Cetostearyl Alcohol Market Forecast and CAGR
According to the most recent study conducted by Fact.MR, the cetostearyl alcohol market is expected to develop at a CAGR of 5.0% from 2021 to 2031. It's a mixture of fatty alcohols whose primary components are stearyl alcohol and cetyl, both of which have a wide range of applications in a variety of industries, including pharmaceuticals and cosmetics. It gives the skin a smooth gel-like texture and can be used with oil-in-water or water-in-oil emulsions.
Consumers' increasing interest in personal care and health wellbeing has been identified as one of the primary driving factors for increased requests around the world.
What is the Driving Demand for Cetostearyl Alcohol?
The beauty and pharmaceutical industries are driving demand for the product. It's used in cosmetics as an emollient, emulsifier, thickening, and carrier for other ingredients. The majority of its demand comes from hair care products like shampoos and conditioners, where it is used as a surfactant agent, and in soaps, where it is used as a thickening agent, primarily those manufactured from vegetable oils.
Increasing disposable income has boosted demand for beauty and personal care products in growing nations around the world, which is one of the key drivers driving this industry's growth.
It is also widely used in the pharmaceutical industry as a component of ointments, creams, or emulsifying waxes. It is extensively used in medicines like Diclofenac Sodium Extended as an anti-inflammatory drug, in Levetiracetam Extended to treat epilepsy and in Morphine Sulfate Extended to treat chronic pain among others.
These above-mentioned factors help propel the demand for the product, especially in the cosmetic industry in the forecast period.
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Covid-19 Impact on Global Cetostearyl Alcohol Market
Toward the start of 2020, COVID-19 started to spread throughout the world, and a large number of citizens were infected with the COVID-19 virus, and significant nations throughout the world have implemented isolation and work stoppage orders. Except for the clinical supplies and life support products manufacturers, most businesses had been significantly affected, and thereby the cetostearyl alcohol market had also been greatly affected during the same era.
However, the market for cetostearyl alcohol gained its pace due to its usage as an emulsion stabilizer, opacifying agent, surfactant - foam booster, and viscosity increasing agent which made it a highly desired chemical in the pharmaceutical industry during the pandemic, which helped to boost its sales.
During the pandemic, the cosmetics industry saw a shift in the demand pattern with consumers shifting their choices from makeup products to hygiene and health care products. As a result, products such as shampoos and conditioners which use cetostearly alcohol as a component saw a decline in demand.
Global Cetostearyl Alcohol Market Geographical Outlook
The market may be divided into six regions based on its geographical outlook: North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA. Among these regions, the market for cetostearyl alcohol is most dominant in Europe which accounts for a significant market share owing to its well-established global cosmetics market.
The Asia Pacific region is also expected to witness a rising growth in sales due to an increased number of sales of cosmetic and personal care products in India and China.
Furthermore, the USA in the North American region is expected to showcase optimistic growth in the global market due to an increase in the demand rate of numerous cosmetic products across the region, especially from millennials preferring customized products.
Among the emerging regions in this market are MEA and Latin America. These regions are anticipated to generate notable opportunities in the global market over the forecast period due to the upsurge in per capita spending on cosmetic and personal care products.
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Who are the Key Manufacturers of Cetostearyl Alcohol?
Some of the leading manufacturers and suppliers of cetostearyl alcohol include
- The Skincare Chemist
- Ataman Kimya A.S
- P&G Chemicals
- Niram Chemicals
- VVF LLC
- Global Green Chemicals Public Company Limited.
The market for cetostearyl alcohol is moderately fragmented and few of the key players in this market are BASF, P&G Chemicals, Niram Chemicals among others, dominating the market and this trend is expected to continue over the forecast period.
There are numerous small and medium-sized producers of the product working rigorously competing against each other over varied end-use markets ranging from skincare, cosmetics to medical use as well. Its high range of applicability makes it an attractive market for new entrants to enter the market. The existing producers focus on innovative methods to apply the product keeping in mind the needs of the consumers.
Cetostearyl Alcohol Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
An Adaptive Approach to Modern-day Research Needs
- Personal care
- Opacifying Agent
- Viscosity Agent
- Emulsion Stabilizer
- Surfactant Foam
- Waxy solid
- Clear Liquid
By Sales Channel
- Retailers & Wholesalers
- Other Distribution channels
- Direct Sales
- Third-Party E-Commerce Sales
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia & Oceania
- India, Thailand, Malaysia, Indonesia, Australia & New Zealand and Rest of South Asia & Oceania
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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