Stearyl Alcohol Market Size to Worth Around USD 10.35 billion by 2031 | Arizona Chemical, Acidchem International

Stearyl alcohol is derived from naturally-occurring sources such as coconut oil by catalytic hydrogenation.

BURLINGAME, CALIFORNIA, UNITED STATES, July 29, 2024 /EINPresswire.com/ -- Market Overview:

Stearyl alcohol is a fatty alcohol primarily used in cosmetics and personal care products as an emollient and emulsifier. It helps bind oils and water in cosmetic creams and lotions.

Market Dynamics:

Increasing demand for cosmetic and personal care products is estimated to fuel the growth of the stearyl alcohol market over the forecast period. Stearyl alcohol has excellent emulsifying properties and provides a creamy and rich texture in cosmetic formulations. It is widely used in cream-based products such as hand creams, body lotions, moisturizers and hair conditioners. Additionally, growth of the pharmaceutical sector and rising demand for medical ointments and creams are also expected to boost market growth during the forecast period. Stearyl alcohol behaves as a thickening agent and soothing emollient for ointments and creams. This increased use across various applications is anticipated to propel market growth of stearyl alcohol over the forecast period.

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Major Market Driver - Growing Demand for Manufacturing Cosmetics and Personal Care Products

Stearyl alcohol is widely used in the manufacturing of cosmetic and personal care products due to its excellent emollient properties. It helps improve the viscosity and texture of creams, lotions, and other personal care formulations. Rising disposable incomes and evolving lifestyle preferences are leading to higher spending on skincare, hair care and color cosmetic products globally. According to reliable sources, the global color cosmetic market size was valued at over USD 80 billion in 2019 and is projected to exhibit steady growth in the coming years. Similarly, the skincare market continues expanding at a healthy rate driven by anti-aging products. Growing middle-class population in developing nations and their increasing willingness to spend on premium personal care brands will augment the demand for stearyl alcohol in these end-use industries going forward.

Major Market Opportunity - Increasing Demand from Pharmaceutical Industry

The rising demand from the pharmaceutical industry presents a lucrative opportunity for stearyl alcohol producers and suppliers. Stearyl alcohol’s distinguished chemical properties enable its use as an emulsifying agent, wetting agent, solubilizing agent, and stabilizing agent in different types of pharmaceutical formulations. It helps enhance the efficacy of various medications including topical creams, tablets, and injectable products. Factors like growing healthcare expenditure, increasing incidence of chronic diseases, and rising geriatric population will drive the pharmaceutical industry in upcoming years. This, in turn, is likely to amplify the demand for stearyl alcohol in the development and manufacturing of topical pharmaceutical products.

Key Market Trend - Emphasis on Developing Sustainable and Eco-Friendly Products

Another notable trend gaining momentum in the stearyl alcohol market is greater emphasis on developing more sustainable and environmentally-friendly products. The industry players are actively investing in R&D initiatives to produce bio-based stearyl alcohol using renewable feedstocks like palm kernel oil and coconut oil through hydrogenation process. Such green stearyl alcohol varieties provide excellent performance while reducing reliance on petrochemical feedstocks. Their production aligns well with the evolving standards of corporate social responsibility and sustainability goals. Growing consumer awareness about sustainability issues is anticipated to present lucrative opportunities for manufacturers of natural and green stearyl alcohol over the forecast period.

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Top Companies Featured in This Report:

★ Arizona Chemical
★ Acidchem International
★ Oleon
★ Sinarmas Cepsa Pte. Ltd.
★ Vegetable Vitamin Foods Company
★ Kokyu Alcohol Kogyo Co.
★ China Resources
★ Flora Sawita
★ P&G Chemicals
★ Akzo Nobel
★ New Japan Chemical Co., Ltd., Ltd. PT Smart Tbk
★ Pan Century
★ others.

Market Segmentation:

By Product Type:

★ Technical
★ Commercial
★ United States Pharmacopeia (USP)

By Applications:

★ Emulsion Stabilizer
★ Emollient
★ Foam Booster
★ Viscosity Modifier
★ Emulsifying Agent
★ Fragrance Ingredient

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Report Highlights:

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Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )

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