Global Cetyl Stearyl Alcohol Market is projected to register a CAGR of 3.78% during the forecast period 2022-2027.
The global pandemic has shown an impact on the proper functioning of cetyl stearyl alcohol industries in various region. There was a limited availability of raw materials during the COVID-19 pandemic, which negatively impacted the supply chain. Moreover, there was a wide usage of cosmetic products during COVID-19 as people were conscious about hygiene which has positively impacted cetyl stearyl alcohol market.
Over the medium term, the rise in the personal care industry is likely to expand the market for cetyl stearyl alcohol, as it is being used to help soften the skin and hair and to thicken and stabilize cosmetics products, such as lotions and hair products. It acts as an emollient which is considered to be an effective ingredient for soothing and healing dry skin.
Cetyl stearyl alcohol is used in various applications such as food, cosmetics, pharmaceutical, chemical, and material industry etc. The wide range of application of the cetyl stearyl alcohol is expected to increase the demand from different industries during the forecast period.
In cosmetics industry cetearyl alcohol plays a crucial role. They work as an, thickener, emulsifier, carrying agent and emollient, for other constituents contained in a cosmetic solution. The hair related issues are tackled by most consumer like baldness, hair loss and dandruff, this led to global utilization of hair care products. As the cetearyl alcohol is added as a thickening agent and is a major component of hair conditioner where it helps the water and oil in the conditioner to mix together. The oil based and water based components in conditioner would remain as emulsion without the presence of cetearyl alcohol. CetylStearyl also soften the skin hence used in anti-ageing cream and moisturizer. Manufacturers use cetyl alcohol in soap, as it is naturally derived alcohol from coconut and palm and consists primarily of cetyl and stearyl alcohols from plant oils. Moreover, when added to soap it acts as lather stabilizer and extends the life of the lather. It also increases the rate of lather formation and produces a very creamy and softening bar due to its moisturizing properties, even with soaps that have a more bubbly or cleansing lather. The CetylStearyl market major boosting factor are projected due to rising income in emerging economies and the increasing demand for personal care and beauty products.
Europe is leading the cetyl stearyl alcohol market owing to the rapid and robust growth observed in the sales of cosmetic products over the last five years. Germany, France, United Kingdom, and Italy are the European hotspots for the major chunk of the growth achieved in the cosmetics industry. According to Cosmetica Italia, National Association of Cosmetic Companies, the consumption value of cosmetics and personal care products in Europe reached EUR 76.71 billion in 2020 from EUR 72.5 billion in 2014. Furthermore, due to an increase in the demand rate for multiple cosmetic products across the region, particularly from millennials who prefer customised products, the region is predicted to demonstrate positive growth in the global market.
Some of the major key players in the cetyl stearyl alcohol market, globally includes P&G Chemicals, Kao Chemicals Europe. S.L., Acme-Hardesty Company, PRAKASH CHEMICALS PVT LTD, Texas Natural Supply, among others. Numerous small and medium-sized manufacturers of the product are rigorously competing against one another across a wide range of end-use markets, including skincare, cosmetics, and medicinal applications. Its wide range of applicability makes it an appealing market for new entrants. Existing manufacturers concentrate on new ways to apply the product while keeping the needs of consumers in mind.
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The global pandemic has shown an impact on the proper functioning of cetyl stearyl alcohol industries in various region. There was a limited availability of raw materials during the COVID-19 pandemic, which negatively impacted the supply chain. Moreover, there was a wide usage of cosmetic products during COVID-19 as people were conscious about hygiene which has positively impacted cetyl stearyl alcohol market.
Over the medium term, the rise in the personal care industry is likely to expand the market for cetyl stearyl alcohol, as it is being used to help soften the skin and hair and to thicken and stabilize cosmetics products, such as lotions and hair products. It acts as an emollient which is considered to be an effective ingredient for soothing and healing dry skin.
Cetyl stearyl alcohol is used in various applications such as food, cosmetics, pharmaceutical, chemical, and material industry etc. The wide range of application of the cetyl stearyl alcohol is expected to increase the demand from different industries during the forecast period.
Key Market Trends
Increasing Demand for in Cetyl Stearyl Cosmetic Products
In cosmetics industry cetearyl alcohol plays a crucial role. They work as an, thickener, emulsifier, carrying agent and emollient, for other constituents contained in a cosmetic solution. The hair related issues are tackled by most consumer like baldness, hair loss and dandruff, this led to global utilization of hair care products. As the cetearyl alcohol is added as a thickening agent and is a major component of hair conditioner where it helps the water and oil in the conditioner to mix together. The oil based and water based components in conditioner would remain as emulsion without the presence of cetearyl alcohol. CetylStearyl also soften the skin hence used in anti-ageing cream and moisturizer. Manufacturers use cetyl alcohol in soap, as it is naturally derived alcohol from coconut and palm and consists primarily of cetyl and stearyl alcohols from plant oils. Moreover, when added to soap it acts as lather stabilizer and extends the life of the lather. It also increases the rate of lather formation and produces a very creamy and softening bar due to its moisturizing properties, even with soaps that have a more bubbly or cleansing lather. The CetylStearyl market major boosting factor are projected due to rising income in emerging economies and the increasing demand for personal care and beauty products.
Europe Dominates the Market
Europe is leading the cetyl stearyl alcohol market owing to the rapid and robust growth observed in the sales of cosmetic products over the last five years. Germany, France, United Kingdom, and Italy are the European hotspots for the major chunk of the growth achieved in the cosmetics industry. According to Cosmetica Italia, National Association of Cosmetic Companies, the consumption value of cosmetics and personal care products in Europe reached EUR 76.71 billion in 2020 from EUR 72.5 billion in 2014. Furthermore, due to an increase in the demand rate for multiple cosmetic products across the region, particularly from millennials who prefer customised products, the region is predicted to demonstrate positive growth in the global market.
Competitive Landscape
Some of the major key players in the cetyl stearyl alcohol market, globally includes P&G Chemicals, Kao Chemicals Europe. S.L., Acme-Hardesty Company, PRAKASH CHEMICALS PVT LTD, Texas Natural Supply, among others. Numerous small and medium-sized manufacturers of the product are rigorously competing against one another across a wide range of end-use markets, including skincare, cosmetics, and medicinal applications. Its wide range of applicability makes it an appealing market for new entrants. Existing manufacturers concentrate on new ways to apply the product while keeping the needs of consumers in mind.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Jacob Stern & Sons Inc.
- Procter & Gamble
- Kao Corporation
- Prakash Chemicals Pvt Ltd
- Ataman Kimya A.S
- Aromantic Ltd
- 2M Group of Companies (Surfachem Group Ltd)
- Otto Chemie Private Limited
- Niram Chemicals
- VVF LLC
Methodology
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