Stearyl Alcohol Market Size, Share, Value, CAGR, Outlook, Analysis, Latest Updates, Data, and News

Stearyl Alcohol Market

 


  Rapid industrialization, combined with an increase in vehicle ownership, is expected to boost demand in the automotive industry and drive market growth. It is becoming more popular as an industrial-grade lubricant in the automotive industry. Growing demand for eco-friendly and organic products is expected to boost market growth over the forecast period. It has been accepted and permitted as a direct food additive ingredient by the Food and Drug Administration (FDA) and the Cosmetics Ingredient Review (CIR) Expert Panel, to be used in the same way as natural alcohols. It is also permitted as an indirect food additive for food containers and coatings.

  Increasing demand for beauty and personal care products as per capita disposable income rises in emerging economies such as China and India is expected to be a major factor driving stearyl alcohol market growth over the forecast period. It is used as an emulsifier in a variety of cosmetics products to improve product texture. It is also used in shampoos as a hair coating and as a thickener in ointments. It is used in swimming pools as a liquid solar blanket to slow the rate of water evaporation.

  A significant increase in consumer spending and demand for various types of hair care products, such as hair creams, shampoos, and colors, is expected to drive growth in the global stearyl alcohol market in the coming years. Furthermore, stearyl alcohol is used in the manufacture of personal care products such as conditioning agents. Furthermore, there has been an increase in demand for the product from the pharmaceutical industry, where it is used as a rheology modifier.

  Kao, BASF, Godrej, KLK OLEO, Arizona Chemical, Acidchem International, Oleon, Sinarmas Cepsa Pte. Ltd., Vegetable Vitamin Foods Company, Kokyu Alcohol Kogyo Co., China Resources, Flora Sawita, P&G Chemicals, Akzo Nobel, New Japan Chemical Co., Ltd., Ltd. PT Smart Tbk, Pan Century, and others are major players in the global stearyl

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