USD 6.94 billion
Stearyl Alcohol Market Size, Share, Growth Analysis, By End User(Cosmetics & personal care, Pharmaceuticals, Food & beverages), By Application(Emulsion stabilizer, Fragrance ingredient, Foam booster, Viscosity modifier), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2105 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
64
|Figures:
75
Stearyl Alcohol Market Insights
Global Stearyl Alcohol Market size was valued at USD 6.94 billion in 2022 and is poised to grow from USD 7.26 billion in 2023 to USD 10.36 billion by 2031, at a CAGR of 4.55% during the forecast period (2024-2031).
Rising demand for beauty and personal care products in emerging countries such as China and India due to increasing per capita disposable income is expected to be a major driving factor. It is used as an emulsifier in various cosmetics to improve the texture of the product. It is also used as a hair coating and in shampoos to thicken ointments. It is used as a liquid sun blanket in swimming pools to reduce water evaporation.
Due to increasing applications in end-use industries such as cosmetics and automotive, the global sterile alcohol market is expected to grow at a significant CAGR during the forecast period. Rapid industrialization coupled with an increasing number of vehicle owners is expected to drive demand in the automotive industry. Increasing demand for eco-friendly and organic products is projected to positively impact the growth of the market during the forecast period. Technological advancements and research and development to reduce irritation and reduce health risks associated with high doses are expected to create significant opportunities for industry participants during the forecast period. High volatility in raw material prices for vegetables and oils is expected to hamper the market growth during the forecast period.
US Stearyl Alcohol Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Cosmetics & personal care
Fastest Growth
Cosmetics & personal care
Growth Rate
4.55% CAGR
Global stearyl alcohol market ($ Bn)
Country Share for Asia Pacific Region (%)
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Stearyl Alcohol Market Segmental Analysis
Global stearyl alcohol market is segmented on the basis of end user, application and region. On the basis of end user, global market is segmented into, cosmetics & personal care, pharmaceuticals, and food & beverages. On the basis of application, global market is segmented into, emulsion stabilizer, fragrance ingredient, foam booster and viscosity modifier. On the basis of region, global market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Stearyl Alcohol Market Analysis by End User
On the basis of end user, global stearyl alcohol market is segmented into, cosmetics & personal care, pharmaceuticals, and food & beverages. The cosmetics and personal care segment dominated global market with a market share of 33%. Stearyl alcohol is widely used in the cosmetic and personal care industries to manufacture hair conditioners, eye makeup, foundations, skincare products, skin cleansers, and skin moisturizers. Stearyl alcohol helps in the formation of emulsions and prevents the separation of oil and liquid components in products. It reduces the tendency of the finished products to form foam when shaken and acts as a skin lubricant and gives the skin a shiny, smooth, and soft appearance.
Analysis by Application
On the basis of application, global stearyl alcohol market is segmented into, emulsion stabilizer, fragrance ingredient, foam booster and viscosity modifier. The emulsion stabilizer segment holds the largest revenue share in the market and is expected to grow at a significant CAGR during the forecast period. Emulsion stabilizers are compounds that coat the droplet surfaces to provide an energy barrier that reduces the chance of coalescence of colliding droplets. Emulsifiers also help foods maintain a smooth texture and taste by reducing stickiness.
Global stearyl alcohol market size by end user
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Stearyl Alcohol Market Regional Insights
On the basis of region, global stearyl alcohol market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Asia Pacific dominated the global market due to the rapid expansion of the cosmetic and automotive sectors in India, China, South Korea, and Japan. According to statistics, the Asia Pacific cosmetic market has the highest share in the global market which is around 40% (USD 120 billion). The growing middle-class population, increasing health awareness, and increasing beauty trends are driving the growth of the regional market because sterile alcohol is an important ingredient in cosmetic products.
Rising per capita spending on personal care and cosmetic products in North America is contributing significantly to the growth of the stearyl alcohol market in the region. An increased presence of major players, high consumer spending power, improved living standards, and increasing consumption of processed foods are the factors driving the growth of global market.
Global stearyl alcohol market size by Region
- Largest
- Fastest
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Stearyl Alcohol Market Dynamics
Stearyl Alcohol Market Driver
Increasing demand of Sterile Alcohol in many industries
- Stearyl alcohol has a wide range of applications such as personal care, cosmetics, pharmaceuticals, and food & beverages. Stearyl alcohol is used in the pharmaceutical industry to manufacture hand sanitizers, oral mouthwashes, sterile pads, and eardrops. Also, increasing demand for the product due to its high evaporation rate and low toxicity, and increasing use of the product in the personal care and cosmetic industry are some of the major factors driving the demand for stearyl alcohol and fuelling the growth of the global stearyl alcohol market.
High use of stearyl alcohol in the cosmetic industry
- Stearyl alcohol is highly used in cosmetic and personal care products. Increasing demand for cosmetics and personal care products is expected to drive global stearyl alcohol market. Increased consumer spending for hair care products such as hair creams and shampoos is major factor for market expansion.
Stearyl Alcohol Market Restraint
Disadvantages associated with stearyl alcohol
- High doses of sterile alcohol can cause tumours which will act as a major restraint of global stearyl alcohol market. Also, some side effects of sterile alcohol can be burning, stinging, redness or irritation. All these disadvantages related to stearyl alcohol hampers market growth.
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Stearyl Alcohol Market Competitive Landscape
Global stearyl alcohol market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global stearyl alcohol market.
For example, in 2019, Kao Chemicals Europe, a part of Kao Group, expanded its collaboration with Univar to distribute its product portfolio in further European markets. The Kao Chemicals provider's products will now be distributed in Portugal and Spain.
Stearyl Alcohol Market Top Player's Company Profiles
- Wilmar International
- Ecogreen Oleochemicals
- Kuala Lumpur Kepong Berhad (KLK)
- VVF LLC
- Kao Corporation
- BASF SE
- Croda International PLC
- Sasol Limited
- Godrej Industries Limited
- Emery Oleochemicals
- Musim Mas Holdings
- Procter & Gamble
- P&G Chemicals
- Vantage Specialty Chemicals
- Acme-Hardesty Company
- Lipo Chemicals
- Lonza Group AG
- Berg + Schmidt
- Stepan Company
- KCC Corporation
Stearyl Alcohol Market Recent Developments
- In March 2023, Inolex launched AminoSensylTM Ultra MB (INCI Cetearyl Alcohol (and) Brassicyl Valinate Esylate). The breakthrough amino lipid technology is rooted in green chemistry and designed for performance to deliver a 100% natural, sustainable replacement for behentrimonium chloride (BTAC).
- In July 2022, AVYA Skincare launched three new products as a part of the Hydroveda collection that are inspired by nature and designed to regain balance between the body, mind, spirit and environment. All of these products contained Stearyl Alcohol in their INCI list.
- In January 2022, Pantene partnered with a collection of female celebrities, the Conditioner Collective, to help promote Pantene's new conditioners. The INCI list had Stearyl Alcohol as one of the top 5 ingredients.
Stearyl Alcohol Key Market Trends
- Stearyl alcohol is widely used in the manufacture of lubricants that are used in the automobile industry. The automobile sector is growing rapidly in the world. The rapidly growing automotive sector and increasing vehicle ownership are fuelling the market growth and creating significant opportunities for the growth of the stearyl alcohol market. Also, increasing demand for organic and eco-friendly products will further create new opportunities and is a major trend in the global sterile alcohol market.
Stearyl Alcohol Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global stearyl alcohol market analysis, by end user segment, the cosmetics and personal care segment dominated global market. Due to increasing applications in end-use industries such as cosmetics and automotive, the global market is expected to grow at a significant CAGR during the forecast period. By region, Asia Pacific dominated the global market due to the rapid expansion of the cosmetic and automotive sectors. Increasing demand for eco-friendly and organic products is projected to positively impact the growth of the market during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6.94 billion |
| Market size value in 2031 | USD 10.36 billion |
| Growth Rate | 4.55% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Stearyl Alcohol Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Stearyl Alcohol Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Stearyl Alcohol Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Stearyl Alcohol Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Stearyl Alcohol Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Stearyl Alcohol Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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