Latin America Cetyl Stearyl Alcohol Market

Latin America Cetyl Stearyl Alcohol Market Size Share Trends 2022 - 2027:

The Latin America Cetyl Stearyl Alcohol Market was estimated at USD xx million in 2020 and is expected to reach over USD xxx million by the end of the assessment period. The Latin America market is likely to experience moderate growth to record a CAGR of xx% throughout the forecast period (2022 - 2027).

Cetyl stearyl alcohol or Cetearyl alcohol is a waxy substance that is used as opacifying agents, foam-enhancing surfactants, emulsion stabilizers, as well as an aqueous and non-aqueous viscosity agent. A room temperature in Cetearyl alcohol is present in the form of a waxy white flake and is solvable in alcohols and oil and insoluble in water due to its water retention property is used as an emollient that prevents cracking and dry skin. It is primarily used as thickening agents that alter the thickness of the liquid and stabilize liquid and surge the foaming capacity. It is widely used in personal care products like creams, lotions, , hair dyes, sunscreens, anti-aging treatments, and shampoos, and is also used in the cosmetic industry. Cetearyl alcohol has moisturizing properties, making it a suitable stabilizer and emulsifier, therefore used in the pharmaceutical industry. It is also a versatile food additive that is used as a food decoration or food flavoring agent.

REPORT COVERAGE:

Recent Developments

In November 2018, Anna Pro expands its range of animal nutrition and care products with the acquisition of Response Products, manufacturers of Cetyl hip and joint items. The purchase was finished in the month of September. The Cetyl M brand has a wide range of social media and has been marketed primarily online and by a team of professional racers, coaches and rodeo competitors.

Market Drivers and Restraints:

Cetearyl alcohol is increasing employed as a thickening agent in the making of various skin care lotions and creams. It is also used as a surfactant in shampoos. In the manufacture of soaps, in particular based on vegetable oil, cetearyl alcohol is used as a thickening agent. Furthermore, the sale of value to the cosmetic industry has increased worldwide. Cetearyl alcohol is widely used in many hair care products. Therefore, this factor is the driving force of the Latin America cetyl stearyl alcohol market in the cosmetic industry. Cetearyl alcohol plays a pivotal role in the worldwide cosmetic industry. They purpose as an emollient, a transporting agent, an emulsifier, a thickener, and, for other components limited in a cosmetic solution. Most consumers address hair related issues such as baldness, hair loss and dandruff, which has led to the worldwide use of hair care products. As cetearyl alcohol is mixed as a thickening agent and is a key component of the hair conditioner where it assistances to blend the water and oil in the conditioner. The oil and water based components in the conditioner would remain in the form of an emulsion without the presence of cetearyl alcohol. In soap manufacturing, this alcohol can be used as a thickening and surfactant, particularly in those that are made of vegetable oil.

Other reasons for the growing demand for cetearyl alcohol is used as food additives in food decoration and as flavoring agents. Cetearyl alcohol is therefore widely used in the confectionery and bakery industries. Nowadays, cetearyl alcohol is normally used in several productions such as confectionery, meat, bakery, beverage, and food. Performers or new market participants looking to expand their regional presence should focus on the comfort of raw materials to improve their manufacturing facilities. Given these variables, market demand for cetearyl alcohol is expected to increase during the forecast period. Cetearyl alcohol also softens the skin, and it is used in anti-aging creams and moisturizers. The main stimulus for the global cetearyl alcohol market is supposed to augment due to rising incomes in emerging economies and growing demand for beauty and personal care products. These factors mentioned above will stimulate market demand for cetearyl alcohol, especially in the cosmetic industries.

Market Segmentation

The Latin American Cetyl Stearyl Alcohol market is divided based on grade type, end-user, and region.

Based on the grade type, the industrial grade alcohol is foreseen to develop with a significant share over the anticipated period due to numerous applications in various industries, particularly cosmetics.

Depending on the end-users, the cosmetic industry is likely to register rapid growth over the foreseen period, attributable to the phenomenal surge in sales of cosmetic items like shampoos, lotions, skin creams, etc.

Regional Analysis

The market for Latin America cetyl stearyl alcohol has been categorized on the basis of geography into Mexico, Brazil, Peru, Chile, and the rest of the Latin America. Latin America is one of the key emerging regions, which will generate significant opportunities in the local market over the envisioned period due to increase in per capita spending of consumers on personal care and cosmetics products.

Leading Company

Trulux Pty Ltd had the largest share of the cetyl stearyl alcohol market in terms of sales revenue in 2019.

Key Players

BASF SE, The Prakash Chemicals Pvt Ltd, Acme-Hardesty Company, Texas Natural Supply, P&G Chemicals, and Kao Chemicals, S.L., and others.