Global Octyl Methoxycinnamate Market Growth 2023-2029

Global Octyl Methoxycinnamate Market Growth 2023-2029

This report studies the Octyl Methoxycinnamate market, Octyl Methoxycinnamate, trade names Eusolex 2292 and Uvinul MC80, is an organic compound that is an ingredient in some sunscreens and lip balms. It is an ester formed from methoxycinnamic acid and (RS)-2-ethylhexanol. It is a clear liquid that is insoluble in water.

The chemical is an organic compound formed from methoxycinnamic acid and 2-ethylhexanol. When mixed together, they form a clear liquid. It can absorb UV-B rays from the sun but does not protect against UV-A rays. Both types of rays are dangerous to humans, and other ingredients may be included in sunblocks and lip balms to offer full protection.

Safety concerns over octyl methoxycinnamate arise from the possibility that the chemical may break down and absorb into the user's skin when it comes into contact with sunlight. Chemical reactions that occur then happen underneath the protective barrier a person's skin provides and may be absorbed into the body. This may lead to temporary problems such as skin irritation or long-term problems such as increasing the user's risk of developing cancer and causing the skin to age more quickly.

Though tests have been performed, no conclusive evidence has been found and it is uncertain what the exact effects of octyl methoxycinnamate are. More research is needed to determine whether or not the chemical poses a risk when used in products applied to the skin. Until then, users can try other methods to protect themselves against the sun and check the ingredients in the sunscreens and lip balms they use.

LPI (LP Information)' newest research report, the “Octyl Methoxycinnamate Industry Forecast” looks at past sales and reviews total world Octyl Methoxycinnamate sales in 2022, providing a comprehensive analysis by region and market sector of projected Octyl Methoxycinnamate sales for 2023 through 2029. With Octyl Methoxycinnamate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Octyl Methoxycinnamate industry.

This Insight Report provides a comprehensive analysis of the global Octyl Methoxycinnamate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Octyl Methoxycinnamate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Octyl Methoxycinnamate market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Octyl Methoxycinnamate and breaks down the forecast by assay, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Octyl Methoxycinnamate.

The global Octyl Methoxycinnamate market size is projected to grow from US$ 149.3 million in 2022 to US$ 212.7 million in 2029; it is expected to grow at a CAGR of 212.7 from 2023 to 2029.

North America ranks the first in terms of production volume of Octyl Methoxycinnamate, consists of 29% the global market. China and Europe come the second and the third places, consist of 37% and 15% of the global market respectively in the same year.

MFCI ranks the first in terms of production volum, occupies 22% of the global Octyl Methoxycinnamate market. While, Spectrum Chemical, with a market share of 12%, comes the second.

This report presents a comprehensive overview, market shares, and growth opportunities of Octyl Methoxycinnamate market by product assay, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by assay

95.0%-98.0% (Including 98.0%)

98.0%-99.0% (Including 99.0%)

More than 99.0%

Segmentation by application

Sunscreen

Hair Products

Lip Stick

Nail Polish

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Spectrum Chemical

MFCI

AIC

Universal Esters

Shandong OML Chem

Key Questions Addressed in this Report

What is the 10-year outlook for the global Octyl Methoxycinnamate market?

What factors are driving Octyl Methoxycinnamate market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Octyl Methoxycinnamate market opportunities vary by end market size?

How does Octyl Methoxycinnamate break out assay, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.