Market Overview:
The global propylene glycol ricinoleate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for decorative cosmetics and skin care products, globally. In addition, the growing awareness about the benefits of using propylene glycol ricinoleate in personal care products is also contributing to the growth of this market. Based on type, natural propylene glycol ricinoleate accounted for a larger share of the global market in 2017. This segment is expected to continue its dominance during the forecast period due to its properties such as biodegradability and environmental friendliness.
Product Definition:
propylene glycol ricinoleate (PGR) is a mixture of propylene glycol and ricinoleic acid. PGR is a colorless, viscous liquid that is soluble in ethanol, ether, and vegetable oils. It has a mild, fatty odor.
Natural:
Ricinoleate is a natural oil-based emulsifier used in the food industry as an alternative to chemical additives. It consists of one or more esters derived from fatty acids with glycerol as the base. The product has high demand in Europe and North America owing to its usage as an emulsifier, thickening agent, and stabilizer. Growing consumer awareness regarding health hazards associated with synthetic ingredients is expected to drive demand over the forecast period.
Synthetic:
Synthetic is a chemical that is produced in laboratories by the process of synthesis. It can also be defined as a man-made substance, which is created in laboratory settings and has no biological origin. Synthetic products are not natural and hence have no therapeutic value. Some common examples of synthetic products include polymers, plasticizers, pesticides, detergents (in detergent manufacturing), etc.
Application Insights:
Skin care product emerged as the leading application segment and accounted for over 60.0% of global propylene glycol ricinoleate market in 2017. The product is widely used in skin care products such as moisturizers, anti-aging creams, sunscreens and make-up removers owing to its properties including emollient texture that helps smoothen the skin surface and enhance absorption of other ingredients. Rising awareness regarding healthy skin has led to a surge in demand for various skincare products containing propylene glycol ricinoleate among women aged 25¢â‚¬â€œ44 years across the globe.
Regional Analysis:
Asia Pacific was the largest market for global propylene glycol ricinoleate with a revenue share of over 45% in 2017. The region is expected to continue its dominance over the forecast period as well owing to increasing demand from various end-use industries, such as cosmetics and personal care products. China is one of the major producers and exporters of propylene glycol ricinoleate in this region. It has been observed that majority of cosmetic manufacturers have shifted their production bases to China due to low manufacturing cost coupled with easy availability of raw materials, labor, land etc., which has resulted in high exports from this country.
North America emerged as second most prominent regional market followed by Europe owing to growing product demand from several end-use industries including pharmaceuticals, food processing & packaging among others across these regions respectively during the forecast period. In U.S.
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, pharmaceuticals, and food & beverage
- Rising awareness about the benefits of using Propylene Glycol Ricinoleate in various applications
- Growing R&D investments for new product development
- Expansion of distribution networks by key players to increase reach across regions
- Emerging economies offering lucrative growth opportunities
Scope Of The Report
Report Attributes
Report Details
Report Title
Propylene Glycol Ricinoleate Market Research Report
By Type
Natural, Synthetic
By Application
Decorative Cosmetics, Skin Care Product, Other
By Companies
Stearinerie Dubois, Jeen International, Lakeland Chemicals, Lubrizol, Alzo International, Protameen Chemicals, Vertellus Specialties
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
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Propylene Glycol Ricinoleate Market Report Segments:
The global Propylene Glycol Ricinoleate market is segmented on the basis of:
Types
Natural, Synthetic
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
Decorative Cosmetics, Skin Care Product, Other
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:
- Stearinerie Dubois
- Jeen International
- Lakeland Chemicals
- Lubrizol
- Alzo International
- Protameen Chemicals
- Vertellus Specialties
Highlights of The Propylene Glycol Ricinoleate 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:
- Natural
- Synthetic
- By Application:
- Decorative Cosmetics
- Skin Care Product
- Other
- 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 Propylene Glycol Ricinoleate 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?
Propylene Glycol Ricinoleate is a type of ricin that is derived from propylene glycol. Ricin is a toxic substance that can be deadly if ingested.
Some of the key players operating in the propylene glycol ricinoleate market are Stearinerie Dubois, Jeen International, Lakeland Chemicals, Lubrizol, Alzo International, Protameen Chemicals, Vertellus Specialties.
The propylene glycol ricinoleate 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 Propylene Glycol Ricinoleate 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 Propylene Glycol Ricinoleate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Propylene Glycol Ricinoleate 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 Propylene Glycol Ricinoleate 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 Propylene Glycol Ricinoleate Market Size & Forecast, 2020-2028
4.5.1 Propylene Glycol Ricinoleate Market Size and Y-o-Y Growth
4.5.2 Propylene Glycol Ricinoleate 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 Natural
5.2.2 Synthetic
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 Decorative Cosmetics
6.2.2 Skin Care Product
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Propylene Glycol Ricinoleate 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 Propylene Glycol Ricinoleate 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 Natural
9.6.2 Synthetic
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 Decorative Cosmetics
9.10.2 Skin Care Product
9.10.3 Other
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 Natural
10.6.2 Synthetic
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 Decorative Cosmetics
10.10.2 Skin Care Product
10.10.3 Other
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 Natural
11.6.2 Synthetic
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 Decorative Cosmetics
11.10.2 Skin Care Product
11.10.3 Other
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 Natural
12.6.2 Synthetic
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 Decorative Cosmetics
12.10.2 Skin Care Product
12.10.3 Other
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 Natural
13.6.2 Synthetic
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 Decorative Cosmetics
13.10.2 Skin Care Product
13.10.3 Other
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 Propylene Glycol Ricinoleate Market: Competitive Dashboard
14.2 Global Propylene Glycol Ricinoleate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stearinerie Dubois
14.3.2 Jeen International
14.3.3 Lakeland Chemicals
14.3.4 Lubrizol
14.3.5 Alzo International
14.3.6 Protameen Chemicals
14.3.7 Vertellus Specialties
