Octyl Methoxycinnamate Market: By End-User, Application, Regional Segment Analysis, 2014 – 2020
Octyl methoxycinnamate is an ester with slightly yellow oily liquid and insoluble in water. Octyl methoxycinnamate is formed by the reaction of methoxycinnamic acid with (RS)-2-ethylhexanol. Trade names for octyl methoxycinnamate are Uvinul MC80 and Eusolex 2292. Octyl Methoxycinnamate is widely used as UV-B filters with superior protection potential. UV-B are medium rays which are absorbed by ozone layer, their wavelengths range between 280-320m, severely affects the epidermal layer of the skin. It pervades up to the stratum basale, causing erythema generally known as sunburn. Octyl methoxycinnamate is a derivative of unsaturated fatty acid i.e. cinnamate acid, for the oxidative stability of the product an antioxidant like vitamin B or BHT is added to a cosmetic composition. Octyl methoxycinnamate is oil-soluble UV filter and easily discrete to the oil phase.
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The report provides a comprehensive view of the octyl methoxycinnamate market. We have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the octyl methoxycinnamate market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate, and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
Surging demand for skin care, generating awareness towards healthy skin is likely to drive the demand for octyl methoxycinnamate market. The increase in hectic lifestyle and pollution accounts to fuel the growth of octyl methoxycinnamate market. However, octyl methoxycinnamate is estrogenic and can cause other adverse effects on pregnant women and children. Furthermore, studies have shown that octyl methoxycinnamate penetrates into the skin resulting in a generation of free radicals, which are harmful to the body. Due to these ill effects, the octyl methoxycinnamate market growth is hampered. Nevertheless, octyl methoxycinnamate is compatible with wide range of cosmetics and has a high dissolving property which is likely to open the new avenue for the octyl methoxycinnamate market.
Skincare is the leading segment of the personal care industry owing to the wide range of skin care products like sun care products, body lotions and face creams among others. Geographically, octyl methoxycinnamate market has been segmented into North America, Middle East, Asia, Africa, Latin America. India, China, and Latin America are dominating the octyl methoxycinnamate market due to rise in disposable income and change in lifestyle. European countries and U.S. witness good growth during the forecast period due to increase in demand for octyl methoxycinnamate.
Some of the key participants in octyl methoxycinnamate market include Zymo Cosmetics, Akema Fine Chemicals, Salicylates and Chemicals Pvt. Ltd, EMD Chemicals Performance Materials, Universal Esters Ltd, Ashland Inc and Allan Chemical Corp among others.
The report segments of the octyl methoxycinnamate market into:
Octyl Methoxycinnamate Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East & Africa
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