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

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.