Ethylhexyl Palmitate Market

Ethylhexyl Palmitate Market Outlook

The global ethylhexyl palmitate market is projected to exhibit growth at a CAGR of around 4% to 5% during the forecast period 2022-2032. Growing application of ethylhexyl palmitate as pigment wetting agent, solvent, fragrance fixative, carrying agent, and emollient across the overall personal care & cosmetic industry is estimated to accelerate the sales in the global market.

Ethylhexyl palmitate, referred to by various names such as octyl palmitate. hexadecanoic acid, 2-ethylhexyl ester, and others. It is fatty acid palmitate obtained from various types such as by a combination of palmitic acid, palm oil lipid, plant and animal life, and in smaller amounts from other fatty acids. It is a smoothing and ester used in multiple skincare products as an ingredient to maintain the consistency and thickness of the final product.

What are the Prominent Opportunities Creating Sales Prospects in the Global Ethylhexyl Palmitate Market

The ethylhexyl palmitate market is largely driven by the rapid expansion of the personal care & cosmetics industry across the globe. Demand for ethylhexyl palmitate is rapidly increasing across diverse skincare sectors, owing to its favorable attributes such as moisturizing, softening & smoothening, easy skin absorption & penetration, and others.

It is extensively being used as a carrying agent, solvent, wetting agent, and others for the production of various products such as foot moisturizers, sunscreens, hair removal wax, facial moisturizers, bath salts & soaks, and women’s depilatories among others. Hence, increasing sales of these products across prominent regions such as North America, Asia Pacific, and Europe is anticipated to boost the demand for ethylhexyl palmitate in the global market.

Which are Key Challenges Dampening the Demand for Ethylhexyl Palmitate in the Market

Rising awareness regarding the adverse effects caused due to the use of ethylhexyl palmitate on the skin and hair such as irritation, acne outbreak, allergic reactions, rashes, and others is hindering the growth in the global market.

Also, high cost of ethylhexyl palmitate, due to the complex extraction process from natural sources, and availability of low-cost substitutes such as silicone are factors further hampering the demand in the market.

Why is North America Emerging at Most Lucrative Ethylhexyl Palmitate Market

As per a study by FMI, North America is projected to account for the dominant revenue share in the global ethylhexyl palmitate market between 2022 and 2032.

With rising emphasis on the personal hygiene and increasing customer spending on enhancing body appearance and facial aesthetics, there is a rapid surge in demand for personal care & cosmetics products. Hence, key industry players are focusing on launching new products to cater to this surging demand.

For instance, in 2019, Eminence Organic Skin Care, a Canadian manufacturer of cosmetic products, announced launching a new range of products under its stonecrop collection, comprising body cream, body oil, body scrub, and others. Such new product launches are forecast to bolster the sales in the North America market.

Nandini Roy Choudhury

Principal Consultant

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How is Western Europe Contributing to the Growth of the Ethylhexyl Palmitate Market

Future Market Insights states that Western Europe is anticipated to exhibit growth at a rapid CAGR in the global ethylhexyl palmitate market during the forecast period 2022-2032.

A rapid shift in the consumer preference toward organic, and natural personal care, cosmetics, and baby care products is being witnessed across the countries such as the U.K., Germany, and France among others. This is due to rising prevalence of reactions and allergies caused because of the chemical ingredients used in products such as facial cream, baby moisturizers, hair conditioners, and many others.

Attributed to this, demand for organic, herbal, and natural products is increasing at a rapid pace. As ethylhexyl palmitate is increasingly used as an organics substitute for silicone during the production of natural products, this rise in demand for organics skincare products is expected to favor the growth in the Western Europe market.

Market Competition

Some of the leading players in the ethylhexyl palmitate market are Universal Preserve-A-Chem Inc., Esters and Solvents LLP., Shanghai Smart Chemicals Co. Ltd., Making Cosmetics, Trivent Chemicals, BOC Sciences, Bruchem, Inc., Acme Hardesty, Parchem, Qingzhou Ailitong Chemicals Co, Ltd., Hanianzhongxin Chemicals Co, Ltd., and others.

The market is highly competitive, attributed to presence of a large number of participants and increasing adoption of production capacity expansion, collaboration, mergers & acquisitions strategies for expanding their market share.

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Report Scope

Key Segments Profiled in the Ethylhexyl Palmitate Market Survey

By Product Origin:

• Plant
• Animal

By Product Packaging:

• Drum
• Pail

By Application:

• Anti-aging Creams
• Baby Oil
• Bath Salts and Soaks
• Eye Treatment Products
• Facial Moisturizers
• Hair Removal Waxes
• Foot Moisturizers
• Sunscreens
• Women’s Depilatories

By End Use:

• Hygiene
• Hair Care
• Baby Care
• Skin Care
• Cosmetics

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa