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Oxo-octyl Acetate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Oxo-octyl acetate is a colorless, clear, and oily liquid used in cosmetic products such as sunscreen and skin creams. Oxo-octyl acetate is produced by the reaction between ethylene oxide and phenol at elevated pressure and temperature. It has intermediate water solubility and exhibits moderate evaporation rate. Oxo-octyl acetate is a used as a solvent in pesticides. It is also used simultaneously with ammonium compounds as substitute for sodium azide due to its less toxic properties. Additionally, oxo-octyl acetate is non-reactive with lead and copper. It is used in numerous applications such as vaccines, cosmetics, and pharmaceutical products as preservative. Oxo-octyl acetate is necessary to enhance the shelf life of cosmetics and personal care products. It can also be used as an alternative to potentially harmful formaldehyde-releasing preservatives. The activity of the preservative oxo-octyl acetate is effective in inactivating gram-positive and gram-negative microorganisms and yeast.  

Oxo-octyl acetate is used in biological active agents such as bactericides, preservatives, fungicides, germicides, and insect repellents. It is also used as an anesthetic agent. Oxo-octyl acetate is employed in paints and coatings to improve fluidity, intensity, and luster; and reduce film forming temperature. Additionally, oxo-octyl acetate is used in perfumes as a fixative. It is also used as a solvent for inks, resins, dyes, and pharmaceuticals. It is also employed in organic synthesis. Oxo-octyl acetate is listed as an ingredient for vaccines in the U.S., the EU, and Japan. Furthermore, it is used as a solvent for nitrocellulose, waxes, oils, and some resins.

Expansion of the cosmetics industry is expected to increase the consumption of oxo-octyl acetate. Increase in standard of living, rapid urbanization, and rise in per capita income in emerging economies of Asia Pacific and Latin America are expected to boost spending on cosmetics and personal care products. Oxo-octyl acetate is popular as it is less toxic and offers an extensive spectrum of antimicrobial activity. It is approved by the FDA for use in the cosmetics industry. However, availability of substitutes and stringent government regulations could hamper market growth. The future of preservatives in the cosmetic industry is anticipated to be shaped by regulatory issues and consumer perception.

Asia Pacific is projected to a rapidly growing market for oxo-octyl acetate due to the increasing demand for cosmetics and personal care products in the region. India and China are likely to be the key consumers of oxo-octyl acetate due to the presence of an established cosmetics industry in these countries. The Republic of Korea, Japan, Taiwan, Malaysia, and Indonesia are other prominent consumers of oxo-octyl acetate in Asia Pacific. Furthermore, the market in emerging economies in Latin America and the Middle East is anticipated to exhibit incremental growth in the near future. Europe and North America are mature markets; hence, the market for oxo-octyl acetate in these regions is anticipated to expand at a moderate pace during the forecast period. 
The oxo-octyl acetate market is dominated by large and medium chemical and materials companies. Key players operating in the market include BASF, The Dow Chemical Company, E. I. du Pont de Nemours and Company, N V Organics Pvt. Ltd, Triveni Interchem Private Limited, Hangzhou Uniwise International Co., Ltd, Zhejiang Weishi 
Biotechnology Co., Ltd., Liaoning Kelong Fine Chemical Co., Ltd., Yingkou Tanyun Chemical Research Institute Corporation, Eastman Chemical Company, Chemsynth Corporation, and Mitsubishi Chemical. 

Companies are investing in research and development to manufacture superior grades of oxo-octyl acetate. Furthermore, companies are adopting aggressive marketing strategies to enhance their market share and remain competitive.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 


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