Global 2-hydroxyoctanoic acid market, 2024-2030

2-hydroxyoctanoic acid (CAS 617-73-2) is a hydroxy fatty acid that is caprylic (octanoic) acid. It derives from an octanoic acid.it is alos known as alpha-hydroxycaprylic acid (Alpha Hydroxy acids (AHA's)).It is used as cosmetic agent specially for skin condition.It has several uses in personal care product like shampoo, perfumes, soaps, lotions, toothpastes, makeup and as a fragrance modifier etc. It occurs in white crystalline flakes not soluble in water.

2-hydroxyoctanoic acid which containing alfa hydroxy acid (AHA) use for consumer, salon, or medical, depending on the concentration and acidity value. This is also use as a skin cleanser. This compound help reduce skin wrinkling, even skin tones and soften and smoothe the skin. AHAs as used in cosmetics may function as exfoliants which act on skin surface to remove the dead surface cell and improve the skin appearance.

The global 2-hydroxyoctanoic acid market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global 2-hydroxyoctanoic acid market is growing at a fast pace and increasing its geographical footprint rapidly. The global 2-hydroxyoctanoic acid market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

The major growth driver for 2-hydroxyoctanoic acid market globally is the increases the awareness of beauty products to improve the personal appearance. This leads torapid expansion of personal care industry,use of cosmetics for beauty parlor, salon, spa due to increasing population and their purchasing power.

2-hydroxyoctanoic acid enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of 2-hydroxyoctanoic acid market globally. The companies that lead global 2-hydroxyoctanoic acid market are Avantor, Bio-Rad Laboratories, and so on.

Research Methodology

The research procedure begins with the bifurcation of various market segments of the global 2-hydroxyoctanoic acid market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across 2-hydroxyoctanoic acid industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global 2-hydroxyoctanoic acid industry dynamics
• Estimation of the present global 2-hydroxyoctanoic acid market size in terms of value and volume
• Global 2-hydroxyoctanoic acid market breakup based on type and application
• Substantiated global 2-hydroxyoctanoic acid market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global 2-hydroxyoctanoic acid industry value chain