Octanoyl hydroxamic acid is widely used in the field of cosmetics, and economic growth in appearance will boost its market development.
Capryloyl hydroxamic acid (CHA), also known as octanoyl hydroxamic acid, octyl hydroxamic acid, etc., is a coconut oil derivative that can chelate with metal ions to form stable chelates. In the early days, octanoyl hydroxamic acid was mainly used as a chelating collector, antioxidant, etc., and was used in fields such as ore flotation and medicine. Later, with the deepening of research, octanoyl hydroxamic acid was found to be mild, non-irritating, non-allergenic, Safety, environmental protection, excellent antibacterial properties and other properties have attracted widespread attention from cosmetic brands.
In the field of cosmetics, capryloyl hydroxamic acid has excellent compatibility and can be used in combination with low-irritation substances such as ethylhexylglycerin, propylene glycol, phenoxyethanol, and glyceryl caprylate. It is widely used in gels, lotions, shampoos, and sunscreens. Cream, lipstick, eye shadow, shower gel, essence, cream and other daily chemical products. The American company Indis was the first company to launch a series of octanoyl hydroxamic acid cosmetics. Later, with the development of the market, Johnson & Johnson, Unilever and other companies also joined this track.
According to the “2022-2027 China Octanoyl Hydroxamic Acid Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center It shows that under the beauty economy, consumer demand in the cosmetics market is growing, which in turn drives the development of the octanoyl hydroxamic acid industry. In 2021, the global octanoyl hydroxamic acid market will be approximately US$15.3 million. The application of octanoyl hydroxamic acid in the cosmetics field is increasingly expanding, and the future industry prospects are good. It is expected that the global octanoyl hydroxamic acid market will grow to US$20 million in 2027.
Globally, the octanoyl hydroxamic acid consumer market is mainly concentrated in North America, Europe and the Asia-Pacific region. In recent years, with the rise of emerging economies, the octanoyl hydroxamic acid market in the Asia-Pacific region has grown rapidly. Within this region, there are also The growth rate is the most significant in China. At this stage, my country has become the second country that uses octanoyl hydroxamic acid in cosmetics, with the number of products second only to the United States.
In the international market, suppliers of octanoyl hydroxamic acid include South Korea’s Daedal Industrial Co., Ltd, India’s Novaphene, and the United States’ Index Corporation, etc. my country is a major producer of octanoyl hydroxamic acid. In 2021, the output of my country’s octanoyl hydroxamic acid industry was approximately 315.0 tons, accounting for approximately 84% of global production. Domestically, suppliers of octanoyl hydroxamic acid include Yantai Dongfang Chemical, Beijing Tianhong Tianda, Hunan Hecheng Pharmaceutical, Guangzhou Aizhuo Biotechnology, etc. Among them, Guangzhou Aizhuo Biotechnology has a leading position in the market of octanoyl hydroxamic acid for cosmetics. Thousands of customers, occupying more than 50% of the domestic market share.
Industry analysts said that as a cosmetic raw material, octanoyl hydroxamic acid is safe, non-irritating, bacteriostatic, environmentally friendly and compatible With its good characteristics, it is increasingly used in the field of cosmetics. my country is a major producer and consumer of octanoyl hydroxamic acid and occupies an important share in the international market. Under the beauty economy, the growth of cosmetics market consumption will bring broad growth space to the octanoyl hydroxamic acid market.