What is Global Polyglyceryl-4 Caprate Market?
The Global Polyglyceryl-4 Caprate Market is a specialized sector within the larger chemical industry. Polyglyceryl-4 Caprate is a type of ester made from capric acid and polyglycerin-4. It's a versatile ingredient used in a variety of products, particularly in the personal care and cosmetics industry. This market is a significant one, with a global value of US$ 18 million in 2022. It's projected to grow steadily, reaching an estimated value of US$ 25 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2029.
Plant-derived Product, Synthetic Product in the Global Polyglyceryl-4 Caprate Market:
The Global Polyglyceryl-4 Caprate Market is divided into two main product types: plant-derived and synthetic. The plant-derived product is the more dominant of the two, accounting for 86% of the market. This is likely due to a growing consumer preference for natural and eco-friendly ingredients. The synthetic product, on the other hand, makes up the remaining 14% of the market. The leading manufacturers in this market are Evonik Industries and Oleon, who together hold approximately 70% of the market share. The market is geographically diverse, with Asia Pacific, Europe, and North America being the major players, holding 38%, 28%, and 24% of the market share respectively.
Personal Care, Cosmetic in the Global Polyglyceryl-4 Caprate Market:
The primary applications of Polyglyceryl-4 Caprate are in the personal care and cosmetics sectors. In the personal care sector, it's used in products like lotions, creams, and cleansers due to its emollient and skin-conditioning properties. This sector accounts for a significant 81% of the market. The remaining 19% is attributed to the cosmetics sector, where Polyglyceryl-4 Caprate is used as a texture enhancer and emulsifier in products like foundations, lipsticks, and eyeshadows.
Global Polyglyceryl-4 Caprate Market Outlook:
To recap, the Global Polyglyceryl-4 Caprate Market was valued at US$ 18 million in 2022 and is expected to reach US$ 25 million by 2029, growing at a CAGR of 4.8% during the forecast period 2023-2029. The market is dominated by two main manufacturers, Evonik Industries and Oleon, who together account for about 70% of the market share. The market is geographically spread across Asia Pacific, Europe, and North America, with shares of 38%, 28%, and 24% respectively. The product is predominantly plant-derived, accounting for 86% of the market, with synthetic product making up the remaining 14%. The primary applications of Polyglyceryl-4 Caprate are in the personal care and cosmetics sectors, with shares of 81% and 19% respectively.
| Report Metric | Details |
| Report Name | Polyglyceryl-4 Caprate Market |
| Accounted market size in 2022 | US$ 18 in million |
| Forecasted market size in 2029 | US$ 25 million |
| CAGR | 4.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Evonik Industries, Oleon, Hydrior AG, Jover Scientech |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
