Stearyl Alcohol Market Size

Stearyl Alcohol Market was valued at around USD 6.4 billion in 2022 and is estimated to register over 3.8% CAGR between 2023 and 2032. Increase in demand for stearyl alcohol in the cosmetic and other personal care industries based on its moisturizing effect as an emollient. It also applies to pharmacies and industrial processes helping in the growth of market.

The focus of the consumers on natural and plant-based elements in the products makes demand for the plant derived Stearyl Alcohol even higher. Therefore, the market will have continued momentum towards products of better quality backed by their environmentally friendly sources.

Price volatility of raw materials in the stearyl alcohol industry can disrupt cost structures and profitability for manufacturers, as fluctuations in the prices of key inputs like palm oil or animal fats can impact production costs and product pricing.

COVID-19 Impact

The effect of the COVID-19 pandemic on the stearyl alcohol industry. Initially, there have been the problems with availability of raw materials and production due to disrupting supply chains, lockdowns, and safety. However, with the rising demand on sanitation and self-care goods, there was then a recovery of the market whereby consumers looked for cleaners with stearyl-alcohol for skin care and cleansing. Some products’ segments experienced increased demand during the pandemic, whereas others called attention to strong supply chain resilience.

Stearyl Alcohol Market Trends

The stearyl alcohol industry outlook considers environmental consciousness including production from renewable or plant sources to reduce carbon footprints as well as clean labeling and ‘natural’ branding in response to health and ecological concerns relating to consumers. Furthermore, enhanced interest in the cosmetics and personal care industry as a result of moisturising and skin friendly composition and developments made in the pharma sector which have opened up new horizons for medical and dermatological products.

Stearyl Alcohol Market Analysis

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Based on grade, the market is segmented as regular grade, and high purity grade. Regular grade held a majority market value of USD 4.4 billion in 2022. The steady growth trend in global market for the regular grade segment. Its various commercial uses ranging from being a surfactant (emulsifier), to its application as a lubricant for manufacturing purposes accounts for this. This section keeps strong as its product is always needed in different sectors like chemical industry and plastics. The concentration on cost efficient mode of production too sustains the steady stearyl alcohol sales grade at the current period, hence serving many industrial needs.

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Based on form, the market is segmented as liquid, and waxy solid. Waxy solid segment held a dominant market share of around 65% in 2022 and is expected to grow at a lucrative pace till 2032. Stearyl Alcohol segment has recently been experiencing a stable development due to its extensive application in different economies primarily in the cosmetic and personal care industry where it acts as a key component of creams, lotions and shampoos among others. The increased demand for these products together with the general consumerism trend of seeking for health foods also boosts waxy solid stearyl alcohol industry.

Based on application, the market segmented as Emulsion stabilizer, Fragrance ingredient, foam booster, viscosity modifier, emollient, and others. In the application segment, the Emulsion stabilizer holds the dominant share in the market. In the stearyl alcohol industry, emulsion stabilizers are witnessing a growing trend, especially in the cosmetics and pharmaceutical sectors. Stearyl Alcohol's emulsifying properties make it a valuable ingredient for formulating stable and creamy products, such as lotions and creams. With a rising demand for premium skincare and hair care products, the need for effective emulsion stabilizers is increasing.

Based on end-user industry, the market segmented as cosmetics and personal care, pharmaceuticals, food and beverages, and others. The market in the cosmetics and personal care sector is witnessing robust growth, driven by the increasing consumer preference for skincare and haircare products that contain natural, plant-based ingredients. Stearyl Alcohol's emollient properties make it a sought-after ingredient in creams, lotions, and shampoos. As consumers prioritize product safety and sustainability, the demand for plant-based Stearyl Alcohol is rising.

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U.S. dominated the North American region with majority market share and a revenue of USD 1.9 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. The US stearyl alcohol market is being fueled by a strong demand in the area of personal care as well as cosmetics. Health and beauty consciousness as well as an emerging desire towards natural components have fueled a surge in demand for Stearyl Alcohol in cosmetics. Furthermore, it has a wide range of use in pharmaceutical products and foods which have boosted its growing market.

Stearyl Alcohol Market Share

Major players operating in the stearyl alcohol industry include:

• Procter & Gamble
• VVF LLC
• Kao Corporation
• Sasol Limited
• BASF SE
• Reliance Industries Limited
• Godrej Industries Limited
• Oleon NV
• Kuala Lumpur Kepong Berhad
• Jarchem Industries Inc.
• Berg + Schmidt GmbH & Co. KG
• Behn Meyer Group
• Jeeon Corporation
• Pan Oleo Sdn Bhd
• KLK OLEO Group

Procter & Gamble and VVF LLC have captured substantial market shares in the Asia pacific market, driven by companies in the Asia-Pacific region, driven by the surging demand for stearyl alcohol products, particularly in China and India. The Asia-Pacific region, the world's largest stearyl alcohol industry, is poised for continued growth due to rapid economic development, urbanization, and increasing demand across industries such as nuclear power, chemicals, ceramics, and aerospace. As leading producers, Procter & Gamble and VVF LLC are well-positioned to cater to this escalating demand in the region.

Stearyl Alcohol Industry News

• In Nov-2021, ChemSynergy GmbH and KAO Chemicals Europe entered into a cooperation agreement effective from October 1, 2021. Under this agreement, ChemSynergy GmbH will take on the distribution and filling business of Oleochemicals on behalf of KAO Chemicals Europe. The key product categories handled by ChemSynergy include Tertiary Amines and Fatty Alcohols.
  

Stearyl alcohol market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Kilo Tons from 2018 to 2032, for the following segments:

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Market, By Grade

• Regular grade
• High purity grade

Market, By Form

• Liquid
• Waxy solid

Market, By Application

• Emulsion stabilizer
• Fragrance ingredient
• Foam booster
• Viscosity modifier
• Emollient
• Others

Market, By End-User Industry

• Cosmetics and personal care
• Pharmaceuticals
• Food and beverages
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Thailand 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE