylates are weak UVB absorbers and are commonly utilized in combination with other UV sunscreens. Octyl salicylate is mainly a colorless or pale yellow with a slightly floral odor. It is mostly found in sunscreen creams, lotions, sprays, and sticks. It is soluble in ethanol, olive oil, isopropanol, mineral oil, paraffin oil, dimethicone, and octyl palmitate. It acts as an exceptional solubilizer for a broad range of crystalline UV filters, such as butyl methoxydibenzoylmethane and ethylhexyl triazone.
For the purpose of analysis, the octyl salicylate market scope covers segments by type, application, and region. The report outlines the details about octyl salicylate type, including colorless and light yellow. The use of octyl salicylate in various applications, including perfume, soap, cosmetics, sunscreens, and others are analyzed in the report. Moreover, it analyzes the current market trends of octyl salicylate across different regions, such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
In addition, the report covers profiles of key industry participants, such as AAKO, Aceto Corporation, Clariant, Ernesto Ventos S.A., Labdhi Chemicals, MFCI CO., LTD., Otto Chemie Pvt. Ltd., Prakash Chemicals International Private Limited, Rishabh Metals and Chemical Pvt. Ltd., Siddharth Carbochem Products, TCI Chemicals, Toronto Research Chemicals, Unicorn Petroleum, Universal Esters, and Universal Preserv-A-Chem Inc.
Key Benefits For Stakeholders
By Type
By Application
By Region