What is the global market size of Stearyl Alcohol Market?

Stearyl Alcohol Market size was valued at USD 6.64 billion in 2021 and is poised to grow from USD 6.94 billion in 2022 to USD 9.91 billion by 2030, growing at a CAGR of 4.55% in the forecast period (2023-2030).

Stearyl Alcohol Companies

Q: Which region accounted for the largest share in Stearyl Alcohol Market?

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.

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

FAQs

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).

stearyl alcohol market is highly competitive with the presence of local as well as companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of stearyl alcohol market. '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 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 stearyl alcohol market.

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 sterile alcohol market.

On the basis of region, stearyl alcohol market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Asia Pacific dominated the 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 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.

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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

Stearyl Alcohol Market Competitive Landscape

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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

Stearyl Alcohol Market Competitive Landscape

Stearyl Alcohol Market Report Snapshots

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Which region accounted for the largest share in Stearyl Alcohol Market?

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