Insights from future market research:

Homosalate Market is expected to grow USD 197.6 million at a CAGR 6.3% during the forecast 2022–2030.

Homosalate, an organic substance that is a member of the salicylates chemical family, protects the skin from the sun’s damaging rays by specifically absorbing the short-wave UVB and UVA rays that are linked to DNA damage and an increased risk of skin cancer.

increasing demand for cosmetics and personal care items: The largest homosalate user is the cosmetics sector, which also generates the bulk of the chemical’s demand and is anticipated to dominate the worldwide market. In order to shield the skin from dangerous radiation, certain kinds of sunscreen and lip balm contain the chemical homosalate, which totally absorbs UV-B rays from the sun.

Homosalate is used to make pesticides, hypnotic medicines, and other medications, which are in higher demand. Standard body lotion, soap, anti-aging, acne, hair colour, and shampoo all contain homosalate.

Key players:

The following companies: Yue Yang Dong Run Chemical, Yue Yang Chemical Manufacturing Corporation, Ampak Company, ATK Chemical, and Natural Micron Chem Tech.

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Regional analysis:
 Due to the quick expansion of key end-use sectors like cosmetics, the US is currently the dominant country in North America. Asia-Pacific is anticipated to lead in the production and consumption of homosalate, with most of the consumption occurring in nations like China and India, due to the increased need for personal care products as a result of changing lifestyles and consumer preferences. Since more than half of the world’s population resides in the region, there is a huge need for medications, cosmetics, and personal care items.

It is anticipated that the Asia-Pacific region’s ongoing and rapid expansion in sectors like skincare and cosmetics care would increase demand for homosalate in the manufacture of a range of consumer goods. Furthermore, as the region’s cosmetics sector is likely to develop as a result of changing lifestyles and a growing population, the usage of homosalate as a crucial sunscreen production component is anticipated to boost sales. Homosalate Technological Assessment has become a crucial component for the development of the area because to the increasing demand from Asia-Pacific for improved personal care, cosmetics, and pharmaceutical goods. These and other factors have made the Asia-Pacific area crucial for the expansion of the homosalate industry. Consequently, the Asia-Pacific region’s expanding homosalate demand is increased.

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