Octocrylene is an organic compound used in sunscreens and cosmetics as an ingredient. It is an ester that is formed by the chemical reaction of 3, 3-diphenylcyanoacrylate with 2-ethylhexanol.
Octocrylene is a viscous, colorless, sticky, clear liquid. It serves as a protective compound against UV radiation in the skin and it also protects against direct damage to DNA. Sun-emitted UV radiation can be neutralized and skin damage caused by longer sun exposures can be mitigated by the application of sunscreens with Octocrylene as ingredient.
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Segmentation Analysis of Octocrylene Market
The global Octocrylene Market is bifurcated into four major segments: application type, purity, end use, and region.
On the basis of application type, Octocrylene market has been segmented as follows:
- Sun care
- Cosmetic products
On the basis of purity, Octocrylene market has been segmented as follows:
On the basis of end use, Octocrylene Market has been segmented as follows:
- Personal Care
On the basis of geographic regions, Octocrylene Market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
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COVID-19 Impact Insights of Octocrylene Market
COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe, flattening the global economic curve. This in result has disrupted almost every market and Octocrylene market has also been affected largely. Personal care and cosmetics sector was badly hit but the market would witness a V-shaped Rebound in the coming years. Usage of mask and gloves had impacted this industry as a result demand for these products declined a lot.
The market is expected to regain its growth once the things get back to normal. Strict lockdown measures taken by countries in the North-America and Europe region would impact this market at large as this region accounts for more than 40% of the global demand. However, these lockdowns were not properly implemented in many countries leading to a spike in the overall active cases in the region. It is almost a year since the first strain of COVID-19 was detected and now there are news stating that, the COVID-19 strain is mutating.
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