Showa Denko K.K, Albemarle Corporation, Air Liquide USA LLC, and Verni Group, among others, are significant players in the global behenyl alcohol market.
The global behenyl alcohol market is expected to grow at a CAGR of about 4% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the growing cosmetics industry.
The growing focus on appearance and personal hygiene is driving the demand for cosmetics and personal care products, which, in turn, is aiding the growth of the behenyl alcohol market. The rising disposable incomes, improving standards of living, and rapid technological advancements are further supporting the market growth. With the increasing penetration of key players in developing countries, the market is witnessing robust growth.
In the personal care and cosmetics industry, behenyl alcohol is used as an emulsion stabiliser, thickener, and emollient in cosmetics and personal care products. The rising use of the chemical as an opacifying ingredient and thickener is propelling the market growth. The demand for the product in anhydrous formulations like body butter, ointments, and scrubs is also significantly growing.
The rising pharmaceutical industry is expected to enhance the utilisation of behenyl alcohol in the forecast period. As it is produced using vegetable sources, the demand for behenyl alcohol is rising owing to the increasing consumer demand for cosmetics and nutritional supplements with natural ingredients. In addition, the increasing product launches based on plant-based ingredients, especially in the personal care and cosmetics industry, are expected to positively influence the market expansion in the coming years.
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Kao Corporation is a chemical and cosmetics business that primarily operates under the brand names of many cosmetics, skincare, and hair care products, as well as salon, human health care, and chemicals. By employing 33,507 people worldwide, the company attained net sales of JPY 1,418.8 billion in 2021. It develops its consumer products business in the health and beauty care, hygiene and living care, cosmetics, and life care segments.
Godrej Group is a Mumbai-based Indian multinational company that is controlled and mainly owned by the Godrej family. The company operates in various end-use sectors, including real estate, agriculture, chemicals, and financial services across 18 countries. It employs 30,000 people across the globe and has served about 1.5 billion consumers.
|Headquarters:||Sandton, South Africa|
Sasol Limited is a global company offering energy and chemical products. Its sustainability-sourced products are marketed in 22 countries. Sasol now develops and commercialises technologies, including those for synthetic fuels, and generates a variety of liquid fuels, chemicals, and power. Sasol has a global workforce of over 28,000 employees as of 2021 and operates in 33 countries.
BASF SE is one of the leading chemical companies in the world, with JVs and subsidiaries in more than 80 countries. It operates six integrated manufacturing facilities and 390 smaller manufacturing facilities. The approximately 110,000 employees (as of 2021) of the BASF Group work to ensure our clients' success in practically every sector and country on the globe. BASF services a broad variety of industries and has customers in more than 190 countries.
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