The ‘Global Stearyl Alcohol Market Report, Share, Size, Trends, Outlook and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global stearyl alcohol market, assessing the market on the basis of its segments like applications, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 5%
Stearyl alcohol is extremely beneficial for the skin as an emollient, as well as an emulsifier which reduces the hardness of skin. It also improves the combination of oil and water to increase the consistency of a cosmetic product which is a crucial advantage of this chemical compound. Hence, the thriving cosmetics and personal care industry is driving the stearyl alcohol market growth.
In addition, stearyl alcohol is one of the top preferences of lotion or cream manufacturers as it is safe for daily use. It can also be applied on all the skin types and tones which is further expanding the segment for its target audience.
Over the forecast period, the anticipated increase in the growth of the food and beverage industry is likely to boost the demand for stearyl alcohol. In addition to this, the increasing sale of condiments, soups, and premium-packaged puddings, among others, is further bolstering the demand for stearyl alcohol as a thickening agent, which will in turn invigorate the global stearyl alcohol market.
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In terms of regions, Europe occupies a significant share in the market. The flourishing cosmetics and personal care industry, supported by the rising disposable income and growing urban population, is the driving factor of the regional market. Meanwhile, rapid urbanisation across emerging economies of the continent is likely to expand the growth opportunities for the end use industries of the product.
Stearyl Alcohol Industry Definition and Major Segments
Stearyl alcohol is defined as a type of fatty alcohol which is derived from vegetable oils. This chemical compound is procured by chemically reducing stearic acid. In appearance, it is a colourless to white solid. Stearyl alcohol is mainly utilised in food-related applications as an oil structuring agent.
Based on application, the market can be segmented into:
- Emulsion Stabiliser
- Fragrance Ingredient
- Emulsifying Agent
- Foam Booster
- Viscosity Modifier
The market can be broadly categorised based on end use into:
- Cosmetics and Personal Care
- Food and Beverages
On the basis of region, the market can be categorised into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Stearyl Alcohol Market Trends
The key trends in the global stearyl alcohol market include the growing research and development activities in the pharmaceutical industry which are generating the demand for stearyl alcohol as stabilisers, emulsifiers, and viscosity enhancing agents. Over the forecast period, the compound is anticipated to witness a heightened application in this industry due to the increasing cases of chronic diseases.
The rising online purchasing power of the urban and semi-urban population, coupled with the easy online accessibility of the downstream products of stearyl alcohol, are likely to be major market bolstering trends. The e-commerce sector is accelerating the sale of cosmetics and pharmaceutical products.
Moreover, the rising consumer expectations for high-quality cosmetics and beauty products is likely to lead to progressive product innovations which are anticipated to invigorate the stearyl alcohol market in the coming years.
In addition to this, the increasing popularity of innovative shampoo and hair care products among the millennials is likely to boost the demand for stearyl alcohol to add pleasant fragrance and texture to these products.
Furthermore, the increasing awareness pertaining to the low side-effects and enhanced safety offered by stearyl alcohol is a crucial trend which is likely to expand the market opportunities by aiding the incorporation of the compound in various end use sectors.
Key Market Players
The major players in the stearyl alcohol market report are Kao Corporation, BASF SE, Biesterfeld AG, KLK Oleo, Godrej Industries Limited, and P&G Chemicals, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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