Global Stearyl Alcohol Market – Industry Trends and Forecast to 2029

Global Stearyl Alcohol Market, By Testing Type (Physical, Chemical, Microbiological), Application (Emulsion Stabilizer, Fragrance Ingredient, Emulsifying Agent, Foam Booster, Viscosity Modifier, Emollient), Grade (Regular Grade, High Purity Grade), End-User Industry (Personal Care and Cosmetics, Pharmaceutical Industry, Food and Beverage Industry, Others), Form (Liquid, Waxy Solid) - Industry Trends and Forecast to 2029.

 Stearyl Alcohol Market Analysis and Size

The “emulsion stabilizer" is the fastest growing application segment due to its widespread use in cosmetics, mainly due to its skin-softening properties. Moreover, augmented demand for organic and environment friendly goods will likely generate new possibilities for the growth of the stearyl alcohol market in the forecast period.

Data Bridge Market Research analyses that the stearyl alcohol market is expected to undergo a CAGR of 4.55% during the forecast period. This indicates that the market value, which was USD 6.64 billion in 2021, would rocket up to USD 9.48 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Stearyl Alcohol Market Scope and Segmentation

Market Definition

Stearyl alcohol is a long-chain of fatty alcohol with molecular formula C18H38O. It is a white waxy solid with a faint smell and consisting n-octadecanol. It is commonly found in a wide range of skincare and cosmetic products. Stearyl alcohol is generally derived from vegetable oils such as palm kernel and coconut oils, which are converted into alcohol and then hydrogenated and distilled into stearyl alcohol.

Global Stearyl Alcohol Market Dynamics

Drivers

• Growing demand of stearyl alcohol in multiple industries

Stearyl alcohols find applications such as personal care, cosmetics, pharmaceutical, food and beverage, and others. Stearyl alcohol is used for the pharmaceutical business product for the production of hand sanitizers, oral mouthwashes, disinfection pads and eardrops. Moreover, increasing product demand due to high evaporation rates and low toxicity, growing product usage in the personal care and cosmetic industry are some of the major factors which will increase the demand of the stearyl alcohol and boost the growth of the stearyl alcohol market during the forecast.

• High usage of stearyl alcohol in cosmetic industry  

Stearyl alcohol is highly used in cosmetic and personal care products. Several cosmetic products have grown in popularity due to the general acceptance of internet culture and the growing usage of social media platforms such as Instagram and YouTube. These channels greatly influence millennials, teens, and other age groups, which upsurges the demand for beauty products. As a result, the effect of grooming trends and debouching cosmetic on millennials fuel the market growth. Increased consumer spending for hair care products such as hair creams and shampoos is the vital factor expected to escalate the market growth during the forecast period f 2022-2029.

Opportunities

• Increasing demand of stearyl alcohol in automotive sector

Stearyl alcohol is widely incorporated to make lubricants used in the automobile sector. The automobile sector is rising rapidly all over the globe, the automotive industry in the United States contributed approx., 2.7% to the country's GDP in 2021. As a result, the rapidly growing automotive sector and increasing vehicle ownership give a boost to the market growth and generate lucrative opportunities for the growth of the stearyl alcohol market.

Moreover, increasing demand for organic and environment-friendly products will further create ample and new opportunities that will lead to the growth of the stearyl alcohol market during the forecast period of 2022-2029.

Restraints/Challenges

• Disadvantages associated with stearyl alcohol

High dosage of stearyl alcohol can lead to the formation of tumor which will act as major market restraint, and the biggest and foremost challenging factor for the growth of stearyl alcohol market during the forecast period of 2022-2029.

This stearyl alcohol market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the stearyl alcohol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

 Covid-19 Impact on Stearyl Alcohol Market

The outbreak of COVID-19 has affected several manufacturing and other industries. This pandemic has caused the suspension of stearyl alcohol production due to the disrupted supply chain and decrease demand. The stearyl alcohol market witnessed a sharp decline in during the pandemic due to the imposition of lockdown in several countries. Thus, COVID-19 greatly impacted the growth of the stearyl alcohol market.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In 2019, Kao Chemicals Europe, a part of Kao Group, has expanded its partnership with Univar to distribute its portfolio of products in more European markets. The Kao Chemicals provider will now be distributed their products in Portugal and Spain. Kao Chemicals’ broad surfactants portfolios include alkyl ether carboxylates and cetyl alcohol which are used as mild co-surfactants, solubilizing agents, and emulsifiers as well as glycerin polyoxyethylene and alcohol sulfates, ester quads and amine oxides.

Global Stearyl Alcohol Market Scope

The stearyl alcohol market is segmented on the basis of testing type, application, grade, end-user industry and form. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Testing Type

• Physical
• Chemical
• Microbiological

Application

• Emulsion Stabilizer
• Fragrance Ingredient
• Emulsifying Agent
• Foam Booster
• Viscosity Modifier
•  Emollient

Grade

• Regular Grade
• High Purity Grade

 End-User Industry

• Personal Care and Cosmetics
• Pharmaceutical Industry
• Food and Beverage Industry
• Others

Form

• Liquid
• Waxy Solid

Stearyl Alcohol Market Regional Analysis/Insights

The stearyl alcohol market is analysed and market size insights and trends are provided by country, type, testing type, application, grade, end-user industry and form as referenced above.

The countries covered in the stearyl alcohol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the stearyl alcohol market in terms of revenue and market share due to robust and rapid growth observed in the sales of cosmetic products. Also, increased penetration of the major players, improved living standards and high consumer spending power are also aiding the industry growth in this region.

Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to an increase in the consumption rate of several cosmetic products. Also, increasing disposable incomes and a flourishing food and beverage industry will likely increase this region's market growth rate.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Stearyl Alcohol Market Share Analysis

The stearyl alcohol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to stearyl alcohol market.

Some of the major players operating in the stearyl alcohol market are:

• Merck KGaA (Germany)
• Eastman Chemical Company (U.S.)
• Kao Corporation (Japan)
• Dow (U.S.)
• BASF SE (Germany)
• KLK OLEO (Malaysia)
• Evonik Industries AG (Germany)
• Huntsman International LLC (U.S.)
• SABIC (Saudi Arabia)
• Godrej Industries Limited (India)
• Procter & Gamble (U.S.)
• Oleon NV (Belgium)
• VVF Group (India)
• Triveni Chemicals (India)
• New Japan Chemical Co., Ltd (Japan)
• Biesterfeld AG (Germany)
• KOKYU ALCOHOL KOGYO CO., LTD. (Japan)
• Berg + Schmidt (Germany)