Cetyl Stearyl Alcohol Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.78 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
Cetyl Stearyl Alcohol Market Analysis
The global cetyl stearyl alcohol market is projected to register a CAGR of 3.78% over the next five years.
- Cetyl stearyl alcohol is a versatile ingredient used in a wide range of applications such as food, cosmetics, pharmaceuticals, chemicals, and material industries. Its popularity is expected to increase in various industries during the forecast period due to its numerous applications. In the personal care industry, cetyl stearyl alcohol is widely used in shampoos, conditioners, soaps, body washes, and other cosmetic products as a surfactant, thickening agent, and emollient.
- The demand for natural ingredients in cosmetic and personal care products has been on the rise in recent years. Market players are now extracting stearyl alcohol from natural sources such as coconut oil to cater to the increasing demand for natural products. As a result, the demand for cetyl stearyl alcohol in the personal care industry is likely to grow over the medium term.
- Cetyl stearyl alcohol is known to help soften the skin and hair, and it also acts as an effective ingredient for soothing and healing dry skin. With the increasing pollution and rising disposable income, consumer spending on cosmetics and personal care products is increasing. According to the Office for National Statistics data 2021, consumer spending on personnel in the United Kingdom was USD 33.55 billion. This trend is expected to continue, which will lead to an increase in the demand for cetyl stearyl alcohol in the market over the medium term.
- In conclusion, the demand for cetyl stearyl alcohol is expected to grow over the medium term, driven by the increasing demand for natural ingredients and the functional benefits of the alcohol in various industries, particularly the personal care industry.
Cetyl Stearyl Alcohol Market Trends
Increasing Demand for in Cetyl Stearyl Cosmetic Products
- In the cosmetics industry, cetyl stearyl alcohol is a versatile ingredient that serves various functions, such as a thickener, emulsifier, carrying agent, and emollient. Its popularity is attributed to its effectiveness in improving the texture and feel of personal care products. As the demand for beauty and personal care products continues to rise, the utilization of cetyl stearyl alcohol has become increasingly significant.
- According to data from the Industry Association for Personal Care and Detergents (German: Industrieverband Körperpflege- und Waschmitte (IKW)), in 2022, the revenue of hair care products in Germany reached USD 3.43 billion, highlighting the importance of this market. Hair-related issues such as baldness, hair loss, and dandruff have become common concerns for most consumers, leading to an increase in demand for hair care products.
- Cetyl stearyl alcohol is a major component of hair conditioners, where it acts as a thickening agent and helps to mix water and oil in the conditioner. Its emollient properties also help to soften the skin, making it an ideal ingredient for anti-aging creams and moisturizers.
- Overall, the demand for cetyl stearyl alcohol is on the rise due to its various benefits and effectiveness in personal care products. Its versatility and compatibility with other ingredients make it an essential component of many cosmetic solutions.
Europe Dominates the Market
- Europe's cetyl stearyl alcohol market is experiencing significant growth due to a rapid increase in sales of cosmetic products over the last five years. Key European countries, such as Germany, France, the United Kingdom, and Italy, have witnessed a robust surge in the cosmetics industry.
- According to Cosmetica Italia, the National Association of Cosmetic Companies, the consumption value of cosmetics and personal care products in Germany reached USD 14.50 billion in 2021. The region is expected to continue exhibiting positive growth in the market due to the growing demand for multiple cosmetic products, especially from millennials who prefer customized products.
- Cetyl alcohol, a naturally derived alcohol from coconut and palm plant oils, is commonly used in soap manufacturing by manufacturers. Cetyl alcohol also increases the lather formation rate, resulting in a creamy and luxurious lather. Its moisturizing properties make it an excellent addition to soaps, even those that have a more bubbly or cleansing lather, as it helps to keep the skin hydrated and soft. Overall, cetyl alcohol is a valuable ingredient in soap production, providing a variety of benefits that contribute to a high-quality soap product.
Cetyl Stearyl Alcohol Industry Overview
The cetyl stearyl alcohol market is fragmented, with global and regional players dominating the market. Some of the major key players in the cetyl stearyl alcohol market globally include Prakash Chemicals Pvt Ltd, Jacob Stern & Sons Inc., Kao Corporation, Aromantic Ltd, and Procter and Gamble Compan Numerous small and medium-sized manufacturers of the product are rigorously competing against one another across a wide range of end-use markets, including skincare, cosmetics, and medicinal applications. Its wide range of applicability makes it an appealing market for new entrants. Existing manufacturers concentrate on new ways to apply the product while keeping the needs of consumers in mind.
Cetyl Stearyl Alcohol Market Leaders
-
Prakash Chemicals Pvt Ltd
-
Jacob Stern & Sons Inc.
-
Kao Corporation
-
Aromantic Ltd
-
Procter and Gamble Company
*Disclaimer: Major Players sorted in no particular order
Cetyl Stearyl Alcohol Market News
- January 2022: Acme-Hardesty, a division of Jacob Stern & Sons Inc., announced a partnership with Green Mountain Biotech, a leading producer of high-quality natural ingredients for the personal care industry. The partnership aims to provide natural personal care ingredients in the United States market, catering to the growing demand for natural and organic products among consumers.
- October 2021: Kao Corporation appointed Chemsynergy, a global supplier of Basic Oleochemicals and Derivatives for its oleochemicals business. Chemsynergy now operates the oleochemical business of Kao Corporation in Europe. Oleochemicals include cetyl stearyl alcohol.
- April 2021: Kao Corporation, a leading manufacturer of personal care and laundry chemicals, appointed ChemPoint, a subsidiary of Univar Solutions, as a distributor for its surfactants, personal care, and laundry industry chemicals in the United States. As part of this partnership, ChemPoint will distribute Kao Corporation's range of personal care chemicals, including Cetyl Stearyl Alcohol, which is commonly used as an emollient and emulsifier in skin care products, hair care products, and other personal care items. Cetyl Stearyl Alcohol is a waxy substance that can help to soften and soothe the skin and hair.
Cetyl Stearyl Alcohol Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Testing Type
5.1.1 Physical
5.1.2 Chemical
5.1.3 Microbiological
5.2 Application
5.2.1 Food and Beverage Industry
5.2.2 Cosmetic Industry
5.2.3 Pharmaceutical Industry
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 Spain
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Strategies Adopted by Key Players
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Jacob Stern & Sons Inc.
6.3.2 Procter & Gamble Company
6.3.3 Kao Corporation
6.3.4 Prakash Chemicals Pvt Ltd
6.3.5 Ataman Kimya A.S
6.3.6 Aromantic Ltd
6.3.7 2M Group of Companies (Surfachem Group Ltd)
6.3.8 Otto Chemie Private Limited
6.3.9 Niram Chemicals
6.3.10 VVF LLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Cetyl Stearyl Alcohol Industry Segmentation
Cetearyl alcohol, also known as cetyl stearyl alcohol, is a waxy substance made from stearyl alcohol or cetyl alcohol, or both fatty acids. Cetearyl alcohol is used as opacifying agent, foam-boosting surfactant, emulsion stabilizer, as well as non-aqueous and aqueous viscosity incline agent.
The global cetyl stearyl alcohol market is segmented by testing type, application, and geography. By testing type, the market is segmented into physical, chemical, and microbiological. By application, the market is segmented into the food and beverage industry, cosmetics industry, and pharmaceutical industry. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
The market sizing has been done in value terms in USD for all the abovementioned segments.
| Testing Type | |
| Physical | |
| Chemical | |
| Microbiological |
| Application | |
| Food and Beverage Industry | |
| Cosmetic Industry | |
| Pharmaceutical Industry |
| Geography | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
Cetyl Stearyl Alcohol Market Research FAQs
What is the current Cetyl Stearyl Alcohol Market size?
The Cetyl Stearyl Alcohol Market is projected to register a CAGR of 3.78% during the forecast period (2024-2029)
Who are the key players in Cetyl Stearyl Alcohol Market?
Prakash Chemicals Pvt Ltd, Jacob Stern & Sons Inc., Kao Corporation, Aromantic Ltd and Procter and Gamble Company are the major companies operating in the Cetyl Stearyl Alcohol Market.
Which is the fastest growing region in Cetyl Stearyl Alcohol Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cetyl Stearyl Alcohol Market?
In 2024, the Europe accounts for the largest market share in Cetyl Stearyl Alcohol Market.
What years does this Cetyl Stearyl Alcohol Market cover?
The report covers the Cetyl Stearyl Alcohol Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cetyl Stearyl Alcohol Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Cetyl Stearyl Alcohol Industry Report
Statistics for the 2024 Cetyl Stearyl Alcohol market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cetyl Stearyl Alcohol analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
