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Ethylhexyl Stearate Market Explores New Growth Opportunities By 2017 – 2025
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Global Ethylhexyl Stearate Market: Drivers and Restraints
With rising consumer concern towards personal health, demand for personal care serices and products are witnessing a substantial growth. Thereby, boosting the market growth of ethylhexyl stearate as it is commonly used ester in personal care products. Ethylhexyl stearate is commonly used as an emollient which prevents the water loss. Hence, is extensively used as emulsion, bath oils and as solvent in cosmetic products. It is widely used in the manufacturing of formulations for skin make up, lipstick, eye liner and other skin care products. Apart from personal care industry, ethylhexyl stearate also widely used as an intermediate, lubricating agent and surface active agent. Owing to these properties ethtylhexyl stearate is commonly used in the manufacturing of metal working fluids. Also, it offers good thermal stability and hence finds application in aluminium rolling, also is used in manufacturing of ink additives and paints. Hence, broad spectrum of application provides an opportunistic platform for the robust growth of ethylhexyl stearate market over the period of time.
However, with rising demand for organic and natural personal care products, various natural based ingredients are being used in the manufacturing of personal care products. Thereby, restraining the market growth of ethylhexyl stearate. Moreover, stearic acid is being derived from animal fat which further refrains the growth of ethylhexyl stearate market with increasing adoption of vegan-based products. Moreover, it causes mild eye irritation and produces faint odor which may affect the adoption of ethyhexyl stearate based products among consumers.
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The global ethylhexyl stearate market is categorised into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), Japan, Latin America and North America. North America is expected to record significant growth in ethylhexyl stearate market during the forecast period. Owing to increase demand for personal care products among consumers is propelling the market growth. However, increasing vegan population may affect the growth of the market. Europe is expected to record substantial growth. With increasing competitiveness among manufacturers along with increase in investment towards research and development in personal care industry is expected to drive the market in Europe. Asia Pacific represents to be an opportunistic market for the growth of ethylhexyl stearate market. As increasing trend towards adoption of personal care and grooming products is spurring the market growth.
Global Ethylhexyl Stearate Market: Key Players
Some of the prominent players identified in the global ethylhexyl stearate market includes: Stearinerie Dubois, A&A Fratelli Parodi Spa, Berg + Schmidt GmbH & Co. KG, Blue Sun International, Borica Co., Ltd., DeWolf Chemical, Evonik Industries AG, Allan Chemical Corporation, Alzo International Inc ., Oleon NV, Mosselman s.a., Ecogreen Oleochemicals Pte Ltd
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