#Octyl #Salicylate #Market #Size #Worth #Billion
Portland, OR, Oct. 16, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global octyl salicylate market was estimated at $1.1 billion in 2021 and is expected to hit $1.8 billion by 2031, registering a CAGR of 5.4% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1.1 Billion |
| Market Size in 203 | $1.8 Billion |
| CAGR | 5.4% |
| No. of Pages in Report | 200 |
| Segments Covered | Type, Application, and Region. |
| Drivers | Increase in use of octyl salicylate in fragrances, sunscreens, UV light absorbers, denaturants, and flavorings |
| Opportunities | Growth of the personal care & cosmetics industry |
| Restraints | Moderate toxicity associated with octyl salicylate |
Covid-19 Scenario-
- The Covid-19 pandemic had negative impact on the manufacture of cosmetics and sunscreen, as well as on the import and export of chemicals, such as octyl salicylate. This, in turn, impacted the market negatively.
- However, on the other hand, the pandemic had positively impacted consumer preferences and societal behavior regarding sun protection and skin cancer, which boosted the demand for octyl salicylate in cosmetics and sunscreens applications.
The global octyl salicylate market is analyzed across type, application, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit…
Read on GNW: Octyl Salicylate Market Size Worth $1.8 Billion by 2031 |
