QYResearch: The global Octyl Methoxycinnamate market is expected to reach 155.67 USD million by the end of 2022

Octyl Methoxycinnamate, trade names Eusolex 2292 and Uvinul MC80, is an organic compound that is an ingredient in some sunscreens and lip balms. It is an ester formed from methoxycinnamic acid and (RS)-2-ethylhexanol. It is a clear liquid that is insoluble in water.

The chemical is an organic compound formed from methoxycinnamic acid and 2-ethylhexanol. When mixed together, they form a clear liquid. It can absorb UV-B rays from the sun but does not protect against UV-A rays. Both types of rays are dangerous to humans, and other ingredients may be included in sunblocks and lip balms to offer full protection.

The large downstream demand for Octyl Methoxycinnamate has been and still remains fairly stable. Production of Octyl Methoxycinnamate increased from 12867 MT in 2012 to 22328 MT in 2016 globally.

North America ranks the first in terms of production volume of Octyl Methoxycinnamate, consists of 29.59% the global market in 2016; China and Europe come the second and the third places, consist of 37.08% and 15.36% of the global market respectively in the same year.

MFCI ranks the first in terms of production volum, occupies 22.55% of the global Octyl Methoxycinnamate market in 2016; While, Spectrum Chemical, with a market share of 12.35%, comes the second; All the other manufacturers not listed in this report together consist of approximately 36.49% of the global market in the same year.

According to the QYR forecast, In the next five years, the global consumption of Octyl Methoxycinnamate will show upward tendency further, consumption is expected to be about 37722 MT by 2022. Global Octyl Methoxycinnamate market size will reach about 155.67 Million USD by 2022, with an average growth rate of 10.5% annually from 2012 to 2017, the average growth rate annually from 2016 to 2022 will be approximately 7.21%. Despite the presence of fierce competition and the trend of price decrease, due to the stable demand，together with the development of the related industries. Investors are quite optimistic about this industry. There will be more new investors entering this field in the near future. 

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