Press Release

Global Squalane Market is Expected to Reach 163 Million USD by 2024

Date : Oct 21, 2018

New report published by Global QYResearch which offers insights on the global squalane market. The global squalane market is valued at USD 94.07 million in 2017 and is expected to reach USD 162.74 million by the end of 2024, growing at a Growth Rate of 8.15% between 2017 and 2024.

Global Squalane Market: Market Driver and Restraint

Squalane is of a molecular formula C30H62 and has a specific stereochemical conformation. Squalane is traditionally sourced from shark liver or refined olive oil. It is highly sought after by formulators, due to its emollient properties. It is a high-end moisturizing ingredient used as an emollient in cosmetics and other personal care products, and it is a high value, clear oil compound used in pharmaceuticals, specialty lubricants etc.

From the 1960s, Japan played a pioneering role in the industrial production of shark squalene and its use in cosmetics. The Japanese company Kishimoto Special Liver Oils thus became world leader in the production of shark squalene and squalane, and the world’s greatest buyer of crude shark liver oil.

Currently, Amyris, Sophim, Kishimoto, EFP, VESTAN, Maruha Nichiro and Clariant are major manufacturers of this industry. Engineered microbes in Amyris’ Brazil-based fermentation facility produce farnesene and byproducts such as squalene from up to two million tons of crushed sugarcane per annum. Neossance Squalane has been an important beachhead product for Amyris and for the use of syn bio-derived ingredients in cosmetics.

Global Squalane Market: Key Takeaways

This report studies the Squalane market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2019-2024; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Global Squalane Market: Forecast by Application

Squalane is used as a spreading agent in cosmetic products and produces a pleasant, silky feeling on the skin. It is used in the hair-care industry as it is ideal for light, natural products such as conditioners. It helps to regenerate the skin’s lipid barrier. Its derivative squalane is a natural component of skin and a good emollient that has antioxidant and immune-stimulating properties.

Global Squalane Market: Forecast by Form

Squalane is a light and stable version of olive oil squalene, hydrogenated to make it stable and non-oxidative. Global squalane sale was 4251 metric tonnes (MT) in 2017. Of that, 2847 MT is produced frome phyto squalane, 855 MT from shark liver, and 549 MT from synthetic squalane. While large scale extraction of squalane from shark livers has been roundly condemned by marine protection organizations, the now more common sourcing of squalane from olive farms would seem to be an overall beneficial move for both agroecological landscapes and Mediterranean farming communities.

Global Squalane Market: Forecast by Region

North America squalane market is estimated to be valued at 50.62 Million USD in 2017, and projected to expand at a CAGR of 10.77% over the forecast period to reach value of 103.6 million USD by 2024.North America plays an important role in global squalane market, especially United States, which has great influence on the development of squalane. The Europe market developed quickly in the past few years and will keep the trend in the few years, it was 17.09 Million USD in 2017 and will reach 28.41 million USD in 2024.

Global Squalane Market: Key Players

Kishimoto, EFP, VESTAN, Maruha Nichiro, Arista Industries, Amyris, Sophim, Croda, Nucelis LLC, Caroiline, Clariant, The Innovation Company, Henry Lamotte OILS GmbH, Kuraray, NOF Group, Ineos, are the key vendors included in this report.

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