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Caprylyl Glycol Market Outlook from 2024 to 2034

The global caprylyl glycol industry size is estimated to be valued at USD 1.7 billion in 2024 and further increase at a CAGR of 6.6% during the forecast period. By 2034, global sales of caprylyl glycol are projected to total USD 3.2 billion, driven by increasing usage in diverse industries.

Caprylyl glycol, also referred to as 1,2-octanediol, is becoming a popular diol across diverse industries because of its valuable properties. High adoption of this chemical compound in personal care products, cosmetics, and pharmaceuticals is set to boost sales growth.

The radiance and success of the cosmetics and personal care industry have proved hard to resist, attracting new companies and investors. To stand out from the crowd, brands are making different choices, including using natural ingredients like 1,2-octanediol.

1,2-octanediol is gaining immense popularity as a humectant and preservative in the cosmetics and personal care sector. The increasing usage of this hydration powerhouse in masks, moisturizers, and other products designed to keep skin hydrated will likely fuel demand through 2034.

1,2-octanediol’s humectant and emollient properties make the product an ideal ingredient for hair conditioners. The chemical is also becoming a safer alternative to various conventional preservatives like parabens, further contributing to its growing demand.

Consumers throughout the world are increasingly becoming aware of sustainability. This is leading to high demand for environmentally friendly ingredients, including natural 1,2-octanediol.

Leading manufacturers are constantly striving to meet the ever-increasing demand for natural ingredients by launching novel solutions. For instance, recently, Symrise upgraded its green multifunctional ingredient portfolio by launching SymDiol 68.

SymDiol 68 green contains green variants of caprylyl glycol and 1,2 hexanediol. The chemical offers benefits like efficient skin moisturizing, effective product protection enhancement, and stabilization.

Minasolve recently introduced three new E-Leen blends by using bio-based caprylyl. Development of such novel products will help players target cosmetic producers seeking bio-based alternatives in nations like the United States, Germany, China, and others.

Attributes Description
Estimated Global Caprylyl Glycol Market Size (2024E) USD 1.7 billion
Projected Global Caprylyl Glycol Market Value (2034F) USD 3.2 billion
Value-based CAGR (2024 to 2034) 6.6%

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Key Industry Highlights

High Caprylyl Glycol Consumption in Cosmetics and Personal Care Industry

The global 1,2-octanediol industry is projected to advance rapidly during the forecast period, owing to multiple factors. One such key factor is the increasing adoption of 1,2-octanediol in the cosmetics and personal care sector.

Caprylyl glycol has emerged as an ideal moisturizer, humectant, and antimicrobial agent in a wide variety of skincare and haircare items. Thus, rapid growth of the global cosmetics and personal care industry will play a key role in uplifting demand for caprylyl glycol through 2034.

People across the world are becoming aware of personal hygiene and personal grooming. As a result, individuals are spending more and more money on cosmetic and personal care products, creating growth prospects for the caprylyl glycol sector worldwide.

Today, consumers are prioritizing skincare and personal grooming, leading to surging demand for moisturizers, lotions, creams, and shampoos containing 1,2-octanediol. High production and consumption of these products will have a positive impact on growth.

Escalating Emphasis on Natural and Organic Products

Consumers globally are seeking natural and organic cosmetics and personal care products. 1,2-octanediol fits perfectly with this trend, encouraging cosmetic giants to adopt this ingredient in products.

Naturalism is gaining momentum in the beauty sector, compelling brands to opt for natural and eco-friendly ingredients. This will play a key role in boosting growth of caprylyl glycol market during the assessment period.

Availability of Substitutes Limiting Industry Growth

Despite growing popularity of 1,2-octanediol, there are certain factors that limit its demand and usage. These include availability of alternatives like propylene glycol and stringent regulations on the cosmetics and personal care industry.

Ingredients like propylene glycol are giving tough competition to 1,2-octanediol. These substitutes are being widely used in various industries as solvents and humectants, which negatively impacts the target sector.

2019 to 2023 Global Caprylyl Glycol Sales Analysis Compared to Demand Forecast for 2024 to 2034

Global 1,2-octaneodiol sales increased at a CAGR of 8.3% between 2019 and 2023. This high growth was fueled by rising demand for natural cosmetic and personal care products and high usage of 1,2-octaneodiol in pharmaceuticals.

In recent years, demand for natural cosmetics has been on the rise owing to increased health awareness and tightening environmental regulations. This has fueled adoption of natural ingredients like 1,2-octaneodiol in cosmetic items.

Caprylyl glycol’s antimicrobial properties also encouraged its adoption in several pharmaceutical formulations. Similarly, the chemical was widely used as a solvent for other ingredients in pharmaceuticals, especially during the COVID-19 pandemic.

Looking ahead, the future forecast for caprylyl glycol industry looks bright. This is attributable to growing usage of 1,2-octaneodiol as a humectant and antimicrobial preservative in several personal care and cosmetic products.

Consumers and top beauty brands are increasingly realizing the harmful effects of traditional preservatives like parabens. This is creating a rapid shift towards safe alternatives like1,2-octanediol, thereby fueling its demand.

1,2-octaneodiol is considered safe for usage in pharmaceutical and personal care and cosmetic products. This compound exhibits antimicrobial activities and can significantly extend the life of these items.

Another prominent factor leading to sales growth is the widening application of 1,2-octaneodiol in various industrial products. These include coatings, adhesives, lubricants, and other demanding industrial items.

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Comparative Market Overview

The section below provides a comparative analysis of two industries in the chemicals and materials division related to the target sector, namely, butyl glycol and bio-based propylene glycol industries. The information provided in the tables below would enable potential clients to make wise investment decisions and put efforts in the most beneficial zones.

Butyl Glycol Industry Assessment:

From being widely used as a solvent for materials like varnishes, paints, and resins to cleaning agents, demand for butyl glycol is growing steadily. Increasing construction activities and thriving paints and coatings sector will likely create growth opportunities for butyl glycol manufacturers during the upcoming years.

Attributes Description
Related Market Butyl Glycol Market
CAGR (2024 to 2034) 3.6%
Growth Factor Escalating demand for paints and coatings from automotive, construction, and other industries
Opportunity Rapid industrialization and urbanization, especially across emerging nations
Key Trends Development of renewable or bio-based butyl glycol

Bio-based Propylene Glycol Industry Assessment:

Bio-based propylene glycol is becoming a sustainable alternative to traditional propylene glycol. High adoption of this bio-based chemical compound in food and beverage, pharmaceutical, and cosmetics industries is set to boost sales growth.

Bio-based propylene glycol is widely used as a solvent and antifreeze in food and beverages. Similarly, the chemical finds application as a humectant and carrier for fragrances. Growing demand for bio-based propylene glycol in industrial applications like lubricants and transfer fluids will further facilitate growth.

Attributes Description
Related Market Bio-based Propylene Glycol Market
CAGR (2024 to 2034) 4.4%
Growth Factor Growing adoption of bio-based propylene glycol in applications like pharmaceuticals, cosmetics, and food and beverages
Opportunity Implementation of stringent regulations aimed at encouraging the usage of bio-based items and reducing greenhouse gas emissions
Key Trends Growing interest in bio-based and sustainable products

Country-wise Insights

The section below depicts caprylyl glycol market forecast across various countries. South Korea, Japan, and the United Kingdom are set to experience higher CAGRs of 9%, 8.3%, and 7.8%, respectively through 2034.

The regional analysis of caprylyl glycol market is also given to determine key pockets for companies closely. Information about caprylyl glycol sector’s latest trends is also provided in the full report.

Surging demand for cosmetics and favorable government support are few industry growth factors for caprylyl glycol in East Asia. Overview of caprylyl glycol market in APAC indicates Japan and Korea to witness robust growth.

On the other hand, North America, led by the United States, will likely remain a key consumer of 1,2-octanediol. This growth is spearheaded by growing clean beauty movements, emphasizing usage of safe and non-toxic ingredients in cosmetics and personal care products.

Europe is anticipated to present lucrative opportunities to 1,2-octaneodiol manufacturers from 2024 to 2034. This can be attributed to surging demand for products that enhance personal care. Emerging opportunities in caprylyl glycol sector across Europe include increasing spending on cosmetic products and growing interest in natural products.

Countries CAGR 2024 to 2034
United States 6.8%
China 7.4%
United Kingdom 7.8%
Japan 8.3%
South Korea 9%

Growing Interest in Natural Cosmetics Fueling Sales in the United States

The United States market is projected to register a CAGR of 6.8% during the assessment period, totaling USD 570.2 million by 2034. This is attributable to increasing consumer preference for natural cosmetics and personal care products.

The United States is a global flagship market for natural cosmetics and personal care products. More and more Americans are showing interest in using organic and natural cosmetics, leading to increasing sales of 1,2-octanediol.

1,2-octaneodiol is considered a safe and natural ingredient and offers several benefits. As a result, several United States-based cosmetic brands are utilizing the chemical as a moisturizer and preservative in new products.

Regulatory bodies, such as the Food and Drug Administration (FDA), also encourage adoption of safe and natural cosmetic ingredients. This is anticipated to further fuel demand and improve market share of caprylyl glycol in the United States as industries look to adhere to strict regulations.

United Kingdom to Present Lucrative Opportunities to Manufacturers

Sales of caprylyl glycol in the United Kingdom are poised to record a CAGR of 7.8% during the next ten years, totaling USD 129.3 million by 2034. One of the prominent factors spearheading this growth is the booming cosmetics and personal care sector in the nation.

According to Cosmetics Europe, with around USD 11.3 billion in revenue, the United Kingdom remained the fourth leading market for cosmetics and personal care products in 2022. Robust growth of this sector will likely create lucrative growth opportunities for the manufacturers.

Caprylyl glycol is widely used in cosmetics and personal care products because of its multifunctionality. Thus, as demand for cosmetics products in the nations increases, so will 1,2-octaneodiol sales.

Leading cosmetic brands in the United Kingdom are heavily investing in research and development in relation to cosmetics and personal care. This will bode well for the target sector over the projected time frame.

Increasing Spending on Cosmetic Products Propelling Demand in China

China's 1,2-octanediol industry is projected to advance at a CAGR of 7.4% during the forecast period. Sales in the country are estimated to be valued at USD 506.5 million by 2034, fueled by increasing consumer spending on cosmetic and personal care products and booming e-commerce.

Consumers, especially women folk, in China are spending large amounts of income on cosmetic and personal care products. This is acting as a catalyst triggering industry growth in the country.

Another key factor boosting sales growth in China is the widening applications of 1,2-octanediol in pharmaceutical, food and beverage, and other industries. Similarly, favorable government support and increasing cosmetic exports will improve China’s share in caprylyl glycol market in Asia Pacific.

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Category-wise Insights

The section below sheds some light on top segments and anticipated growth rates. The detailed segmentation of caprylyl glycol industry can help companies to frame strategies accordingly.

By application, the skincare products segment dominated the industry, accounting for a value share of 28% in 2023. The latest analysis of caprylyl glycol industry states that the cosmetics and personal care segment held a share of 36% in 2023 by end-use.

1,2-octaneodiol Usage Remains High in Skincare Products

Segment Skincare Products (Application)
Value Share (2023) 28%

Call it a preservative or hydration hero, caprylyl glycol is increasingly used in a variety of skincare products. As a result, the skincare products segment accounted for a prominent value share of 28% in 2023 and is set to record a CAGR of 6.4% through 2034.

1,2-octanediol acts as a humectant, thereby helping keep skin from drying out. Growing demand for skin care products containing 1,2-octaneodiol, especially from people with dry skin, will likely boost the target segment.

Caprylyl glycol is also becoming a powerful preservative in various skincare products. Similarly, the chemical possesses emollient properties and helps soften and smooth the skin. These properties further encourage its adoption in skincare products.

Today, people across the world are looking to enhance the physical attributes, especially skin. This is prompting them to use various skincare products like creams, peels, and lotions, especially those containing 1,2-octanediol.

Cosmetics and Personal Care Industry Remains Core User

Segment Cosmetics and Personal Care (End-use)
Value Share (2023) 36%

The cosmetics and personal care industry remains the leading end user of 1,2-octaneodiol owing to its multifunctional benefits. The target segment held a value share of 36% in 2023 and is poised to further record a CAGR of 6.2% through 2034.

Caprylyl glycol is becoming an ideal humectant, preservative, and conditioning agent in the cosmetics and personal care industry. High adoption in this thriving sector will play a key role in boosting demand for caprylyl glycol globally.

Caprylyl glycol offers benefits like moisturization and antimicrobial properties. As a result, the product is widely used in cosmetic formulations like haircare, skincare, and personal care products. Shifting preference from harmful chemicals to more natural ones is set to propel demand in the cosmetics and personal care sector.

With more and more cosmetic companies looking to innovate, adoption of ingredients like 1,2-octanediol is set to increase rapidly. This will further boost growth of the target segment through 2034.

Competition Outlook

Leading players like BASF SE and Evonik Industries AG are striving to develop new 1,2-octanediol products aimed at improving skin health. Development of novel products will also help players meet escalating demand for natural and functional ingredients in cosmetics.

Several companies are investing in research and development to explore new applications of 1,2-octanediol beyond cosmetics. For instance, 1,2-octanediol is being gradually used in veterinary drugs and pharmaceuticals.

Companies are also looking to comply with regulations in the United States, Germany, China, the United Kingdom, Korea, Japan, and other nations. Similarly, partnerships, acquisitions, collaborations, new facility establishments, and mergers are becoming popular in the industry as players look to increase customer base and strengthen presence.

Industry Updates

  • In April 2024, Switzerland-based Clariant AG announced the acquisition of Lucas Meyer Cosmetics, a leading cosmetic ingredient supplier, for USD 810 million. The acquisition would enable the former to push growth of sustainability- and customer-driven innovations.
  • In 2023, Germany-based Evonik Industries introduced a new range of fermented caprylyl glycol products for improving skin health. The new range includes BeautiFerm Lift and BeautiFerm Healerine products. The company’s innovative products would help provide a balance of skin microbiota and improve skin resurfacing.
  • In January 2023, Germany-based Symrise acquired a minority stake in EvodiaBio, a Danish aroma company.

Leading Caprylyl Glycol Brands

  • Ashland
  • Clariant AG
  • Dow
  • Evonik Industries AG
  • Inolex, Inc.
  • Lonza Group Ltd.
  • Lotioncrafter
  • Symrise
  • Thor Personal Care

Key Segments of Market Report

By Nature:

There are two significant natures evaluated, namely, natural and synthetic.

By Grade:

Two leading grades include cosmetic grade and industrial grade.

By Application:

In terms of application, the market has been categorized into haircare products, skincare products, toiletries, and others.

By End-use:

Based on end-use, the industry is segmented into pharmaceuticals, cosmetics and personal care, industrial, and others.

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.

Frequently Asked Questions

How big is the caprylyl glycol market?

Global sales are estimated to total USD 1.7 billion in 2024.

What is the predicted CAGR for the target industry?

The target industry is forecast to record a CAGR of 6.6% CAGR through 2034.

What is the estimated industry value for 2034?

By 2034, the global industry value is projected to total USD 3.2 billion.

Which application segment will lead the industry?

Skincare products.

Who are the leading players in caprylyl glycol industry?

Ashland, BASF SE, Clariant AG, Evonik Industries AG and Inolex, Inc.

What is the brand name of caprylyl glycol?

Different trade include Lexgard O, Enhansys CG-100, and others.

Where is caprylyl glycol found?

Palm and coconut oils.

Table of Content

1. Executive Summary

2. Industry Introduction, including Taxonomy and Market Definition

3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments

4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections

5. Pricing Analysis

6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    6.1. Grade

    6.2. Nature

    6.3. Application

    6.4. End-use

7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Grade

    7.1. Cosmetic Grade

    7.2. Industrial Grade

8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Nature

    8.1. Natural

    8.2. Synthetic

9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application

    9.1. Haircare Products

    9.2. Skincare Products

    9.3. Toiletries

    9.4. Others

10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use

    10.1. Pharmaceuticals

    10.2. Cosmetics and Personal Care

    10.3. Industrial

    10.4. Others

11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region

    11.1. North America

    11.2. Latin America

    11.3. Western Europe

    11.4. South Asia

    11.5. East Asia

    11.6. Eastern Europe

    11.7. Middle East & Africa

12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

15. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

17. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

19. Sales Forecast 2024 to 2034 by Grade, Nature, Application, and End-use for 30 Countries

20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard

21. Company Profile

    21.1. Ashland

    21.2. Clariant

    21.3. Lonza

    21.4. Chemspire Ingredients

    21.5. Akema Fine Chemicals

    21.6. ADEKA

    21.7. Thor Personal Care

    21.8. SPE Cosmetics and Personal Care

    21.9. Manning Group

    21.10. Minasolve

    21.11. Chemsol Korea


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