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Octocrylene is an ester of diphenylcyanoacrylate and 2-ethylhexanol formed by condensation process. The organic compound is a colorless, oily and viscous liquid. Octocrylene is primarily used in the sunscreens owing to its skin moisturizing properties. Octocrylene can neutralize UV radiation emitted by sun and minimizes skin damage caused by prolonged sun exposure. The compound is approved by various regulatory organizations across the globe; however its concentration is limited to 10-12% in any formulation. It is not used to protect face and arms. It is widely used in the products such as BB cream, CC cream, hair spray, conditioner and tannin oil. 

Rising demand for cosmetics and sunscreens due to increased incidences of skin cancer is expected to drive the octocrylene market. Due to changing environment globally and increasing awareness about the skin cancer, consumer groups are turning towards sunscreens. Octocrylene is an important and indispensable component due to its advantageous properties. With the increase in the sunscreen and cosmetics industries worldwide, demand for octocrylene is anticipated to expand at a significant growth rate. 

However, octocrylene can penetrate through skin, where it acts as a photo sensitizer. Upon illumination, the compound induces production of free radicals. Free radicals are inducers of DNA damage and can lead to cancer. 

Asia Pacific held the small share in the global octocrylene market; however it is expected to be the fastest growing market in the next few years. The major reason for this is increased health awareness and the growing demand of octocrylene in cosmetics in developing Asian countries such as India, China, Malaysia, Indonesia and Thailand. Additionally, the increased demand for cosmetics from middle class population in developing countries which is growing at a significant rate is eventually resulting in an increase in the overall customer base. Furthermore, the rapid economic development of these countries and increased disposable income of the citizens of these countries has led to further escalation of the total customer base in these countries for applications in a wide variety of cosmetics products. Owing to tropical zone, the demand for sunscreen products and indirectly octocrylene based products is expected to grow at a considerable rate in the next few years. This will ultimately generate a huge demand for octocrylene in other tropical nations. In addition to this, the developed regions across the U.S. and European countries are progressively recovering from the sluggish economic conditions. North America held the largest share in global octocrylene market in terms of consumption. High expenditure on personal hygiene and increased awareness about skin cancer in the region, demand for octocrylene is expected to grow at extensive rate in the next few years. Europe followed North America in terms of consumption and is expected to grow at moderate pace during the next few years. Considering this outlook, the demand for different types of sunscreen products is expected to record an outstanding growth in the next few years. 

Global octocrylene market is moderately fragmented with major players dominating the local market. The major players operating in the cosmetic products industry are primarily focusing on the tropical countries for tapping their vast market potential. These companies are installing production facilities in the developing countries to fulfill the quickly rising demand for octocrylene. Players adopt establishment of umbrella brand as a marketing strategy to maintain their market share. Few key players in octocrylene market include Frutarom Ltd., Novacap among others. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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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Octocrylene Market

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