Market Overview:
The global octyl 2-hydroxybenzoate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for octyl 2-hydroxybenzoate in various applications such as perfumes, soaps, cosmetics, sunscreens and others. Additionally, rising awareness about personal hygiene and increasing disposable income are also fuelling the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market to some extent during the forecast period.
Product Definition:
An octyl ester of 2-hydroxybenzoic acid, used as a preservative.
Colourless:
It is a chemical intermediate used in the production of various pharmaceuticals and cosmetics. It has no direct consumer uses but it can be indirectly applied to some products such as dyes, pigments, paints & coatings and printing inks. The demand for 2-Hydroxybenzoate is expected to grow on account of its increasing application scope as an intermediate for the preparation of medicines which are used for treating cancer cells.
Light Yellow:
Light yellow is a color that occurs between yellow and orange on the visible light spectrum. It has a high degree of saturation (100% or more) and low chroma or lightness compared to other colors. The higher the percentage, the lighter will be the color.
Application Insights:
The global octyl 2-hydroxybenzoate market is segmented based on application into perfumes, soaps, cosmetics and sunscreens. Perfume was the largest application segment in 2017 and is expected to maintain its dominance over the forecast period. The high demand from this sector can be attributed to various factors such as increasing consumer spending power along with a growing preference for unique fragrance.
Octyl 2-hydroxybenzoate has excellent properties that make it suitable for use in various personal care products such as body lotions, shampoos and conditioners which are used for treating different skin types. It also finds applications in hair dyes & colors along with other related products like eye shadows, lipsticks and face creams among others which have scent as an important factor influencing product choice by consumers globally.
Regional Analysis:
Asia Pacific was the largest market for global octyl 2-hydroxybenzoate, accounting for a share of more than 45% in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing demand from countries such as China and India, which are among the top 10 fragrance exporters globally. Rising consumer awareness regarding differentiating perfumes through natural ingredients has been driving demand in this region.
North America emerged as one of the major consumers of global octyl 2-hydroxybenzoate owing to high consumption from personal care products including soaps, shampoos and conditioners used by hair stylists along with color cosmetics used by actresses and models for photoshoots and film shootings respectively have fueled growth over past few years (Ref.).
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, pharmaceuticals, and food additives
- Growing awareness about the benefits of octyl 2-hydroxybenzoate among consumers
- Rising investment by manufacturers in research and development to develop new applications for octyl 2-hydroxybenzoate
- Expansion of distribution channels by key players to increase their reach to consumers
- Growing popularity of octyl 2-hydroxybenzoate as a natural preservative
Scope Of The Report
Report Attributes
Report Details
Report Title
Octyl 2-Hydroxybenzoate Market Research Report
By Type
Colourless, Light Yellow
By Application
Perfume, Soap, Cosmetics, Sunscreens, Others
By Companies
Siddharth Carbochem Products, MFCI Co., Clariant, Universal Esters
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Octyl 2-Hydroxybenzoate Market Report Segments:
The global Octyl 2-Hydroxybenzoate market is segmented on the basis of:
Types
Colourless, Light Yellow
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Perfume, Soap, Cosmetics, Sunscreens, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siddharth Carbochem Products
- MFCI Co.
- Clariant
- Universal Esters
Highlights of The Octyl 2-Hydroxybenzoate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Colourless
- Light Yellow
- By Application:
- Perfume
- Soap
- Cosmetics
- Sunscreens
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Octyl 2-Hydroxybenzoate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Octyl 2-Hydroxybenzoate is a type of cosmetic ingredient found in many skin care products. It is a hydroxybenzoic acid that helps to improve the appearance of skin by providing antioxidant protection and helping to maintain moisture levels.
Some of the major companies in the octyl 2-hydroxybenzoate market are Siddharth Carbochem Products, MFCI Co., Clariant, Universal Esters.
The octyl 2-hydroxybenzoate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Octyl 2-Hydroxybenzoate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Octyl 2-Hydroxybenzoate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Octyl 2-Hydroxybenzoate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Octyl 2-Hydroxybenzoate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Octyl 2-Hydroxybenzoate Market Size & Forecast, 2020-2028
4.5.1 Octyl 2-Hydroxybenzoate Market Size and Y-o-Y Growth
4.5.2 Octyl 2-Hydroxybenzoate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Colourless
5.2.2 Light Yellow
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Perfume
6.2.2 Soap
6.2.3 Cosmetics
6.2.4 Sunscreens
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Octyl 2-Hydroxybenzoate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Octyl 2-Hydroxybenzoate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Colourless
9.6.2 Light Yellow
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Perfume
9.10.2 Soap
9.10.3 Cosmetics
9.10.4 Sunscreens
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Colourless
10.6.2 Light Yellow
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Perfume
10.10.2 Soap
10.10.3 Cosmetics
10.10.4 Sunscreens
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Colourless
11.6.2 Light Yellow
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Perfume
11.10.2 Soap
11.10.3 Cosmetics
11.10.4 Sunscreens
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Colourless
12.6.2 Light Yellow
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Perfume
12.10.2 Soap
12.10.3 Cosmetics
12.10.4 Sunscreens
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Colourless
13.6.2 Light Yellow
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Perfume
13.10.2 Soap
13.10.3 Cosmetics
13.10.4 Sunscreens
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Octyl 2-Hydroxybenzoate Market: Competitive Dashboard
14.2 Global Octyl 2-Hydroxybenzoate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siddharth Carbochem Products
14.3.2 MFCI Co.
14.3.3 Clariant
14.3.4 Universal Esters
