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Global Behenyl Alcohol Market to Grow at a CAGR of 4% During 2020-2025, Aided by the Thriving Cosmetic Industry

According to a new report by EMR titled, ‘Global Behenyl Alcohol Market Report and Forecast 2020-2025’, the global market for behenyl alcohol is projected to grow at a CAGR of 4% over the forecast period of 2020-2025.

The behenyl alcohol industry is supported by the growing product demand in the pharmaceutical and organic cosmetic industries across the globe. Europe is one of the leading producers of rapeseed in the world, and, thus, the region significantly contributes to the growth of the market. The growing penetration of cosmetic manufacturers in Europe and the rising consumption of anti-ageing products are expected to drive the regional market growth. BASF SE, one of the key players in the industry, sells behenyl alcohol under the name Lanette® 22, which is particularly designed to be used for viscosity regulation in cosmetic oil-in-water emulsions. It is known for its consistency giving characteristics and is a white to light yellowish hydrophilic wax supplied in the form of pellets. The ingredient is ideal for use in antiperspirants and deodorants, sun-care products, face cleansing formulations, and baby-care, among others.

Moreover, the growing internet penetration and rise in the number of smartphone users has made online shopping a great success. The e-commerce giants, namely, Amazon.com, Inc. (NASDAQ: AMZN) and Alibaba Group Holding Ltd (NYSE: BABA), provide various cosmetic products to the consumers at a discounted price, which is expected to boost their sales in the coming years. This, in turn, is expected to enhance the growth of the global behenyl alcohol industry over the forecast period.

Market Breakup by Application, End Use, and Regions:

  • Based on application, the market can be segmented into emollients, emulsifiers, and thickeners, among others. 
  • On the basis of end use, the market is divided into cosmetics, pharmaceuticals, and nutritional supplement, among others. 
  • Region-wise, the global market for behenyl alcohol can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global behenyl alcohol industry is being driven by the growing sales of cosmetics and personal care products.  
  • The growing R&D activities and advancing pharmaceuticals industry are further propelling the market growth. 
  • The rising disposable incomes and improved availability of the end-use products are significantly contributing to the industry growth. 
  • The industry will find further impetus with the rising health concern among consumers and the growing shift towards products with natural or plant-based ingredients.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for behenyl alcohol for the periods (2015-2019) and (2020-2025). 
  • The report also offers historical (2015-2019) and forecast (2020-2025) market information for the applications, end uses, and major region of behenyl alcohol.
  • The report also gives the regional historical (2015-2019) and forecast (2020-2025) price trends of the product.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global behenyl alcohol market are Kao Corporation, Godrej Industries Limited, Sasol Ltd, and BASF SE, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players. 

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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