Cetyl Stearyl Alcohol Market size was at USD xx.xx million in 2020 and the Cetyl Stearyl Alcohol Market is foreseen to increase to USD xx.xx million, registering a CAGR of xx.xx% throughout the outlook period 2021-2026.
Cetyl Stearyl or cetearyl alcohol is a waxy substance that has numerous applications in the food industry as an opacifying agent, emulsion stabilizer, foam-enhancing surfactant, and viscosity agent. It is present as a waxy white flake at room temperature and is soluble in alcohols and oil and insoluble in water due to its water retention property; it is used as an emollient that prevents dry and chapped skin. It is mainly used as thickening agents that change the thickness of the liquid and stabilize the liquid and increase the foaming ability. It is widely used in personal care products such as creams, lotions, hair dyes, sunscreens, anti-aging treatments, and shampoos, and is also used in the cosmetic industry. Cetearyl alcohol has moisturizing properties, which makes it a suitable stabilizer and emulsifier, which is why it is used in the pharmaceutical industry. It can also be used as a food additive or a food flavor enhancer.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2019 – 2025 |
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Base Year |
2019 |
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Forecast Period |
2020 - 2025 |
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CAGR |
X.X% |
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Segments Covered |
By Form, By Application, By End User, and By Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
P&G Chemicals, Acme-Hardesty Company, BASF SE, Kao Chemicals, Texas Natural Supply, The Prakash Chemicals Pvt Ltd, and S.L., among others. |
Cetyl Stearyl Alcohol Market Drivers and Restraints:
Cetyl stearyl alcohol plays a fundamental role in the cosmetic industry. They function as an emulsifier, emollient, thickener, and carrier for other constituents contained in a cosmetic solution. The consumption of the skin and hair care industry is expected to drive the Europe cetyl stearyl alcohol market. Also, the region's thriving healthcare sector will have a positive impact on the European cetyl stearyl alcohol market. The recent surge in spending on skin creams and lotions is acting as a growth propellant for the beauty and personal care industry, which is having a positive impact on the demand of cetyl stearyl alcohol. The overall consumption rate of hair products has increased mainly due to the hair products mentioned by most consumers, such as dandruff, hair loss, baldness, etc., in particular those based on vegetable oil. Increasing demand for beauty and personal care products due to rising disposable income in emerging EU economies is supposed to be a major stimulus for the global cetyl stearyl alcohol market.
High volatility in vegetable and oil commodity prices is expected to hamper market growth and present challenges for industry participants over the calculated time period. Price pressures and increased competition in the marketplace prevent manufacturers from maintaining their profit margins. Allergens and irritants found in cetyl stearyl alcohol are known to cause acute contact dermatitis (a type of skin inflammation). Also, since cetyl stearyl alcohol is chemically non-ionic in nature, it does not charge when mixed with water and therefore rinsing remains ineffective, which are two of the main limitations of the business.
The increasing growth of the chemical industries creates a demand for cetyl stearyl alcohol around the world. Cetyl stearyl alcohol producers are benefited by the advancements in the cosmetics and toiletries industry for the increased adoption of cetyl stearyl alcohol.
The global cetyl stearyl alcohol market is segmented based on the form, applications, end-user, and geography.
Based on the Form: The cetyl stearyl alcohol market is segmented into liquid and waxy/solids. Of these, the waxy/solid form finds wide application, especially in the cosmetic industry, and is therefore expected to achieve a comparatively higher growth rate.
Based on the Application: The cetyl stearyl alcohol market is segmented into Surfactant, Emulsion Stabilizer, and Opacifier. Due to its wide use in the cosmetic industry, especially for its skin-softening characteristics, the emulsion stabilizers segment is foreseen to achieve higher shares compared to other functionalities.
Based on the End-users: The Market is mainly classified in the food and beverage, cosmetic and personal care, and pharmaceutical fields. The cosmetic and personal care industry is supposed to dominate the application areas as cetearyl alcohol is widely used in the production of hair care and personal care products.
Amid the spread of the coronavirus pandemic, several inefficiencies in food supply chains have been materialized on a worldwide scale. The food & beverage sector and the personal care sectors have been impacted by the unprecedented outbreak of COVID-19, which had a direct effect on the cetyl stearyl alcohol market. Although the industry is witnessing a slow growth rate, it is estimated to expand in the coming years with applications in the pharmaceutical sector.
The global Cetyl Stearyl Alcohol market has been categorized based on the region as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
The Asia Pacific presents a significantly high market share, and the market will expand at a significant growth rate due to population growth and lifestyle change to create opportunities for the personal care industry, which will lead to demand for cetyl stearyl alcohol. The developing market of China and India is estimated to have a positive impact on the growth of the cetyl stearyl alcohol market in Asia-Pacific. The regional market is supposed to see healthy growth during the foreseen period as the cosmetics, personal care and beauty industries expand around the world.
The United States is the main contributor to the North American market, followed by Canada and Mexico. North America is likely to show optimistic growth in the cetyl stearyl alcohol market due to a higher consumption rate of various cosmetic products in the region.
Latin America is one of the main emerging regions, which will generate significant opportunities in the local market during the forecast period due to the increase in consumer spending per capita on personal care products and cosmetics.
The Middle East and Africa are some of the top emerging regions, which will generate significant opportunities in the Cetyl Stearyl Alcohol market over the conjecture period due to the increase in per capita spending on cosmetics and personal care. The Middle East and Africa are still in their infancy for this product. The growing automotive and personal care industries around the world are capturing the attention of consumers in these areas. The region is expected to experience moderate growth during the forecast period due to the aforementioned factors. Turkey is considered a key market in the Middle East and Africa.
BASF SE had the largest share of the Cetyl Stearyl Alcohol Market in terms of sales and revenue in 2021.
Key Players Covered in the market report are:
Major players in the global Cetyl Stearyl Alcohol Market include P&G Chemicals, Acme-Hardesty Company, BASF SE, Kao Chemicals, Texas Natural Supply, The Prakash Chemicals Pvt Ltd, and S.L., among others.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Cetyl Stearyl Alcohol Market, By Form
6.1.1 Waxy Solids
6.1.2 Liquid
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Cetyl Stearyl Alcohol Market, By Application
6.2.1 Opacifying Agent
6.2.2 Emulsion Stabilizer
6.2.3 Surfactant
6.2.4 Market Size Estimations & Forecasts (2021-2026)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Cetyl Stearyl Alcohol Market, By End-User
6.3.1 Pharmaceutical Industry
6.3.2 Cosmetics Industry
6.3.3 Food and Beverage Industry
6.3.4 Market Size Estimations & Forecasts (2021-2026)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Form
7.2.3 By Application
7.2.4 By End-User
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Form
7.3.3 By Application
7.3.4 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Form
7.4.3 By Application
7.4.4 By End-User
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Form
7.5.3 By Application
7.5.4 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Form
7.6.3 By Application
7.6.4 By End-User
8. Key Player Analysis
8.1 BASF SE
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 P&G Chemicals
8.3 Acme-Hardesty Company
8.4 Kao Chemicals
8.5 Texas Natural Supply
8.6 The Prakash Chemicals Pvt Ltd
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
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