Alkyl Dimethyl Betaine Market: is expected to reach US $4.50 billion, thanks to growth in the cosmetic segment. The report analyzes market dynamics by region and end-user industries.
Alkyl Dimethyl Betaine Market Overview:
The market for Alkyl Dimethyl Betaine Market was estimated at $3.29 billion in 2020, and it is predicted to grow at a CAGR of 5.34 percent to $4.50 billion by 2027. Alkyl dimethyl betaine is made by combining lauryl and myristyl betaine. Alkyl dimethyl betaine is a speciality chemical that is also known as N-(Alkyl C10-C16)-N, N-dimethylglycine betaine and N, N-Dimethyl-N-dodecyl-glycine betaine. It is primarily used as a foam stabiliser, emulsifier, dispersion, thickening, and wetting agent in the chemical processing sector. An increase in demand for alkyl dimethyl betaine from the cosmetics industry is driving the global market. It’s employed as an antistatic agent, washing agent, foam boosting agent, surfactant, and viscosity controlling agent in the cosmetics business.
Alkyl Dimethyl Betaine Market Dynamic:
The expansion of the cosmetic industry is being driven by the continually growing population in major economies such as China, India, Europe, and others throughout the world. Individuals’ increasing emphasis on maintaining good personal hygiene habits is predicted to fuel global cosmetic sector expansion, which would in turn drive the market for alkyl dimethyl betaine indirectly. It’s utilised in cosmetics as a skincare and hair conditioning component, for example.
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Alkyl Dimethyl Betaine Market Segmentation:
During the forecast period, the sector is predicted to increase at a CAGR of as the demand for the stabiliser in the cosmetic industry is expected to rise due to its foamy capabilities in products such as face washes, shaving creams & foams, and others.
Alkyl dimethyl betaine is widely employed in nutraceuticals as an anti-stress agent for dietary functions, and the COVID-19 pandemic has increased the importance of nutrition and its consumption.
Alkyl Dimethyl Betaine Market Key Players: American Crystal Sugar Company, Amino GmbH, Associated British Food Plc, BASF SE, Du Pont de Nemours, Kao Corporation, Nutreco N.V, Solvay S.A, Stepan Company, Sunwin Chemicals, Galaxy Surfactants, Aarti Surfactants, Innospec, SPAK Orgochem, Huntsman International, Prasol Chemicals Pvt. Ltd, Others
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Alkyl Dimethyl Betaine Market Regional Analysis:
The report’s goal is to provide stakeholders in the industry with a complete study of the global market. The study includes an analysis of complicated data in simple language, as well as the industry’s past and current state, as well as anticipated market size and trends. The analysis examines all areas of the industry, with a focus on significant companies such as market leaders, followers, and newcomers.
Impact of COVID-19 on the Alkyl Dimethyl Betaine Market:
The arrival of COVID-19 has turned the world upside down. It has affected every field in the world except for the medical and health industry. Everyone is now getting used to this change that COVID-19 has created. Like every other market, this Alkyl Dimethyl Betaine market is also affected and has faced many difficulties in these tough times. Our researchers here at the Maximize Market Research have studied and analyzed the market considering the impact of COVID-19 on the market they have found solutions that can overcome the problem that you are facing and it will only help you to grow and expand your position in the market.
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