Dicaprylyl carbonate is a cosmetic element that is available in natural and synthetic forms. Because of its great moisturizing ability, it is typically characterized as a light dry emollient, non-greasy, and fast-spreading product. Because it provides multifunctional features to the end-use product, it is widely used in the personal care and cosmetics business.
Covid-19 Impact & Market Status:
Since the COVID-19 viral outbreak in December 2019, the disease has spread to nearly 100 nations, forcing the World Health Organization to designate it a public health emergency. The consequences of the coronavirus infection 2019 (COVID-19) are already being felt around the world, During COVID 19, the Dicaprylyl Carbonate Market recorded mixed outcomes for various applications and geographies. The global Dicaprylyl Carbonate market is expected to grow at a CAGR of 1.6 percent from USD 73 million in 2022 to USD 81 million by 2028 as a result of the COVID-19 pandemic.
European Market is accounted for the highest market share during the prediction period
Europe had a major proportion of the global dicaprylyl carbonate market due to the presence of prominent personal care and cosmetic formulators in the area. However, due to the saturation of the personal care and cosmetics sector, mature regions like as North America and Europe are predicted to develop at a low rate over the forecast period.
The dicaprylyl carbonate market is developing due to rising consumer demand for anti-aging goods that minimise and delay ageing indications, rising demand for sun care products, and the ever-growing colour cosmetic sector.
Dicaprylyl carbonate's increasing use in spray oils, antiperspirants and deodorants, hair care products, and make-up removers is expected to fuel its expansion over the forecast period. Due to increased modernity and urbanisation, the market for dicaprylyl carbonate is expected to grow substantially over the forecast period.
As people become more aware of the dangers of synthetic substances, demand for products containing natural ingredients is expanding. Because silicones are synthetic and have negative environmental consequences, manufacturers are increasingly using dicaprylyl carbonate as an emollient. This is projected to have a positive influence on the global dicaprylyl carbonate industry's expansion throughout the forecast period.
The global Dicaprylyl Carbonate market is expected to grow at a CAGR of 1.6 percent from USD 73 million in 2022 to USD 81 million by 2029.
Because of its unique ability to increase collagen formation, which aids in the healing of wrinkles and sagging skin, it is commonly utilized in sun care and anti-aging treatments. Dicaprylyl carbonate accounts for around 5% to 10% of the total personal care ingredient market.
Macroeconomic variables such as disposable income, higher per capita personal care spending, the millennial population, and internet penetration are all contributing to the global expansion of the dicaprylyl carbonate industry. Over the projection period of 2022-2029, the dicaprylyl carbonate market is expected to grow at a higher single-digit rate. The dicaprylyl carbonate market is developing due to rising consumer demand for anti-aging goods that minimize and delay ageing indications, rising demand for sun care products, and the ever-growing color cosmetic sector.
Furthermore, dicaprylyl carbonate is a multifunctional component that performs multiple activities in a single formulation and has a high spreadability when compared to other emollients, giving it an advantage over other emollients. Furthermore, the growing popularity of natural ingredients is expected to fuel global demand for dicaprylyl carbonate.
Overuse of dicaprylyl carbonate products, on the other hand, is detrimental to the skin and can produce a burning feeling in the eyes, which could limit the dicaprylyl carbonate market's expansion in the approaching years. Furthermore, the high cost of dicaprylyl carbonate, as well as the introduction of prospective substitutes such as propanediol dicaprylate, has slowed the expansion of dicaprylyl carbonate.
The major market players operating in the Dicraprylyl Carbonate Market are BASF SE, Evonik Personal Care, Haihang Industry Co., Ltd., Sunjin Chemical, Yantai Aurora Chemical, and Sasol Chemicals, Hallstar, Isochem Company, Lonza Group Ltd amongst others.
Major Developments in Dicraprylyl Carbonate Market:
- Demetrix and Evonik, a worldwide speciality chemicals firm based in Germany, have announced a cannabis supply agreement for usage in beauty and personal care products. The first product, CBG (cannabigerol), will be available in 2022. This multi-year collaboration will focus on bringing cannabinoids to global markets, integrating Demetrix's established production expertise with Evonik's strong position as a sustainable specialties partner to the world's leading beauty and personal care brands.
Dicaprylyl Carbonate Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 81 million|
|Growth Rate||CAGR of 1.6 % during 2021-2028|
|Segment Covered||Product, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||BASF SE, Evonik Personal Care, Haihang Industry Co., Ltd., Sunjin Chemical, Yantai Aurora Chemical, and Sasol Chemicals, Hallstar, Isochem Company, Lonza Group Ltd amongst others.|
Key Segments of the Global Dicraprylyl Carbonate Market
Product Overview, 2022-2029 (USD Million)
Application Overview, 2022-2029 (USD Million)
- Skin Care Product
- Hair Care Product
- Sun Care Product
- Baby Care and Cleansing
Regional Overview, 2022-2029 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa