Global ethylhexane diol market is projected to register average single-digit CAGR over the forecast period
The chemical production output is expected to have medium impact on the ethylhexane diol market in the forecast period. The ethylhexane diol is most commonly used in hair care products and cleansers. Interestingly, higher amounts of these ingredients are sometimes used as an insect repellant. The ethylhexane diol is a colorless, slightly viscous liquid that is used in the formulation of hair tonics, dressings, and other hair grooming aids, and cleaning products. The rising demand for hair care products increases the production and escalates the need for ethylhexane diol for the manufacturing of hair tonics and solutions. The leading manufacturer in ethylhexane diol market is targeting emerging economies, such as China and India, due to extensive use of cosmetics and repellent products in these economies.
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Cosmetics products matter to consumers and are held in high regards
Per capita expenditure on cosmetics and personal care products by the population have been valued at approximately US$ 27, and this number is expected to increase by over 2.5 times by 2030 end. Possible factors attributing to this growth include urbanization and increasing awareness towards the use of hair care products. The growing hair care industry and rising consumer spending will anticipate the growth of ethylhexane diol market. The rising demand for hair care and hair styling products leads to tremendous opportunities for ethylhexane diol manufacturer and also fuels the global ethylhexane diol market in the forecast period.
Increasing demand for repellents escalates the growth of global ethylhexane diol market
The increased literacy level and awareness of diseases caused by pesticide to human health are pushing consumers towards repellents products. The increasing incidence of mosquito-borne diseases such as dengue, malaria, filariasis, yellow fever, zika virus and chikungunya is resulting in the rising demand for mosquito repellents. The growing health concerns and increased household income is driving the mosquito repellent market. The demand for mosquito repellent is expected to rise rapidly due to spreading awareness in the rural parts of the Asian markets, such as India and China, and leads to increase the demand for ethylhexane diol in the forecast period.
The factor restraints the growth of ethylhexane diol market could be an inadequate distribution network in rural markets.
Ethylhexane Diol Market Segmentation
Global ethylhexane diol market can be segmented on the basis of application & end-use industry.
On the basis of application, ethylhexane diol market is segmented as:
- Hair Tonics
- Cleaning Product
- Mosquitos Repellent
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On the basis of end-use industry, ethylhexane diol market is segmented as:
- Electronic Chemical
Ethylhexane diol Market Regional Outlook
The global ethylhexane diol market is segmented into six regions including North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa (MEA). Among the above-mentioned regions, East Asia and South Asia accounted for majority of the market share under the global ethylhexane diol market owing to high adoption of ethylhexane diol within cosmetics and pharmaceutical industry.
In addition, presence of majority of the key players along with increasing production capacities of ethylhexane diol also drives the regional ethylhexane diol market. Furthermore, Europe is projected to showcase moderate growth in the global ethylhexane diol market. Moreover, North America is expected to hold significant market share till 2029 owing to well-established pharmaceutical industry coupled with the presence of various key players in the ethylhexane diol market.
Ethylhexane diol Market Key Players
Ethylhexane diol market is characterized by high degree of competition and the market is dominated by regional players. Established players and new investors are focusing on promotional activities to increase awareness and use of ethylhexane-diol-based products. A few multinational companies dominate the ethylhexane diol market but growing demand from developing countries has changed the dynamics of the market. The key players in the ethylhexane diol market are mentioned below.
- Dow Chemicals
- USA Chemical Supplier
- Eastman Kodak Company
- Arkema Chemicals
- The Good Scents Company
- Dixie Chemical
- Tokyo Chemical Industry Co., Ltd.
- Elan Chemical Company
- ICC Chemical Corporation
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