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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.
How big is the stearyl alcohol market?
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
What factors are driving the U.S. stearyl alcohol market growth?
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
Why is regular stearyl alcohol gaining traction?
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
Who are the major stearyl alcohol manufacturers?
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