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Global Stearyl Alcohol Market to Reach USD 8.3 Billion by 2026, Aided by the Growing Demand for Cosmetic and Personal Care Products

According to a new report by EMR titled, ‘Global Stearyl Alcohol Market Report and Forecast 2021-2026’, the global market for stearyl alcohol is expected to grow at a CAGR of 5% between 2021 and 2026 to attain USD 8.3 billion by 2026.

Europe is expected to be one of the significant regions in the global market for stearyl alcohol over the forecast period. Owing to the stringent government regulations and general provisions specified by the Cosmetics Regulation of the European Union, there has been an increase in the demand for plant-based stearyl alcohol for use in personal care and cosmetic formulations. Within the Asia Pacific, emerging economies such as China and India are expected to witness a significant market growth owing to the increasing demand for skincare and haircare products. The growing population and rapid urbanisation are aiding the market growth in the Asia Pacific. Further, the region has abundant raw material availability benefits as Indonesia and Malaysia are the major palm oil producers.

P&G Chemicals, a division of Procter & Gamble Co (NYSE: PG), is one of the leading players in the market. The company specialises in the production and distribution of oleochemicals, with a line of products including alcohols and fatty alcohols. It produces raw materials essential for many commonly used consumer products like skincare and haircare. Further, the thriving retail sector and expansion of the distribution channels are also contributing to the stearyl alcohol industry growth. The easy availability of the end-use products like cosmetic and personal care through retail channels like Walmart Inc (NYSE: WMT) and, Inc. (NASDAQ: AMZN) is expected to further boost the demand for stearyl alcohol. Also, the online platforms provide various coupons and discount offers to the consumers, which are anticipated to enhance the online sales of these end-use products.

Market Breakup by Application, End Use, and Regions:

  • On the basis of application, the industry can be divided emulsion stabilizer, fragrance ingredient, emulsifying agent, foam booster, viscosity modifier, and emollient, among others.
  • Based on end use, the industry is segmented into cosmetics and personal care, pharmaceuticals, and food and beverages, among others.
  • Region-wise, the global market for stearyl 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 market is being driven by the growing utilisation of stearyl alcohol in cosmetic and personal care industry.
  • The growing consumption of processed food products is further propelling the market growth. 
  • The new product launches and growing retail sector are also accelerating the growth of the industry. 
  • The industry will receive further impetus with the growing research and development activities and rapid technological advancements.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for stearyl alcohol for the periods (2016-2020) and (2021-2026). 
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the applications, end uses, and regional markets of stearyl alcohol.
  • The report also gives the regional historical (2016-2020) and forecast (2021-2026) 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 stearyl alcohol market are Kao Corporation, BASF SE, Biesterfeld AG, KLK Oleo, Godrej Industries Limited, and P&G Chemicals, 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.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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