2-Ethylhexyl 4-methoxycinnamate, as an important organic compound, plays a crucial role in the fields of sun protection and multiple industrial sectors. The development trend of its foreign trade market has attracted much attention.
2-Ethylhexyl 4-methoxycinnamate, also known as OMC, is an ultraviolet sunscreen agent with excellent performance. It can effectively absorb UVB rays and prevent skin from getting sunburned. It is widely used in sunscreen cosmetics, such as sunscreens, lotions and other products, with a usual dosage of around 3% – 5%. According to the research by QYResearch, the global market value of 2-ethylhexyl 4-methoxycinnamate reached 100 million yuan in 2018 and is expected to increase to 200 million yuan in 2025, with a compound annual growth rate (CAGR) of 2.3%.
In the global market, Europe is the largest consumer market for 2-ethylhexyl 4-methoxycinnamate, accounting for more than 40% of the market share. Followed by the Chinese and American markets, which together account for more than 50% of the share. From the perspective of production, the major global producers include BASF, Ashland, DSM and so on. These large enterprises occupy a relatively large share of the global market for 2-ethylhexyl 4-methoxycinnamate. The top three global manufacturers together account for more than 65% of the market share.
In the Asian region, especially in China, remarkable achievements have been made in the production and export of 2-ethylhexyl 4-methoxycinnamate in recent years. Relying on their advanced production technologies and cost advantages, relevant Chinese production enterprises have been continuously expanding their market shares in the global market, and their products have been exported to many regions such as Europe, America and Southeast Asia. For example, KESHI Co., Ltd., as one of the important Chinese producers of 2-ethylhexyl 4-methoxycinnamate, has already entered the international mainstream market system. Its major clients include large multinational cosmetics companies such as DSM, Beiersdorf, Procter & Gamble and L’Oréal.
However, at around 7 p.m. on December 28, 2023, a serious fire broke out at Chemspec Company located in the Taloja Industrial Zone on the outskirts of Mumbai, India. Many mainstream sunscreen raw material products produced by this company, including 2-ethylhexyl 4-methoxycinnamate, are in direct competition with the sunscreen agent business of KESHI Co., Ltd. This fire may have an impact on Chemspec’s production capacity, and then may cause some orders to flow to other manufacturers, which is expected to bring changes to the competitive pattern of the global sunscreen market.
From the perspective of trade policies, with the enhancement of global environmental awareness, the supervision of cosmetics and related chemicals in various countries has become increasingly strict. As a raw material for cosmetics, export enterprises of 2-ethylhexyl 4-methoxycinnamate need to closely follow the regulatory changes in different countries and regions to ensure that their products comply with relevant standards, such as the REACH regulations of the European Union. In terms of tariffs, the tariff policies of different countries and regions will also affect the trade costs and market competitiveness of 2-ethylhexyl 4-methoxycinnamate.
In the future, with the continuous growth of the global sunscreen cosmetics market and the continuous expansion of the application of 2-ethylhexyl 4-methoxycinnamate in other fields, the demand in its foreign trade market is expected to further expand. Relevant enterprises should strengthen technological research and development, improve product quality and production efficiency to cope with the increasingly fierce market competition. Meanwhile, enterprises also need to pay attention to market dynamics and policy changes, reasonably plan production and sales strategies, expand their international market shares and promote the stable development of the foreign trade business of 2-ethylhexyl 4-methoxycinnamate.
Post time: Dec-05-2024
