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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.
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