Stearyl Alcohol Market 2021 In-Depth Analysis and Future Forecast 2021-2029 | Key Players include Sinarmas Cepsa Pte. Ltd., Berg + Schmidt, Biesterfeld AG

Stearyl Alcohol Market Snapshot:

Stearyl alcohol, also known as octadecyl alcohol or 1-octadecanol, is classified as fatty alcohol [CH3 (CH2)16CH2OH] that is produced from the reduction of fatty acids. It is found in plants such as coconut and palm oil and can also be produced in the laboratories. Stearyl alcohol is insoluble in water and has a shape of granules or flakes. It is extensively used as an ingredient in cosmetics, lubricants, perfumes, resins, hair conditioners, and shampoos, and as a thickener in ointments, emulsifier, and emollient. The stearyl alcohol market is projected to witness substantial growth during the forecast period on account of its increasing applications in the end-user industries, such as personal care, cosmetics, and pharmaceutical, among others. Rising income levels in the emerging economies have increased the demand for beauty and personal care products, further bolstering the market growth. However, volatility in raw material prices and the emergence of COVID-19 pandemic restrains the market growth.

Increasing Demand for Lubricants in the Automotive Industry/ The U.S. Automotive Industry to Support the Market Growth in North America, The automotive sector is growing at a swift pace across the globe; in 2018, the U.S. automotive sector contributed 2.7% to the country’s GDP. Stearyl alcohol is used for the production of lubricants, which is further used in the automotive sector. Thus, rapidly expanding automotive sector and increasing number of vehicle ownership provide an impetus to the market growth.

Lubricants play a vital role in maintaining vehicles; for instance, they are extensively used in traditional vehicles, such as cars and motorbikes, to take care of the joints. As per the Statista, in 2017, the global demand for lubricants was around 36 million metric tons. The per capita lubricant demand is high in North America; in 2017, the U.S. lubricant market was estimated at around USD 19 billion. Thus, the expansion of the lubricant market is subsequently surging the demand for stearyl alcohol, further driving the market growth.

The cosmetics and personal care segment dominates the market and holds nearly one-third of the market share. Stearyl alcohol is extensively used in the cosmetic and personal care industries for the manufacturing of hair conditioners, eye makeup, foundations, skincare products, skin cleansers, and skin moisturizers, among others. Stearyl alcohol helps to form an emulsion and prevents the separation of oil and liquid components in the products. It reduces the tendency of finished products to generate foam when shaken, and acts as a skin lubricant and endows a glossy, smooth, and soft appearance to the skin. The cosmetic sector is growing at a rapid pace; in 2018, the cosmetic sector grew by an estimated 5.5%. Several cosmetic products have been gaining popularity on account of the widespread acceptance of online culture and rising use of social media platforms, such as YouTube and Instagram. These channels are highly influencing teenagers, millennials, and other age groups, further creating a demand for beauty products. Thus, the influence of debouching makeup and grooming trends on millennials provides an impetus to the segment growth.

Asia-Pacific is projected to exhibit the fastest growth in the stearyl alcohol market on account of the rapid expansion of cosmetic and automotive sectors in India, China, South Korea, and Japan. As per the Statista, Asia-Pacific’s cosmetic market held the highest share in the global market in 2018, which is about 40% (USD 120 billion). Increasing middle class population, rising health awareness, and debouching beauty trends drive the regional market growth as stearyl alcohol is a key ingredient used in cosmetic products.

Obtain Brochure For Latest Technology Advancements @ https://straitsresearch.com/report/stearyl-alcohol-market/request-sample

The Major Prominent Players Covered in this Report:
Sinarmas Cepsa Pte. Ltd.
Berg + Schmidt
Biesterfeld AG
P&G Chemicals
Triveni Chemicals
Merck KGaA
VVF Ltd.
Kao Corporation
BASF SE
KLK Oleo
New Japan Chemical Co., Ltd.
Kokyu Alcohol Kogyo Co., Ltd.

Stearyl Alcohol Market Segmentation-
By Form- Granules, Flakes,
By End-User- Cosmetics and Personal Care, Pharmaceuticals, Food and Beverages,
By Application- Emulsion Stabilizer, Fragrance Ingredient, Emulsifying Agent, Foam Booster, Viscosity Modifier, Emollient

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Stearyl Alcohol in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Stearyl Alcohol market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Stearyl Alcohol and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Stearyl Alcohol. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

View this report with a detailed description and TOC @ 
https://straitsresearch.com/report/stearyl-alcohol-market/toc

Key Questions Answered in The Report:
What will the Stearyl Alcohol market growth rate?
What are the key factors driving the global Stearyl Alcohol market?
Who are the key manufacturers in the Stearyl Alcohol market space?
What are the market opportunities, market risk, and market overview of the Stearyl Alcohol market?
What are sales, revenue, and price analysis of top manufacturers of the Stearyl Alcohol market?
Who are the distributors, traders, and dealers of the Stearyl Alcohol market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Stearyl Alcohol Industry?
What are sales, revenue, and price analysis by regions of Stearyl Alcohol industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Stearyl Alcohol Market Trends:
- The report identifies, determines, and forecasts the Global Stearyl Alcohol Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Stearyl Alcohol Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Stearyl Alcohol Market.

Browse Full Report @ 
https://straitsresearch.com/report/stearyl-alcohol-market/

Even if your business is a multinational venture or a single storefront, we believe innovation is the key to progress, in both what you build and how you promote your products and brands.

Buy Full Report with Detail Analysis with COVID-19 Impact – https://straitsresearch.com/buy-now/stearyl-alcohol-market/global/

So let's put our minds together. We'll make your vision a reality and help you grow.

For more details, please contact us -
Straits Research
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY 10022
Tel: +1 646 480 7505, +44 208 068 9665
Website: https://straitsresearch.com/

About Us:
Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enables us to determine greater insights by eliminating the research costs.

This release was published on openPR.