Press Release
Press Release
According to a new report by EMR titled, ‘Global Stearyl Alcohol Market Report and Forecast 2024-2032’, the global market for stearyl alcohol is expected to grow at a CAGR of 5% between 2024 and 2032 to attain USD 11.12 billion by 2032.
Europe is expected to be one of the significant regions in the global market for stearyl alcohol over the forecast period. Owing to the stringent government regulations and general provisions specified by the Cosmetics Regulation of the European Union, there has been an increase in the demand for plant-based stearyl alcohol for use in personal care and cosmetic formulations. Within the Asia Pacific, emerging economies such as China and India are expected to witness a significant market growth owing to the increasing demand for skincare and haircare products. The growing population and rapid urbanisation are aiding the market growth in the Asia Pacific. Further, the region has abundant raw material availability benefits as Indonesia and Malaysia are the major palm oil producers.
P&G Chemicals, a division of Procter & Gamble Co (NYSE: PG), is one of the leading players in the market. The company specialises in the production and distribution of oleochemicals, with a line of products including alcohols and fatty alcohols. It produces raw materials essential for many commonly used consumer products like skincare and haircare. Further, the thriving retail sector and expansion of the distribution channels are also contributing to the stearyl alcohol industry growth. The easy availability of the end-use products like cosmetic and personal care through retail channels like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) is expected to further boost the demand for stearyl alcohol. Also, the online platforms provide various coupons and discount offers to the consumers, which are anticipated to enhance the online sales of these end-use products.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global stearyl alcohol market are Kao Corporation, BASF SE, Biesterfeld AG, KLK Oleo, Godrej Industries Limited, and P&G Chemicals, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.