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Major players operating in the stearyl alcohol industry include:
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.
Market size for stearyl alcohol was USD 6.4 billion in 2022 and is estimated to reach USD 9.3 billion by the end of 2032 due to higher usage in the cosmetic and personal care sectors as an emollient to offer moisturizing effects
U.S. stearyl alcohol industry size was USD 1.9 billion in 2022 and is anticipated to expand at significant pace from 2023-2032 driven by the growing demand for personal care as well as cosmetic products in the nation
Stearyl alcohol industry from the regular grade segment garnered USD 4.4 billion in revenue in 2022 owing to higher application as a lubricant for manufacturing purposes
Some of the leading stearyl alcohol companies are Procter & Gamble, VVF LLC, Kao Corporation, Sasol Limited, BASF SE, Oleon NV, Kuala Lumpur Kepong Berhad, Jarchem Industries Inc., Behn Meyer Group, and KLK OLEO Group