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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 Amazon.com, 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:
Key Findings of the Report:
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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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