Cocamine Oxide Market Size, Share, Growth, And Industry Analysis, By Type (Industrial Grade, Food and Beverage Grade), By Application (Foaming Agents, Surfactants, Cleaning Agents, Others), Regional Insights, and Forecast From 2024 To 2031

Cocamine Oxide Market Report Overview

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The global cocamine oxide market size was 248 million in 2020 and is expected to reach USD 362.5 million by 2031, exhibiting a CAGR of 3.5% during the forecast period.

Cocamine oxide, a tertiary amine oxide, is a viscous liquid that ranges in colour from white to pale yellow. In the cosmetics sector, it serves as a foam booster and stabilizer. They are utilized in anionic-based systems, such as hand washing solutions, shampoos, body washes, and other personal care products, to offer superior viscosity enhancement and foam stabilization. They serve as wetting, thickening, and lubricating agents. Dihydroxyethyl Cocamine Oxide is a surfactant that is utilized in personal care products as a foaming and washing agent. When used to soaps and shampoos, it helps produce a stable foam because it is derived from coconut. Additionally, it helps soften leather by lowering surface tension.

The rise in demand for surfactants and foaming agents across a variety of end-use sectors, including cosmetics, cleaning products, and others, is responsible for the market's expansion. Additionally, the global demand for cosmetic grade dihydroxyethyl cocamine oxide is being driven by the rising awareness of personal cleanliness. Due to the significant consumption of surfactants and foaming agents in numerous end-use industries, including cosmetics, cleaning products, and others, North America controls the majority of the global market for dihydroxyethyl cocamine oxide.

COVID-19 Impact: A halt in agricultural business was caused by a lack of labour and travel restrictions

The COVID-19 pandemic has been unprecedented and staggering, with the cocamine oxide market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic has caused the biggest humanitarian crisis since World War II. While governments work to curb it, the virus has spread worldwide and the number of cases is rising daily. On the other hand, the COVID-19-induced lockdown cost money and had a ripple impact on society. A significant economic shock resulted from the lockdown. It forced companies across all industries to entirely shut down, which put an end to the economy. Agriculture was exempt from the lockdown, but even so, the early stages of the shutdown significantly impacted the agriculture value chain. The world economy is significantly harmed by this factor. The coronavirus pandemic has caused a sizable reverse migration from urban to rural areas in a number of rural regions. Many nations, especially those with labor-intensive industries, are experiencing a labor crisis as a result of lockdowns and limitations on cross-border migration. For instance, the number of workers available for the fruit and vegetable industry has been significantly reduced in a number of European countries as a result of recently enforced travel restrictions inside the European Union and the closure of the Schengen Area.

Latest Trends

"Market will be driven by an increase in the use of cocamine oxide in cosmetic and pharmaceutical applications"

Numerous cosmetic and medicinal items, including foot powders, cosmetics, bath soaps, and infant lotions, contain cocamine oxide as a significant component. Sunburn, early skin ageing, and UV light protection are all prevented by using items like sunscreen, antiseptic ointments, and calamine lotions. Additionally, it is a component of items like diaper rash ointments that protects the skin. Fatty nitriles, which are created when two water molecules are removed from a reaction involving fatty acids, triglycerides, or fatty esters and ammonia at high temperatures in the presence of alumina, silica gel, or iron-based catalysts, among others, can be converted into fatty amines by hydrogenating them. Agrochemicals, chemical processing, personal care products, oilfield chemicals, and other industries frequently use them. The majority of them work in the agricultural sector. The growth of this company may be attributed to two factors: the dearth of arable land and the rise in demand for nutritious, high-quality food on a global scale.

Cocamine Oxide Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into industrial grade, food and beverage grade. Industrial grade is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into foaming agents, surfactants, cleaning agents, others. Foaming agents will be the dominating segment.

Driving Factors

"Market will be driven by rising demand for cobalt oxide in the paint and coatings sector"

Cocamine oxide, sometimes referred to as Chinese white, is a white pigmentIt aids in stain-blocking, corrosion inhibition, mildew resistance, water resistance, and colour retention in paints. It also absorbs UV rays. In addition, it balances damaging acids, toughens film, and enhances biocidal and durability qualities. During the forecast period, the market will experience growth due to the rising demand for paints and coatings around the world.

"Increasing demand across industries for amine oxides fuel the market growth"

The personal care industry's rising need for mild surfactants is anticipated to drive market expansion. A common ingredient in household cleaning goods, amine oxides in personal care products provide improved effectiveness at high temperatures. Amino oxides are surface active substances used as stabilizers, emollients, thickeners, and conditioners. These are employed to reduce water's surface tension, increasing wetting, foaming, emulsifying, cleaning, etc. of surfaces. Increased demand for household cleaning supplies. A considerable presence of amine oxide in agricultural adjuvants and oil field chemicals can be attributed to its adaptability to operate at a range of temperatures and pressures. Over 40% of overall demand in 2014 was accounted for by foaming agents, the largest application category in the worldwide dihydroxyethyl cocamine oxide market. Over the forecast period, demand is expected to be driven by the growing use of foaming agents to create foam for a variety of products, including shaving creams, toothpaste, and hand wash solutions. Due to their increasing use as cleaning agents in home cleaners and industrial formulations like emulsifiers, dispersants, and wetting agents, surfactants are predicted to be one of the market categories with the highest growth. Over the next eight years, growth will be fueled by the usage of surfactants as foaming or wetting agents, which also play a crucial role in the polymerization process during the creation of polyolefins.

Restraining Factors

"Risky Amine Properties Could Limit Market Growth"

Aliphatic amines pose less of a threat from imports because they are dangerous by nature if improperly handled during shipping. These materials can only be transported a certain amount of distance since the transfer of them requires the use of specialized trucks. Due to the high freight costs, imports are not competitive. Significant inventory levels are not feasible due to the high shipping costs and hazardous nature of the chemical. This factor is predicted to slow market expansion.

Cocamine Oxide Market Regional Insights

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"Asia Pacific is expected to be the largest and fastest-growing regional market "

Over the course of the forecast, Asia Pacific is expected to be the largest and fastest-growing regional market. This region is expanding as a result of rising product demand from a variety of industry segments, including personal care, surfactants, cleaning agents, and others. Due to its significant industrial sector, China is expected to continue to be a significant consumer in this area.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP COCAMINE OXIDE COMPANIES

• Solvay (Belgium)
• Kao Chemicals (Japan)
• Stepan Company (U.S.)
• Clariant (U.S.)
• Pilot Chemical (U.S.)
• Akzonobel (Netherland)
• Lonza Group (Switzerland)
• New Japan Chemical (Japan)
• Universal Preserv-A-Chem (UPI) (U.S.)
• Airproduct (U.S.)
• Victorian Chemical Company (Australia)
• Tianjin Tianzhi Fine Chemical (China)
• Hangzhou Top Chemical (China)
• Daxiang Chemical (Japan)
• Xuejie Chemical (China)
• Jinshan Jinwei Chemical (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.